MUELLER WATER PRODUCTS $MWA Shares Sold by PDT Partners LLC

Key Points

• PDT Partners LLC significantly reduced its stake in Mueller Water Products by 73.3%, selling 50,459 shares and leaving it with 18,357 shares valued at approximately $467,000.
• Vanguard Group Inc. increased its holdings in Mueller Water Products by 16.8%, now owning nearly 19.8 million shares worth over $503 million.
• Mueller Water Products reported a quarterly earnings per share of $0.34, slightly missing analysts' expectations, but its revenue grew by 6.6% year-over-year to $380.3 million.

PDT Partners LLC lessened its stake in shares of MUELLER WATER PRODUCTS (NYSE:MWA - Free Report) by 73.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,357 shares of the industrial products company's stock after selling 50,459 shares during the quarter. PDT Partners LLC's holdings in MUELLER WATER PRODUCTS were worth $467,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC purchased a new position in MUELLER WATER PRODUCTS during the first quarter worth about $502,000. Envestnet Asset Management Inc. boosted its stake in MUELLER WATER PRODUCTS by 354.3% during the first quarter. Envestnet Asset Management Inc. now owns 318,939 shares of the industrial products company's stock worth $8,107,000 after buying an additional 248,733 shares during the period. Handelsbanken Fonder AB boosted its stake in MUELLER WATER PRODUCTS by 45.6% during the first quarter. Handelsbanken Fonder AB now owns 52,336 shares of the industrial products company's stock worth $1,330,000 after buying an additional 16,400 shares during the period. Envestnet Portfolio Solutions Inc. purchased a new position in MUELLER WATER PRODUCTS during the first quarter worth about $287,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in MUELLER WATER PRODUCTS during the first quarter worth about $217,000. Hedge funds and other institutional investors own 91.68% of the company's stock.

Analyst Ratings Changes

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

Insider Buying and Selling at MUELLER WATER PRODUCTS

In other MUELLER WATER PRODUCTS news, Director Thomas J. Hansen sold 24,005 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $26.15, for a total value of $627,730.75. Following the transaction, the director directly owned 86,163 shares in the company, valued at $2,253,162.45. This represents a 21.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Suzanne G. Smith sold 8,621 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $26.37, for a total transaction of $227,335.77. Following the completion of the transaction, the chief accounting officer owned 761 shares in the company, valued at $20,067.57. This represents a 91.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 34,664 shares of company stock worth $909,819 over the last three months. Insiders own 1.10% of the company's stock.

MUELLER WATER PRODUCTS Stock Up 1.1%

NYSE:MWA traded up $0.26 during mid-day trading on Wednesday, hitting $24.91. The stock had a trading volume of 936,378 shares, compared to its average volume of 1,730,700. The stock has a 50-day simple moving average of $25.60 and a two-hundred day simple moving average of $25.29. The company has a market capitalization of $3.89 billion, a PE ratio of 26.51, a PEG ratio of 1.42 and a beta of 1.19. MUELLER WATER PRODUCTS has a twelve month low of $19.28 and a twelve month 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.

MUELLER WATER PRODUCTS (NYSE:MWA - Get Free Report) last issued its earnings results on Monday, August 4th. The industrial products company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.01). The firm had revenue of $380.30 million during 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 firm's revenue was up 6.6% compared to the same quarter last year. During the same period last year, the business earned $0.32 EPS. MUELLER WATER PRODUCTS has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that MUELLER WATER PRODUCTS will post 1.24 EPS for the current 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 paid a $0.067 dividend. This represents a $0.27 annualized dividend and a yield of 1.1%. The ex-dividend date was Tuesday, August 12th. MUELLER WATER PRODUCTS's dividend payout ratio is currently 28.72%.

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.