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 company’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $27.61, for a total value of $295,979.20. Following the transaction, the senior vice president directly owned 64,477 shares in the company, valued at approximately $1,780,209.97. This represents a 14.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Mueller Water Products Trading Down 0.2%

MWA traded down $0.05 during mid-day trading on Tuesday, reaching $27.62. The stock had a trading volume of 867,565 shares, compared to its average volume of 1,111,825. The firm’s fifty day simple moving average is $27.92 and its two-hundred day simple moving average is $26.00. The stock has a market capitalization of $4.32 billion, a P/E ratio of 21.92, a P/E/G ratio of 1.27 and a beta of 1.15. Mueller Water Products has a 52 week low of $22.01 and a 52 week high of $31.00. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.55 and a current ratio of 4.02.

Mueller Water Products (NYSE:MWA) last released its earnings results on Wednesday, February 4th. The industrial products company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. Mueller Water Products had a return on equity of 22.34% and a net margin of 13.83%.The company had revenue of $318.20 million during the quarter, compared to the consensus estimate of $315.26 million. During the same quarter in the previous year, the company posted $0.25 earnings per share. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. On average, equities analysts predict that Mueller Water Products will post 1.24 EPS for the current year.

Mueller Water Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Tuesday, February 10th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Tuesday, February 10th. Mueller Water Products’s payout ratio is currently 22.22%.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Mueller Water Products

Several hedge funds have recently added to or reduced their stakes in MWA. Covestor Ltd increased its stake in shares of Mueller Water Products by 131.8% in the 3rd quarter. Covestor Ltd now owns 1,050 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 597 shares during the last quarter. Strive Financial Group LLC acquired a new stake in Mueller Water Products in the fourth quarter worth $26,000. Danske Bank A S grew its holdings in shares of Mueller Water Products by 266.7% in the 4th quarter. Danske Bank A S now owns 1,100 shares of the industrial products company’s stock valued at $26,000 after buying an additional 800 shares during the period. Smartleaf Asset Management LLC increased its position in shares of 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 buying an additional 423 shares in the last quarter. Finally, Flagship Harbor Advisors LLC bought a new stake in shares of Mueller Water Products in the 4th quarter valued at $34,000. Institutional investors and hedge funds own 91.68% of the company’s stock.

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.