Key Points
- Todd Helms, SVP, sold 10,720 shares of Mueller Water Products at an average price of $29.72 on Feb. 19 for about $318,598, reducing his stake by 12.48% to 75,197 shares (SEC filing).
- Mueller Water Products beat the quarter with $0.29 EPS and $318.2M revenue (revenue +4.6% YoY), reporting a 13.83% net margin and 22.34% return on equity; analysts forecast ~1.24 EPS for the fiscal year.
- The company pays a quarterly dividend of $0.07 ($0.28 annualized, 0.9% yield) with a 22.22% payout ratio, and the stock has a consensus "Moderate Buy" target of $31.33 and a market cap of about $4.68 billion.
Mueller Water Products (NYSE:MWA - Get Free Report) SVP Todd Helms sold 10,720 shares of Mueller Water Products stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $29.72, for a total transaction of $318,598.40. Following the completion of the sale, the senior vice president owned 75,197 shares of the company's stock, valued at approximately $2,234,854.84. This trade represents a 12.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Mueller Water Products Trading Up 0.6%
MWA opened at $29.96 on Friday. Mueller Water Products has a 12-month low of $22.01 and a 12-month high of $30.47. The company has a debt-to-equity ratio of 0.44, a current ratio of 4.02 and a quick ratio of 2.55. The stock has a market capitalization of $4.68 billion, a PE ratio of 23.77, a P/E/G ratio of 1.37 and a beta of 1.17. The firm's fifty day moving average price is $26.53 and its 200 day moving average price is $25.73.
Mueller Water Products (NYSE:MWA - Get Free Report) last released its earnings results on Wednesday, February 4th. The industrial products company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.02. The company had revenue of $318.20 million during the quarter, compared to the consensus estimate of $315.26 million. Mueller Water Products had a net margin of 13.83% and a return on equity of 22.34%. The company's revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.25 EPS. As a group, research analysts expect that Mueller Water Products will post 1.24 EPS for the current fiscal year.
Mueller Water Products Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Tuesday, February 10th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Tuesday, February 10th. Mueller Water Products's payout ratio is currently 22.22%.
Wall Street Analyst Weigh In
Several research analysts have recently commented on the company. Oppenheimer reiterated an "outperform" rating and issued a $32.00 target price (up previously from $30.00) on shares of Mueller Water Products in a research report on Monday, February 9th. Royal Bank Of Canada raised their price objective on Mueller Water Products from $27.00 to $29.00 and gave the stock a "sector perform" rating in a research note on Friday, February 6th. Finally, Robert W. Baird set a $33.00 target price on shares of Mueller Water Products in a research note on Friday, February 6th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Mueller Water Products has a consensus rating of "Moderate Buy" and a consensus target price of $31.33.
Read Our Latest Stock Analysis on Mueller Water Products
Institutional Trading of Mueller Water Products
Several hedge funds have recently bought and sold shares of MWA. Fiduciary Management Inc. WI bought a new position in Mueller Water Products in the 4th quarter worth about $75,400,000. First Trust Advisors LP boosted its position in shares of Mueller Water Products by 66.1% during the second quarter. First Trust Advisors LP now owns 5,535,000 shares of the industrial products company's stock worth $133,061,000 after buying an additional 2,203,088 shares during the period. Amundi grew its holdings in Mueller Water Products by 112.2% in the 3rd quarter. Amundi now owns 2,267,340 shares of the industrial products company's stock worth $58,099,000 after buying an additional 1,198,801 shares in the last quarter. Assenagon Asset Management S.A. increased its position in Mueller Water Products by 525.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,393,293 shares of the industrial products company's stock valued at $35,557,000 after acquiring an additional 1,170,683 shares during the period. Finally, Invesco Ltd. increased its position in Mueller Water Products by 19.4% in the 2nd quarter. Invesco Ltd. now owns 5,825,366 shares of the industrial products company's stock valued at $140,042,000 after acquiring an additional 945,258 shares during the period. 91.68% of the stock is currently owned by 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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