Brian Healy Acquires 1,070 Shares of MUELLER WATER PRODUCTS (NYSE:MWA) Stock

Key Points

• Brian Healy, a director at Mueller Water Products, purchased 1,070 shares of the company's stock at an average price of $25.78, raising his total ownership to 16,800 shares.
• Mueller Water Products reported quarterly earnings of $0.34 per share, slightly below analysts' expectations, while revenue increased by 6.6% year-over-year.
• The company announced a quarterly dividend of $0.067 per share, translating to an annualized dividend of $0.27 and a yield of 1.1%.

MUELLER WATER PRODUCTS (NYSE:MWA - Get Free Report) Director Brian Healy bought 1,070 shares of MUELLER WATER PRODUCTS stock in a transaction dated Tuesday, October 7th. The stock was acquired at an average price of $25.78 per share, for a total transaction of $27,584.60. Following the completion of the acquisition, the director owned 16,800 shares in the company, valued at approximately $433,104. The trade was a 6.80% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

MUELLER WATER PRODUCTS Trading Down 1.0%

MWA traded down $0.26 on Tuesday, hitting $25.45. The company had a trading volume of 839,427 shares, compared to its average volume of 1,674,920. The business's fifty day simple moving average is $25.79 and its 200 day simple moving average is $25.17. The company has a quick ratio of 2.56, a current ratio of 3.86 and a debt-to-equity ratio of 0.48. MUELLER WATER PRODUCTS has a 12-month low of $21.35 and a 12-month high of $28.58. The company has a market cap of $3.98 billion, a PE ratio of 27.08, a PEG ratio of 1.21 and a beta of 1.18.

MUELLER WATER PRODUCTS (NYSE:MWA - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.35 by ($0.01). The company had revenue of $380.30 million for the quarter, compared to analysts' expectations of $366.82 million. MUELLER WATER PRODUCTS had a net margin of 10.67% and a return on equity of 20.89%. The company's revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter last year, the company earned $0.32 earnings per share. MUELLER WATER PRODUCTS has set its FY 2025 guidance at EPS. Equities research analysts expect 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 Thursday, August 21st. Shareholders of record on Tuesday, August 12th were paid a $0.067 dividend. This represents a $0.27 annualized dividend and a yield of 1.1%. The ex-dividend date was Tuesday, August 12th. MUELLER WATER PRODUCTS's payout ratio is 28.72%.

Analyst Ratings Changes

MWA has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of MUELLER WATER PRODUCTS from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. Weiss Ratings reiterated a "buy (b)" rating on shares of MUELLER WATER PRODUCTS in a research note on Saturday, September 27th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $28.33.

Institutional Trading of MUELLER WATER PRODUCTS

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cullen Frost Bankers Inc. lifted its position in MUELLER WATER PRODUCTS by 112.5% during the second quarter. Cullen Frost Bankers Inc. now owns 1,294 shares of the industrial products company's stock valued at $31,000 after purchasing an additional 685 shares during the period. Byrne Asset Management LLC raised its stake in shares of MUELLER WATER PRODUCTS by 73.1% during the 1st quarter. Byrne Asset Management LLC now owns 1,558 shares of the industrial products company's stock valued at $40,000 after buying an additional 658 shares during the last quarter. Olde Wealth Management LLC acquired a new position in shares of MUELLER WATER PRODUCTS in the 1st quarter valued at about $42,000. Nisa Investment Advisors LLC grew its holdings in MUELLER WATER PRODUCTS by 184.6% during the first quarter. Nisa Investment Advisors LLC now owns 1,702 shares of the industrial products company's stock worth $43,000 after acquiring an additional 1,104 shares during the period. Finally, Caitong International Asset Management Co. Ltd raised its position in MUELLER WATER PRODUCTS by 177.7% during the first quarter. Caitong International Asset Management Co. Ltd now owns 2,635 shares of the industrial products company's stock valued at $67,000 after acquiring an additional 1,686 shares in the last quarter. Institutional investors and hedge funds own 91.68% of the company's stock.

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.

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