Key Points
- Director Brian Healy bought 1,125 shares at an average price of $24.41 for a total of $27,461.25, increasing his holdings to 17,925 shares (a 6.7% boost), as disclosed in an SEC filing.
- Mueller Water Products reported $0.11 EPS on $237.4 million in revenue last quarter, has a market cap of about $3.91 billion, and carries a consensus analyst price target of $29 with an average rating of "Hold."
- The company raised its quarterly dividend to $0.07 (annualized $0.28) for a yield of 1.1% and a dividend payout ratio of 23.14%.
Mueller Water Products (NYSE:MWA - Get Free Report) Director Brian Healy acquired 1,125 shares of the firm's stock in a transaction on Wednesday, January 7th. The shares were bought at an average cost of $24.41 per share, with a total value of $27,461.25. Following the completion of the acquisition, the director directly owned 17,925 shares in the company, valued at approximately $437,549.25. This represents a 6.70% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Mueller Water Products Stock Up 3.1%
MWA stock opened at $25.01 on Friday. The firm has a market capitalization of $3.91 billion, a PE ratio of 20.67, a P/E/G ratio of 1.15 and a beta of 1.18. The company has a quick ratio of 2.41, a current ratio of 3.54 and a debt-to-equity ratio of 0.46. Mueller Water Products has a twelve month low of $21.35 and a twelve month high of $28.58. The stock's 50 day moving average is $24.37 and its 200-day moving average is $25.06.
Mueller Water Products (NYSE:MWA - Get Free Report) last released its quarterly earnings results on Thursday, February 24th. The industrial products company reported $0.11 EPS for the quarter. The business had revenue of $237.40 million during the quarter. Mueller Water Products had a return on equity of 22.75% and a net margin of 13.41%. Sell-side analysts expect that Mueller Water Products will post 1.24 EPS for the current fiscal year.
Mueller Water Products Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Monday, November 10th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Monday, November 10th. This is a boost from Mueller Water Products's previous quarterly dividend of $0.07. Mueller Water Products's dividend payout ratio (DPR) is presently 23.14%.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a "buy (b)" rating on shares of Mueller Water Products in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $29.00.
View Our Latest Analysis on Mueller Water Products
Hedge Funds Weigh In On Mueller Water Products
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada raised its stake in Mueller Water Products by 25.3% in the first quarter. Royal Bank of Canada now owns 153,043 shares of the industrial products company's stock valued at $3,890,000 after purchasing an additional 30,862 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Mueller Water Products by 87.2% during the first quarter. AQR Capital Management LLC now owns 122,472 shares of the industrial products company's stock worth $3,113,000 after acquiring an additional 57,053 shares in the last quarter. Great Lakes Advisors LLC bought a new position in shares of Mueller Water Products during the 1st quarter valued at $205,000. United Services Automobile Association bought a new stake in Mueller Water Products in the first quarter worth $212,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Mueller Water Products by 10.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 572,686 shares of the industrial products company's stock worth $14,558,000 after buying an additional 56,404 shares during the period. 91.68% of the stock is currently owned by hedge funds and other institutional investors.
Mueller Water Products Company Profile
(
Get Free Report)
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.
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