Insider Selling: Mueller Water Products (NYSE:MWA) CEO Sells $1,055,600.00 in Stock

Key Points

• CEO Paul McAndrew sold 40,000 Mueller Water Products shares for approximately $1.06 million under a pre-arranged Rule 10b5-1 trading plan, reducing his ownership by 48.45% to 42,556 shares.
• Mueller Water Products shares fell 2.2% to $26.06. The company reported quarterly EPS of $0.50, beating estimates of $0.39, while revenue rose 4.1% year over year to $395.9 million.
• The company declared a quarterly dividend of $0.07 per share, equivalent to a 1.1% annualized yield. Analysts maintain a consensus “Hold” rating with an average price target of $30.20.

Mueller Water Products (NYSE:MWA - Get Free Report) CEO Paul Mcandrew sold 40,000 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $26.39, for a total value of $1,055,600.00. Following the completion of the transaction, the chief executive officer owned 42,556 shares in the company, valued at approximately $1,123,052.84. This represents a 48.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Mueller Water Products Stock Down 2.2%

MWA traded down $0.59 during trading on Monday, hitting $26.06. 1,021,238 shares of the company's stock were exchanged, compared to its average volume of 1,200,688. Mueller Water Products has a fifty-two week low of $22.74 and a fifty-two week high of $31.00. The stock has a market cap of $4.08 billion, a P/E ratio of 18.48, a PEG ratio of 1.17 and a beta of 1.03. The business's 50 day moving average is $25.53 and its two-hundred day moving average is $27.03. The company has a quick ratio of 3.08, a current ratio of 4.64 and a debt-to-equity ratio of 0.40.

Mueller Water Products (NYSE:MWA - Get Free Report) last issued its quarterly earnings data 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 net margin of 15.02% and a return on equity of 23.55%. The firm had revenue of $395.90 million during the quarter, compared to analysts' expectations of $391.49 million. During the same period last year, the company earned $0.34 earnings per share. The business's revenue was up 4.1% on a year-over-year basis. As a group, equities analysts expect that Mueller Water Products will post 1.53 earnings per share for the current fiscal year.

Mueller Water Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Monday, August 10th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Monday, August 10th. Mueller Water Products's payout ratio is currently 19.86%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Royal Bank Of Canada reduced their price target on Mueller Water Products from $31.00 to $30.00 and set a "sector perform" rating for the company in a research report on Friday. Wall Street Zen raised shares of Mueller Water Products from a "hold" rating to a "buy" rating in a report on Monday. Barclays started coverage on shares of Mueller Water Products in a research note on Tuesday, June 30th. They set an "underweight" rating and a $25.00 price objective for the company. Weiss Ratings cut shares of Mueller Water Products from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday, July 24th. Finally, The Goldman Sachs Group restated a "neutral" rating and set a $29.00 price target on shares of Mueller Water Products in a research report on Wednesday, May 6th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $30.20.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fiduciary Management Inc. WI purchased a new position in Mueller Water Products in the 4th quarter worth $75,400,000. First Trust Advisors LP lifted its stake in shares of Mueller Water Products by 34.0% in the 1st quarter. First Trust Advisors LP now owns 6,036,679 shares of the industrial products company's stock valued at $165,948,000 after acquiring an additional 1,530,193 shares during the last quarter. Amundi boosted its holdings in Mueller Water Products by 112.2% during the 3rd quarter. Amundi now owns 2,267,340 shares of the industrial products company's stock valued at $58,099,000 after acquiring an additional 1,198,801 shares during the period. Bank of New York Mellon Corp bought a new position in Mueller Water Products during the 2nd quarter worth approximately $28,496,000. Finally, Qube Research & Technologies Ltd increased its stake in Mueller Water Products by 344.1% in the 2nd quarter. Qube Research & Technologies Ltd now owns 945,613 shares of the industrial products company's stock worth $22,733,000 after purchasing an additional 732,669 shares during the period. 91.68% of the stock is currently owned by hedge funds and other institutional investors.

About Mueller Water Products

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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