Mueller Water Products, Inc. (NYSE:MWA) Director Purchases $24,738.75 in Stock

Mueller Water Products, Inc. (NYSE:MWA) Director Brian C. Healy purchased 1,125 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The stock was bought at an average cost of $21.99 per share, with a total value of $24,738.75. Following the purchase, the director now owns 5,025 shares of the company’s stock, valued at $110,499.75. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Mueller Water Products Trading Down 2.8 %

Shares of Mueller Water Products stock traded down $0.63 on Tuesday, hitting $22.16. The stock had a trading volume of 3,782,810 shares, compared to its average volume of 1,259,713. The stock has a 50 day moving average of $20.61 and a 200 day moving average of $18.68. Mueller Water Products, Inc. has a twelve month low of $12.13 and a twelve month high of $22.88. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.31 and a current ratio of 3.70. The firm has a market capitalization of $3.45 billion, a P/E ratio of 35.61, a PEG ratio of 1.52 and a beta of 1.34.

Mueller Water Products (NYSE:MWA) last released its quarterly earnings data on Monday, August 5th. The industrial products company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.10. Mueller Water Products had a return on equity of 19.46% and a net margin of 9.71%. The company had revenue of $356.70 million during the quarter, compared to the consensus estimate of $329.67 million. During the same quarter in the prior year, the firm posted $0.18 earnings per share. The firm’s revenue was up 9.2% compared to the same quarter last year. Sell-side analysts expect that Mueller Water Products, Inc. will post 0.93 earnings per share for the current fiscal year.

Mueller Water Products Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 20th. Shareholders of record on Friday, August 9th were issued a dividend of $0.064 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend was Friday, August 9th. Mueller Water Products’s payout ratio is 39.06%.

Wall Street Analyst Weigh In

Several brokerages have commented on MWA. StockNews.com downgraded Mueller Water Products from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, September 25th. Oppenheimer boosted their target price on Mueller Water Products from $22.00 to $24.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. TD Cowen downgraded Mueller Water Products from a “buy” rating to a “hold” rating and boosted their target price for the stock from $19.00 to $20.00 in a research note on Friday, August 9th. Finally, Royal Bank of Canada boosted their target price on Mueller Water Products from $20.00 to $23.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 7th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Mueller Water Products presently has an average rating of “Hold” and a consensus price target of $21.60.

Hedge Funds Weigh In On Mueller Water Products

A number of institutional investors and hedge funds have recently modified their holdings of the business. Diversified Trust Co raised its position in shares of Mueller Water Products by 3.1% during the third quarter. Diversified Trust Co now owns 19,936 shares of the industrial products company’s stock worth $433,000 after purchasing an additional 607 shares during the period. Arizona State Retirement System raised its position in shares of Mueller Water Products by 1.9% during the second quarter. Arizona State Retirement System now owns 43,722 shares of the industrial products company’s stock worth $783,000 after purchasing an additional 819 shares during the period. National Bank of Canada FI raised its position in shares of Mueller Water Products by 44.2% during the second quarter. National Bank of Canada FI now owns 4,757 shares of the industrial products company’s stock worth $83,000 after purchasing an additional 1,457 shares during the period. Mercer Global Advisors Inc. ADV raised its position in shares of Mueller Water Products by 6.1% during the second quarter. Mercer Global Advisors Inc. ADV now owns 32,885 shares of the industrial products company’s stock worth $589,000 after purchasing an additional 1,900 shares during the period. Finally, ProShare Advisors LLC raised its position in shares of Mueller Water Products by 8.5% during the first quarter. ProShare Advisors LLC now owns 27,904 shares of the industrial products company’s stock worth $449,000 after purchasing an additional 2,197 shares during the period. 91.68% of the stock is currently owned by institutional investors.

Mueller Water Products Company Profile

Mueller Water Products, Inc manufactures and markets products and services for the transmission, distribution, and measurement of water used by municipalities, and the residential and non-residential construction industries in the United States, Israel, and internationally. It operates in two segments, Water Flow Solutions and Water Management Solutions.