Triodos Investment Management BV Purchases 27,500 Shares of MUELLER WATER PRODUCTS $MWA

Key Points

• Triodos Investment Management BV increased its position in MUELLER WATER PRODUCTS by 2.6% in Q2, acquiring an additional 27,500 shares, bringing its total to 1,080,000 shares.
• MUELLER WATER PRODUCTS reported a quarterly EPS of $0.34, slightly below the consensus estimate of $0.35, but its revenue increased by 6.6% year-over-year to $380.30 million.
• The company announced a quarterly dividend of $0.067 per share, translating to an annualized dividend yield of 1.1%, with a payout ratio of 28.72%.

Triodos Investment Management BV lifted its position in MUELLER WATER PRODUCTS (NYSE:MWA - Free Report) by 2.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,080,000 shares of the industrial products company's stock after buying an additional 27,500 shares during the period. MUELLER WATER PRODUCTS comprises 1.9% of Triodos Investment Management BV's holdings, making the stock its 24th largest position. Triodos Investment Management BV owned 0.69% of MUELLER WATER PRODUCTS worth $25,963,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in MWA. Byrne Asset Management LLC increased its position in shares of 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 acquired a new position in MUELLER WATER PRODUCTS in the 1st quarter worth $42,000. Nisa Investment Advisors LLC boosted its stake 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 worth $43,000 after purchasing an additional 1,104 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake in MUELLER WATER PRODUCTS by 177.7% in the 1st 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 period. Finally, Banque Cantonale Vaudoise acquired a new position in MUELLER WATER PRODUCTS in the 1st quarter worth $73,000. Institutional investors own 91.68% of the company's stock.

MUELLER WATER PRODUCTS Trading Down 2.2%

Shares of NYSE:MWA opened at $25.18 on Friday. The company's 50-day moving average price is $25.85 and its two-hundred day moving average price is $25.16. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.86 and a quick ratio of 2.56. MUELLER WATER PRODUCTS has a one year low of $21.35 and a one year high of $28.58. The stock has a market capitalization of $3.93 billion, a PE ratio of 26.78, a price-to-earnings-growth ratio of 1.20 and a beta of 1.18.

MUELLER WATER PRODUCTS (NYSE:MWA - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The industrial products company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.01). The business had revenue of $380.30 million for 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 company's quarterly revenue was up 6.6% compared to the same quarter last year. During the same period last year, the firm earned $0.32 earnings per share. MUELLER WATER PRODUCTS has set its FY 2025 guidance at EPS. On average, equities analysts forecast that MUELLER WATER PRODUCTS will post 1.24 EPS for the current fiscal year.

MUELLER WATER PRODUCTS Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Tuesday, August 12th were issued a $0.067 dividend. This represents a $0.27 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, August 12th. MUELLER WATER PRODUCTS's dividend payout ratio is presently 28.72%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Weiss Ratings reaffirmed a "buy (b)" rating on shares of MUELLER WATER PRODUCTS in a research note on Wednesday. Wall Street Zen raised shares of MUELLER WATER PRODUCTS from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $28.33.

Insider Activity

In other news, Director Thomas J. Hansen sold 24,005 shares of the company's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $26.15, for a total value of $627,730.75. Following the sale, the director directly owned 86,163 shares of the company's stock, valued at approximately $2,253,162.45. This represents a 21.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Suzanne G. Smith sold 1,288 shares of the company's stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $26.91, for a total transaction of $34,660.08. Following the completion of the sale, the chief accounting officer directly owned 763 shares in the company, valued at approximately $20,532.33. The trade was a 62.80% 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 valued at $909,819. 1.10% of the stock is owned by company insiders.

MUELLER WATER PRODUCTS 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.

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