Mueller Water Products (NYSE:MWA) Director Sells $13,161.50 in Stock

Mueller Water Products (NYSE:MWA) Director Christine Ortiz sold 550 shares of Mueller Water Products stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $23.93, for a total transaction of $13,161.50. Following the completion of the transaction, the director directly owned 30,274 shares in the company, valued at approximately $724,456.82. The trade was a 1.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Christine Ortiz also recently made the following trade(s):

• On Monday, August 31st, Christine Ortiz sold 12,048 shares of Mueller Water Products stock. The shares were sold at an average price of $24.23, for a total transaction of $291,923.04.

Mueller Water Products Stock Up 0.3%

Shares of MWA stock opened at $23.89 on Friday. The firm has a fifty day moving average of $25.25 and a 200-day moving average of $26.64. The company has a quick ratio of 3.08, a current ratio of 4.64 and a debt-to-equity ratio of 0.40. Mueller Water Products has a 12-month low of $22.74 and a 12-month high of $31.00. The company has a market capitalization of $3.73 billion, a price-to-earnings ratio of 16.94, a P/E/G ratio of 1.04 and a beta of 1.01.

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

Mueller Water Products Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Monday, August 10th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Monday, August 10th. Mueller Water Products’s payout ratio is 19.86%.

Institutional Trading of Mueller Water Products

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Danske Bank A S lifted its stake in Mueller Water Products by 266.7% in the fourth quarter. Danske Bank A S now owns 1,100 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 800 shares during the last quarter. Strive Financial Group LLC bought a new stake in shares of Mueller Water Products in the 4th quarter valued at about $26,000. Smartleaf Asset Management LLC raised its holdings 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 purchasing an additional 423 shares during the period. Steward Partners Investment Advisory LLC lifted its stake in 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 purchasing an additional 469 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in Mueller Water Products in the 2nd quarter valued at about $43,000. 91.68% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on MWA. Wall Street Zen upgraded Mueller Water Products from a “hold” rating to a “buy” rating in a report on Monday, August 10th. Barclays began coverage on Mueller Water Products in a research report on Tuesday, June 30th. They set an “underweight” rating and a $25.00 price target for the company. Robert W. Baird set a $35.00 price target on shares of Mueller Water Products in a research note on Friday, August 7th. Royal Bank Of Canada lowered their price objective on shares of Mueller Water Products from $31.00 to $30.00 and set a “sector perform” rating on the stock in a report on Friday, August 7th. Finally, Weiss Ratings raised shares of Mueller Water Products from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Mueller Water Products presently has a consensus rating of “Hold” and an average target price of $30.20.

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.