Key Points
- SVP Todd Helms sold 15,094 shares of Mueller Water Products at an average price of $24.62, totaling $371,614.28, cutting his holding by about 14.94% to 85,917 shares valued at roughly $2.12 million.
- Mueller Water Products reported $0.11 EPS on $237.4 million in revenue last quarter and recently raised its quarterly dividend to $0.07 (annualized $0.28) for a ~1.1% yield, with a P/E of 20.31.
- Analysts have an average rating of "Hold" with a $29 price target, and institutional investors own about 91.68% of the stock, led by large positions such as Vanguard's ~19.8 million shares.
Mueller Water Products (NYSE:MWA - Get Free Report) 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 transaction of $371,614.28. Following the completion of 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 filing with the SEC, which is accessible through this hyperlink.
Mueller Water Products Stock Down 0.2%
Shares of MWA stock opened at $24.58 on Friday. Mueller Water Products has a 12-month low of $21.35 and a 12-month high of $28.58. The company has a quick ratio of 2.41, a current ratio of 3.54 and a debt-to-equity ratio of 0.46. The firm has a fifty day moving average of $24.84 and a 200-day moving average of $25.00. The company has a market capitalization of $3.84 billion, a price-to-earnings ratio of 20.31, a P/E/G ratio of 1.17 and a beta of 1.17.
Mueller Water Products (NYSE:MWA - Get Free Report) last announced its earnings results on Thursday, February 24th. The industrial products company reported $0.11 earnings per share for the quarter. The firm had revenue of $237.40 million during the quarter. Mueller Water Products had a net margin of 13.41% and a return on equity of 22.75%. As a group, equities research analysts predict that Mueller Water Products will post 1.24 earnings per share for the current fiscal year.
Mueller Water Products Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Monday, November 10th were issued a dividend of $0.07 per share. The ex-dividend date was Monday, November 10th. This is a boost 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 is 23.14%.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings restated a "buy (b)" rating on shares of Mueller Water Products in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $29.00.
Check Out Our Latest Analysis on MWA
Hedge Funds Weigh In On Mueller Water Products
Several hedge funds have recently modified their holdings of MWA. Cetera Investment Advisers acquired a new stake in shares of Mueller Water Products in the first quarter valued at about $900,000. Natixis Advisors LLC bought a new position in Mueller Water Products in the first quarter valued at approximately $645,000. PNC Financial Services Group Inc. increased its position in shares of Mueller Water Products by 430.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 21,320 shares of the industrial products company's stock worth $542,000 after purchasing an additional 17,298 shares during the last quarter. Vanguard Group Inc. raised its stake 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 worth $503,201,000 after purchasing an additional 2,840,895 shares in the last quarter. Finally, Deutsche Bank AG boosted its holdings in shares of Mueller Water Products by 62.9% in the 1st quarter. Deutsche Bank AG now owns 354,103 shares of the industrial products company's stock valued at $9,001,000 after buying an additional 136,688 shares during the last quarter. Institutional investors own 91.68% of the company's stock.
Mueller Water Products Company Profile
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
