Mueller Water Products $MWA Shares Bought by Credit Agricole S A

Key Points

• Credit Agricole S A increased its stake in Mueller Water Products by 32.8%, now holding over 507,000 shares valued at approximately $12.9 million.
• Mueller Water Products reported a 0.34 EPS for the last quarter, which missed the consensus estimate, but its revenue rose 6.6% year-over-year to $380.3 million.
• The company has announced a quarterly dividend of $0.067 per share, set to be paid on August 21st, reflecting a 1.0% dividend yield.

Credit Agricole S A raised its position in Mueller Water Products (NYSE:MWA - Free Report) by 32.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 507,321 shares of the industrial products company's stock after acquiring an additional 125,255 shares during the period. Credit Agricole S A owned approximately 0.32% of Mueller Water Products worth $12,896,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in MWA. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Mueller Water Products in the 1st quarter valued at about $502,000. Envestnet Asset Management Inc. increased its holdings in shares of Mueller Water Products by 354.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 318,939 shares of the industrial products company's stock valued at $8,107,000 after purchasing an additional 248,733 shares in the last quarter. Handelsbanken Fonder AB increased its holdings in shares of Mueller Water Products by 45.6% in the 1st quarter. Handelsbanken Fonder AB now owns 52,336 shares of the industrial products company's stock valued at $1,330,000 after purchasing an additional 16,400 shares in the last quarter. Envestnet Portfolio Solutions Inc. purchased a new position in shares of Mueller Water Products in the 1st quarter valued at about $287,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in shares of Mueller Water Products in the 1st quarter valued at about $217,000. Institutional investors and hedge funds own 91.68% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Mueller Water Products from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Mueller Water Products presently has an average rating of "Hold" and a consensus target price of $28.33.

Mueller Water Products Trading Up 0.4%

MWA stock traded up $0.12 during midday trading on Tuesday, reaching $27.00. 94,898 shares of the company's stock traded hands, compared to its average volume of 1,776,320. The company has a market capitalization of $4.22 billion, a P/E ratio of 28.72, a PEG ratio of 1.44 and a beta of 1.18. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.86 and a quick ratio of 2.56. Mueller Water Products has a fifty-two week low of $19.23 and a fifty-two week high of $28.58. The business has a 50-day moving average price of $25.01 and a two-hundred day moving average price of $25.29.

Mueller Water Products (NYSE:MWA - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The industrial products company reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.35 by ($0.01). The business had revenue of $380.30 million for the quarter, compared to analyst estimates of $366.82 million. Mueller Water Products had a net margin of 10.67% and a return on equity of 20.89%. The company's quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the firm earned $0.32 earnings per share. Mueller Water Products has set its FY 2025 guidance at EPS. Equities research analysts forecast that Mueller Water Products will post 1.24 EPS for the current fiscal year.

Mueller Water Products Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Tuesday, August 12th were given a dividend of $0.067 per share. This represents a $0.27 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Tuesday, August 12th. Mueller Water Products's payout ratio is presently 28.72%.

Insider Transactions at Mueller Water Products

In other news, Director Brian C. Healy bought 1,110 shares of Mueller Water Products stock in a transaction dated Monday, July 7th. The shares were acquired at an average cost of $24.74 per share, with a total value of $27,461.40. Following the completion of the transaction, the director owned 15,730 shares in the company, valued at approximately $389,160.20. This trade represents a 7.59% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas J. Hansen sold 24,005 shares of the business's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $26.15, for a total transaction of $627,730.75. Following the transaction, the director directly owned 86,163 shares in the company, valued at approximately $2,253,162.45. The trade was a 21.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company's stock.

Mueller Water Products Company Profile

Mueller Water Products, Inc manufactures and markets products and services for the transmission, distribution, and measurement of water used by municipalities, and the residential and non-residential construction industries in the United States, Israel, and internationally. It operates in two segments, Water Flow Solutions and Water Management Solutions.