Tudor Investment Corp ET AL Boosts Stake in Mueller Water Products $MWA

Tudor Investment Corp ET AL increased its holdings in shares of Mueller Water Products (NYSE:MWA) by 100.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 290,960 shares of the industrial products company’s stock after acquiring an additional 145,578 shares during the quarter. Tudor Investment Corp ET AL owned about 0.19% of Mueller Water Products worth $7,425,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Invesco Ltd. lifted its stake in Mueller Water Products by 19.4% in the 2nd quarter. Invesco Ltd. now owns 5,825,366 shares of the industrial products company’s stock worth $140,042,000 after purchasing an additional 945,258 shares in the last quarter. First Trust Advisors LP grew its position in shares of Mueller Water Products by 66.1% in the second quarter. First Trust Advisors LP now owns 5,535,000 shares of the industrial products company’s stock valued at $133,061,000 after purchasing an additional 2,203,088 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Mueller Water Products by 11.8% in the third 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. Amundi increased its holdings in shares of Mueller Water Products by 112.2% in the third quarter. Amundi now owns 2,267,340 shares of the industrial products company’s stock valued at $58,099,000 after purchasing an additional 1,198,801 shares during the last quarter. Finally, Millennium Management LLC lifted its position in Mueller Water Products by 31.7% during the third quarter. Millennium Management LLC now owns 1,727,092 shares of the industrial products company’s stock worth $44,075,000 after buying an additional 415,654 shares in the last quarter. Hedge funds and other institutional investors own 91.68% of the company’s stock.

Insider Buying and Selling

In other news, Director Brian C. Healy purchased 1,125 shares of the firm’s stock in a transaction on Wednesday, January 7th. The shares were bought at an average cost of $24.41 per share, for a total transaction of $27,461.25. Following the completion of the purchase, the director directly owned 17,925 shares of the company’s stock, valued at approximately $437,549.25. This trade represents a 6.70% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Todd P. Helms sold 10,720 shares of the firm’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $27.61, for a total value of $295,979.20. Following the transaction, the senior vice president owned 64,477 shares of the company’s stock, valued at approximately $1,780,209.97. This represents 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 currently owned by corporate insiders.

Mueller Water Products Stock Up 2.6%

Shares of NYSE:MWA opened at $27.94 on Tuesday. The company has a market capitalization of $4.37 billion, a price-to-earnings ratio of 22.17, a PEG ratio of 1.25 and a beta of 1.15. Mueller Water Products has a 12-month low of $22.01 and a 12-month high of $31.00. The business has a 50-day moving average price of $28.18 and a 200 day moving average price of $26.04. The company has a current ratio of 4.02, a quick ratio of 2.55 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 for the quarter, topping the consensus estimate of $0.27 by $0.02. Mueller Water Products had a net margin of 13.83% and a return on equity of 22.34%. The company had revenue of $318.20 million during the quarter, compared to analyst estimates of $315.26 million. During the same quarter last year, the firm posted $0.25 earnings per share. Mueller Water Products’s revenue was up 4.6% compared to the same quarter last year. Sell-side analysts expect that Mueller Water Products will post 1.24 EPS for the current year.

Mueller Water Products Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MWA. Robert W. Baird set a $33.00 price objective on Mueller Water Products in a research note on Friday, February 6th. Oppenheimer reiterated an “outperform” rating and set a $32.00 price target (up from $30.00) on shares of Mueller Water Products in a report on Monday, February 9th. Finally, Royal Bank Of Canada boosted their price target on shares of Mueller Water Products from $27.00 to $29.00 and gave the company a “sector perform” rating in a research report on Friday, February 6th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Mueller Water Products presently has an average rating of “Moderate Buy” and an average price target of $31.33.

About Mueller Water Products

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.