New York State Common Retirement Fund Sells 27,986 Shares of Mueller Water Products $MWA

New York State Common Retirement Fund lowered its stake in Mueller Water Products (NYSE:MWA) by 16.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 142,110 shares of the industrial products company’s stock after selling 27,986 shares during the quarter. New York State Common Retirement Fund’s holdings in Mueller Water Products were worth $3,627,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Covestor Ltd lifted its position in shares of 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 buying an additional 597 shares in the last quarter. Cullen Frost Bankers Inc. increased its stake in Mueller Water Products by 112.5% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 1,294 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 685 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in Mueller Water Products by 31.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,427 shares of the industrial products company’s stock worth $62,000 after acquiring an additional 575 shares during the last quarter. Creative Financial Designs Inc. ADV raised its holdings in shares of Mueller Water Products by 355.4% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 2,842 shares of the industrial products company’s stock worth $68,000 after acquiring an additional 2,218 shares in the last quarter. Finally, AlphaQuest LLC bought a new position in shares of Mueller Water Products during the 2nd quarter valued at approximately $71,000. Hedge funds and other institutional investors own 91.68% of the company’s stock.

Mueller Water Products Stock Performance

Shares of NYSE:MWA opened at $29.17 on Friday. The company has a current ratio of 4.02, a quick ratio of 2.41 and a debt-to-equity ratio of 0.44. Mueller Water Products has a 12 month low of $22.01 and a 12 month high of $29.24. The company has a market capitalization of $4.56 billion, a price-to-earnings ratio of 23.15, a PEG ratio of 1.38 and a beta of 1.17. The firm’s 50-day moving average is $25.46 and its 200 day moving average is $25.37.

Mueller Water Products (NYSE:MWA) last announced its earnings results on Wednesday, February 4th. The industrial products company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.02. The business had revenue of $318.20 million during the quarter, compared to analyst estimates of $315.26 million. Mueller Water Products had a return on equity of 22.34% and a net margin of 13.83%.The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.25 earnings per share. Research analysts predict that Mueller Water Products will post 1.24 EPS for the current year.

Mueller Water Products Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 20th. Shareholders of record on Tuesday, February 10th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Tuesday, February 10th. Mueller Water Products’s dividend payout ratio is 22.22%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Robert W. Baird set a $33.00 target price on shares of Mueller Water Products in a report on Friday. Royal Bank Of Canada boosted their target price 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. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $31.00.

Insiders Place Their Bets

In other news, SVP Todd P. Helms sold 15,094 shares of Mueller Water Products stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $24.62, for a total transaction of $371,614.28. Following the completion of the sale, the senior vice president directly owned 85,917 shares in the company, valued at approximately $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 can be accessed through this link. Also, Director Brian C. Healy purchased 1,125 shares of the business’s stock in a transaction dated Wednesday, January 7th. The stock was bought at an average price of $24.41 per share, for a total transaction of $27,461.25. Following the completion of the acquisition, 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 position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 1.10% of the company’s stock.

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.