Mueller Water Products, Inc. (NYSE:MWA) Director Sells $263,300.40 in Stock

Mueller Water Products, Inc. (NYSE:MWA) Director Lydia W. Thomas sold 10,791 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $24.40, for a total value of $263,300.40. Following the sale, the director now owns 136,405 shares of the company’s stock, valued at approximately $3,328,282. The trade was a 7.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Mueller Water Products Trading Up 1.7 %

NYSE MWA opened at $24.82 on Thursday. Mueller Water Products, Inc. has a 52-week low of $13.08 and a 52-week high of $26.28. The firm has a 50-day moving average price of $22.29 and a 200 day moving average price of $20.27. The stock has a market capitalization of $3.87 billion, a P/E ratio of 33.99, a P/E/G ratio of 1.39 and a beta of 1.34. The company has a quick ratio of 2.31, a current ratio of 3.70 and a debt-to-equity ratio of 0.57.

Mueller Water Products (NYSE:MWA) last posted its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. Mueller Water Products had a return on equity of 19.71% and a net margin of 8.82%. The business had revenue of $348.20 million during the quarter, compared to analysts’ expectations of $324.80 million. During the same period last year, the firm earned $0.19 EPS. The company’s quarterly revenue was up 15.5% compared to the same quarter last year. Equities research analysts expect that Mueller Water Products, Inc. will post 1.17 EPS for the current year.

Mueller Water Products Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Friday, November 8th were paid a dividend of $0.067 per share. The ex-dividend date was Friday, November 8th. This is a boost from Mueller Water Products’s previous quarterly dividend of $0.06. This represents a $0.27 dividend on an annualized basis and a dividend yield of 1.08%. Mueller Water Products’s dividend payout ratio is 36.99%.

Institutional Trading of Mueller Water Products

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

Wall Street Analyst Weigh In

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

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.