Mueller Water Products (NYSE:MWA) Director Purchases $27,461.40 in Stock

Mueller Water Products (NYSE:MWA - Get Free Report) Director Brian C. Healy bought 1,110 shares of the stock in a transaction dated Monday, July 7th. The stock was purchased at an average price of $24.74 per share, with a total value of $27,461.40. Following the acquisition, the director owned 15,730 shares of the company's stock, valued at $389,160.20. The trade was a 7.59% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Mueller Water Products Price Performance

Shares of MWA stock traded up $0.35 during trading hours on Thursday, reaching $25.30. The stock had a trading volume of 866,326 shares, compared to its average volume of 1,584,872. The stock's fifty day simple moving average is $24.60 and its 200 day simple moving average is $24.73. The company has a current ratio of 3.79, a quick ratio of 2.49 and a debt-to-equity ratio of 0.51. Mueller Water Products has a 12 month low of $18.10 and a 12 month high of $28.58. The firm has a market capitalization of $3.96 billion, a PE ratio of 27.80, a PEG ratio of 1.34 and a beta of 1.18.

Mueller Water Products (NYSE:MWA - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The industrial products company reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.02. Mueller Water Products had a net margin of 10.48% and a return on equity of 21.31%. The company had revenue of $364.30 million during the quarter, compared to analyst estimates of $352.30 million. During the same period last year, the business earned $0.30 earnings per share. Mueller Water Products's revenue was up 3.1% compared to the same quarter last year. On average, equities research analysts predict that Mueller Water Products will post 1.24 EPS for the current year.

Mueller Water Products Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Monday, May 12th were given a dividend of $0.067 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.27 annualized dividend and a yield of 1.06%. Mueller Water Products's payout ratio is presently 29.67%.

Institutional Investors Weigh In On Mueller Water Products

Several hedge funds have recently bought and sold shares of MWA. Charles Schwab Investment Management Inc. lifted its position in Mueller Water Products by 0.4% during 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 purchasing an additional 7,567 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Mueller Water Products by 34.2% during the fourth 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 in the last quarter. Assetmark Inc. purchased a new position in shares of Mueller Water Products in the fourth quarter worth $192,000. Arizona State Retirement System increased its stake 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 worth $1,017,000 after buying an additional 379 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of Mueller Water Products in the fourth quarter worth $12,757,000. 91.68% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of Mueller Water Products from a "buy" rating to a "hold" rating in a report on Sunday, June 15th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $26.25.

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.