Thrivent Financial for Lutherans Sells 35,998 Shares of Mueller Water Products $MWA

Thrivent Financial for Lutherans decreased its holdings in shares of Mueller Water Products (NYSE:MWA) by 7.5% during the 4th quarter, Holdings Channel reports. The firm owned 444,303 shares of the industrial products company’s stock after selling 35,998 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Mueller Water Products were worth $10,583,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Danske Bank A S boosted its position in shares of Mueller Water Products by 266.7% during the 4th quarter. Danske Bank A S now owns 1,100 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 800 shares in the last quarter. Covestor Ltd boosted its position in shares of Mueller Water Products by 131.8% during the 3rd quarter. Covestor Ltd now owns 1,050 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 597 shares in the last quarter. Flagship Harbor Advisors LLC bought a new stake in shares of Mueller Water Products during the 4th quarter valued at about $34,000. Quarry LP boosted its position in shares of Mueller Water Products by 398.0% during the 3rd quarter. Quarry LP now owns 2,196 shares of the industrial products company’s stock valued at $56,000 after purchasing an additional 1,755 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Mueller Water Products by 677.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,204 shares of the industrial products company’s stock valued at $77,000 after purchasing an additional 2,792 shares in the last quarter. Institutional investors own 91.68% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Transactions at Mueller Water Products

In related news, Director Brian C. Healy acquired 1,166 shares of the stock in a transaction dated Friday, May 15th. The stock was purchased at an average cost of $25.75 per share, with a total value of $30,024.50. Following the completion of the purchase, the director directly owned 23,763 shares in the company, valued at $611,897.25. This trade represents a 5.16% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gregg C. Sengstack acquired 25,000 shares of the stock in a transaction dated Wednesday, February 25th. The stock was bought 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 approximately $739,500. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 1.10% of the company’s stock.

Mueller Water Products Stock Down 2.8%

MWA stock opened at $25.01 on Wednesday. The stock’s 50 day simple moving average is $27.68 and its 200 day simple moving average is $26.64. Mueller Water Products has a fifty-two week low of $22.74 and a fifty-two week high of $31.00. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.92 and a current ratio of 4.57. The company has a market cap of $3.91 billion, a P/E ratio of 19.09, a price-to-earnings-growth ratio of 1.17 and a beta of 1.08.

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

Mueller Water Products Dividend Announcement

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

Mueller Water Products Company 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.