Insider Selling: Mueller Water Products (NYSE:MWA) CAO Sells 750 Shares of Stock

Key Points

• Suzanne Smith, the Chief Accounting Officer of Mueller Water Products (NYSE:MWA), sold 750 shares at an average price of $26.79, resulting in a total transaction of $20,092.50 and a 98.30% decrease in her stock ownership.
• Following the transaction, Mueller Water Products' stock price fell to $24.66, with a 12-month high of $28.58 and a low of $19.28 recorded during the same period.
• The company recently reported earnings per share of $0.34 for the last quarter, missing estimates slightly, but reported a revenue increase of 6.6% year-over-year.

Mueller Water Products (NYSE:MWA - Get Free Report) CAO Suzanne Smith sold 750 shares of the stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $26.79, for a total transaction of $20,092.50. Following the completion of the transaction, the chief accounting officer directly owned 13 shares in the company, valued at approximately $348.27. This represents a 98.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Mueller Water Products Stock Performance

Shares of Mueller Water Products stock traded down $2.12 on Tuesday, hitting $24.66. The stock had a trading volume of 2,074,512 shares, compared to its average volume of 1,735,535. Mueller Water Products has a twelve month low of $19.28 and a twelve month high of $28.58. The business's 50 day moving average is $25.60 and its two-hundred day moving average is $25.30. The company has a quick ratio of 2.56, a current ratio of 3.86 and a debt-to-equity ratio of 0.48. The stock has a market cap of $3.85 billion, a price-to-earnings ratio of 26.23, a price-to-earnings-growth ratio of 1.42 and a beta of 1.19.

Mueller Water Products (NYSE:MWA - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The industrial products company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.01). The firm had revenue of $380.30 million for the quarter, compared to analyst estimates of $366.82 million. Mueller Water Products had a return on equity of 20.89% and a net margin of 10.67%.The business's revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.32 earnings per share. Mueller Water Products has set its FY 2025 guidance at EPS. Analysts forecast that Mueller Water Products will post 1.24 EPS for the current year.

Mueller Water Products Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Tuesday, August 12th were given a $0.067 dividend. This represents a $0.27 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, August 12th. Mueller Water Products's payout ratio is presently 27.66%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Van Hulzen Asset Management LLC increased its holdings in Mueller Water Products by 0.8% in the 1st quarter. Van Hulzen Asset Management LLC now owns 64,990 shares of the industrial products company's stock valued at $1,652,000 after buying an additional 519 shares during the period. Yousif Capital Management LLC boosted its position in shares of Mueller Water Products by 1.1% during the 2nd quarter. Yousif Capital Management LLC now owns 59,034 shares of the industrial products company's stock worth $1,419,000 after acquiring an additional 618 shares in the last quarter. Byrne Asset Management LLC increased its stake in Mueller Water Products by 73.1% in the first quarter. Byrne Asset Management LLC now owns 1,558 shares of the industrial products company's stock valued at $40,000 after acquiring an additional 658 shares during the last quarter. Xponance Inc. increased its stake in Mueller Water Products by 6.0% in the first quarter. Xponance Inc. now owns 11,726 shares of the industrial products company's stock valued at $298,000 after acquiring an additional 660 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its position in Mueller Water Products by 5.9% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 11,953 shares of the industrial products company's stock valued at $287,000 after purchasing an additional 661 shares in the last quarter. Institutional investors and hedge funds own 91.68% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Mueller Water Products from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $28.33.

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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