SG Americas Securities LLC Sells 354,047 Shares of Mueller Water Products $MWA

SG Americas Securities LLC lowered its holdings in Mueller Water Products (NYSE:MWA) by 91.5% during the 1st quarter, HoldingsChannel.com reports. The fund owned 33,003 shares of the industrial products company’s stock after selling 354,047 shares during the quarter. SG Americas Securities LLC’s holdings in Mueller Water Products were worth $907,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MWA. Danske Bank A S boosted its position in Mueller Water Products by 266.7% during the fourth quarter. Danske Bank A S now owns 1,100 shares of the industrial products company’s stock valued at $26,000 after buying an additional 800 shares during the period. Strive Financial Group LLC bought a new stake in shares of Mueller Water Products in the fourth quarter worth about $26,000. Smartleaf Asset Management LLC increased its holdings in Mueller Water Products by 47.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,323 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 423 shares during the period. Flagship Harbor Advisors LLC bought a new position in Mueller Water Products during the 4th quarter valued at approximately $34,000. Finally, Steward Partners Investment Advisory LLC raised its position in 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 purchasing an additional 469 shares during the last quarter. 91.68% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Mueller Water Products

In related news, Director Brian C. Healy bought 1,166 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were purchased at an average cost of $25.75 per share, with a total value of $30,024.50. Following the completion of the purchase, the director owned 23,763 shares in the company, valued at approximately $611,897.25. The trade was a 5.16% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. The Goldman Sachs Group reiterated a “neutral” rating and issued a $29.00 price objective on shares of Mueller Water Products in a research report on Wednesday, May 6th. Barclays initiated coverage on Mueller Water Products in a report on Tuesday, June 30th. They set an “underweight” rating and a $25.00 target price for the company. Royal Bank Of Canada lifted 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 report on Thursday, May 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Mueller Water Products in a research report on Tuesday, May 19th. Finally, Wall Street Zen lowered shares of Mueller Water Products from a “buy” rating to a “hold” rating in a research note on Saturday. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $30.00.

Mueller Water Products Price Performance

Shares of NYSE MWA opened at $24.98 on Monday. Mueller Water Products has a fifty-two week low of $22.74 and a fifty-two week high of $31.00. The company has a 50 day simple moving average of $26.02 and a two-hundred day simple moving average of $26.94. The company has a market capitalization of $3.91 billion, a price-to-earnings ratio of 19.07, a P/E/G ratio of 1.13 and a beta of 1.03. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.92 and a current ratio of 4.57.

Mueller Water Products (NYSE:MWA) last issued its quarterly earnings results on Tuesday, April 21st. The industrial products company reported $2.16 EPS for the quarter. The firm had revenue of $1.19 billion for the quarter. Mueller Water Products had a return on equity of 22.11% and a net margin of 14.17%. Analysts expect that Mueller Water Products will post 1.47 EPS 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. Shareholders of record on Monday, May 11th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Monday, May 11th. Mueller Water Products’s payout ratio is 21.37%.

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.