Todd Helms Sells 10,720 Shares of Mueller Water Products (NYSE:MWA) Stock

Mueller Water Products (NYSE:MWA) SVP Todd Helms sold 10,720 shares of the firm’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $29.72, for a total transaction of $318,598.40. Following the transaction, the senior vice president directly owned 75,197 shares of the company’s stock, valued at approximately $2,234,854.84. This trade represents a 12.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Mueller Water Products Stock Performance

NYSE:MWA traded up $0.18 during mid-day trading on Friday, hitting $29.96. The company’s stock had a trading volume of 783,329 shares, compared to its average volume of 1,235,923. The business’s fifty day moving average is $26.43 and its two-hundred day moving average is $25.69. The stock has a market cap of $4.68 billion, a price-to-earnings ratio of 23.77, a PEG ratio of 1.37 and a beta of 1.17. The company has a debt-to-equity ratio of 0.44, a current ratio of 4.02 and a quick ratio of 2.55. Mueller Water Products has a 1 year low of $22.01 and a 1 year high of $30.47.

Mueller Water Products (NYSE:MWA) last issued its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. Mueller Water Products had a net margin of 13.83% and a return on equity of 22.34%. The business had revenue of $318.20 million for the quarter, compared to analysts’ expectations of $315.26 million. During the same quarter last year, the company earned $0.25 EPS. The business’s revenue was up 4.6% on a year-over-year basis. Analysts anticipate that Mueller Water Products will post 1.24 EPS for the current fiscal year.

Mueller Water Products Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 20th. Stockholders of record on Tuesday, February 10th will be given a $0.07 dividend. The ex-dividend date is Tuesday, February 10th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.9%. Mueller Water Products’s payout ratio is 22.22%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Oppenheimer reissued an “outperform” rating and issued a $32.00 price target (up previously from $30.00) on shares of Mueller Water Products in a research note on Monday, February 9th. Royal Bank Of Canada increased their price objective on shares of Mueller Water Products from $27.00 to $29.00 and gave the company a “sector perform” rating in a report on Friday, February 6th. Finally, Robert W. Baird set a $33.00 target price on shares of Mueller Water Products in a research note on Friday, February 6th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Mueller Water Products has a consensus rating of “Moderate Buy” and a consensus target price of $31.33.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Maryland State Retirement & Pension System increased its holdings in shares of Mueller Water Products by 1.5% in the fourth quarter. Maryland State Retirement & Pension System now owns 22,808 shares of the industrial products company’s stock valued at $543,000 after purchasing an additional 339 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in Mueller Water Products by 47.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,323 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 423 shares during the last quarter. Steward Partners Investment Advisory LLC grew its stake in shares of Mueller Water Products by 44.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,517 shares of the industrial products company’s stock valued at $36,000 after buying an additional 469 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in shares of Mueller Water Products by 1.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 35,732 shares of the industrial products company’s stock worth $851,000 after buying an additional 500 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its holdings in shares of Mueller Water Products by 4.5% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 11,672 shares of the industrial products company’s stock worth $278,000 after buying an additional 503 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 is a leading provider of water infrastructure and flow control products and services designed to help water utilities and municipalities manage, control and measure their water distribution systems. The company’s portfolio includes a comprehensive range of products such as fire hydrants, valves, pipe repair systems, fittings and couplings, along with advanced metering and monitoring solutions. By combining traditional mechanical components with digital technologies, Mueller Water Products addresses the critical need for reliable and sustainable water distribution across North America.

The company’s operations are organized around two primary business segments.