SG Americas Securities LLC Has $9.22 Million Stake in Mueller Water Products $MWA

SG Americas Securities LLC raised its stake in Mueller Water Products (NYSE:MWA) by 998.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 387,050 shares of the industrial products company’s stock after acquiring an additional 351,819 shares during the quarter. SG Americas Securities LLC’s holdings in Mueller Water Products were worth $9,220,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Assenagon Asset Management S.A. increased its position in Mueller Water Products by 525.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,393,293 shares of the industrial products company’s stock worth $35,557,000 after purchasing an additional 1,170,683 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Mueller Water Products in the third quarter valued at approximately $692,000. Jupiter Asset Management Ltd. boosted 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 valued at $23,739,000 after buying an additional 357,087 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in shares of Mueller Water Products during the third quarter worth $1,781,000. Finally, Elo Mutual Pension Insurance Co increased its holdings in shares of Mueller Water Products by 106.6% during the third quarter. Elo Mutual Pension Insurance Co now owns 71,083 shares of the industrial products company’s stock worth $1,814,000 after buying an additional 36,671 shares in the last quarter. 91.68% of the stock is currently owned by institutional investors and hedge funds.

Mueller Water Products Stock Performance

Shares of Mueller Water Products stock opened at $27.07 on Monday. The stock has a market cap of $4.23 billion, a price-to-earnings ratio of 21.48, a P/E/G ratio of 1.24 and a beta of 1.15. Mueller Water Products has a twelve month low of $22.01 and a twelve month high of $31.00. The company’s fifty day moving average is $28.33 and its 200 day moving average is $26.10. The company has a quick ratio of 2.55, a current ratio of 4.02 and a debt-to-equity ratio of 0.44.

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, topping 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%.Mueller Water Products’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the company earned $0.25 EPS. Sell-side analysts forecast that Mueller Water Products will post 1.24 EPS for the current year.

Mueller Water Products Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Tuesday, February 10th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Tuesday, February 10th. Mueller Water Products’s dividend payout ratio (DPR) is 22.22%.

Insider Buying and Selling

In related news, Director Brian C. Healy acquired 1,125 shares of the business’s stock in a transaction that occurred on Wednesday, January 7th. The shares were bought at an average cost of $24.41 per share, with a total value of $27,461.25. Following the completion of the purchase, the director directly owned 17,925 shares in the company, valued at $437,549.25. The trade was a 6.70% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Todd P. Helms sold 10,720 shares of the company’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 value of $295,979.20. Following the completion of the sale, the senior vice president owned 64,477 shares in the company, valued at $1,780,209.97. The trade was a 14.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Royal Bank Of Canada lifted their price target on Mueller Water Products from $27.00 to $29.00 and gave the company a “sector perform” rating in a research note on Friday, February 6th. Robert W. Baird set a $33.00 price objective on Mueller Water Products 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 report on Monday, February 9th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $31.33.

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.