Key Points
- Director Christine Ortiz sold 550 Mueller Water Products shares for $13,161.50 under a pre-arranged Rule 10b5-1 plan, following a larger sale of 12,048 shares the previous day.
- Mueller Water Products shares opened at $23.56, near their one-year low, while the company recently reported quarterly EPS of $0.50 and revenue of $395.9 million, exceeding analyst expectations.
- Analysts maintain a mixed outlook, resulting in an overall “Hold” rating and an average price target of $30.20; the company also pays a quarterly dividend of $0.07 per share.
Mueller Water Products (NYSE:MWA - Get Free Report) Director Christine Ortiz sold 550 shares of Mueller Water Products stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $23.93, for a total value of $13,161.50. Following the transaction, the director owned 30,274 shares in the company, valued at $724,456.82. This represents a 1.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Christine Ortiz also recently made the following trade(s):
- On Monday, August 31st, Christine Ortiz sold 12,048 shares of Mueller Water Products stock. The stock was sold at an average price of $24.23, for a total value of $291,923.04.
Mueller Water Products Trading Down 2.4%
Shares of NYSE MWA opened at $23.56 on Wednesday. The company has a current ratio of 4.64, a quick ratio of 3.08 and a debt-to-equity ratio of 0.40. Mueller Water Products has a one year low of $22.74 and a one year high of $31.00. The business has a 50-day moving average price of $25.36 and a two-hundred day moving average price of $26.73. The firm has a market capitalization of $3.68 billion, a PE ratio of 16.71, a PEG ratio of 1.06 and a beta of 1.01.
Mueller Water Products (NYSE:MWA - Get Free Report) last released its earnings results on Wednesday, August 5th. The industrial products company reported $0.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.11. The company 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 company's 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 EPS. As a group, analysts predict that Mueller Water Products will post 1.53 earnings per share for the current fiscal year.
Mueller Water Products Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Monday, August 10th were paid a $0.07 dividend. The ex-dividend date 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 presently 19.86%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Fiduciary Management Inc. WI bought a new stake in shares of Mueller Water Products in the fourth quarter valued at about $75,400,000. Weiss Asset Management LP bought a new position in Mueller Water Products during the first quarter valued at about $1,571,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in Mueller Water Products in the 4th quarter valued at approximately $2,222,000. Intech Investment Management LLC raised its holdings in Mueller Water Products by 58.9% in the 4th quarter. Intech Investment Management LLC now owns 123,367 shares of the industrial products company's stock valued at $2,939,000 after acquiring an additional 45,742 shares in the last quarter. Finally, Walleye Capital LLC bought a new stake in shares of Mueller Water Products in the 1st quarter worth approximately $1,516,000. Institutional investors own 91.68% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on the stock. Weiss Ratings upgraded shares of Mueller Water Products from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, August 11th. Wall Street Zen upgraded Mueller Water Products from a "hold" rating to a "buy" rating in a research note on Monday, August 10th. The Goldman Sachs Group reissued a "neutral" rating and set a $29.00 price objective on shares of Mueller Water Products in a research report on Wednesday, May 6th. Barclays started coverage on Mueller Water Products in a research note on Tuesday, June 30th. They set an "underweight" rating and a $25.00 target price for the company. Finally, Royal Bank Of Canada lowered their target price on Mueller Water Products from $31.00 to $30.00 and set a "sector perform" rating on the stock in a report on Friday, August 7th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $30.20.
Get 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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