Perbak Capital Partners LLP Buys Shares of 30,716 Mueller Water Products $MWA

Key Points

• Perbak Capital Partners LLP acquired a new stake of 30,716 shares in Mueller Water Products, valued at approximately $781,000, making it the firm's 22nd largest holding.
• Several institutional investors increased their positions in Mueller Water Products during the first quarter, with the Royal Bank of Canada boosting its stake by 25.3% to own 153,043 shares valued at $3,890,000.
• Mueller Water Products reported a miss on EPS estimates for the latest quarter, with earnings of $0.34 compared to the expected $0.35, although its revenue increased by 6.6% year-over-year.

Perbak Capital Partners LLP acquired a new position in Mueller Water Products (NYSE:MWA - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 30,716 shares of the industrial products company's stock, valued at approximately $781,000. Mueller Water Products comprises approximately 0.6% of Perbak Capital Partners LLP's holdings, making the stock its 22nd biggest holding.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Byrne Asset Management LLC boosted its holdings in Mueller Water Products by 73.1% in the first 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 in the last quarter. Olde Wealth Management LLC purchased a new position in shares of Mueller Water Products in the first quarter worth $42,000. Nisa Investment Advisors LLC raised its stake in shares of Mueller Water Products by 184.6% in the first quarter. Nisa Investment Advisors LLC now owns 1,702 shares of the industrial products company's stock worth $43,000 after purchasing an additional 1,104 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Mueller Water Products by 171.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,761 shares of the industrial products company's stock worth $40,000 after purchasing an additional 1,113 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its stake in shares of Mueller Water Products by 177.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 2,635 shares of the industrial products company's stock worth $67,000 after purchasing an additional 1,686 shares during the last quarter. Hedge funds and other institutional investors own 91.68% of the company's stock.

Mueller Water Products Price Performance

Shares of NYSE MWA traded up $0.03 during mid-day trading on Friday, reaching $26.78. The company's stock had a trading volume of 645,313 shares, compared to its average volume of 796,015. The firm has a market capitalization of $4.18 billion, a PE ratio of 28.48, a P/E/G ratio of 1.42 and a beta of 1.19. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.86 and a quick ratio of 2.56. The stock has a fifty day moving average of $25.54 and a two-hundred day moving average of $25.29. Mueller Water Products has a 52 week low of $19.23 and a 52 week high of $28.58.

Mueller Water Products (NYSE:MWA - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $366.82 million. Mueller Water Products had a return on equity of 20.89% and a net margin of 10.67%.The business's revenue was up 6.6% on a year-over-year basis. During the same period last year, the company earned $0.32 EPS. Mueller Water Products has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Mueller Water Products will post 1.24 EPS for the current fiscal year.

Mueller Water Products Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Tuesday, August 12th were paid a dividend of $0.067 per share. 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 is presently 28.72%.

Insider Activity at Mueller Water Products

In other Mueller Water Products news, Director Thomas J. Hansen sold 24,005 shares of the company'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 transaction of $627,730.75. Following the sale, 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 link. Also, Director Brian C. Healy purchased 1,110 shares of Mueller Water Products stock in a transaction dated Monday, July 7th. The stock was acquired at an average price of $24.74 per share, for a total transaction of $27,461.40. Following the completion of the acquisition, the director owned 15,730 shares of the company's stock, valued at approximately $389,160.20. This trade represents a 7.59% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders sold 33,914 shares of company stock valued at $889,727. Insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Mueller Water Products from a "hold" rating to a "buy" rating in a research 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 currently has an average rating of "Hold" and a consensus target price of $28.33.

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.