Van Lanschot Kempen Investment Management N.V. Has $34.79 Million Stock Position in Mueller Water Products $MWA

Key Points

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Van Lanschot Kempen Investment Management N.V. reduced its holdings in Mueller Water Products (NYSE:MWA - Free Report) by 38.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,368,723 shares of the industrial products company's stock after selling 841,433 shares during the period. Van Lanschot Kempen Investment Management N.V. owned about 0.87% of Mueller Water Products worth $34,793,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Optiver Holding B.V. purchased a new stake in shares of Mueller Water Products during the 4th quarter worth about $29,000. Tower Research Capital LLC TRC raised its stake in shares of Mueller Water Products by 171.8% during the 4th 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 in the last quarter. Byrne Asset Management LLC raised its stake in shares of Mueller Water Products by 73.1% during the 1st quarter. Byrne Asset Management LLC now owns 1,558 shares of the industrial products company's stock worth $40,000 after purchasing an additional 658 shares in the last quarter. Olde Wealth Management LLC purchased a new stake in shares of Mueller Water Products during the 1st quarter worth about $42,000. Finally, Nisa Investment Advisors LLC raised its stake in shares of Mueller Water Products by 184.6% during 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 in the last quarter. 91.68% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Mueller Water Products from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $28.33.

Mueller Water Products Stock Up 4.7%

Shares of NYSE MWA traded up $1.2120 during mid-day trading on Friday, reaching $27.1820. 1,039,777 shares of the company traded hands, compared to its average volume of 1,233,367. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.56 and a current ratio of 3.86. The stock has a market cap of $4.25 billion, a PE ratio of 28.92, a price-to-earnings-growth ratio of 1.44 and a beta of 1.18. The company's fifty day moving average is $24.94 and its two-hundred day moving average is $25.29. Mueller Water Products has a fifty-two week low of $19.23 and a fifty-two week high of $28.58.

Mueller Water Products (NYSE:MWA - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The industrial products company reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.35 by ($0.01). The company had revenue of $380.30 million for 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 business's revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.32 EPS. Mueller Water Products has set its FY 2025 guidance at EPS. On average, analysts expect that Mueller Water Products will post 1.24 earnings per share for the current year.

Mueller Water Products Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Tuesday, August 12th were issued 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 dividend yield of 1.0%. Mueller Water Products's dividend payout ratio is currently 28.72%.

Insider Activity

In related news, Director Brian C. Healy acquired 1,110 shares of the stock in a transaction dated Monday, July 7th. The shares were acquired at an average price of $24.74 per share, with a total value of $27,461.40. Following the acquisition, the director owned 15,730 shares in the company, valued at approximately $389,160.20. The trade was a 7.59% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Suzanne G. Smith sold 8,621 shares of the stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $26.37, for a total value of $227,335.77. Following the transaction, the chief accounting officer directly owned 761 shares in the company, valued at approximately $20,067.57. This represents a 91.89% decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by 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.