Elo Mutual Pension Insurance Co Raises Stock Holdings in Mueller Water Products $MWA

Elo Mutual Pension Insurance Co grew its position in Mueller Water Products (NYSE:MWA) by 106.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 71,083 shares of the industrial products company’s stock after acquiring an additional 36,671 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Mueller Water Products were worth $1,814,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of MWA. American Century Companies Inc. raised its position in Mueller Water Products by 11.8% in the 3rd 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 during the last quarter. Quantbot Technologies LP raised its holdings in shares of Mueller Water Products by 1,049.5% in the third quarter. Quantbot Technologies LP now owns 143,624 shares of the industrial products company’s stock valued at $3,665,000 after buying an additional 131,129 shares during the last quarter. Caitlin John LLC boosted its stake in shares of Mueller Water Products by 2.7% during the third quarter. Caitlin John LLC now owns 44,415 shares of the industrial products company’s stock worth $1,133,000 after buying an additional 1,186 shares during the period. Creative Financial Designs Inc. ADV grew its holdings in shares of Mueller Water Products by 71.5% during the third quarter. Creative Financial Designs Inc. ADV now owns 4,875 shares of the industrial products company’s stock worth $124,000 after buying an additional 2,033 shares during the last quarter. Finally, R Squared Ltd purchased a new position in shares of Mueller Water Products during the third quarter worth about $211,000. 91.68% of the stock is owned by institutional investors and hedge funds.

Mueller Water Products Stock Performance

NYSE MWA opened at $29.54 on Thursday. The company has a current ratio of 4.02, a quick ratio of 2.55 and a debt-to-equity ratio of 0.44. The business’s 50 day moving average is $27.32 and its two-hundred day moving average is $25.93. Mueller Water Products has a 12-month low of $22.01 and a 12-month high of $31.00. The stock has a market capitalization of $4.62 billion, a price-to-earnings ratio of 23.44, a PEG ratio of 1.35 and a beta of 1.15.

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 the consensus estimate of $0.27 by $0.02. Mueller Water Products had a return on equity of 22.34% and a net margin of 13.83%.The business had revenue of $318.20 million during the quarter, compared to analysts’ expectations of $315.26 million. During the same period last year, the firm earned $0.25 EPS. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. Research analysts expect that Mueller Water Products will post 1.24 EPS for the current year.

Mueller Water Products Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Tuesday, February 10th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Tuesday, February 10th. Mueller Water Products’s payout ratio is presently 22.22%.

Analysts Set New Price Targets

Several analysts have commented on the company. Robert W. Baird set a $33.00 price objective on Mueller Water Products in a research note on Friday, February 6th. Royal Bank Of Canada upped their price target on Mueller Water Products from $27.00 to $29.00 and gave the stock a “sector perform” rating in a research note on Friday, February 6th. Finally, Oppenheimer reiterated an “outperform” rating and issued 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 one has given a Hold rating to the company. According to data from MarketBeat.com, Mueller Water Products currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.33.

Insider Transactions at Mueller Water Products

In related news, Director Gregg C. Sengstack acquired 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The shares were purchased 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 approximately $739,500. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Todd P. Helms sold 10,720 shares of the company’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $29.72, for a total transaction of $318,598.40. Following the transaction, the senior vice president owned 75,197 shares in the company, valued at $2,234,854.84. The trade was a 12.48% 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.

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.