Strs Ohio Takes Position in MUELLER WATER PRODUCTS $MWA

Key Points

• Strs Ohio has acquired a new position in MUELLER WATER PRODUCTS, purchasing 44,500 shares valued at approximately $1,131,000 in the first quarter of the year.
• Multiple institutional investors increased their stakes in the company, with Nisa Investment Advisors LLC raising its ownership by **184.6%**, bringing its total to 1,702 shares valued at $43,000.
• MUELLER WATER PRODUCTS reported a net margin of 10.67% for the last quarter, with a revenue increase of 6.6% compared to the same period last year, despite missing earnings estimates.

Strs Ohio bought a new stake in MUELLER WATER PRODUCTS (NYSE:MWA - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 44,500 shares of the industrial products company's stock, valued at approximately $1,131,000.

Several other hedge funds also recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC acquired a new position in MUELLER WATER PRODUCTS in the 1st quarter valued at $502,000. Envestnet Asset Management Inc. grew its position in shares of MUELLER WATER PRODUCTS by 354.3% in the first quarter. Envestnet Asset Management Inc. now owns 318,939 shares of the industrial products company's stock valued at $8,107,000 after purchasing an additional 248,733 shares during the period. Handelsbanken Fonder AB grew its position in shares of MUELLER WATER PRODUCTS by 45.6% in the first quarter. Handelsbanken Fonder AB now owns 52,336 shares of the industrial products company's stock valued at $1,330,000 after purchasing an additional 16,400 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new position in MUELLER WATER PRODUCTS in the first quarter valued at $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.

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 equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $28.33.

MUELLER WATER PRODUCTS Trading Up 0.5%

MWA traded up $0.14 during trading on Monday, hitting $25.43. 806,325 shares of the company's stock were exchanged, compared to its average volume of 1,185,762. MUELLER WATER PRODUCTS has a 1 year low of $20.94 and a 1 year high of $28.58. The stock has a 50 day moving average price of $25.68 and a 200 day moving average price of $25.30. The firm has a market cap of $3.97 billion, a P/E ratio of 27.05, a price-to-earnings-growth ratio of 1.33 and a beta of 1.19. 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 posted 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). 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 analyst estimates of $366.82 million. During the same quarter in the previous year, the firm posted $0.32 EPS. The business's revenue was up 6.6% compared to the same quarter last year. MUELLER WATER PRODUCTS has set its FY 2025 guidance at EPS. As a group, analysts expect that MUELLER WATER PRODUCTS will post 1.24 EPS for the current fiscal year.

MUELLER WATER PRODUCTS Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Stockholders 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 dividend yield of 1.1%. MUELLER WATER PRODUCTS's dividend payout ratio (DPR) is 28.72%.

Insider Activity at MUELLER WATER PRODUCTS

In other news, CAO Suzanne G. Smith sold 1,288 shares of MUELLER WATER PRODUCTS stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $26.91, for a total transaction of $34,660.08. Following the sale, the chief accounting officer owned 763 shares in the company, valued at $20,532.33. This trade represents a 62.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Thomas J. Hansen sold 24,005 shares of the business's stock in a transaction 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 transaction, the director directly owned 86,163 shares in the company, valued at approximately $2,253,162.45. The trade was a 21.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 34,664 shares of company stock worth $909,819. 1.10% of the stock is currently owned by company insiders.

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.