Key Points
- Director Gregg Sengstack bought 25,000 shares on Feb. 25 at an average price of $29.58, a purchase valued at $739,500 that leaves him with 25,000 shares outstanding (disclosed in an SEC filing).
- Mueller reported quarterly results on Feb. 4 with EPS of $0.29 versus a $0.27 consensus and revenue of $318.2M (up 4.6% year-over-year), alongside a 22.34% return on equity and a 13.83% net margin.
- The company pays a quarterly dividend of $0.07 ($0.28 annual, ~0.9% yield) and carries a MarketBeat consensus of "Moderate Buy" from analysts with an average price target of $31.33.
Mueller Water Products (NYSE:MWA - Get Free Report) Director Gregg Sengstack acquired 25,000 shares of Mueller Water Products stock in a transaction that occurred on Wednesday, February 25th. The stock was bought at an average cost of $29.58 per share, with a total value of $739,500.00. Following the acquisition, the director directly owned 25,000 shares of the company's stock, valued at approximately $739,500. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Mueller Water Products Stock Up 0.9%
MWA stock opened at $30.16 on Friday. The firm's 50-day moving average is $26.93 and its two-hundred day moving average is $25.85. The company has a market capitalization of $4.72 billion, a price-to-earnings ratio of 23.94, a price-to-earnings-growth ratio of 1.37 and a beta of 1.17. Mueller Water Products has a 52 week low of $22.01 and a 52 week high of $30.47. The company has a current ratio of 4.02, a quick ratio of 2.55 and a debt-to-equity ratio of 0.44.
Mueller Water Products (NYSE:MWA - Get Free Report) last announced its earnings results on Wednesday, February 4th. The industrial products company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.27 by $0.02. The firm had revenue of $318.20 million for the quarter, compared to analysts' expectations of $315.26 million. Mueller Water Products had a return on equity of 22.34% and a net margin of 13.83%.The firm's quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.25 earnings per share. On average, analysts forecast that Mueller Water Products will post 1.24 earnings per share for the current fiscal year.
Mueller Water Products Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Tuesday, February 10th were issued a $0.07 dividend. The ex-dividend date was Tuesday, February 10th. This represents a $0.28 annualized dividend and a dividend yield of 0.9%. Mueller Water Products's dividend payout ratio is 22.22%.
Hedge Funds Weigh In On Mueller Water Products
A number of institutional investors have recently bought and sold shares of MWA. Danske Bank A S lifted its stake in Mueller Water Products by 266.7% during the fourth quarter. Danske Bank A S now owns 1,100 shares of the industrial products company's stock valued at $26,000 after buying an additional 800 shares in the last quarter. Strive Financial Group LLC purchased a new position in shares of Mueller Water Products in the fourth quarter worth approximately $26,000. Covestor Ltd raised its holdings in shares of Mueller Water Products by 131.8% during the third quarter. Covestor Ltd now owns 1,050 shares of the industrial products company's stock valued at $27,000 after acquiring an additional 597 shares during the period. Smartleaf Asset Management LLC lifted its position 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 acquiring an additional 423 shares in the last quarter. Finally, Flagship Harbor Advisors LLC acquired a new position in Mueller Water Products in the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 91.68% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on MWA shares. Oppenheimer reiterated an "outperform" rating and issued a $32.00 price target (up from $30.00) on shares of Mueller Water Products in a research report on Monday, February 9th. Royal Bank Of Canada boosted their target price on shares of Mueller Water Products from $27.00 to $29.00 and gave the stock a "sector perform" rating in a report 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 analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $31.33.
Check Out Our Latest Stock Report on Mueller Water Products
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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