Mueller Water Products, Inc. (NYSE:MWA) Director Acquires $50,827.00 in Stock

Mueller Water Products, Inc. (NYSE:MWAGet Free Report) Director Brian C. Healy bought 2,650 shares of Mueller Water Products stock in a transaction dated Wednesday, May 15th. The stock was purchased at an average price of $19.18 per share, with a total value of $50,827.00. Following the purchase, the director now owns 2,650 shares in the company, valued at $50,827. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Mueller Water Products Trading Up 0.2 %

NYSE:MWA opened at $19.20 on Friday. Mueller Water Products, Inc. has a 12 month low of $12.11 and a 12 month high of $19.43. The company has a current ratio of 3.53, a quick ratio of 2.08 and a debt-to-equity ratio of 0.59. The firm’s 50 day moving average is $16.33 and its 200 day moving average is $14.89. The stock has a market capitalization of $2.99 billion, a PE ratio of 30.00, a price-to-earnings-growth ratio of 2.03 and a beta of 1.33.

Mueller Water Products (NYSE:MWAGet Free Report) last issued its earnings results on Monday, May 6th. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.15. The firm had revenue of $353.40 million for the quarter, compared to analyst estimates of $299.62 million. Mueller Water Products had a return on equity of 16.97% and a net margin of 8.10%. The business’s revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.14 earnings per share. Sell-side analysts expect that Mueller Water Products, Inc. will post 0.79 earnings per share for the current year.

Mueller Water Products Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Friday, May 10th will be given a dividend of $0.064 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.26 dividend on an annualized basis and a yield of 1.33%. Mueller Water Products’s dividend payout ratio is presently 40.63%.

Hedge Funds Weigh In On Mueller Water Products

Large investors have recently modified their holdings of the business. Vanguard Personalized Indexing Management LLC lifted its holdings in Mueller Water Products by 7.3% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 10,736 shares of the industrial products company’s stock worth $155,000 after purchasing an additional 735 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Mueller Water Products by 1.2% in the third quarter. Janney Montgomery Scott LLC now owns 73,018 shares of the industrial products company’s stock worth $926,000 after buying an additional 880 shares in the last quarter. Canvas Wealth Advisors LLC boosted its position in shares of Mueller Water Products by 1.7% in the fourth quarter. Canvas Wealth Advisors LLC now owns 57,189 shares of the industrial products company’s stock valued at $793,000 after acquiring an additional 963 shares during the period. State Board of Administration of Florida Retirement System grew its stake in Mueller Water Products by 0.7% during the third quarter. State Board of Administration of Florida Retirement System now owns 159,471 shares of the industrial products company’s stock valued at $2,022,000 after acquiring an additional 1,110 shares in the last quarter. Finally, Truist Financial Corp grew its stake in Mueller Water Products by 6.0% during the fourth quarter. Truist Financial Corp now owns 28,977 shares of the industrial products company’s stock valued at $417,000 after acquiring an additional 1,642 shares in the last quarter. Hedge funds and other institutional investors own 91.68% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on MWA. Robert W. Baird upped their price objective on shares of Mueller Water Products from $18.00 to $24.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 8th. Baird R W raised Mueller Water Products to a “hold” rating in a report on Wednesday, May 8th. StockNews.com upgraded Mueller Water Products from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. Royal Bank of Canada upped their price objective on Mueller Water Products from $17.00 to $20.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 8th. Finally, Oppenheimer upgraded Mueller Water Products from a “market perform” rating to an “outperform” rating and set a $19.00 target price on the stock in a research note on Thursday, April 18th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Mueller Water Products presently has a consensus rating of “Hold” and a consensus price target of $20.00.

View Our Latest Stock Analysis on MWA

Mueller Water Products Company Profile

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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.

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