Grandeur Peak Global Advisors LLC Acquires New Shares in Mueller Water Products $MWA

Grandeur Peak Global Advisors LLC acquired a new position in shares of Mueller Water Products (NYSE:MWA) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 175,070 shares of the industrial products company’s stock, valued at approximately $4,522,000. Mueller Water Products comprises about 1.1% of Grandeur Peak Global Advisors LLC’s holdings, making the stock its 21st biggest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. Royal Bank of Canada boosted its stake in shares of Mueller Water Products by 25.3% during the first quarter. Royal Bank of Canada now owns 153,043 shares of the industrial products company’s stock valued at $3,890,000 after purchasing an additional 30,862 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Mueller Water Products by 87.2% in the first quarter. AQR Capital Management LLC now owns 122,472 shares of the industrial products company’s stock valued at $3,113,000 after buying an additional 57,053 shares during the period. Great Lakes Advisors LLC acquired a new position in shares of Mueller Water Products in the first quarter valued at approximately $205,000. United Services Automobile Association acquired a new position in shares of Mueller Water Products in the first quarter valued at approximately $212,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Mueller Water Products by 10.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 572,686 shares of the industrial products company’s stock valued at $14,558,000 after buying an additional 56,404 shares during the last quarter. Institutional investors and hedge funds own 91.68% of the company’s stock.

Insider Buying and Selling at Mueller Water Products

In related news, CEO Paul Mcandrew sold 40,000 shares of the stock in a transaction on Monday, August 10th. The shares were sold at an average price of $26.39, for a total transaction of $1,055,600.00. Following the transaction, the chief executive officer directly owned 42,556 shares of the company’s stock, valued at $1,123,052.84. This represents a 48.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Brian C. Healy purchased 1,183 shares of Mueller Water Products stock in a transaction on Tuesday, July 7th. The stock was bought at an average price of $25.33 per share, with a total value of $29,965.39. Following the completion of the acquisition, the director directly owned 24,946 shares of the company’s stock, valued at approximately $631,882.18. This trade represents a 4.98% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.10% of the stock is owned by corporate insiders.

Mueller Water Products Price Performance

Shares of NYSE MWA opened at $24.35 on Monday. The company has a market capitalization of $3.80 billion, a PE ratio of 17.27, a P/E/G ratio of 1.07 and a beta of 1.03. The company has a quick ratio of 3.08, a current ratio of 4.64 and a debt-to-equity ratio of 0.40. Mueller Water Products has a twelve month low of $22.74 and a twelve month high of $31.00. The firm has a fifty day simple moving average of $25.44 and a 200 day simple moving average of $26.81.

Mueller Water Products (NYSE:MWA) last posted its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.11. The firm had revenue of $395.90 million during the quarter, compared to analyst estimates of $391.49 million. Mueller Water Products had a return on equity of 23.55% and a net margin of 15.02%.The business’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period last year, the company posted $0.34 EPS. On average, sell-side analysts forecast that Mueller Water Products will post 1.53 EPS for the current year.

Mueller Water Products Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Monday, August 10th were given 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 was Monday, August 10th. Mueller Water Products’s payout ratio is presently 19.86%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Robert W. Baird set a $35.00 target price on shares of Mueller Water Products in a research report on Friday, August 7th. Weiss Ratings upgraded shares of Mueller Water Products from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. The Goldman Sachs Group reiterated a “neutral” rating and set a $29.00 price target on shares of Mueller Water Products in a report on Wednesday, May 6th. Royal Bank Of Canada reduced their price objective on shares of Mueller Water Products from $31.00 to $30.00 and set a “sector perform” rating on the stock in a research note on Friday, August 7th. Finally, Barclays began coverage on Mueller Water Products in a research report on Tuesday, June 30th. They issued an “underweight” rating and a $25.00 price target on the stock. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $30.20.

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.