Mueller Water Products, Inc. (NYSE:MWA) Director Brian C. Healy Buys 1,115 Shares of Stock

Mueller Water Products, Inc. (NYSE:MWA) Director Brian C. Healy acquired 1,115 shares of Mueller Water Products stock in a transaction that occurred on Monday, January 6th. The stock was purchased at an average cost of $22.32 per share, for a total transaction of $24,886.80. Following the completion of the transaction, the director now directly owns 6,140 shares in the company, valued at $137,044.80. This trade represents a 22.19 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Mueller Water Products Price Performance

NYSE MWA opened at $22.03 on Wednesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.16 and a current ratio of 3.33. The firm’s 50 day moving average price is $23.94 and its 200-day moving average price is $21.68. Mueller Water Products, Inc. has a 52-week low of $13.49 and a 52-week high of $26.28. The company has a market cap of $3.45 billion, a PE ratio of 30.18, a P/E/G ratio of 1.38 and a beta of 1.38.

Mueller Water Products (NYSE:MWA) last released its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.22. Mueller Water Products had a net margin of 8.82% and a return on equity of 19.38%. The firm had revenue of $348.20 million for the quarter, compared to the consensus estimate of $324.80 million. During the same period last year, the firm earned $0.19 earnings per share. The company’s quarterly revenue was up 15.5% on a year-over-year basis. Sell-side analysts forecast that Mueller Water Products, Inc. will post 1.17 EPS for the current fiscal year.

Mueller Water Products Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Friday, November 8th were paid a dividend of $0.067 per share. The ex-dividend date was Friday, November 8th. This is an increase from Mueller Water Products’s previous quarterly dividend of $0.06. This represents a $0.27 dividend on an annualized basis and a dividend yield of 1.22%. Mueller Water Products’s dividend payout ratio (DPR) is currently 35.62%.

Institutional Investors Weigh In On Mueller Water Products

Institutional investors have recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new stake in Mueller Water Products in the third quarter valued at approximately $26,000. Allspring Global Investments Holdings LLC acquired a new stake in Mueller Water Products in the second quarter valued at approximately $72,000. National Bank of Canada FI boosted its stake in Mueller Water Products by 44.2% in the second quarter. National Bank of Canada FI now owns 4,757 shares of the industrial products company’s stock valued at $83,000 after acquiring an additional 1,457 shares in the last quarter. Quarry LP boosted its stake in Mueller Water Products by 341.0% in the second quarter. Quarry LP now owns 5,632 shares of the industrial products company’s stock valued at $101,000 after acquiring an additional 4,355 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of Mueller Water Products by 434.6% during the third quarter. Blue Trust Inc. now owns 4,892 shares of the industrial products company’s stock worth $106,000 after buying an additional 3,977 shares during the period. 91.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MWA has been the topic of a number of research reports. StockNews.com lowered shares of Mueller Water Products from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 30th. Oppenheimer reaffirmed an “outperform” rating and set a $27.00 target price (up from $26.00) on shares of Mueller Water Products in a research report on Friday, November 8th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $22.20.

About Mueller Water Products

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.