Credit Agricole S A Has $12.90 Million Holdings in Mueller Water Products $MWA

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 lifted its position in Mueller Water Products (NYSE:MWA - Free Report) by 32.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 507,321 shares of the industrial products company's stock after buying 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.

A number of other hedge funds have also modified their holdings of MWA. Optiver Holding B.V. acquired a new position in shares of Mueller Water Products in the 4th quarter worth $29,000. Tower Research Capital LLC TRC grew its holdings in shares of Mueller Water Products by 171.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,761 shares of the industrial products company's stock worth $40,000 after acquiring an additional 1,113 shares during the last quarter. Byrne Asset Management LLC grew its holdings in shares of Mueller Water Products by 73.1% in the 1st quarter. Byrne Asset Management LLC now owns 1,558 shares of the industrial products company's stock worth $40,000 after acquiring an additional 658 shares during the last quarter. Olde Wealth Management LLC acquired a new position in shares of Mueller Water Products in the 1st quarter worth $42,000. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Mueller Water Products by 184.6% in the 1st quarter. Nisa Investment Advisors LLC now owns 1,702 shares of the industrial products company's stock worth $43,000 after acquiring an additional 1,104 shares during the last quarter. 91.68% of the stock is currently owned by institutional investors and hedge funds.

Mueller Water Products Stock Up 4.7%

Shares of MWA stock traded up $1.2120 on Friday, reaching $27.1820. 1,039,777 shares of the company's stock traded hands, compared to its average volume of 1,228,747. Mueller Water Products has a 12-month low of $19.23 and a 12-month high of $28.58. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.56 and a current ratio of 3.86. The company has a market capitalization of $4.25 billion, a P/E ratio of 28.92, a price-to-earnings-growth ratio of 1.44 and a beta of 1.18. The business's 50 day moving average price is $24.94 and its two-hundred day moving average price is $25.31.

Mueller Water Products (NYSE:MWA - Get Free Report) last issued 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). Mueller Water Products had a net margin of 10.67% and a return on equity of 20.89%. The business had revenue of $380.30 million for the quarter, compared to analysts' expectations of $366.82 million. During the same quarter in the prior year, the firm posted $0.32 EPS. The business's quarterly revenue was up 6.6% compared to the same quarter last year. Mueller Water Products has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Mueller Water Products will post 1.24 earnings per share for the current year.

Mueller Water Products Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Tuesday, August 12th were paid a $0.067 dividend. The ex-dividend date was Tuesday, August 12th. This represents a $0.27 dividend on an annualized basis and a yield of 1.0%. Mueller Water Products's payout ratio is 27.66%.

Insider Buying and Selling at Mueller Water Products

In other Mueller Water Products news, CAO Suzanne G. Smith sold 8,621 shares of the business's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $26.37, for a total value of $227,335.77. Following the transaction, the chief accounting officer owned 761 shares in the company, valued at $20,067.57. The trade was a 91.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Brian C. Healy bought 1,110 shares of the stock in a transaction on Monday, July 7th. The stock was purchased at an average price of $24.74 per share, for a total transaction of $27,461.40. Following the purchase, the director directly owned 15,730 shares of the company's stock, valued at approximately $389,160.20. This represents a 7.59% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.10% of the company's stock.

Analyst Ratings Changes

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

About Mueller Water Products

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.