Mueller Water Products (NYSE:MWA) Director Sells $291,923.04 in Stock

Key Points

• Director Christine Ortiz sold 12,048 Mueller Water Products shares for approximately $291,923 at an average price of $24.23. The Rule 10b5-1 transaction reduced her direct holdings by 28.1% to 30,824 shares.
• Mueller Water Products reported quarterly EPS of $0.50, exceeding analyst expectations of $0.39, while revenue rose 4.1% year over year to $395.9 million.
• The stock traded near $24.14, below its 50-day and 200-day moving averages. Analysts maintain an overall “Hold” rating, with an average price target of $30.20, while the company pays a $0.07 quarterly dividend.

Mueller Water Products (NYSE:MWA - Get Free Report) Director Christine Ortiz sold 12,048 shares of the company's stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $24.23, for a total value of $291,923.04. Following the completion of the transaction, the director directly owned 30,824 shares of the company's stock, valued at $746,865.52. The trade was a 28.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Mueller Water Products Price Performance

MWA traded down $0.24 during trading on Monday, hitting $24.14. The company's stock had a trading volume of 846,987 shares, compared to its average volume of 1,174,201. The company has a current ratio of 4.64, a quick ratio of 3.08 and a debt-to-equity ratio of 0.40. Mueller Water Products has a twelve month low of $22.74 and a twelve month high of $31.00. The business's fifty day simple moving average is $25.44 and its 200 day simple moving average is $26.81. The firm has a market capitalization of $3.77 billion, a price-to-earnings ratio of 17.12, a P/E/G ratio of 1.07 and a beta of 1.03.

Mueller Water Products (NYSE:MWA - Get Free Report) last announced its earnings results on Wednesday, August 5th. The industrial products company reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.11. Mueller Water Products had a return on equity of 23.55% and a net margin of 15.02%.The firm had revenue of $395.90 million for the quarter, compared to analyst estimates of $391.49 million. During the same quarter last year, the firm posted $0.34 EPS. The business's revenue was up 4.1% on a year-over-year basis. On average, equities research analysts forecast that Mueller Water Products will post 1.53 EPS for the current fiscal year.

Mueller Water Products Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Monday, August 10th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.2%. Mueller Water Products's payout ratio is currently 19.86%.

Hedge Funds Weigh In On Mueller Water Products

Institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its holdings in shares of Mueller Water Products by 25.3% during the 1st quarter. Royal Bank of Canada now owns 153,043 shares of the industrial products company's stock worth $3,890,000 after acquiring an additional 30,862 shares during the period. AQR Capital Management LLC increased its position in Mueller Water Products by 87.2% during the first quarter. AQR Capital Management LLC now owns 122,472 shares of the industrial products company's stock worth $3,113,000 after purchasing an additional 57,053 shares during the last quarter. Great Lakes Advisors LLC purchased a new position in Mueller Water Products during the first quarter worth about $205,000. United Services Automobile Association purchased a new position in Mueller Water Products during the first quarter worth about $212,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Mueller Water Products by 10.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 572,686 shares of the industrial products company's stock valued at $14,558,000 after purchasing an additional 56,404 shares during the last quarter. Hedge funds and other institutional investors own 91.68% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Robert W. Baird set a $35.00 price objective on Mueller Water Products in a report on Friday, August 7th. Weiss Ratings raised Mueller Water Products from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, August 11th. Royal Bank Of Canada reduced their price objective on Mueller Water Products from $31.00 to $30.00 and set a "sector perform" rating for the company in a research note on Friday, August 7th. Barclays started coverage on Mueller Water Products in a report on Tuesday, June 30th. They issued an "underweight" rating and a $25.00 price objective on the stock. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and set a $29.00 target price on shares of Mueller Water Products in a research note on Wednesday, May 6th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $30.20.

Mueller Water Products Company Profile

Mueller Water Products, Inc is a leading provider of water infrastructure and flow control products and services designed to help water utilities and municipalities manage, control and measure their water distribution systems. The company's portfolio includes a comprehensive range of products such as fire hydrants, valves, pipe repair systems, fittings and couplings, along with advanced metering and monitoring solutions. By combining traditional mechanical components with digital technologies, Mueller Water Products addresses the critical need for reliable and sustainable water distribution across North America.

The company's operations are organized around two primary business segments.

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