Clarus Wealth Advisors makes new investment in Mueller Water Products, Inc. (NYSE:MWA)

Financial Advisors


Clarus Wealth Advisors acquired a new position in Muller Water Products, Inc. (NYSE:MWA – Valuation Acquired) in the first quarter, according to a recent disclosure to the Securities and Exchange Commission. The fund acquired 10,746 shares of an industrial products company worth about $140,000.

Several other institutional investors and hedge funds have also recently bought and sold MWA shares. Cantonale Vaudoise Bank increased his stake in Müller Water Products by 480.6% during the fourth quarter. Cantonale Vaudoise Bank purchased an additional 3,340 shares during the period and now holds 4,035 shares in the industrial products company valued at $43,000. Captrust Financial Advisors increased its stake in Muller Water Products shares by 22.8% in the first quarter. Captrust Financial Advisors purchased an additional 1,036 shares during the period and now owns 5,580 shares of the industrial products company valued at $72,000. Kepos Capital LP increased its stake in Mueller Water Products shares by 67.8% during the fourth quarter. Kepos Capital LP purchased an additional 3,051 shares during the period and now owns 7,553 shares of the industrial products company valued at $81,000. Metropolitan Life Insurance Company New York increased its stake in Mueller Water Products, Inc. by 8.1% during the fourth quarter. Metropolitan Life Insurance Company New York purchased an additional 720 shares during the period and now owns 9,608 shares of the industrial products company, valued at $103,000. Finally, Bayesian Capital Management LP purchased new shares in Mueller Water Products worth approximately $109,000 in the third quarter. 89.98% of the shares are owned by hedge funds and other institutional investors.

Müller Water Products stock performance

Muller Water Products shares opened at $15.65 on Tuesday. The company has a market cap of $2.45 billion, trades at 31.30x earnings, 1.94x earnings, and 1.29x beta. The company has a debt to equity ratio of 0.64, a quick ratio of 1.82 and a current ratio of 3.50. The company’s 50-day simple moving average is $14.02 and its 200-day simple moving average is $13.08. Mueller Water Products has a one-year low of $9.90 and a one-year high of $15.95.

Muller Water Products (NYSE:MWA – Rated) last reported quarterly earnings data on Monday, May 8th. The industrial products company reported earnings per share (EPS) of $0.14 for the quarter, beating consensus expectations of $0.16 ($0.02). Mueller Water Products had a net profit margin of 5.90% and a return on equity of 12.69%. The company posted revenue of $332.9 million for the quarter, compared with analyst expectations of $332.45 million. The company’s EPS was $0.15 in the same period last year. The segment’s revenue increased by 7.2% over the same period last year. Research analysts expect Mueller Water Products’ EPS to be 0.67 for the current financial year.

Muller Water Products Announces Dividend

The company also recently announced its quarterly dividend, which was paid on Monday, May 22nd. A dividend of $0.061 per share was issued to shareholders of record on Wednesday, May 10. The ex-dividend date for this dividend was Tuesday, May 9. This equates to an annualized dividend of $0.24 and a dividend yield of 1.56%. Müller Water Products’ dividend payout ratio (DPR) is currently 48.00%.

Wall Street analyst speaks out

Many analysts have been eyeing MWA shares recently. TD Cowen said in a research note on Friday, May 5 that Muller Water upgraded his products’ stock from a ‘market performing’ rating to an ‘outperforming’ rating, raising his price target from $11.00 to his $19.00. I pulled it up. Seaport Res Ptn reaffirmed its Buy rating on Mueller Water Products shares in a research note on Tuesday, May 9. StockNews.com began covering Mueller Water Products shares in a research note on Thursday, May 18. They issued a “hold” rating to the company. Finally, prosecutor Davidson reaffirmed his “neutral” rating on Muller Water Products shares in a research note on Wednesday, May 10. Five equity research analysts have issued hold ratings on the company’s stock, and three have issued buy ratings. The stock currently has a consensus rating of “Hold” and an average price target of $13.57, according to MarketBeat data.

Müller Water Product Profile

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

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Want to know if other hedge funds hold MWA? Visit HoldingsChannel.com to get the latest Mueller Water Products, Inc. (NYSE:MWA – Get Rating) 13F filing and insider trading.

Muller Water Products Quarterly Institutional Ownership (NYSE:MWA)

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