Key Points
- Mueller Water Products director Brian Healy bought 1,166 shares on May 15 at an average price of $25.75, spending about $30,024.50. The purchase increased his holdings by 5.16% and was made under a pre-arranged Rule 10b5-1 plan.
- The stock was trading slightly higher, opening at $25.65 and up 0.6% in recent trading. It remains below its 50-day and 200-day moving averages, with shares ranging from a 12-month low of $22.74 to a high of $31.00.
- Wall Street remains moderately bullish on MWA, with a consensus rating of “Moderate Buy” and an average target price of $31.25. The company also pays a quarterly dividend of $0.07 per share, or $0.28 annually, for a yield of about 1.1%.
Mueller Water Products (NYSE:MWA - Get Free Report) Director Brian Healy purchased 1,166 shares of the firm's stock in a transaction dated Friday, May 15th. The shares were bought at an average price of $25.75 per share, with a total value of $30,024.50. Following the purchase, the director owned 23,763 shares in the company, valued at $611,897.25. The trade was a 5.16% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Mueller Water Products Trading Up 0.6%
Shares of MWA stock opened at $25.65 on Tuesday. The company has a 50 day moving average of $27.74 and a 200-day moving average of $26.64. The company has a quick ratio of 2.92, a current ratio of 4.57 and a debt-to-equity ratio of 0.42. Mueller Water Products has a 12-month low of $22.74 and a 12-month high of $31.00. The firm has a market cap of $4.01 billion, a P/E ratio of 19.58, a PEG ratio of 1.16 and a beta of 1.08.
Mueller Water Products (NYSE:MWA - Get Free Report) last issued its quarterly earnings results on Tuesday, April 21st. The industrial products company reported $2.16 earnings per share (EPS) for the quarter. Mueller Water Products had a net margin of 14.17% and a return on equity of 22.11%. The company had revenue of $1.19 billion during the quarter. Sell-side analysts anticipate that Mueller Water Products will post 1.47 earnings per share for the current year.
Mueller Water Products Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 20th. Investors of record on Monday, May 11th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Monday, May 11th. Mueller Water Products's payout ratio is currently 21.37%.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on MWA. Robert W. Baird set a $33.00 price objective on Mueller Water Products in a research note on Friday, February 6th. Royal Bank Of Canada boosted their price objective on Mueller Water Products from $30.00 to $31.00 and gave the company a "sector perform" rating in a research note on Thursday, May 7th. The Goldman Sachs Group restated a "neutral" rating and issued a $29.00 price objective on shares of Mueller Water Products in a research note on Wednesday, May 6th. Finally, Oppenheimer restated an "outperform" rating and issued a $32.00 price objective (up from $30.00) on shares of Mueller Water Products in a research note on Monday, February 9th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $31.25.
View Our Latest Research Report on MWA
Institutional Investors Weigh In On Mueller Water Products
Hedge funds and other institutional investors have recently modified their holdings of the stock. Danske Bank A S increased its position in shares of 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 during the period. Strive Financial Group LLC bought a new stake in shares of Mueller Water Products during the fourth quarter valued at about $26,000. Covestor Ltd increased its position 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 buying an additional 597 shares during the period. Smartleaf Asset Management LLC increased its position in shares of Mueller Water Products by 47.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,323 shares of the industrial products company's stock worth $32,000 after purchasing an additional 423 shares during the last quarter. Finally, Flagship Harbor Advisors LLC bought a new position in shares of Mueller Water Products in the fourth quarter worth approximately $34,000. 91.68% of the stock is currently owned by institutional investors.
About Mueller Water Products
(
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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