Lightrock Netherlands B.V. Has $11.17 Million Stock Holdings in Mueller Water Products $MWA

Lightrock Netherlands B.V. trimmed its stake in Mueller Water Products (NYSE:MWA) by 11.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 464,784 shares of the industrial products company’s stock after selling 60,000 shares during the quarter. Mueller Water Products comprises about 2.6% of Lightrock Netherlands B.V.’s holdings, making the stock its 13th biggest position. Lightrock Netherlands B.V. owned 0.30% of Mueller Water Products worth $11,173,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of MWA. Cullen Frost Bankers Inc. grew its holdings in Mueller Water Products by 112.5% in the second quarter. Cullen Frost Bankers Inc. now owns 1,294 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 685 shares during the period. Olde Wealth Management LLC acquired a new stake in Mueller Water Products in the first quarter worth $42,000. Nisa Investment Advisors LLC grew its holdings in 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 period. Caitong International Asset Management Co. Ltd grew its holdings in 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 period. Finally, AlphaQuest LLC acquired a new stake in Mueller Water Products in the second quarter worth $71,000. 91.68% of the stock is currently owned by institutional investors and hedge funds.

Mueller Water Products Stock Up 0.3%

Mueller Water Products stock opened at $25.92 on Wednesday. Mueller Water Products has a 1-year low of $21.35 and a 1-year high of $28.58. The firm has a market capitalization of $4.05 billion, a price-to-earnings ratio of 27.57, a price-to-earnings-growth ratio of 1.21 and a beta of 1.18. The firm’s fifty day moving average price is $25.76 and its two-hundred day moving average price is $25.23. 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) last released its quarterly earnings data on Thursday, February 24th. The industrial products company reported $0.11 earnings per share for the quarter. Mueller Water Products had a net margin of 10.67% and a return on equity of 20.89%. The firm had revenue of $237.40 million for the quarter. On average, equities research analysts predict that Mueller Water Products will post 1.24 earnings per share for the current fiscal year.

Mueller Water Products Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Monday, November 10th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Monday, November 10th. This is an increase from Mueller Water Products’s previous quarterly dividend of $0.07. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.1%. Mueller Water Products’s payout ratio is 28.72%.

Insider Activity at Mueller Water Products

In other news, Director Brian C. Healy purchased 1,070 shares of the company’s stock in a transaction that occurred on Tuesday, October 7th. The shares were bought at an average cost of $25.78 per share, with a total value of $27,584.60. Following the completion of the transaction, the director directly owned 16,800 shares of the company’s stock, valued at approximately $433,104. This trade represents a 6.80% increase in their ownership of the stock. The acquisition 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 firm’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $26.37, for a total transaction of $227,335.77. Following the transaction, the chief accounting officer directly owned 761 shares in the company, valued at $20,067.57. The trade was a 91.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 34,664 shares of company stock valued at $909,819 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

MWA has been the subject of a number of research reports. Wall Street Zen upgraded shares of Mueller Water Products from a “hold” rating to a “buy” rating in a report on Saturday, July 12th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Mueller Water Products in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.33.

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.