Allspring Global Investments Holdings LLC Buys 74,436 Shares of Mueller Water Products $MWA

Allspring Global Investments Holdings LLC grew its stake in shares of Mueller Water Products (NYSE:MWA) by 47.2% during the 1st quarter, Holdings Channel.com reports. The firm owned 232,163 shares of the industrial products company’s stock after buying an additional 74,436 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Mueller Water Products were worth $6,514,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Danske Bank A S grew its position in Mueller Water Products by 266.7% in the 4th quarter. Danske Bank A S now owns 1,100 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 800 shares during the period. Strive Financial Group LLC acquired a new position in Mueller Water Products during the fourth quarter worth $26,000. Smartleaf Asset Management LLC raised its holdings in Mueller Water Products by 47.0% during 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 bought a new position in shares of Mueller Water Products in the fourth quarter valued at $34,000. Finally, Steward Partners Investment Advisory LLC lifted its stake in shares of Mueller Water Products by 44.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,517 shares of the industrial products company’s stock valued at $36,000 after buying an additional 469 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 MWA stock opened at $24.87 on Friday. 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 firm has a market cap of $3.89 billion, a price-to-earnings ratio of 18.98, a P/E/G ratio of 1.13 and a beta of 1.03. Mueller Water Products has a 52 week low of $22.74 and a 52 week high of $31.00. The firm’s 50-day simple moving average is $25.44 and its two-hundred day simple moving average is $26.99.

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

Mueller Water Products Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. The Goldman Sachs Group reiterated a “neutral” rating and set a $29.00 price objective on shares of Mueller Water Products in a report on Wednesday, May 6th. Wall Street Zen lowered shares of Mueller Water Products from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Barclays began coverage on shares of Mueller Water Products in a research report on Tuesday, June 30th. They issued an “underweight” rating and a $25.00 price target on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Mueller Water Products in a report on Tuesday, May 19th. Finally, Royal Bank Of Canada raised their price target on shares of 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 investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $30.00.

Insiders Place Their Bets

In other news, Director Brian C. Healy acquired 1,183 shares of Mueller Water Products stock in a transaction on Tuesday, July 7th. The stock was acquired at an average cost of $25.33 per share, with a total value of $29,965.39. Following the completion of the acquisition, the director owned 24,946 shares in the company, valued at approximately $631,882.18. This trade represents a 4.98% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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.