Lightrock Netherlands B.V. Sells 19,000 Shares of Mueller Water Products $MWA

Lightrock Netherlands B.V. trimmed its holdings in Mueller Water Products (NYSE:MWA) by 4.1% in the third quarter, Holdings Channel reports. The fund owned 445,784 shares of the industrial products company’s stock after selling 19,000 shares during the period. Mueller Water Products accounts for about 2.5% of Lightrock Netherlands B.V.’s portfolio, making the stock its 16th biggest position. Lightrock Netherlands B.V.’s holdings in Mueller Water Products were worth $11,376,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of MWA. Assenagon Asset Management S.A. lifted its stake in Mueller Water Products by 525.9% in the third quarter. Assenagon Asset Management S.A. now owns 1,393,293 shares of the industrial products company’s stock valued at $35,557,000 after buying an additional 1,170,683 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Mueller Water Products by 8.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 282,878 shares of the industrial products company’s stock worth $6,800,000 after acquiring an additional 22,718 shares during the period. Triodos Investment Management BV raised its holdings in shares of Mueller Water Products by 2.6% during the second quarter. Triodos Investment Management BV now owns 1,080,000 shares of the industrial products company’s stock worth $25,963,000 after acquiring an additional 27,500 shares during the period. Duff & Phelps Investment Management Co. lifted its position in Mueller Water Products by 20.7% in the 2nd quarter. Duff & Phelps Investment Management Co. now owns 500,405 shares of the industrial products company’s stock valued at $12,030,000 after acquiring an additional 85,785 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in Mueller Water Products in the 2nd quarter worth $3,618,000. Institutional investors and hedge funds own 91.68% of the company’s stock.

Insider Activity at Mueller Water Products

In other Mueller Water Products news, SVP Todd P. Helms sold 15,094 shares of the firm’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $24.62, for a total value of $371,614.28. Following the completion of the transaction, the senior vice president directly owned 85,917 shares in the company, valued at $2,115,276.54. This trade represents a 14.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Brian C. Healy purchased 1,125 shares of the stock in a transaction on Wednesday, January 7th. The shares were bought at an average cost of $24.41 per share, for a total transaction of $27,461.25. Following the transaction, the director directly owned 17,925 shares in the company, valued at approximately $437,549.25. The trade was a 6.70% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Mueller Water Products in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $29.00.

Mueller Water Products Stock Performance

Shares of MWA opened at $26.57 on Friday. The stock has a market capitalization of $4.15 billion, a price-to-earnings ratio of 21.96, a PEG ratio of 1.26 and a beta of 1.18. Mueller Water Products has a 12 month low of $22.01 and a 12 month high of $28.58. The firm has a fifty day simple moving average of $24.72 and a 200 day simple moving average of $25.20. The company has a current ratio of 3.54, a quick ratio of 2.41 and a debt-to-equity ratio of 0.46.

Mueller Water Products (NYSE:MWA) last issued its quarterly earnings results on Thursday, November 6th. The industrial products company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.34 by $0.04. Mueller Water Products had a net margin of 13.41% and a return on equity of 22.75%. The firm had revenue of $380.80 million for the quarter, compared to analysts’ expectations of $362.32 million. During the same period in the previous year, the firm posted $0.22 EPS. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. Research analysts forecast that Mueller Water Products will post 1.24 EPS for the current fiscal year.

Mueller Water Products Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 20th. Investors of record on Tuesday, February 10th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.1%. The ex-dividend date is Tuesday, February 10th. Mueller Water Products’s dividend payout ratio is presently 23.14%.

About Mueller Water Products

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.