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 that occurred on Friday, November 22nd. The shares were sold at an average price of $25.02, for a total value of $88,971.12. Following the completion of the transaction, the senior vice president now directly 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 filing with the Securities & Exchange Commission, which can be accessed through this link.

Mueller Water Products Stock Down 1.2 %

MWA stock opened at $24.96 on Friday. The company has a market cap of $3.90 billion, a price-to-earnings ratio of 34.19, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34. The company has a fifty day moving average price of $22.96 and a 200 day moving average price of $20.57. 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, Inc. has a 12 month low of $13.08 and a 12 month high of $26.28.

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

Mueller Water Products Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Friday, November 8th were paid a $0.067 dividend. This is an increase 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%. The ex-dividend date of this dividend was Friday, November 8th. Mueller Water Products’s dividend payout ratio (DPR) is 36.99%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Oppenheimer restated an “outperform” rating and set a $27.00 price objective (up previously from $26.00) on shares of Mueller Water Products in a research report on Friday, November 8th. TD Cowen cut shares of Mueller Water Products from a “buy” rating to a “hold” rating and boosted their price target for the company from $19.00 to $20.00 in a research report on Friday, August 9th. StockNews.com downgraded shares of 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 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. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $22.20.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of MWA. Vanguard Group Inc. lifted its holdings in shares of Mueller Water Products by 1.5% during the first quarter. Vanguard Group Inc. now owns 15,231,209 shares of the industrial products company’s stock worth $245,070,000 after purchasing an additional 227,843 shares during the period. Franklin Resources Inc. lifted its stake in shares of Mueller Water Products by 10.1% in the 3rd quarter. Franklin Resources Inc. now owns 8,618,782 shares of the industrial products company’s stock worth $197,456,000 after acquiring an additional 791,569 shares during the period. State Street Corp boosted its holdings in shares of Mueller Water Products by 0.3% in the third quarter. State Street Corp now owns 3,931,662 shares of the industrial products company’s stock valued at $85,317,000 after acquiring an additional 12,438 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Mueller Water Products by 2.1% during 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 during the period. Finally, Victory Capital Management Inc. raised its holdings in Mueller Water Products by 399.0% during the second quarter. Victory Capital Management Inc. now owns 2,962,757 shares of the industrial products company’s stock worth $53,093,000 after purchasing an additional 2,369,055 shares in the last quarter. 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.