Strs Ohio Sells 39,600 Shares of Mueller Water Products $MWA

Strs Ohio trimmed its position in shares of Mueller Water Products (NYSE:MWA) by 85.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 6,500 shares of the industrial products company’s stock after selling 39,600 shares during the quarter. Strs Ohio’s holdings in Mueller Water Products were worth $155,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in MWA. Royal Bank of Canada grew its holdings in Mueller Water Products by 25.3% during the 1st 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 during the last quarter. AQR Capital Management LLC grew its holdings in Mueller Water Products by 87.2% during the 1st quarter. AQR Capital Management LLC now owns 122,472 shares of the industrial products company’s stock valued at $3,113,000 after purchasing an additional 57,053 shares during the last quarter. Great Lakes Advisors LLC bought a new position in Mueller Water Products in the 1st quarter worth about $205,000. United Services Automobile Association bought a new position in Mueller Water Products in the 1st quarter worth about $212,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake 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 worth $14,558,000 after acquiring an additional 56,404 shares in the last quarter. 91.68% of the stock is currently owned by institutional investors.

Insider Activity at Mueller Water Products

In other news, SVP Todd P. Helms sold 10,720 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $27.61, for a total value of $295,979.20. Following the completion of the sale, the senior vice president owned 64,477 shares of the company’s stock, valued at approximately $1,780,209.97. This represents a 14.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gregg C. Sengstack purchased 25,000 shares of the stock in a transaction dated Wednesday, February 25th. The stock was acquired at an average cost of $29.58 per share, with a total value of $739,500.00. Following the transaction, the director directly owned 25,000 shares in the company, valued at approximately $739,500. This trade represents a ? increase in their position. The disclosure for this purchase is available in the SEC filing. 1.10% of the stock is currently owned by corporate insiders.

Mueller Water Products Price Performance

Shares of MWA stock opened at $25.86 on Tuesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 4.57 and a quick ratio of 2.92. The company has a market capitalization of $4.05 billion, a P/E ratio of 19.74, a P/E/G ratio of 1.20 and a beta of 1.08. The company’s 50-day simple moving average is $28.14 and its two-hundred day simple moving average is $26.65. Mueller Water Products has a one year low of $22.74 and a one year high of $31.00.

Mueller Water Products (NYSE:MWA) last announced its quarterly earnings results on Tuesday, April 21st. The industrial products company reported $2.16 earnings per share for the quarter. Mueller Water Products had a net margin of 14.17% and a return on equity of 22.11%. The firm had revenue of $1.19 billion during the quarter. As a group, equities analysts anticipate that Mueller Water Products will post 1.46 EPS for the current year.

Mueller Water Products Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Monday, May 11th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, May 11th. Mueller Water Products’s dividend payout ratio is presently 21.37%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MWA. Robert W. Baird set a $33.00 target price on shares of Mueller Water Products in a research note on Friday, February 6th. The Goldman Sachs Group restated a “neutral” rating and issued a $29.00 target price on shares of Mueller Water Products in a research note on Wednesday, May 6th. Oppenheimer restated an “outperform” rating and issued a $32.00 target price (up from $30.00) on shares of Mueller Water Products in a research note on Monday, February 9th. Finally, Royal Bank Of Canada upped their target price 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 and two have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $31.25.

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.