Mueller Water Products (NYSE:MWA - Get Free Report) Director Brian C. Healy purchased 1,110 shares of the business's stock in a transaction on Monday, July 7th. The shares were purchased at an average cost of $24.74 per share, for a total transaction of $27,461.40. Following the transaction, the director owned 15,730 shares of the company's stock, valued at $389,160.20. This trade represents a 7.59% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Mueller Water Products Stock Performance
Shares of MWA stock traded up $0.28 during trading hours on Tuesday, reaching $24.69. The stock had a trading volume of 1,030,272 shares, compared to its average volume of 1,588,331. Mueller Water Products has a twelve month low of $18.05 and a twelve month high of $28.58. The firm has a market capitalization of $3.87 billion, a PE ratio of 27.13, a price-to-earnings-growth ratio of 1.34 and a beta of 1.18. The firm has a 50-day simple moving average of $24.63 and a 200-day simple moving average of $24.73. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.79 and a quick ratio of 2.49.
Mueller Water Products (NYSE:MWA - Get Free Report) last released its earnings results on Monday, May 5th. The industrial products company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.02. The business had revenue of $364.30 million for the quarter, compared to the consensus estimate of $352.30 million. Mueller Water Products had a net margin of 10.48% and a return on equity of 21.31%. The business's revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.30 EPS. As a group, equities analysts forecast that Mueller Water Products will post 1.24 earnings per share for the current year.
Mueller Water Products Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Monday, May 12th were issued a $0.067 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.27 dividend on an annualized basis and a yield of 1.09%. Mueller Water Products's dividend payout ratio is currently 28.57%.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen cut shares of Mueller Water Products from a "buy" rating to a "hold" rating in a research note on Sunday, June 15th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Mueller Water Products has an average rating of "Hold" and a consensus target price of $26.25.
Read Our Latest Analysis on MWA
Hedge Funds Weigh In On Mueller Water Products
Several hedge funds and other institutional investors have recently added to or reduced their stakes in MWA. Charles Schwab Investment Management Inc. lifted its stake in shares of Mueller Water Products by 0.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,952,282 shares of the industrial products company's stock valued at $43,926,000 after buying an additional 7,567 shares during the period. Victory Capital Management Inc. grew its position in Mueller Water Products by 34.2% during the 4th quarter. Victory Capital Management Inc. now owns 649,831 shares of the industrial products company's stock worth $14,621,000 after acquiring an additional 165,581 shares during the last quarter. Assetmark Inc. bought a new stake in Mueller Water Products during the 4th quarter worth about $192,000. Arizona State Retirement System increased its holdings in shares of Mueller Water Products by 0.8% in the fourth quarter. Arizona State Retirement System now owns 45,215 shares of the industrial products company's stock valued at $1,017,000 after purchasing an additional 379 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Mueller Water Products during the fourth quarter valued at $12,757,000. Institutional investors and hedge funds own 91.68% of the company's stock.
About Mueller Water Products
(
Get Free Report)
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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