Key Points
- Mueller Water Products CEO Paul McAndrew sold 40,000 shares at an average price of $26.39, totaling approximately $1.06 million. The transaction, conducted under a Rule 10b5-1 plan, reduced his direct ownership by 48.45% to 42,556 shares.
- The company reported a strong latest quarter, with earnings per share of $0.50 beating estimates of $0.39 and revenue rising 4.1% year over year to $395.9 million.
- MWA pays a quarterly dividend of $0.07 per share, equal to a 1.1% annualized yield. Analysts’ overall rating is “Hold,” with an average price target of $30.20 versus the stock’s opening price of $26.06.
Mueller Water Products (NYSE:MWA - Get Free Report) CEO Paul Mcandrew sold 40,000 shares of the firm's stock in a transaction on Monday, August 10th. The stock was sold at an average price of $26.39, for a total transaction of $1,055,600.00. Following the transaction, the chief executive officer directly owned 42,556 shares in the company, valued at $1,123,052.84. The trade was a 48.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Mueller Water Products Price Performance
Shares of NYSE:MWA opened at $26.06 on Tuesday. The company has a 50-day simple moving average of $25.56 and a 200-day simple moving average of $27.03. Mueller Water Products has a one year low of $22.74 and a one year high of $31.00. The company has a debt-to-equity ratio of 0.40, a quick ratio of 3.08 and a current ratio of 4.64. The stock has a market capitalization of $4.07 billion, a price-to-earnings ratio of 18.48, a PEG ratio of 1.17 and a beta of 1.03.
Mueller Water Products (NYSE:MWA - Get Free Report) last announced its earnings results on Wednesday, August 5th. The industrial products company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.11. The business had revenue of $395.90 million during the quarter, compared to the consensus estimate of $391.49 million. Mueller Water Products had a net margin of 15.02% and a return on equity of 23.55%. The business's quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.34 earnings per share. On average, analysts predict that Mueller Water Products will post 1.53 EPS for the current year.
Mueller Water Products Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Monday, August 10th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Monday, August 10th. Mueller Water Products's dividend payout ratio (DPR) is presently 19.86%.
Institutional Investors Weigh In On Mueller Water Products
Large investors have recently added to or reduced their stakes in the business. Danske Bank A S increased its holdings in Mueller Water Products by 266.7% during the 4th quarter. Danske Bank A S now owns 1,100 shares of the industrial products company's stock valued at $26,000 after acquiring an additional 800 shares in the last quarter. Strive Financial Group LLC purchased a new stake in shares of Mueller Water Products in the fourth quarter valued at about $26,000. Smartleaf Asset Management LLC lifted its holdings 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 valued at $32,000 after purchasing an additional 423 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new stake in shares of Mueller Water Products in the fourth quarter valued at approximately $34,000. Finally, Steward Partners Investment Advisory LLC grew its position in shares of Mueller Water Products by 44.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,517 shares of the industrial products company's stock valued at $36,000 after purchasing an additional 469 shares during the last quarter. 91.68% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
MWA has been the topic of a number of recent research reports. Wall Street Zen raised Mueller Water Products from a "hold" rating to a "buy" rating in a report on Monday. The Goldman Sachs Group reiterated a "neutral" rating and issued a $29.00 price objective on shares of Mueller Water Products in a research report on Wednesday, May 6th. Weiss Ratings cut shares of Mueller Water Products from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday, July 24th. Barclays assumed coverage on shares of Mueller Water Products in a research report on Tuesday, June 30th. They set an "underweight" rating and a $25.00 price objective for the company. Finally, Royal Bank Of Canada reduced their target price on shares of Mueller Water Products from $31.00 to $30.00 and set a "sector perform" rating for the company in a research note on Friday. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Mueller Water Products presently has an average rating of "Hold" and an average target price of $30.20.
View Our Latest Report on MWA
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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