Gamco Investors INC. ET AL Sells 45,957 Shares of Mueller Water Products $MWA

Gamco Investors INC. ET AL decreased its position in Mueller Water Products (NYSE:MWA) by 1.8% during the fourth quarter, Holdings Channel reports. The fund owned 2,566,076 shares of the industrial products company’s stock after selling 45,957 shares during the period. Gamco Investors INC. ET AL’s holdings in Mueller Water Products were worth $61,124,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of MWA. Danske Bank A S lifted its holdings in Mueller Water Products by 266.7% in the fourth quarter. Danske Bank A S now owns 1,100 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 800 shares during the period. Covestor Ltd lifted its holdings in Mueller Water Products by 131.8% in the third quarter. Covestor Ltd now owns 1,050 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 597 shares during the period. Flagship Harbor Advisors LLC bought a new position in Mueller Water Products in the fourth quarter valued at about $34,000. Quarry LP lifted its holdings in Mueller Water Products by 398.0% in the third quarter. Quarry LP now owns 2,196 shares of the industrial products company’s stock valued at $56,000 after acquiring an additional 1,755 shares during the period. Finally, Nisa Investment Advisors LLC lifted its holdings in Mueller Water Products by 31.0% in the third quarter. Nisa Investment Advisors LLC now owns 2,427 shares of the industrial products company’s stock valued at $62,000 after acquiring an additional 575 shares during the period. Institutional investors own 91.68% of the company’s stock.

Insider Buying and Selling

In related news, SVP Todd P. Helms sold 10,720 shares of the stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $27.61, for a total transaction of $295,979.20. Following the completion of the transaction, the senior vice president directly owned 64,477 shares of the company’s stock, valued at approximately $1,780,209.97. This represents a 14.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gregg C. Sengstack purchased 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The shares were purchased at an average cost of $29.58 per share, with a total value of $739,500.00. Following the completion of the purchase, the director owned 25,000 shares of the company’s stock, valued at $739,500. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MWA. Royal Bank Of Canada upped their price target on Mueller Water Products from $30.00 to $31.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 7th. The Goldman Sachs Group restated a “neutral” rating and issued a $29.00 price target on shares of Mueller Water Products in a research report on Wednesday, May 6th. Oppenheimer restated an “outperform” rating and issued a $32.00 price target (up from $30.00) on shares of Mueller Water Products in a research report on Monday, February 9th. Finally, Robert W. Baird set a $33.00 price target on Mueller Water Products in a research report on Friday, February 6th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $31.25.

Mueller Water Products Stock Performance

NYSE:MWA opened at $25.50 on Monday. The company has a current ratio of 4.57, a quick ratio of 2.92 and a debt-to-equity ratio of 0.42. Mueller Water Products has a 12-month low of $22.74 and a 12-month high of $31.00. The stock has a 50-day moving average price of $27.81 and a 200 day moving average price of $26.65. The stock has a market capitalization of $3.99 billion, a P/E ratio of 19.46, a P/E/G ratio of 1.16 and a beta of 1.08.

Mueller Water Products (NYSE:MWA) last released its earnings results on Tuesday, April 21st. The industrial products company reported $2.16 earnings per share (EPS) for the quarter. Mueller Water Products had a return on equity of 22.11% and a net margin of 14.17%.The firm had revenue of $1.19 billion during the quarter. Equities research analysts forecast that Mueller Water Products will post 1.47 EPS for the current fiscal year.

Mueller Water Products Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 20th. Investors of record on Monday, May 11th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Monday, May 11th. This represents a $0.28 dividend on an annualized basis and a yield of 1.1%. Mueller Water Products’s dividend payout ratio is presently 21.37%.

Mueller Water Products Profile

Mueller Water Products, Inc is a leading provider of water infrastructure and flow control products and services designed to help water utilities and municipalities manage, control and measure their water distribution systems. The company’s portfolio includes a comprehensive range of products such as fire hydrants, valves, pipe repair systems, fittings and couplings, along with advanced metering and monitoring solutions. By combining traditional mechanical components with digital technologies, Mueller Water Products addresses the critical need for reliable and sustainable water distribution across North America.

The company’s operations are organized around two primary business segments.