Brian C. Healy Acquires 2,650 Shares of Mueller Water Products, Inc. (NYSE:MWA) Stock

Mueller Water Products, Inc. (NYSE:MWA - Get Free Report) Director Brian C. Healy acquired 2,650 shares of the business's stock in a transaction that occurred on Wednesday, May 15th. The shares were acquired at an average cost of $19.18 per share, for a total transaction of $50,827.00. Following the completion of the acquisition, the director now owns 2,650 shares of the company's stock, valued at $50,827. The transaction was disclosed in a filing with the SEC, which is available through this link.

Mueller Water Products Stock Performance

Shares of MWA traded up $0.05 during trading hours on Thursday, reaching $19.17. 990,153 shares of the company traded hands, compared to its average volume of 1,234,688. The stock has a market capitalization of $2.98 billion, a P/E ratio of 29.95, a P/E/G ratio of 2.02 and a beta of 1.33. The company has a quick ratio of 2.08, a current ratio of 3.53 and a debt-to-equity ratio of 0.59. Mueller Water Products, Inc. has a 12-month low of $12.11 and a 12-month high of $19.43. The business has a fifty day moving average price of $16.26 and a 200-day moving average price of $14.84.

Mueller Water Products (NYSE:MWA - Get Free Report) last announced its quarterly earnings data on Monday, May 6th. The industrial products company reported $0.30 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.15. The firm had revenue of $353.40 million for the quarter, compared to analyst estimates of $299.62 million. Mueller Water Products had a net margin of 8.10% and a return on equity of 16.97%. The business's quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.14 earnings per share. Equities analysts anticipate that Mueller Water Products, Inc. will post 0.79 EPS for the current fiscal year.

Mueller Water Products Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Friday, May 10th will be given a dividend of $0.064 per share. The ex-dividend date is Thursday, May 9th. This represents a $0.26 dividend on an annualized basis and a yield of 1.34%. Mueller Water Products's dividend payout ratio is presently 40.63%.

Analyst Ratings Changes

MWA has been the topic of several research reports. StockNews.com raised shares of Mueller Water Products from a "hold" rating to a "buy" rating in a report on Thursday, May 9th. Robert W. Baird lifted their price objective on shares of Mueller Water Products from $18.00 to $24.00 and gave the company a "neutral" rating in a report on Wednesday, May 8th. Oppenheimer raised shares of Mueller Water Products from a "market perform" rating to an "outperform" rating and set a $19.00 price objective on the stock in a report on Thursday, April 18th. Royal Bank of Canada lifted their price target on shares of Mueller Water Products from $17.00 to $20.00 and gave the stock a "sector perform" rating in a report on Wednesday, May 8th. Finally, The Goldman Sachs Group lifted their price target on shares of Mueller Water Products from $15.00 to $17.00 and gave the stock a "neutral" rating in a report on Tuesday, February 13th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Mueller Water Products has an average rating of "Hold" and a consensus target price of $20.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Mueller Water Products by 1.5% during the first quarter. Vanguard Group Inc. now owns 15,231,209 shares of the industrial products company's stock valued at $245,070,000 after purchasing an additional 227,843 shares during the period. Nuance Investments LLC raised its position in shares of Mueller Water Products by 8.4% in the fourth quarter. Nuance Investments LLC now owns 13,161,657 shares of the industrial products company's stock worth $189,528,000 after acquiring an additional 1,022,785 shares during the period. Franklin Resources Inc. raised its position in shares of Mueller Water Products by 14.9% in the fourth quarter. Franklin Resources Inc. now owns 7,498,710 shares of the industrial products company's stock worth $107,981,000 after acquiring an additional 974,333 shares during the period. Brown Advisory Inc. raised its position in shares of Mueller Water Products by 6.8% in the fourth quarter. Brown Advisory Inc. now owns 6,740,893 shares of the industrial products company's stock worth $97,069,000 after acquiring an additional 430,572 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Mueller Water Products by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,417,005 shares of the industrial products company's stock worth $78,006,000 after acquiring an additional 138,018 shares during the period. 91.68% of the stock is currently owned by institutional investors and hedge funds.

Mueller Water Products Company Profile

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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