MetLife Investment Management LLC Increases Position in MUELLER WATER PRODUCTS $MWA

MetLife Investment Management LLC raised its holdings in shares of MUELLER WATER PRODUCTS (NYSE:MWA) by 482.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 551,824 shares of the industrial products company’s stock after buying an additional 457,011 shares during the period. MetLife Investment Management LLC owned about 0.35% of MUELLER WATER PRODUCTS worth $14,027,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Walleye Capital LLC purchased a new position in shares of MUELLER WATER PRODUCTS during the first quarter valued at approximately $268,000. Axiom Investors LLC DE purchased a new stake in shares of MUELLER WATER PRODUCTS in the first quarter valued at approximately $10,648,000. Van Hulzen Asset Management LLC boosted its holdings in shares of MUELLER WATER PRODUCTS by 0.8% in the first quarter. Van Hulzen Asset Management LLC now owns 64,990 shares of the industrial products company’s stock valued at $1,652,000 after purchasing an additional 519 shares during the period. Kestra Advisory Services LLC purchased a new stake in shares of MUELLER WATER PRODUCTS in the first quarter valued at approximately $1,002,000. Finally, Martingale Asset Management L P boosted its holdings in shares of MUELLER WATER PRODUCTS by 32.1% in the first quarter. Martingale Asset Management L P now owns 102,141 shares of the industrial products company’s stock valued at $2,596,000 after purchasing an additional 24,813 shares during the period. Hedge funds and other institutional investors own 91.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded MUELLER WATER PRODUCTS from a “hold” rating to a “buy” rating in a report on Saturday, July 12th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, MUELLER WATER PRODUCTS presently has an average rating of “Hold” and a consensus target price of $28.33.

MUELLER WATER PRODUCTS Stock Performance

Shares of NYSE:MWA opened at $26.8760 on Tuesday. The company has a market capitalization of $4.20 billion, a price-to-earnings ratio of 28.59, a price-to-earnings-growth ratio of 1.44 and a beta of 1.18. MUELLER WATER PRODUCTS has a 52 week low of $19.23 and a 52 week high of $28.58. The company has a quick ratio of 2.56, a current ratio of 3.86 and a debt-to-equity ratio of 0.48. The firm has a 50 day moving average of $25.01 and a 200 day moving average of $25.29.

MUELLER WATER PRODUCTS (NYSE:MWA) last issued its quarterly earnings data on Monday, August 4th. The industrial products company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). The business had revenue of $380.30 million during the quarter, compared to the consensus estimate of $366.82 million. MUELLER WATER PRODUCTS had a return on equity of 20.89% and a net margin of 10.67%.The business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the firm earned $0.32 EPS. MUELLER WATER PRODUCTS has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that MUELLER WATER PRODUCTS will post 1.24 earnings per share for the current fiscal year.

MUELLER WATER PRODUCTS Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Tuesday, August 12th were paid a $0.067 dividend. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $0.27 dividend on an annualized basis and a yield of 1.0%. MUELLER WATER PRODUCTS’s payout ratio is 28.72%.

Insider Buying and Selling

In related news, CAO Suzanne G. Smith sold 8,621 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $26.37, for a total value of $227,335.77. Following the completion of the transaction, the chief accounting officer owned 761 shares of the company’s stock, valued at $20,067.57. The trade was a 91.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Thomas J. Hansen sold 24,005 shares of the company’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $26.15, for a total value of $627,730.75. Following the transaction, the director directly owned 86,163 shares in the company, valued at approximately $2,253,162.45. The trade was a 21.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

About MUELLER WATER PRODUCTS

Mueller Water Products, Inc manufactures and markets products and services for the transmission, distribution, and measurement of water used by municipalities, and the residential and non-residential construction industries in the United States, Israel, and internationally. It operates in two segments, Water Flow Solutions and Water Management Solutions.