Mueller Water Products, Inc. (NYSE:MWA) SVP Sells $88,971.12 in Stock

Mueller Water Products, Inc. (NYSE:MWA) SVP Todd P. Helms sold 3,556 shares of the company’s stock in a transaction 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 transaction, the senior vice president now owns 38,683 shares of the company’s stock, valued at $967,848.66. This trade represents a 8.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Mueller Water Products Stock Performance

Shares of Mueller Water Products stock traded down $0.48 during trading on Tuesday, hitting $25.26. 1,176,679 shares of the stock were exchanged, compared to its average volume of 1,257,220. The stock has a market cap of $3.95 billion, a PE ratio of 35.26, a P/E/G ratio of 1.43 and a beta of 1.34. The stock’s fifty day moving average is $22.70 and its 200 day moving average is $20.46. Mueller Water Products, Inc. has a 12 month low of $13.08 and a 12 month high of $26.28. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.16 and a current ratio of 3.33.

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

Mueller Water Products Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Friday, November 8th were issued a dividend of $0.067 per share. This is a boost from Mueller Water Products’s previous quarterly dividend of $0.06. The ex-dividend date was Friday, November 8th. This represents a $0.27 annualized dividend and a yield of 1.06%. Mueller Water Products’s payout ratio is presently 35.62%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Royal Bank of Canada lifted their target price on 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. Oppenheimer reiterated an “outperform” rating and set a $27.00 target price (up from $26.00) on shares of Mueller Water Products in a research note on Friday, November 8th. TD Cowen cut shares of Mueller Water Products from a “buy” rating to a “hold” rating and upped their price target for the company from $19.00 to $20.00 in a report on Friday, August 9th. Finally, StockNews.com lowered shares of Mueller Water Products from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $22.20.

Institutional Trading of Mueller Water Products

Institutional investors have recently modified their holdings of the company. Synovus Financial Corp lifted its holdings in shares of Mueller Water Products by 100.0% during the third quarter. Synovus Financial Corp now owns 25,448 shares of the industrial products company’s stock valued at $552,000 after purchasing an additional 12,724 shares during the last quarter. Tidal Investments LLC purchased a new stake in Mueller Water Products during the third quarter valued at about $414,000. TD Private Client Wealth LLC boosted its holdings in shares of Mueller Water Products by 468.1% in the third quarter. TD Private Client Wealth LLC now owns 5,408 shares of the industrial products company’s stock worth $117,000 after buying an additional 4,456 shares during the period. Geode Capital Management LLC increased its position in shares of Mueller Water Products by 2.1% in the third quarter. Geode Capital Management LLC now owns 3,538,901 shares of the industrial products company’s stock worth $76,809,000 after acquiring an additional 73,069 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. raised its holdings in shares of Mueller Water Products by 19.8% during the third quarter. Duff & Phelps Investment Management Co. now owns 390,199 shares of the industrial products company’s stock valued at $8,467,000 after acquiring an additional 64,399 shares during the period. Institutional investors and hedge funds own 91.68% of the company’s stock.

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.