MUELLER WATER PRODUCTS $MWA Shares Sold by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA cut its stake in shares of MUELLER WATER PRODUCTS (NYSE:MWA) by 3.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 56,642 shares of the industrial products company’s stock after selling 1,774 shares during the period. Union Bancaire Privee UBP SA’s holdings in MUELLER WATER PRODUCTS were worth $1,374,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in MUELLER WATER PRODUCTS by 16.8% in the 1st quarter. Vanguard Group Inc. now owns 19,795,482 shares of the industrial products company’s stock valued at $503,201,000 after purchasing an additional 2,840,895 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its stake 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 valued at $137,296,000 after buying an additional 2,152,096 shares in the last quarter. Invesco Ltd. grew its stake in shares of MUELLER WATER PRODUCTS by 21.6% in the first quarter. Invesco Ltd. now owns 4,880,108 shares of the industrial products company’s stock valued at $124,052,000 after buying an additional 865,977 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of MUELLER WATER PRODUCTS by 21.1% in the first quarter. Principal Financial Group Inc. now owns 3,651,340 shares of the industrial products company’s stock valued at $92,817,000 after buying an additional 636,331 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its stake in shares of MUELLER WATER PRODUCTS by 95.4% in the first quarter. Allianz Asset Management GmbH now owns 3,212,850 shares of the industrial products company’s stock valued at $81,671,000 after buying an additional 1,568,247 shares in the last quarter. 91.68% of the stock is currently owned by institutional investors and hedge funds.

MUELLER WATER PRODUCTS Price Performance

Shares of NYSE MWA opened at $25.52 on Wednesday. The stock’s 50-day moving average is $25.72 and its two-hundred day moving average is $25.24. 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 1-year low of $21.17 and a 1-year high of $28.58. The company has a market cap of $3.99 billion, a price-to-earnings ratio of 27.15, a price-to-earnings-growth ratio of 1.33 and a beta of 1.19.

MUELLER WATER PRODUCTS (NYSE:MWA) last announced 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). MUELLER WATER PRODUCTS had a return on equity of 20.89% and a net margin of 10.67%.The company had revenue of $380.30 million for the quarter, compared to analyst estimates of $366.82 million. During the same period in the prior year, the firm posted $0.32 earnings per share. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. MUELLER WATER PRODUCTS has set its FY 2025 guidance at EPS. 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 declared 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 annualized dividend and a yield of 1.1%. The ex-dividend date was Tuesday, August 12th. MUELLER WATER PRODUCTS’s payout ratio is 28.72%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised MUELLER WATER PRODUCTS from a “hold” rating to a “buy” rating in a research report on Saturday, July 12th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $28.33.

Insiders Place Their Bets

In related news, CAO Suzanne G. Smith sold 8,621 shares of the business’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $26.37, for a total transaction of $227,335.77. Following the completion of the transaction, the chief accounting officer owned 761 shares in the company, valued at approximately $20,067.57. The trade was a 91.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 owned 86,163 shares of the company’s stock, valued at approximately $2,253,162.45. The trade was a 21.79% 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 90 days. Corporate insiders own 1.10% of the company’s stock.

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.