Brown Advisory Inc. Trims Position in Mueller Water Products $MWA

Brown Advisory Inc. lessened its position in shares of Mueller Water Products (NYSE:MWA) by 17.1% in the fourth quarter, Holdings Channel reports. The fund owned 1,161,816 shares of the industrial products company’s stock after selling 238,949 shares during the quarter. Brown Advisory Inc.’s holdings in Mueller Water Products were worth $27,674,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the company. Jupiter Asset Management Ltd. increased its position in Mueller Water Products by 62.3% in the third quarter. Jupiter Asset Management Ltd. now owns 930,230 shares of the industrial products company’s stock worth $23,739,000 after buying an additional 357,087 shares in the last quarter. SG Americas Securities LLC increased its position in Mueller Water Products by 998.6% in the fourth quarter. SG Americas Securities LLC now owns 387,050 shares of the industrial products company’s stock worth $9,220,000 after buying an additional 351,819 shares in the last quarter. Aberdeen Group plc increased its position in Mueller Water Products by 12.9% in the third quarter. Aberdeen Group plc now owns 735,269 shares of the industrial products company’s stock worth $18,632,000 after buying an additional 83,965 shares in the last quarter. Tudor Investment Corp ET AL increased its position in Mueller Water Products by 100.1% in the third quarter. Tudor Investment Corp ET AL now owns 290,960 shares of the industrial products company’s stock worth $7,425,000 after buying an additional 145,578 shares in the last quarter. Finally, Perpetual Ltd increased its position in Mueller Water Products by 10.2% in the fourth quarter. Perpetual Ltd now owns 429,580 shares of the industrial products company’s stock worth $10,233,000 after buying an additional 39,656 shares in the last quarter. Hedge funds and other institutional investors own 91.68% of the company’s stock.

Analyst Upgrades and Downgrades

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. Weiss Ratings restated a “buy (b)” rating on shares of Mueller Water Products in a research report on Tuesday, May 19th. Finally, 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. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $31.25.

Insider Buying and Selling at Mueller Water Products

In other Mueller Water Products news, Director Brian C. Healy purchased 1,166 shares of Mueller Water Products stock in a transaction dated Friday, May 15th. The shares were purchased at an average cost of $25.75 per share, for a total transaction of $30,024.50. Following the completion of the acquisition, the director owned 23,763 shares in the company, valued at $611,897.25. This represents a 5.16% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.10% of the company’s stock.

Mueller Water Products Stock Performance

NYSE MWA opened at $25.76 on Tuesday. The firm has a market cap of $4.03 billion, a price-to-earnings ratio of 19.66, a price-to-earnings-growth ratio of 1.17 and a beta of 1.03. The company has a quick ratio of 2.92, a current ratio of 4.57 and a debt-to-equity ratio of 0.42. The business has a 50-day moving average price of $26.82 and a 200-day moving average price of $26.81. Mueller Water Products has a twelve month low of $22.74 and a twelve month high of $31.00.

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

Mueller Water Products Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Monday, May 11th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was 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.