Mueller Water Products, Inc. (NYSE:MWA) Shares Acquired by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd lifted its stake in Mueller Water Products, Inc. (NYSE:MWA) by 6.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 11,022 shares of the industrial products company’s stock after acquiring an additional 633 shares during the quarter. Point72 Hong Kong Ltd’s holdings in Mueller Water Products were worth $239,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new position in Mueller Water Products during the third quarter worth $26,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Mueller Water Products in the 2nd quarter valued at $72,000. National Bank of Canada FI lifted its stake in Mueller Water Products by 44.2% during the 2nd quarter. National Bank of Canada FI now owns 4,757 shares of the industrial products company’s stock worth $83,000 after acquiring an additional 1,457 shares in the last quarter. Quarry LP boosted its holdings in Mueller Water Products by 341.0% during the 2nd quarter. Quarry LP now owns 5,632 shares of the industrial products company’s stock valued at $101,000 after acquiring an additional 4,355 shares during the period. Finally, Blue Trust Inc. boosted its holdings in Mueller Water Products by 434.6% during the 3rd quarter. Blue Trust Inc. now owns 4,892 shares of the industrial products company’s stock valued at $106,000 after acquiring an additional 3,977 shares during the period. Hedge funds and other institutional investors own 91.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MWA. StockNews.com cut shares of Mueller Water Products from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 30th. TD Cowen lowered shares of Mueller Water Products from a “buy” rating to a “hold” rating and increased their target price for the stock from $19.00 to $20.00 in a report on Friday, August 9th. Royal Bank of Canada boosted their price target on shares of Mueller Water Products from $20.00 to $23.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 7th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $27.00 price objective (up from $26.00) on shares of Mueller Water Products in a research note on Friday, November 8th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $22.20.

Mueller Water Products Trading Up 2.2 %

NYSE MWA opened at $25.59 on Tuesday. Mueller Water Products, Inc. has a 52 week low of $13.40 and a 52 week high of $26.28. The firm has a 50 day moving average of $23.12 and a two-hundred day moving average of $20.67. The company has a quick ratio of 2.16, a current ratio of 3.33 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $4.00 billion, a PE ratio of 35.05, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34.

Mueller Water Products (NYSE:MWA) last issued its earnings results on Wednesday, November 6th. The industrial products company reported $0.22 EPS for the quarter, hitting analysts’ consensus estimates of $0.22. Mueller Water Products had a net margin of 8.82% and a return on equity of 19.38%. The firm had revenue of $348.20 million during the quarter, compared to the consensus estimate of $324.80 million. During the same quarter in the previous year, the firm posted $0.19 earnings per share. The company’s revenue was up 15.5% compared to the same quarter last year. As a group, research analysts expect that Mueller Water Products, Inc. will post 1.17 EPS for the current fiscal year.

Mueller Water Products Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Friday, November 8th were given a dividend of $0.067 per share. This represents a $0.27 annualized dividend and a dividend yield of 1.05%. The ex-dividend date was Friday, November 8th. This is a positive change from Mueller Water Products’s previous quarterly dividend of $0.06. Mueller Water Products’s dividend payout ratio (DPR) is 36.99%.

Insider Buying and Selling

In other news, SVP Todd P. Helms sold 3,556 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $25.02, for a total transaction of $88,971.12. Following the completion of the sale, the senior vice president now owns 38,683 shares in the company, valued at approximately $967,848.66. The trade was a 8.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lydia W. Thomas sold 10,791 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $24.40, for a total transaction of $263,300.40. Following the completion of the transaction, the director now directly owns 136,405 shares in the company, valued at $3,328,282. This trade represents a 7.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.40% of the stock is owned by company insiders.

Mueller Water Products Company Profile

Mueller Water Products, Inc manufactures and markets products and services for the transmission, distribution, and measurement of water used by municipalities, and the residential and non-residential construction industries in the United States, Israel, and internationally. It operates in two segments, Water Flow Solutions and Water Management Solutions.