Mueller Water Products, Inc. (NYSE:MWA) Director Lydia W. Thomas Sells 17,092 Shares

Mueller Water Products, Inc. (NYSE:MWA) Director Lydia W. Thomas sold 17,092 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $26.77, for a total transaction of $457,552.84. Following the completion of the transaction, the director now owns 126,689 shares of the company’s stock, valued at approximately $3,391,464.53. This trade represents a 11.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Mueller Water Products Stock Performance

MWA opened at $26.58 on Wednesday. The company has a quick ratio of 2.38, a current ratio of 3.83 and a debt-to-equity ratio of 0.54. Mueller Water Products, Inc. has a 52-week low of $14.81 and a 52-week high of $28.25. The firm’s 50-day moving average price is $24.45 and its 200-day moving average price is $23.31. The company has a market cap of $4.16 billion, a P/E ratio of 30.90, a price-to-earnings-growth ratio of 1.43 and a beta of 1.39.

Mueller Water Products (NYSE:MWA) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.06. Mueller Water Products had a return on equity of 21.18% and a net margin of 10.05%. During the same quarter last year, the firm earned $0.13 EPS. As a group, equities analysts anticipate that Mueller Water Products, Inc. will post 1.24 EPS for the current fiscal year.

Mueller Water Products Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Monday, February 10th were paid a $0.067 dividend. This represents a $0.27 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend was Monday, February 10th. Mueller Water Products’s dividend payout ratio (DPR) is presently 30.23%.

Institutional Investors Weigh In On Mueller Water Products

Several hedge funds have recently made changes to their positions in MWA. Optiver Holding B.V. acquired a new position in shares of Mueller Water Products during the 4th quarter worth about $29,000. Tower Research Capital LLC TRC lifted its holdings in shares of Mueller Water Products by 171.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,761 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 1,113 shares during the period. Millstone Evans Group LLC bought a new position in Mueller Water Products during the fourth quarter worth $63,000. Gen Wealth Partners Inc bought a new stake in Mueller Water Products in the fourth quarter valued at $65,000. Finally, R Squared Ltd bought a new stake in Mueller Water Products in the fourth quarter valued at $100,000. Institutional investors own 91.68% of the company’s stock.

Wall Street Analysts Forecast Growth

MWA has been the subject of a number of research analyst reports. Royal Bank of Canada raised their price objective on shares of Mueller Water Products from $25.00 to $29.00 and gave the stock a “sector perform” rating in a report on Thursday, February 6th. The Goldman Sachs Group lifted their target price on shares of Mueller Water Products from $26.00 to $29.00 and gave the company a “neutral” rating in a research report on Thursday, February 6th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Mueller Water Products has a consensus rating of “Hold” and a consensus target price of $25.80.

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.