Key Points
- Todd Helms, SVP of Mueller Water Products, sold 10,720 shares on March 17 at an average price of $27.61 for about $295,979, reducing his holding by 14.26% to 64,477 shares valued at roughly $1.78 million (SEC filing disclosed).
- Mueller Water Products reported a quarterly EPS beat of $0.29 vs. $0.27 consensus and revenue of $318.2M, carries a $4.32B market cap with a 52-week range of $22.01–$31.00, pays a $0.07 quarterly dividend (1.0% yield), and has an average analyst price target around $31.33 ("Moderate Buy").
Mueller Water Products (NYSE:MWA - Get Free Report) SVP Todd Helms sold 10,720 shares of the firm's stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $27.61, for a total value of $295,979.20. Following the transaction, the senior vice president directly owned 64,477 shares of the company's stock, valued at $1,780,209.97. The trade was a 14.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Mueller Water Products Stock Performance
NYSE MWA opened at $27.62 on Wednesday. The company has a quick ratio of 2.55, a current ratio of 4.02 and a debt-to-equity ratio of 0.44. Mueller Water Products has a fifty-two week low of $22.01 and a fifty-two week high of $31.00. The business has a fifty day moving average of $27.98 and a 200-day moving average of $26.01. The stock has a market cap of $4.32 billion, a price-to-earnings ratio of 21.92, a price-to-earnings-growth ratio of 1.27 and a beta of 1.15.
Mueller Water Products (NYSE:MWA - Get Free Report) last posted its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $0.29 EPS for the quarter, topping analysts' consensus estimates of $0.27 by $0.02. Mueller Water Products had a return on equity of 22.34% and a net margin of 13.83%.The firm had revenue of $318.20 million during the quarter, compared to analysts' expectations of $315.26 million. During the same quarter last year, the business posted $0.25 EPS. The firm's quarterly revenue was up 4.6% compared to the same quarter last year. As a group, analysts predict 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 declared a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Tuesday, February 10th were issued a dividend of $0.07 per share. The ex-dividend date was Tuesday, February 10th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.0%. Mueller Water Products's payout ratio is 22.22%.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on MWA shares. Robert W. Baird set a $33.00 target price on shares of Mueller Water Products in a research report on Friday, February 6th. Royal Bank Of Canada boosted their price target on Mueller Water Products from $27.00 to $29.00 and gave the company a "sector perform" rating in a report on Friday, February 6th. Finally, Oppenheimer reissued an "outperform" rating and set a $32.00 price target (up from $30.00) on shares of Mueller Water Products in a research note on Monday, February 9th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $31.33.
Read Our Latest Stock Report on MWA
Institutional Trading of Mueller Water Products
Several institutional investors have recently made changes to their positions in MWA. State Street Corp increased its holdings in shares of Mueller Water Products by 4.2% during the 4th quarter. State Street Corp now owns 6,165,849 shares of the industrial products company's stock worth $146,871,000 after buying an additional 250,461 shares during the last quarter. Invesco Ltd. boosted its holdings in Mueller Water Products by 19.4% in the second 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 last quarter. First Trust Advisors LP grew its position in 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 valued at $133,061,000 after acquiring an additional 2,203,088 shares during the period. Geode Capital Management LLC grew its position in Mueller Water Products by 21.8% during the second quarter. Geode Capital Management LLC now owns 4,449,896 shares of the industrial products company's stock valued at $106,987,000 after acquiring an additional 796,596 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Mueller Water Products by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,613,397 shares of the industrial products company's stock worth $86,075,000 after acquiring an additional 22,056 shares during the last quarter. 91.68% of the stock is 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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