Mcdonald Partners LLC Increases Position in Mueller Water Products $MWA

Mcdonald Partners LLC boosted its holdings in Mueller Water Products (NYSE:MWA) by 20.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 152,245 shares of the industrial products company’s stock after acquiring an additional 26,145 shares during the quarter. Mueller Water Products comprises about 1.1% of Mcdonald Partners LLC’s portfolio, making the stock its 22nd largest holding. Mcdonald Partners LLC’s holdings in Mueller Water Products were worth $3,626,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Danske Bank A S grew 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 worth $26,000 after purchasing an additional 800 shares during the period. Covestor Ltd grew 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 worth $27,000 after purchasing an additional 597 shares during the period. Flagship Harbor Advisors LLC purchased a new stake in Mueller Water Products in the fourth quarter worth about $34,000. Quarry LP grew 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 worth $56,000 after purchasing an additional 1,755 shares during the period. Finally, Nisa Investment Advisors LLC grew 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 worth $62,000 after purchasing an additional 575 shares during the period. Hedge funds and other institutional investors own 91.68% of the company’s stock.

Mueller Water Products Trading Down 1.8%

NYSE:MWA opened at $27.39 on Friday. The company’s 50 day moving average price is $28.45 and its 200-day moving average price is $26.60. Mueller Water Products has a 52 week low of $22.74 and a 52 week high of $31.00. The company has a quick ratio of 2.55, a current ratio of 4.02 and a debt-to-equity ratio of 0.44. The stock has a market cap of $4.28 billion, a price-to-earnings ratio of 21.73, a PEG ratio of 1.26 and a beta of 1.08.

Mueller Water Products (NYSE:MWA) last posted its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. Mueller Water Products had a net margin of 13.83% and a return on equity of 22.34%. The firm had revenue of $318.20 million for the quarter, compared to analysts’ expectations of $315.26 million. During the same quarter in the prior year, the company posted $0.25 earnings per share. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. On average, equities research analysts forecast that Mueller Water Products will post 1.45 earnings per share 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. Stockholders of record on Monday, May 11th will be issued a dividend of $0.07 per share. The ex-dividend date is Monday, May 11th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.0%. Mueller Water Products’s dividend payout ratio is presently 22.22%.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on MWA shares. Oppenheimer restated an “outperform” rating and issued a $32.00 price objective (up from $30.00) on shares of Mueller Water Products in a report on Monday, February 9th. Royal Bank Of Canada upped their price objective on shares of Mueller Water Products from $27.00 to $29.00 and gave the stock a “sector perform” rating in a report on Friday, February 6th. Finally, Robert W. Baird set a $33.00 price objective on shares of Mueller Water Products in a report on Friday, February 6th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $31.33.

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.