Robeco Schweiz AG Buys 20,000 Shares of Mueller Water Products $MWA

Robeco Schweiz AG grew its stake in Mueller Water Products (NYSE:MWA) by 5.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 363,683 shares of the industrial products company’s stock after acquiring an additional 20,000 shares during the quarter. Robeco Schweiz AG owned 0.23% of Mueller Water Products worth $9,281,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of MWA. Nisa Investment Advisors LLC grew its position in Mueller Water Products by 31.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,427 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 575 shares during the last quarter. RWC Asset Management LLP grew its holdings in shares of Mueller Water Products by 2.7% during the third quarter. RWC Asset Management LLP now owns 22,513 shares of the industrial products company’s stock valued at $575,000 after buying an additional 592 shares during the last quarter. Yousif Capital Management LLC increased its position in shares of Mueller Water Products by 1.1% during the second quarter. Yousif Capital Management LLC now owns 59,034 shares of the industrial products company’s stock valued at $1,419,000 after acquiring an additional 618 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in Mueller Water Products by 5.9% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 11,953 shares of the industrial products company’s stock worth $287,000 after acquiring an additional 661 shares during the last quarter. Finally, Cullen Frost Bankers Inc. lifted its position in Mueller Water Products by 112.5% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 1,294 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 685 shares in the last quarter. Hedge funds and other institutional investors own 91.68% of the company’s stock.

Mueller Water Products Stock Performance

Shares of NYSE MWA opened at $25.23 on Wednesday. The firm has a market capitalization of $3.94 billion, a price-to-earnings ratio of 20.85, a price-to-earnings-growth ratio of 1.19 and a beta of 1.18. The company has a current ratio of 3.54, a quick ratio of 2.41 and a debt-to-equity ratio of 0.46. The firm has a 50 day moving average of $24.34 and a 200 day moving average of $25.10. Mueller Water Products has a 12-month low of $22.01 and a 12-month high of $28.58.

Mueller Water Products (NYSE:MWA) last announced its quarterly earnings data on Thursday, November 6th. The industrial products company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.34 by $0.04. The firm had revenue of $380.80 million for the quarter, compared to the consensus estimate of $362.32 million. Mueller Water Products had a net margin of 13.41% and a return on equity of 22.75%. The company’s revenue was up 9.4% on a year-over-year basis. During the same period last year, the firm earned $0.22 EPS. On average, research analysts anticipate that Mueller Water Products will post 1.24 earnings per share for the current year.

Mueller Water Products Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Monday, November 10th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.1%. This is an increase from Mueller Water Products’s previous quarterly dividend of $0.07. Mueller Water Products’s dividend payout ratio is 23.14%.

Insider Activity

In other news, SVP Todd P. Helms sold 15,094 shares of the firm’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $24.62, for a total transaction of $371,614.28. Following the transaction, the senior vice president directly owned 85,917 shares of the company’s stock, valued at approximately $2,115,276.54. This trade represents a 14.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Brian C. Healy purchased 1,125 shares of the stock in a transaction dated Wednesday, January 7th. The stock was acquired at an average cost of $24.41 per share, with a total value of $27,461.25. Following the transaction, the director directly owned 17,925 shares in the company, valued at approximately $437,549.25. This trade represents a 6.70% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Mueller Water Products in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Mueller Water Products has a consensus rating of “Hold” and an average price target of $29.00.

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.