Mueller Water Products (NYSE:MWA) Releases Quarterly Earnings Results

Mueller Water Products (NYSE:MWA) released its earnings results on Monday. The industrial products company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.10, Briefing.com reports. Mueller Water Products had a return on equity of 16.97% and a net margin of 8.10%. The firm had revenue of $356.70 million for the quarter, compared to analysts’ expectations of $329.67 million. During the same quarter in the prior year, the firm posted $0.18 earnings per share. The company’s quarterly revenue was up 9.2% on a year-over-year basis.

Mueller Water Products Stock Up 0.6 %

NYSE:MWA traded up $0.12 during mid-day trading on Wednesday, reaching $20.22. The company’s stock had a trading volume of 2,000,760 shares, compared to its average volume of 1,267,499. The company has a quick ratio of 2.08, a current ratio of 3.53 and a debt-to-equity ratio of 0.59. Mueller Water Products has a 1 year low of $12.13 and a 1 year high of $21.02. The stock has a fifty day moving average of $18.67 and a 200-day moving average of $16.94. The firm has a market capitalization of $3.15 billion, a PE ratio of 31.80, a price-to-earnings-growth ratio of 1.96 and a beta of 1.33.

Mueller Water Products Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 20th. Investors of record on Friday, August 9th will be issued a $0.064 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a $0.26 annualized dividend and a dividend yield of 1.27%. Mueller Water Products’s payout ratio is currently 39.06%.

Insider Buying and Selling at Mueller Water Products

In other Mueller Water Products news, Director Brian C. Healy acquired 2,650 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were purchased at an average cost of $19.18 per share, for a total transaction of $50,827.00. Following the completion of the purchase, the director now owns 2,650 shares in the company, valued at $50,827. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Mueller Water Products news, SVP Kenji Takeuchi sold 6,658 shares of the business’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $19.09, for a total value of $127,101.22. Following the completion of the transaction, the senior vice president now directly owns 28,334 shares in the company, valued at $540,896.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brian C. Healy purchased 2,650 shares of the firm’s stock in a transaction on Wednesday, May 15th. The shares were purchased at an average cost of $19.18 per share, with a total value of $50,827.00. Following the completion of the transaction, the director now owns 2,650 shares of the company’s stock, valued at approximately $50,827. The disclosure for this purchase can be found here. Insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on MWA shares. Baird R W raised Mueller Water Products to a “hold” rating in a research report on Wednesday, May 8th. Royal Bank of Canada upped their price target on shares of Mueller Water Products from $20.00 to $23.00 and gave the stock a “sector perform” rating in a report on Wednesday. Oppenheimer raised their price target on shares of Mueller Water Products from $22.00 to $24.00 and gave the stock an “outperform” rating in a research note on Wednesday. StockNews.com raised shares of Mueller Water Products from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Finally, Robert W. Baird raised their target price on shares of Mueller Water Products from $18.00 to $24.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 8th. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.00.

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.