Mueller Water Products (NYSE:MWA) CAO Sells $227,335.77 in Stock

Key Points

• Suzanne G. Smith, the Chief Accounting Officer of Mueller Water Products, sold 8,621 shares for a total of $227,335.77, reducing her position by 91.89% and leaving her with only 761 shares valued at approximately $20,067.57.
• Mueller Water Products reported $0.34 earnings per share (EPS) for the last quarter, missing the consensus estimate by $0.01; however, revenue increased by 6.6% from the same quarter last year.
• The company recently declared a quarterly dividend of $0.067, which reflects an annualized yield of 1.0% with a dividend payout ratio of 27.66%.

Mueller Water Products (NYSE:MWA - Get Free Report) CAO Suzanne G. Smith sold 8,621 shares of Mueller Water Products stock in a transaction on Friday, August 15th. The shares were sold at an average price of $26.37, for a total transaction of $227,335.77. Following the completion of the transaction, the chief accounting officer directly owned 761 shares of the company's stock, valued at $20,067.57. The trade was a 91.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Mueller Water Products Stock Performance

MWA traded down $0.05 on Monday, reaching $26.19. The stock had a trading volume of 588,369 shares, compared to its average volume of 1,818,484. Mueller Water Products has a 12-month low of $19.23 and a 12-month high of $28.58. The company has a current ratio of 3.86, a quick ratio of 2.56 and a debt-to-equity ratio of 0.48. The business's 50-day moving average price is $24.74 and its two-hundred day moving average price is $25.26. The company has a market cap of $4.09 billion, a P/E ratio of 27.86, a price-to-earnings-growth ratio of 1.39 and a beta of 1.18.

Mueller Water Products (NYSE:MWA - Get Free Report) last announced its earnings results 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). Mueller Water Products had a net margin of 10.67% and a return on equity of 20.89%. The company had revenue of $380.30 million during the quarter, compared to analyst estimates of $366.82 million. During the same quarter last year, the business earned $0.32 EPS. The firm's revenue for the quarter was up 6.6% compared to the same quarter last year. Sell-side analysts forecast that Mueller Water Products will post 1.24 earnings per share for the current year.

Mueller Water Products Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Tuesday, August 12th will be given a $0.067 dividend. The ex-dividend date is Tuesday, August 12th. This represents a $0.27 annualized dividend and a dividend yield of 1.0%. Mueller Water Products's dividend payout ratio (DPR) is 27.66%.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Mueller Water Products from a "hold" rating to a "buy" rating in a report on Saturday, July 12th.

Institutional Trading of Mueller Water Products

Several institutional investors have recently modified their holdings of MWA. LPL Financial LLC grew its position in shares of Mueller Water Products by 24.8% in the fourth quarter. LPL Financial LLC now owns 17,727 shares of the industrial products company's stock valued at $399,000 after purchasing an additional 3,520 shares during the period. Wells Fargo & Company MN grew its position in shares of Mueller Water Products by 44.4% in the fourth quarter. Wells Fargo & Company MN now owns 130,685 shares of the industrial products company's stock valued at $2,940,000 after purchasing an additional 40,155 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Mueller Water Products by 6.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 70,206 shares of the industrial products company's stock valued at $1,580,000 after purchasing an additional 4,292 shares during the period. Summit Investment Advisors Inc. grew its position in shares of Mueller Water Products by 5.0% in the fourth quarter. Summit Investment Advisors Inc. now owns 16,255 shares of the industrial products company's stock valued at $366,000 after purchasing an additional 768 shares during the period. Finally, Barclays PLC grew its position in shares of Mueller Water Products by 11.0% in the fourth quarter. Barclays PLC now owns 295,429 shares of the industrial products company's stock valued at $6,647,000 after purchasing an additional 29,274 shares during the period. 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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