Voya Investment Management LLC Has $10.37 Million Stake in Mueller Water Products $MWA

Key Points

• Voya Investment Management LLC reduced its holdings in MUELLER WATER PRODUCTS by 15.5% in the first quarter, selling 74,898 shares and owning 408,113 shares valued at approximately $10.37 million.
• Several institutional investors, including Vanguard Group Inc. and Allianz Asset Management GmbH, have increased their stakes in the company, with Vanguard upping its investment by 16.8%.
• Mueller Water Products recently declared a quarterly dividend of $0.067 per share, marking an annualized yield of 1.1% and a dividend payout ratio of 28.72%.

Voya Investment Management LLC lowered its holdings in Mueller Water Products (NYSE:MWA - Free Report) by 15.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 408,113 shares of the industrial products company's stock after selling 74,898 shares during the period. Voya Investment Management LLC owned approximately 0.26% of Mueller Water Products worth $10,374,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of MWA. Vanguard Group Inc. boosted its position in shares of Mueller Water Products by 16.8% in the first quarter. Vanguard Group Inc. now owns 19,795,482 shares of the industrial products company's stock worth $503,201,000 after buying an additional 2,840,895 shares during the period. Nuveen LLC acquired a new stake in shares of Mueller Water Products in the first quarter worth $61,497,000. Fuller & Thaler Asset Management Inc. boosted its position in shares of Mueller Water Products by 66.2% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 5,401,086 shares of the industrial products company's stock worth $137,296,000 after buying an additional 2,152,096 shares during the period. Westfield Capital Management Co. LP acquired a new stake in shares of Mueller Water Products in the first quarter worth $53,854,000. Finally, Allianz Asset Management GmbH raised its holdings in shares of Mueller Water Products by 95.4% during the first quarter. Allianz Asset Management GmbH now owns 3,212,850 shares of the industrial products company's stock worth $81,671,000 after acquiring an additional 1,568,247 shares in the last quarter. Institutional investors and hedge funds own 91.68% of the company's stock.

Insider Activity

In related news, Director Brian C. Healy acquired 1,110 shares of the firm's stock in a transaction dated Monday, July 7th. The stock was bought at an average price of $24.74 per share, for a total transaction of $27,461.40. Following the acquisition, the director directly owned 15,730 shares of the company's stock, valued at approximately $389,160.20. The trade was a 7.59% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Suzanne G. Smith sold 8,621 shares of the firm's 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 completion of the transaction, the chief accounting officer owned 761 shares of the company's stock, valued at $20,067.57. The trade was a 91.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold 34,664 shares of company stock worth $909,819 in the last quarter. Corporate insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

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. According to data from MarketBeat, Mueller Water Products has an average rating of "Hold" and an average price target of $28.33.

Mueller Water Products Trading Down 1.5%

Mueller Water Products stock traded down $0.40 during mid-day trading on Friday, hitting $25.25. 4,411,733 shares of the company's stock were exchanged, compared to its average volume of 1,017,164. The firm has a market capitalization of $3.95 billion, a P/E ratio of 26.86, a PEG ratio of 1.35 and a beta of 1.19. Mueller Water Products has a fifty-two week low of $20.91 and a fifty-two week high of $28.58. The company has a quick ratio of 2.56, a current ratio of 3.86 and a debt-to-equity ratio of 0.48. The company's 50 day simple moving average is $25.67 and its 200-day simple moving average is $25.29.

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 the consensus estimate of $0.35 by ($0.01). The business had revenue of $380.30 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.32 EPS. Mueller Water Products has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Mueller Water Products will post 1.24 earnings per share for the current year.

Mueller Water Products Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Tuesday, August 12th were issued a dividend of $0.067 per share. This represents a $0.27 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Tuesday, August 12th. Mueller Water Products's dividend payout ratio is 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.