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

Mueller Water Products Stock Down 1.6%

Shares of MWA traded down $0.42 during midday trading on Friday, hitting $25.06. The company had a trading volume of 890,844 shares, compared to its average volume of 887,641. The company's 50-day simple moving average is $25.62 and its 200-day simple moving average is $25.29. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.56 and a current ratio of 3.86. The firm has a market capitalization of $3.92 billion, a P/E ratio of 26.66, a P/E/G ratio of 1.35 and a beta of 1.19. Mueller Water Products has a 1 year low of $20.03 and a 1 year high of $28.58.

Mueller Water Products (NYSE:MWA - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.01). The company had revenue of $380.30 million during 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 business's quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.32 EPS. Mueller Water Products has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Mueller Water Products will post 1.24 EPS for the current year.

Mueller Water Products Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Tuesday, August 12th were paid a dividend of $0.067 per share. The ex-dividend date was Tuesday, August 12th. This represents a $0.27 annualized dividend and a yield of 1.1%. Mueller Water Products's payout ratio is presently 28.72%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Cullen Frost Bankers Inc. increased its holdings in shares of Mueller Water Products by 112.5% in 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. Tower Research Capital LLC TRC grew its holdings in Mueller Water Products by 171.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,761 shares of the industrial products company's stock worth $40,000 after acquiring an additional 1,113 shares during the period. Byrne Asset Management LLC grew its holdings in Mueller Water Products by 73.1% during the first quarter. Byrne Asset Management LLC now owns 1,558 shares of the industrial products company's stock worth $40,000 after acquiring an additional 658 shares during the period. Olde Wealth Management LLC acquired a new position in Mueller Water Products during the first quarter worth $42,000. Finally, 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. Institutional investors and hedge funds own 91.68% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Mueller Water Products from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target 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.