SG Americas Securities LLC Reduces Holdings in Mueller Water Products $MWA

SG Americas Securities LLC trimmed its holdings in shares of Mueller Water Products (NYSE:MWA) by 76.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 35,231 shares of the industrial products company’s stock after selling 115,283 shares during the quarter. SG Americas Securities LLC’s holdings in Mueller Water Products were worth $899,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in MWA. Yousif Capital Management LLC grew its position in shares of Mueller Water Products by 1.1% during the 2nd quarter. Yousif Capital Management LLC now owns 59,034 shares of the industrial products company’s stock valued at $1,419,000 after acquiring an additional 618 shares during the period. Envestnet Portfolio Solutions Inc. raised its holdings in Mueller Water Products by 5.9% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 11,953 shares of the industrial products company’s stock worth $287,000 after purchasing an additional 661 shares during the period. Cullen Frost Bankers Inc. lifted its position in Mueller Water Products by 112.5% during the second quarter. Cullen Frost Bankers Inc. now owns 1,294 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 685 shares in the last quarter. Axxcess Wealth Management LLC grew its holdings in Mueller Water Products by 2.1% during the second quarter. Axxcess Wealth Management LLC now owns 37,586 shares of the industrial products company’s stock valued at $904,000 after purchasing an additional 783 shares during the period. Finally, TD Private Client Wealth LLC increased its position in Mueller Water Products by 8.3% in the second quarter. TD Private Client Wealth LLC now owns 10,687 shares of the industrial products company’s stock worth $257,000 after buying an additional 822 shares in the last quarter. 91.68% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Insider Activity at Mueller Water Products

In other Mueller Water Products news, SVP Todd P. Helms sold 15,094 shares of the company’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 represents a 14.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Brian C. Healy acquired 1,125 shares of Mueller Water Products stock in a transaction dated Wednesday, January 7th. The shares were bought at an average price of $24.41 per share, for a total transaction of $27,461.25. Following the transaction, the director owned 17,925 shares of the company’s stock, valued at approximately $437,549.25. The trade was a 6.70% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 1.10% of the company’s stock.

Mueller Water Products Trading Up 0.0%

Shares of Mueller Water Products stock opened at $26.37 on Tuesday. Mueller Water Products has a fifty-two week low of $22.01 and a fifty-two week high of $28.58. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.41 and a current ratio of 3.54. The company has a market capitalization of $4.12 billion, a P/E ratio of 21.79, a P/E/G ratio of 1.24 and a beta of 1.18. The company has a fifty day moving average of $24.46 and a 200 day moving average of $25.15.

Mueller Water Products (NYSE:MWA) last announced its quarterly earnings data on Thursday, November 6th. The industrial products company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.34 by $0.04. The business had revenue of $380.80 million for the quarter, compared to the consensus estimate of $362.32 million. Mueller Water Products had a return on equity of 22.75% and a net margin of 13.41%.The business’s revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.22 earnings per share. On average, sell-side analysts anticipate that Mueller Water Products will post 1.24 earnings per share for the current fiscal year.

Mueller Water Products Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Monday, November 10th were issued a $0.07 dividend. The ex-dividend date of this dividend was Monday, November 10th. This represents a $0.28 dividend on an annualized basis and a yield of 1.1%. This is a boost from Mueller Water Products’s previous quarterly dividend of $0.07. Mueller Water Products’s payout ratio is presently 23.14%.

Mueller Water Products 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.