Van Berkom & Associates Inc. Invests $939,000 in Mueller Water Products $MWA

Van Berkom & Associates Inc. acquired a new position in Mueller Water Products (NYSE:MWA) during the 1st quarter, HoldingsChannel.com reports. The firm acquired 34,163 shares of the industrial products company’s stock, valued at approximately $939,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Tudor Investment Corp ET AL raised its position in shares of Mueller Water Products by 100.1% during the 3rd quarter. Tudor Investment Corp ET AL now owns 290,960 shares of the industrial products company’s stock valued at $7,425,000 after buying an additional 145,578 shares in the last quarter. SG Americas Securities LLC grew its position in Mueller Water Products by 998.6% in the fourth quarter. SG Americas Securities LLC now owns 387,050 shares of the industrial products company’s stock worth $9,220,000 after acquiring an additional 351,819 shares in the last quarter. Vest Financial LLC bought a new position in Mueller Water Products in the fourth quarter valued at $1,517,000. Fiduciary Management Inc. WI bought a new position in Mueller Water Products in the fourth quarter valued at $75,400,000. Finally, Perpetual Ltd raised its position in Mueller Water Products by 10.2% during the fourth quarter. Perpetual Ltd now owns 429,580 shares of the industrial products company’s stock valued at $10,233,000 after purchasing an additional 39,656 shares in the last quarter. 91.68% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Mueller Water Products

In other news, Director Brian C. Healy bought 1,183 shares of the business’s stock in a transaction dated Tuesday, July 7th. The shares were purchased at an average price of $25.33 per share, for a total transaction of $29,965.39. Following the completion of the acquisition, the director owned 24,946 shares of the company’s stock, valued at approximately $631,882.18. This trade represents a 4.98% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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 Stock Up 0.2%

MWA opened at $25.51 on Monday. Mueller Water Products has a 12 month low of $22.74 and a 12 month high of $31.00. The company has a current ratio of 4.57, a quick ratio of 2.92 and a debt-to-equity ratio of 0.42. The business’s 50-day moving average price is $25.50 and its 200-day moving average price is $26.97. The company has a market cap of $3.99 billion, a P/E ratio of 19.48, a P/E/G ratio of 1.15 and a beta of 1.03.

Mueller Water Products (NYSE:MWA) last issued 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 return on equity of 22.11% and a net margin of 14.17%.The company had revenue of $1.19 billion during the quarter. On average, equities analysts expect that Mueller Water Products will post 1.47 EPS for the current year.

Mueller Water Products Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MWA. The Goldman Sachs Group reiterated a “neutral” rating and issued a $29.00 price objective on shares of Mueller Water Products in a report on Wednesday, May 6th. Barclays initiated coverage on Mueller Water Products in a research report on Tuesday, June 30th. They issued an “underweight” rating and a $25.00 target price for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Mueller Water Products in a research note on Tuesday, May 19th. Wall Street Zen cut shares of Mueller Water Products from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Finally, Royal Bank Of Canada lifted their price target on shares of Mueller Water Products from $30.00 to $31.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 7th. Two equities research 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 MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $30.00.

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.