29,317 Shares in Mueller Water Products $MWA Acquired by OP Asset Management Ltd

OP Asset Management Ltd acquired a new stake in shares of Mueller Water Products (NYSE:MWA) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 29,317 shares of the industrial products company’s stock, valued at approximately $806,000.

Several other hedge funds also recently modified their holdings of the business. Danske Bank A S boosted 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 in the last quarter. Strive Financial Group LLC acquired a new stake in shares of Mueller Water Products in the fourth quarter worth about $26,000. Smartleaf Asset Management LLC lifted its position in shares of Mueller Water Products by 47.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,323 shares of the industrial products company’s stock worth $32,000 after buying an additional 423 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new position in shares of Mueller Water Products during the 4th quarter valued at about $34,000. Finally, Steward Partners Investment Advisory LLC increased its holdings in shares of Mueller Water Products by 44.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,517 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 469 shares during the last quarter. Institutional investors and hedge funds own 91.68% of the company’s stock.

Insider Activity at Mueller Water Products

In related news, Director Brian C. Healy purchased 1,166 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were acquired at an average price of $25.75 per share, with a total value of $30,024.50. Following the purchase, the director directly owned 23,763 shares in the company, valued at $611,897.25. This represents a 5.16% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.10% of the stock is owned by company insiders.

Mueller Water Products Price Performance

NYSE:MWA opened at $26.14 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.92 and a current ratio of 4.57. The company has a 50-day moving average of $26.24 and a 200-day moving average of $26.93. Mueller Water Products has a 52 week low of $22.74 and a 52 week high of $31.00. The company has a market capitalization of $4.09 billion, a price-to-earnings ratio of 19.95, a PEG ratio of 1.21 and a beta of 1.03.

Mueller Water Products (NYSE:MWA) last posted its quarterly earnings results on Tuesday, April 21st. The industrial products company reported $2.16 earnings per share (EPS) for the quarter. The firm had revenue of $1.19 billion during the quarter. Mueller Water Products had a net margin of 14.17% and a return on equity of 22.11%. As a group, equities research analysts anticipate that Mueller Water Products will post 1.47 earnings per share for the current fiscal year.

Mueller Water Products Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Monday, May 11th were issued a $0.07 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.1%. Mueller Water Products’s dividend payout ratio is presently 21.37%.

Wall Street Analyst Weigh In

Several brokerages recently commented on MWA. Weiss Ratings reiterated a “buy (b)” rating on shares of Mueller Water Products in a report on Tuesday, May 19th. The Goldman Sachs Group restated a “neutral” rating and set a $29.00 price target on shares of Mueller Water Products in a report on Wednesday, May 6th. Finally, Royal Bank Of Canada raised their price target on Mueller Water Products from $30.00 to $31.00 and gave the company a “sector perform” rating in a research report on Thursday, May 7th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $31.25.

Mueller Water Products Company 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.