Perpetual Ltd Has $10.23 Million Holdings in Mueller Water Products $MWA

Perpetual Ltd lifted its stake in shares of Mueller Water Products (NYSE:MWA) by 10.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 429,580 shares of the industrial products company’s stock after acquiring an additional 39,656 shares during the period. Perpetual Ltd’s holdings in Mueller Water Products were worth $10,233,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in MWA. Assenagon Asset Management S.A. boosted its position in Mueller Water Products by 525.9% during the third quarter. Assenagon Asset Management S.A. now owns 1,393,293 shares of the industrial products company’s stock worth $35,557,000 after purchasing an additional 1,170,683 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in Mueller Water Products during the third quarter valued at approximately $692,000. Jupiter Asset Management Ltd. raised its position in shares of Mueller Water Products by 62.3% in the third quarter. Jupiter Asset Management Ltd. now owns 930,230 shares of the industrial products company’s stock valued at $23,739,000 after purchasing an additional 357,087 shares during the period. Elo Mutual Pension Insurance Co lifted its stake in shares of Mueller Water Products by 106.6% in the third quarter. Elo Mutual Pension Insurance Co now owns 71,083 shares of the industrial products company’s stock worth $1,814,000 after buying an additional 36,671 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Mueller Water Products in the third quarter worth $1,781,000. 91.68% of the stock is owned by institutional investors.

Mueller Water Products Stock Up 0.1%

Shares of MWA stock opened at $27.67 on Friday. Mueller Water Products has a 12 month low of $22.01 and a 12 month high of $31.00. The firm has a market cap of $4.33 billion, a PE ratio of 21.96, a price-to-earnings-growth ratio of 1.27 and a beta of 1.16. The stock has a 50 day moving average of $28.44 and a 200-day moving average of $26.17. The company has a quick ratio of 2.55, a current ratio of 4.02 and a debt-to-equity ratio of 0.44.

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 (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.02. Mueller Water Products had a net margin of 13.83% and a return on equity of 22.34%. The business had revenue of $318.20 million for the quarter, compared to the consensus estimate of $315.26 million. During the same quarter last year, the company posted $0.25 earnings per share. Mueller Water Products’s quarterly revenue was up 4.6% on a year-over-year basis. On average, equities analysts predict that Mueller Water Products will post 1.24 EPS for the current year.

Mueller Water Products Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Tuesday, February 10th were issued a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, February 10th. This represents a $0.28 dividend on an annualized basis and a yield of 1.0%. Mueller Water Products’s dividend payout ratio is 22.22%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Royal Bank Of Canada upped their price objective on shares of Mueller Water Products from $27.00 to $29.00 and gave the stock a “sector perform” rating in a report on Friday, February 6th. Robert W. Baird set a $33.00 target price on shares of Mueller Water Products in a research report on Friday, February 6th. Finally, Oppenheimer restated an “outperform” rating and set a $32.00 price target (up from $30.00) on shares of Mueller Water Products in a report on Monday, February 9th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $31.33.

Insiders Place Their Bets

In related news, Director Brian C. Healy acquired 1,125 shares of the business’s 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 completion of the transaction, the director 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. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Gregg C. Sengstack bought 25,000 shares of Mueller Water Products stock in a transaction that occurred on Wednesday, February 25th. The stock was bought at an average price of $29.58 per share, with a total value of $739,500.00. Following the purchase, the director owned 25,000 shares of the company’s stock, valued at $739,500. This trade represents a ? increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 1.10% of the company’s stock.

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.