Jennison Associates LLC Purchases New Shares in Mueller Water Products $MWA

Jennison Associates LLC acquired a new stake in Mueller Water Products (NYSE:MWA) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 26,093 shares of the industrial products company’s stock, valued at approximately $717,000.

A number of other large investors have also modified their holdings of MWA. Tudor Investment Corp ET AL increased its stake in shares of Mueller Water Products by 100.1% in the 3rd quarter. Tudor Investment Corp ET AL now owns 290,960 shares of the industrial products company’s stock valued at $7,425,000 after purchasing an additional 145,578 shares in the last quarter. Vest Financial LLC purchased a new position in Mueller Water Products during the fourth quarter worth approximately $1,517,000. SG Americas Securities LLC grew its holdings in Mueller Water Products by 998.6% in the fourth quarter. SG Americas Securities LLC now owns 387,050 shares of the industrial products company’s stock valued at $9,220,000 after purchasing an additional 351,819 shares during the period. Perpetual Ltd increased its position in shares of Mueller Water Products by 10.2% in the fourth quarter. Perpetual Ltd now owns 429,580 shares of the industrial products company’s stock valued at $10,233,000 after buying an additional 39,656 shares in the last quarter. Finally, Fiduciary Management Inc. WI purchased a new stake in shares of Mueller Water Products in the fourth quarter valued at approximately $75,400,000. Institutional investors and hedge funds own 91.68% of the company’s stock.

Analyst Ratings Changes

MWA has been the subject of several research analyst reports. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $29.00 target price on shares of Mueller Water Products in a research note on Wednesday, May 6th. Wall Street Zen lowered shares of Mueller Water Products from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Barclays initiated coverage on shares of Mueller Water Products in a research report on Tuesday, June 30th. They set an “underweight” rating and a $25.00 price objective for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Mueller Water Products in a report on Tuesday, May 19th. Finally, Royal Bank Of Canada lifted their target price on shares of Mueller Water Products from $30.00 to $31.00 and gave the company a “sector perform” rating in a research report on Thursday, May 7th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $30.00.

Mueller Water Products Stock Performance

Shares of NYSE:MWA opened at $24.85 on Thursday. 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 business’s 50 day moving average price is $25.46 and its 200-day moving average price is $26.99. The firm has a market capitalization of $3.89 billion, a PE ratio of 18.97, a P/E/G ratio of 1.13 and a beta of 1.03. Mueller Water Products has a 1 year low of $22.74 and a 1 year high of $31.00.

Mueller Water Products (NYSE:MWA) last posted its quarterly earnings data on Tuesday, April 21st. The industrial products company reported $2.16 EPS for the quarter. Mueller Water Products had a return on equity of 22.11% and a net margin of 14.17%.The firm had revenue of $1.19 billion during the quarter. As a group, equities research analysts expect that Mueller Water Products will post 1.47 earnings per share for the current fiscal year.

Mueller Water Products Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Monday, May 11th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.1%. Mueller Water Products’s dividend payout ratio is presently 21.37%.

Insider Activity at Mueller Water Products

In other Mueller Water Products news, Director Brian C. Healy bought 1,183 shares of Mueller Water Products stock in a transaction dated Tuesday, July 7th. The stock was acquired at an average cost of $25.33 per share, for a total transaction of $29,965.39. Following the completion of the transaction, the director directly owned 24,946 shares of the company’s stock, valued at approximately $631,882.18. This represents a 4.98% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.10% of the stock is owned by company insiders.

Mueller Water Products Company 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.