Key Points
- Director Brian Healy bought 1,376 Mueller Water Products shares at $21.75 each, investing $29,928 under a pre-arranged Rule 10b5-1 plan and increasing his holdings by 5.52%.
- Mueller Water Products recently exceeded quarterly expectations, reporting $0.50 EPS versus the $0.39 consensus and $395.9 million in revenue, up 4.1% year over year.
- Analyst sentiment is mixed, with a consensus “Hold” rating and a $27.40 target price; the company also pays a quarterly dividend of $0.07 per share, yielding about 1.3%.
Mueller Water Products (NYSE:MWA - Get Free Report) Director Brian Healy acquired 1,376 shares of the business's stock in a transaction on Wednesday, October 7th. The stock was acquired at an average price of $21.75 per share, with a total value of $29,928.00. Following the acquisition, the director owned 26,322 shares in the company, valued at $572,503.50. The trade was a 5.52% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Mueller Water Products Trading Up 0.5%
Shares of Mueller Water Products stock opened at $21.67 on Friday. The stock has a market cap of $3.38 billion, a P/E ratio of 15.37, a P/E/G ratio of 0.88 and a beta of 1.01. The stock's 50 day simple moving average is $23.75 and its 200-day simple moving average is $25.47. Mueller Water Products has a 1-year low of $20.90 and a 1-year high of $31.00. 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 (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, beating analysts' consensus estimates of $0.39 by $0.11. Mueller Water Products had a return on equity of 23.55% and a net margin of 15.02%. The business had revenue of $395.90 million during the quarter, compared to analyst estimates of $391.49 million. During the same period in the prior year, the business earned $0.34 earnings per share. The business's revenue was up 4.1% compared to the same quarter last year. Analysts predict that Mueller Water Products will post 1.53 EPS for the current fiscal year.
Mueller Water Products Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Monday, August 10th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.3%. The ex-dividend date was Monday, August 10th. Mueller Water Products's dividend payout ratio is presently 19.86%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio acquired a new position in Mueller Water Products during the 2nd quarter worth $43,000. Sterling Capital Management LLC raised its position in Mueller Water Products by 89.5% in the 1st quarter. Sterling Capital Management LLC now owns 1,935 shares of the industrial products company's stock valued at $53,000 after purchasing an additional 914 shares in the last quarter. Nykredit A S acquired a new stake in Mueller Water Products in the 2nd quarter valued at about $60,000. State of Wyoming purchased a new position in shares of Mueller Water Products in the 1st quarter valued at about $121,000. Finally, GAMMA Investing LLC boosted its stake in shares of Mueller Water Products by 10.4% in the 2nd quarter. GAMMA Investing LLC now owns 4,487 shares of the industrial products company's stock valued at $116,000 after buying an additional 421 shares during the period. 91.68% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research analysts have recently commented on the company. Weiss Ratings lowered Mueller Water Products from a "buy (b)" rating to a "buy (b-)" rating in a report on Wednesday, September 16th. Barclays assumed coverage on shares of Mueller Water Products in a report on Tuesday, June 30th. They issued an "underweight" rating and a $25.00 price objective for the company. The Goldman Sachs Group reduced their target price on shares of Mueller Water Products from $29.00 to $24.00 and set a "neutral" rating on the stock in a research note on Friday. Royal Bank Of Canada lowered shares of Mueller Water Products from a "sector perform" rating to an "underperform" rating and decreased their target price for the company from $30.00 to $21.00 in a report on Wednesday, September 16th. Finally, Wall Street Zen cut shares of Mueller Water Products from a "buy" rating to a "hold" rating in a research note on Saturday. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, Mueller Water Products has a consensus rating of "Hold" and a consensus target price of $27.40.
Get Our Latest Analysis on Mueller Water Products
Mueller Water Products Company Profile
(
Get Free Report)
Mueller Water Products, Inc develops and manufactures products used to build, maintain and monitor water transmission and distribution systems. Its offerings help utilities and other infrastructure operators control water flow, connect and repair pipelines, manage pressure and identify leaks.
The company's product portfolio includes water valves, fire hydrants, pipe fittings and repair products, metering and monitoring systems, leak-detection technologies, and related flow-control equipment.
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