Mueller Water Products (NYSE:MWA - Get Free Report) Director Christine Ortiz sold 12,048 shares of the business's stock in a transaction on Monday, August 31st. The stock was sold at an average price of $24.23, for a total transaction of $291,923.04. Following the transaction, the director directly owned 30,824 shares in the company, valued at $746,865.52. This trade represents a 28.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Mueller Water Products Price Performance
NYSE:MWA opened at $24.14 on Tuesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.64 and a quick ratio of 3.08. Mueller Water Products has a one year low of $22.74 and a one year high of $31.00. The company has a fifty day moving average price of $25.41 and a 200 day moving average price of $26.77. The stock has a market cap of $3.77 billion, a P/E ratio of 17.12, a PEG ratio of 1.07 and a beta of 1.03.
Mueller Water Products (NYSE:MWA - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The industrial products company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.11. Mueller Water Products had a net margin of 15.02% and a return on equity of 23.55%. The company had revenue of $395.90 million for the quarter, compared to analyst estimates of $391.49 million. During the same period last year, the business posted $0.34 EPS. The business's quarterly revenue was up 4.1% on a year-over-year basis. Analysts anticipate that Mueller Water Products will post 1.53 earnings per share for the current year.
Mueller Water Products Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Monday, August 10th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $0.28 dividend on an annualized basis and a yield of 1.2%. Mueller Water Products's dividend payout ratio (DPR) is 19.86%.
Hedge Funds Weigh In On Mueller Water Products
Several hedge funds and other institutional investors have recently modified their holdings of the stock. California State Teachers Retirement System grew its position in Mueller Water Products by 2,335.3% in the second quarter. California State Teachers Retirement System now owns 4,542,541 shares of the industrial products company's stock valued at $117,334,000 after acquiring an additional 4,356,012 shares during the period. Fiduciary Management Inc. WI bought a new position in shares of Mueller Water Products during the fourth quarter valued at $75,400,000. First Trust Advisors LP lifted its holdings in shares of Mueller Water Products by 34.0% during the first quarter. First Trust Advisors LP now owns 6,036,679 shares of the industrial products company's stock valued at $165,948,000 after acquiring an additional 1,530,193 shares during the period. Amundi boosted its stake in shares of Mueller Water Products by 112.2% in the 3rd quarter. Amundi now owns 2,267,340 shares of the industrial products company's stock valued at $58,099,000 after purchasing an additional 1,198,801 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Mueller Water Products in the 2nd quarter valued at $28,496,000. Institutional investors own 91.68% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms have commented on MWA. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $29.00 price target on shares of Mueller Water Products in a report on Wednesday, May 6th. Weiss Ratings raised Mueller Water Products from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, August 11th. Robert W. Baird set a $35.00 price target on shares of Mueller Water Products in a research note on Friday, August 7th. Royal Bank Of Canada dropped their price objective 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, August 7th. Finally, Wall Street Zen raised shares of Mueller Water Products from a "hold" rating to a "buy" rating in a report on Monday, August 10th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $30.20.
Check Out Our Latest Research Report on MWA
Mueller Water Products Company Profile
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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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