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 firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $25.02, for a total value of $88,971.12. Following the completion of the sale, the senior vice president now directly owns 38,683 shares in the company, valued at approximately $967,848.66. This trade represents a 8.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Mueller Water Products Stock Down 1.2 %

MWA opened at $24.96 on Thursday. Mueller Water Products, Inc. has a 12 month low of $13.08 and a 12 month high of $26.28. The stock has a market cap of $3.90 billion, a P/E ratio of 34.18, a P/E/G ratio of 1.46 and a beta of 1.34. The stock’s 50 day moving average price is $22.88 and its 200 day moving average price is $20.54. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.33 and a quick ratio of 2.16.

Mueller Water Products (NYSE:MWA) last issued its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $0.22 earnings per share (EPS) 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 company had revenue of $348.20 million for the quarter, compared to analysts’ expectations of $324.80 million. During the same period last year, the firm earned $0.19 EPS. The firm’s revenue for the quarter was up 15.5% on a year-over-year basis. As a group, research analysts predict that Mueller Water Products, Inc. will post 1.17 earnings per share for the current year.

Mueller Water Products Increases Dividend

The company also recently declared 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. 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 annualized dividend and a dividend yield of 1.07%. Mueller Water Products’s dividend payout ratio (DPR) is 36.99%.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Mueller Water Products

Several hedge funds have recently modified their holdings of MWA. V Square Quantitative Management LLC acquired a new position in shares of Mueller Water Products during the 3rd quarter valued at $26,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Mueller Water Products in the 2nd quarter worth $72,000. National Bank of Canada FI grew its holdings in shares of Mueller Water Products by 44.2% in 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 during the last quarter. Quarry LP grew its holdings in shares of Mueller Water Products by 341.0% in the 2nd quarter. Quarry LP now owns 5,632 shares of the industrial products company’s stock worth $101,000 after acquiring an additional 4,355 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Mueller Water Products by 434.6% in the 3rd quarter. Blue Trust Inc. now owns 4,892 shares of the industrial products company’s stock worth $106,000 after acquiring an additional 3,977 shares during the last quarter. 91.68% of the stock is currently owned by institutional investors and hedge funds.

About Mueller Water Products

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.