Insider Selling: Mueller Water Products (NYSE:MWA) CEO Sells $1,055,600.00 in Stock

Mueller Water Products (NYSE:MWA) CEO Paul Mcandrew sold 40,000 shares of the business’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $26.39, for a total transaction of $1,055,600.00. Following the completion of the transaction, the chief executive officer owned 42,556 shares in the company, valued at approximately $1,123,052.84. The trade was a 48.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Mueller Water Products Stock Performance

Shares of MWA opened at $26.09 on Thursday. The company has a current ratio of 4.64, a quick ratio of 3.08 and a debt-to-equity ratio of 0.40. The firm’s fifty day simple moving average is $25.60 and its two-hundred day simple moving average is $27.02. Mueller Water Products has a 12 month low of $22.74 and a 12 month high of $31.00. The stock has a market capitalization of $4.07 billion, a P/E ratio of 18.50, a price-to-earnings-growth ratio of 1.15 and a beta of 1.03.

Mueller Water Products (NYSE:MWA) last posted its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.11. Mueller Water Products had a return on equity of 23.55% and a net margin of 15.02%.The firm had revenue of $395.90 million during the quarter, compared to analyst estimates of $391.49 million. During the same period last year, the company posted $0.34 EPS. The business’s quarterly revenue was up 4.1% on a year-over-year basis. As a group, analysts predict that Mueller Water Products will post 1.53 EPS for the current year.

Mueller Water Products Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Monday, August 10th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Monday, August 10th. Mueller Water Products’s dividend payout ratio is presently 19.86%.

Analyst Upgrades and Downgrades

MWA has been the subject of several research analyst reports. Wall Street Zen upgraded shares of Mueller Water Products from a “hold” rating to a “buy” rating in a research note on Monday. Royal Bank Of Canada reduced their price target on shares of Mueller Water Products from $31.00 to $30.00 and set a “sector perform” rating for the company in a report on Friday, August 7th. Barclays started coverage on shares of Mueller Water Products in a research note on Tuesday, June 30th. They issued an “underweight” rating and a $25.00 price target for the company. The Goldman Sachs Group reiterated a “neutral” rating and set a $29.00 price objective on shares of Mueller Water Products in a report on Wednesday, May 6th. Finally, Robert W. Baird set a $35.00 price objective on shares of Mueller Water Products in a research report on Friday, August 7th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Mueller Water Products presently has an average rating of “Hold” and a consensus target price of $30.20.

Institutional Trading of Mueller Water Products

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Strive Financial Group LLC acquired a new position in shares of Mueller Water Products during the fourth quarter valued at about $26,000. Danske Bank A S raised 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 worth $26,000 after acquiring an additional 800 shares during the last quarter. Smartleaf Asset Management LLC lifted its position 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 acquiring an additional 423 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new position in Mueller Water Products during the 4th quarter valued at about $34,000. Finally, Steward Partners Investment Advisory LLC increased its holdings in Mueller Water Products by 44.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,517 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 469 shares in the last quarter. Institutional investors own 91.68% of the company’s stock.

Mueller Water Products Company Profile

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.