Northern Trust Corp Increases Stock Holdings in MUELLER WATER PRODUCTS $MWA

Key Points

• Northern Trust Corp increased its stake in Mueller Water Products (NYSE:MWA) by 6.1% during the first quarter, holding a position of approximately $44.73 million.
• Several hedge fund managers significantly raised their positions in Mueller Water Products, with some experiencing increases as high as 184.6% in the first quarter.
• Mueller Water Products recently announced a quarterly dividend of $0.067 per share, representing a 1.0% dividend yield based on current share price.

Northern Trust Corp raised its stake in MUELLER WATER PRODUCTS (NYSE:MWA - Free Report) by 6.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,759,557 shares of the industrial products company's stock after buying an additional 101,866 shares during the quarter. Northern Trust Corp owned approximately 1.12% of MUELLER WATER PRODUCTS worth $44,728,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in MWA. Optiver Holding B.V. purchased a new stake in MUELLER WATER PRODUCTS in the 4th quarter valued at $29,000. Tower Research Capital LLC TRC grew its holdings in 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 valued at $40,000 after buying an additional 1,113 shares in the last quarter. Byrne Asset Management LLC grew its holdings in 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 valued at $40,000 after buying an additional 658 shares in the last quarter. Olde Wealth Management LLC purchased a new stake in MUELLER WATER PRODUCTS in the 1st quarter valued at $42,000. Finally, Nisa Investment Advisors LLC grew its holdings in 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 valued at $43,000 after buying an additional 1,104 shares in the last quarter. 91.68% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded MUELLER WATER PRODUCTS from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $28.33.

MUELLER WATER PRODUCTS Trading Up 0.2%

MWA traded up $0.06 during mid-day trading on Tuesday, hitting $26.42. 1,605,888 shares of the stock were exchanged, compared to its average volume of 1,024,770. The firm's fifty day moving average is $25.40 and its two-hundred day moving average is $25.30. MUELLER WATER PRODUCTS has a 1-year low of $19.23 and a 1-year high of $28.58. The company has a current ratio of 3.86, a quick ratio of 2.56 and a debt-to-equity ratio of 0.48. The company has a market cap of $4.13 billion, a PE ratio of 28.10, a PEG ratio of 1.39 and a beta of 1.19.

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

MUELLER WATER PRODUCTS Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Tuesday, August 12th were given a $0.067 dividend. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $0.27 dividend on an annualized basis and a yield of 1.0%. MUELLER WATER PRODUCTS's dividend payout ratio (DPR) is currently 28.72%.

Insider Buying and Selling at MUELLER WATER PRODUCTS

In other MUELLER WATER PRODUCTS news, Director Brian C. Healy acquired 1,110 shares of the company's stock in a transaction dated Monday, July 7th. The shares were acquired at an average price of $24.74 per share, for a total transaction of $27,461.40. Following the acquisition, the director owned 15,730 shares in the company, valued at $389,160.20. The trade was a 7.59% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Thomas J. Hansen sold 24,005 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $26.15, for a total value of $627,730.75. Following the transaction, the director owned 86,163 shares in the company, valued at $2,253,162.45. This represents a 21.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,914 shares of company stock valued at $889,727 in the last quarter. 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.