Mueller Water Products (NYSE:MWA) SVP Todd Helms Sells 15,094 Shares

Mueller Water Products (NYSE:MWA) SVP Todd Helms sold 15,094 shares of Mueller Water Products stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $24.62, for a total value of $371,614.28. Following the transaction, the senior vice president directly owned 85,917 shares in the company, valued at approximately $2,115,276.54. The trade was a 14.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Mueller Water Products Stock Down 0.2%

MWA traded down $0.06 during mid-day trading on Friday, reaching $24.58. 997,390 shares of the stock were exchanged, compared to its average volume of 1,616,596. Mueller Water Products has a 1 year low of $21.35 and a 1 year high of $28.58. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.41 and a current ratio of 3.54. The stock has a market capitalization of $3.84 billion, a PE ratio of 20.31, a price-to-earnings-growth ratio of 1.17 and a beta of 1.17. The company has a 50 day moving average price of $24.86 and a two-hundred day moving average price of $25.01.

Mueller Water Products (NYSE:MWA) last released its quarterly earnings results on Thursday, February 24th. The industrial products company reported $0.11 earnings per share for the quarter. The company had revenue of $237.40 million for the quarter. Mueller Water Products had a net margin of 13.41% and a return on equity of 22.75%. As a group, research analysts anticipate that Mueller Water Products will post 1.24 EPS for the current year.

Mueller Water Products Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Monday, November 10th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Monday, November 10th. This is a positive change from Mueller Water Products’s previous quarterly dividend of $0.07. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.1%. Mueller Water Products’s dividend payout ratio (DPR) is 23.14%.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Mueller Water Products in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Mueller Water Products currently has an average rating of “Hold” and an average target price of $29.00.

Institutional Trading of Mueller Water Products

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Mueller Water Products by 16.8% during the 1st quarter. Vanguard Group Inc. now owns 19,795,482 shares of the industrial products company’s stock valued at $503,201,000 after acquiring an additional 2,840,895 shares during the last quarter. Nuveen LLC bought a new position in shares of Mueller Water Products in the first quarter worth approximately $61,497,000. First Trust Advisors LP raised its stake in Mueller Water Products by 66.1% in the second quarter. First Trust Advisors LP now owns 5,535,000 shares of the industrial products company’s stock valued at $133,061,000 after purchasing an additional 2,203,088 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in Mueller Water Products by 66.2% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 5,401,086 shares of the industrial products company’s stock valued at $137,296,000 after purchasing an additional 2,152,096 shares during the last quarter. Finally, Amundi grew its stake in Mueller Water Products by 112.2% in the 3rd quarter. Amundi now owns 2,267,340 shares of the industrial products company’s stock worth $58,099,000 after buying an additional 1,198,801 shares in the last quarter. 91.68% of the stock is currently owned by hedge funds and other institutional investors.

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.