Lightrock Netherlands B.V. Sells 22,000 Shares of Mueller Water Products $MWA

Lightrock Netherlands B.V. trimmed its position in Mueller Water Products (NYSE:MWA) by 4.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 474,784 shares of the industrial products company’s stock after selling 22,000 shares during the quarter. Mueller Water Products accounts for 1.3% of Lightrock Netherlands B.V.’s holdings, making the stock its 19th largest holding. Lightrock Netherlands B.V. owned about 0.30% of Mueller Water Products worth $13,052,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in MWA. State Street Corp raised its holdings in shares of Mueller Water Products by 4.2% in the fourth quarter. State Street Corp now owns 6,165,849 shares of the industrial products company’s stock valued at $146,871,000 after acquiring an additional 250,461 shares in the last quarter. First Trust Advisors LP grew its holdings in Mueller Water Products by 8.4% during the 4th quarter. First Trust Advisors LP now owns 4,506,486 shares of the industrial products company’s stock worth $107,344,000 after acquiring an additional 350,837 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Mueller Water Products by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,613,397 shares of the industrial products company’s stock worth $86,075,000 after acquiring an additional 22,056 shares in the last quarter. Principal Financial Group Inc. increased its position in Mueller Water Products by 1.2% during the 4th quarter. Principal Financial Group Inc. now owns 3,262,684 shares of the industrial products company’s stock valued at $77,717,000 after purchasing an additional 37,148 shares during the period. Finally, Franklin Resources Inc. increased its position in Mueller Water Products by 6.0% during the 4th quarter. Franklin Resources Inc. now owns 3,241,253 shares of the industrial products company’s stock valued at $77,207,000 after purchasing an additional 182,905 shares during the period. Institutional investors own 91.68% of the company’s stock.

Mueller Water Products Stock Performance

MWA stock opened at $25.89 on Friday. The firm has a market cap of $4.05 billion, a price-to-earnings ratio of 19.76, a PEG ratio of 1.13 and a beta of 1.03. The firm has a 50-day simple moving average of $25.52 and a two-hundred day simple moving average of $26.96. Mueller Water Products has a one year low of $22.74 and a one year high of $31.00. 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 data 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 for the quarter. Mueller Water Products had a net margin of 14.17% and a return on equity of 22.11%. On average, equities analysts forecast that Mueller Water Products will post 1.47 EPS for the current fiscal year.

Mueller Water Products Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Monday, May 11th were given a dividend of $0.07 per share. 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%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on MWA shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Mueller Water Products in a research report on Tuesday, May 19th. Barclays assumed coverage on shares of Mueller Water Products in a report on Tuesday, June 30th. They set an “underweight” rating and a $25.00 price objective on the stock. Wall Street Zen downgraded shares of Mueller Water Products from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Royal Bank Of Canada upped their target price on Mueller Water Products from $30.00 to $31.00 and gave the stock a “sector perform” rating in a report on Thursday, May 7th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $29.00 target price on shares of Mueller Water Products in a research report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Mueller Water Products has a consensus rating of “Hold” and a consensus target price of $30.00.

Insider Activity at Mueller Water Products

In other Mueller Water Products news, Director Brian C. Healy acquired 1,183 shares of the stock in a transaction dated Tuesday, July 7th. The stock was purchased at an average price of $25.33 per share, with a total value of $29,965.39. Following the transaction, the director directly owned 24,946 shares of the company’s stock, valued at $631,882.18. This trade represents a 4.98% increase in their ownership of the stock. The acquisition was disclosed in a legal filing 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.

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.