Paralel Advisors LLC Purchases Shares of 84,083 Mueller Water Products $MWA

Key Points

• Paralel Advisors LLC acquired 84,083 Mueller Water Products shares worth approximately $2.17 million, while institutional investors collectively owned 91.68% of the company.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $30.20; individual ratings range from Sell to Buy.
• Mueller Water Products exceeded quarterly expectations, reporting $0.50 EPS versus the $0.39 estimate and $395.9 million in revenue, up 4.1% year over year. The company also maintains a quarterly dividend of $0.07 per share.

Paralel Advisors LLC acquired a new position in shares of Mueller Water Products (NYSE:MWA - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 84,083 shares of the industrial products company's stock, valued at approximately $2,172,000. Paralel Advisors LLC owned approximately 0.05% of Mueller Water Products at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of MWA. Strive Financial Group LLC boosted its holdings in shares of Mueller Water Products by 333.6% in the 2nd quarter. Strive Financial Group LLC now owns 5,294 shares of the industrial products company's stock valued at $137,000 after buying an additional 4,073 shares in the last quarter. denkapparat Operations GmbH acquired a new stake in Mueller Water Products during the 2nd quarter worth $221,000. Nykredit A S purchased a new stake in Mueller Water Products in the second quarter valued at $60,000. Grandeur Peak Global Advisors LLC purchased a new stake in Mueller Water Products in the second quarter valued at $4,522,000. Finally, Wedbush Securities Inc. boosted its stake in Mueller Water Products by 3.8% in the second quarter. Wedbush Securities Inc. now owns 12,308 shares of the industrial products company's stock valued at $318,000 after acquiring an additional 447 shares in the last quarter. Hedge funds and other institutional investors own 91.68% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Barclays initiated coverage on Mueller Water Products in a report on Tuesday, June 30th. They set an "underweight" rating and a $25.00 price objective on the stock. Weiss Ratings raised Mueller Water Products from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, August 11th. Royal Bank Of Canada dropped their price target on Mueller Water Products from $31.00 to $30.00 and set a "sector perform" rating on the stock in a research note on Friday, August 7th. Robert W. Baird set a $35.00 price objective on Mueller Water Products in a research note on Friday, August 7th. Finally, Wall Street Zen raised Mueller Water Products from a "hold" rating to a "buy" rating in a report on Monday, August 10th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $30.20.

Insider Buying and Selling

In other Mueller Water Products news, Director Brian C. Healy purchased 1,183 shares of the firm's stock in a transaction that occurred on Tuesday, July 7th. The shares were purchased at an average cost of $25.33 per share, for a total transaction of $29,965.39. Following the completion of the purchase, the director directly owned 24,946 shares in the company, valued at $631,882.18. This represents a 4.98% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Paul McAndrew sold 40,000 shares of Mueller Water Products stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $26.39, for a total value of $1,055,600.00. Following the completion of the sale, the chief executive officer owned 42,556 shares in the company, valued at approximately $1,123,052.84. This trade represents a 48.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 52,598 shares of company stock valued at $1,360,685 over the last three months. 1.10% of the stock is currently owned by company insiders.

Mueller Water Products Price Performance

Shares of NYSE:MWA opened at $23.91 on Monday. The company has a 50-day simple moving average of $25.20 and a 200-day simple moving average of $26.60. Mueller Water Products has a one year low of $22.74 and a one year high of $31.00. The company has a debt-to-equity ratio of 0.40, a quick ratio of 3.08 and a current ratio of 4.64. The stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of 16.96, a PEG ratio of 1.05 and a beta of 1.01.

Mueller Water Products (NYSE:MWA - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The industrial products company reported $0.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.11. The firm had revenue of $395.90 million for the quarter, compared to analyst estimates of $391.49 million. Mueller Water Products had a return on equity of 23.55% and a net margin of 15.02%.The business's revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the company posted $0.34 earnings per share. On average, analysts predict that Mueller Water Products will post 1.53 EPS for the current year.

Mueller Water Products Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Monday, August 10th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Monday, August 10th. Mueller Water Products's dividend payout ratio is 19.86%.

Mueller Water Products Profile

Mueller Water Products, Inc is a leading provider of water infrastructure and flow control products and services designed to help water utilities and municipalities manage, control and measure their water distribution systems. The company's portfolio includes a comprehensive range of products such as fire hydrants, valves, pipe repair systems, fittings and couplings, along with advanced metering and monitoring solutions. By combining traditional mechanical components with digital technologies, Mueller Water Products addresses the critical need for reliable and sustainable water distribution across North America.

The company's operations are organized around two primary business segments.

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