Versor Investments LP Acquires 19,950 Shares of Mueller Water Products $MWA

Versor Investments LP raised its holdings in Mueller Water Products (NYSE:MWA) by 85.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 43,180 shares of the industrial products company’s stock after buying an additional 19,950 shares during the quarter. Versor Investments LP’s holdings in Mueller Water Products were worth $1,029,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its position in shares of Mueller Water Products by 1.2% during the fourth quarter. Principal Financial Group Inc. now owns 3,262,684 shares of the industrial products company’s stock valued at $77,717,000 after purchasing an additional 37,148 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Mueller Water Products by 11.8% during the third quarter. American Century Companies Inc. now owns 3,118,795 shares of the industrial products company’s stock valued at $79,592,000 after purchasing an additional 330,231 shares in the last quarter. Amundi boosted its position in shares of Mueller Water Products by 112.2% during the third quarter. Amundi now owns 2,267,340 shares of the industrial products company’s stock valued at $58,099,000 after purchasing an additional 1,198,801 shares in the last quarter. Millennium Management LLC lifted its position in Mueller Water Products by 31.7% during the third quarter. Millennium Management LLC now owns 1,727,092 shares of the industrial products company’s stock valued at $44,075,000 after buying an additional 415,654 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Mueller Water Products by 0.5% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,305,231 shares of the industrial products company’s stock valued at $33,309,000 after buying an additional 6,379 shares during the period. 91.68% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MWA has been the subject of several recent research reports. Robert W. Baird set a $33.00 price objective on Mueller Water Products in a research report on Friday, February 6th. Royal Bank Of Canada raised their price objective 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. The Goldman Sachs Group reissued a “neutral” rating and set a $29.00 price objective on shares of Mueller Water Products in a research report on Wednesday, May 6th. Finally, Oppenheimer reissued an “outperform” rating and set a $32.00 price objective (up from $30.00) on shares of Mueller Water Products in a research report on Monday, February 9th. Two equities research 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 an average price target of $31.25.

Insiders Place Their Bets

In other news, Director Gregg C. Sengstack bought 25,000 shares of the stock in a transaction on Wednesday, February 25th. The shares were bought at an average price of $29.58 per share, with a total value of $739,500.00. Following the completion of the acquisition, the director owned 25,000 shares in the company, valued at $739,500. The trade was a ? increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Todd P. Helms sold 10,720 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $27.61, for a total value of $295,979.20. Following the completion of the transaction, the senior vice president directly owned 64,477 shares in the company, valued at $1,780,209.97. The trade was a 14.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.10% of the company’s stock.

Mueller Water Products Trading Down 1.9%

Shares of NYSE:MWA opened at $25.35 on Wednesday. The company has a market cap of $3.97 billion, a P/E ratio of 19.35, a PEG ratio of 1.17 and a beta of 1.08. The company has a debt-to-equity ratio of 0.42, a current ratio of 4.57 and a quick ratio of 2.92. Mueller Water Products has a 1 year low of $22.74 and a 1 year high of $31.00. The stock’s fifty day moving average price is $28.04 and its 200-day moving average price is $26.65.

Mueller Water Products (NYSE:MWA) last announced its quarterly earnings results on Tuesday, April 21st. The industrial products company reported $2.16 earnings per share (EPS) for the quarter. The firm 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%. Sell-side analysts expect that Mueller Water Products will post 1.47 earnings per share for the current year.

Mueller Water Products Dividend Announcement

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

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.