Quantbot Technologies LP Grows Position in Mueller Water Products $MWA

Quantbot Technologies LP raised its stake in shares of Mueller Water Products (NYSE:MWA) by 1,049.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 143,624 shares of the industrial products company’s stock after acquiring an additional 131,129 shares during the period. Quantbot Technologies LP’s holdings in Mueller Water Products were worth $3,665,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of MWA. Covestor Ltd raised its holdings in shares of Mueller Water Products by 131.8% in the third quarter. Covestor Ltd now owns 1,050 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 597 shares during the last quarter. Nisa Investment Advisors LLC grew its position in Mueller Water Products by 31.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,427 shares of the industrial products company’s stock worth $62,000 after purchasing an additional 575 shares in the last quarter. Creative Financial Designs Inc. ADV increased its stake in Mueller Water Products by 355.4% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 2,842 shares of the industrial products company’s stock valued at $68,000 after buying an additional 2,218 shares during the last quarter. AlphaQuest LLC bought a new position in shares of Mueller Water Products during the 2nd quarter worth approximately $71,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Mueller Water Products by 677.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,204 shares of the industrial products company’s stock worth $77,000 after buying an additional 2,792 shares during the last quarter. 91.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on MWA shares. Oppenheimer reaffirmed an “outperform” rating and set a $32.00 price target (up from $30.00) on shares of Mueller Water Products in a research report on Monday, February 9th. Royal Bank Of Canada raised their target price on Mueller Water Products from $27.00 to $29.00 and gave the company a “sector perform” rating in a research report on Friday, February 6th. Finally, Robert W. Baird set a $33.00 target price on Mueller Water Products in a research note on Friday, February 6th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $31.33.

Insider Activity at Mueller Water Products

In other Mueller Water Products news, Director Gregg C. Sengstack bought 25,000 shares of the business’s stock in a transaction on Wednesday, February 25th. The stock was purchased at an average price of $29.58 per share, for a total transaction of $739,500.00. Following the completion of the transaction, the director directly owned 25,000 shares of the company’s stock, valued at $739,500. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Brian C. Healy bought 1,125 shares of Mueller Water Products stock in a transaction dated Wednesday, January 7th. The stock was acquired at an average price of $24.41 per share, with a total value of $27,461.25. Following the purchase, the director directly owned 17,925 shares of the company’s stock, valued at approximately $437,549.25. This represents a 6.70% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.10% of the stock is currently owned by company insiders.

Mueller Water Products Trading Down 0.7%

NYSE:MWA opened at $29.91 on Monday. Mueller Water Products has a 12 month low of $22.01 and a 12 month high of $31.00. The company has a current ratio of 4.02, a quick ratio of 2.55 and a debt-to-equity ratio of 0.44. The firm’s 50 day moving average is $27.04 and its 200 day moving average is $25.86. The stock has a market capitalization of $4.68 billion, a PE ratio of 23.74, a price-to-earnings-growth ratio of 1.37 and a beta of 1.15.

Mueller Water Products (NYSE:MWA) last announced its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.02. The business had revenue of $318.20 million during the quarter, compared to analyst estimates of $315.26 million. Mueller Water Products had a return on equity of 22.34% and a net margin of 13.83%.Mueller Water Products’s revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.25 earnings per share. Sell-side analysts expect that Mueller Water Products will post 1.24 earnings per share for the current year.

Mueller Water Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Tuesday, February 10th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Tuesday, February 10th. Mueller Water Products’s payout ratio is currently 22.22%.

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.