Thomas J. Hansen Sells 24,005 Shares of Mueller Water Products (NYSE:MWA) Stock

Key Points

• Director Thomas J. Hansen sold 24,005 shares of Mueller Water Products stock for $627,730.75, reducing his ownership by 21.79%.
• The company's stock price saw a minor decline of 0.2%, ending at $26.19, while it has a market cap of $4.09 billion.
• Mueller Water Products announced a quarterly dividend of $0.067 per share, representing a 1.0% yield for investors.

Mueller Water Products (NYSE:MWA - Get Free Report) Director Thomas J. Hansen sold 24,005 shares of the business's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $26.15, for a total value of $627,730.75. Following the completion of the transaction, the director directly owned 86,163 shares in the company, valued at $2,253,162.45. This represents a 21.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Mueller Water Products Stock Down 0.2%

MWA stock traded down $0.05 during trading on Monday, reaching $26.19. 588,369 shares of the stock were exchanged, compared to its average volume of 1,818,484. The firm's 50 day moving average is $24.74 and its 200 day moving average is $25.26. Mueller Water Products has a twelve month low of $19.23 and a twelve 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 firm 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 posted its quarterly earnings results on Monday, August 4th. The industrial products company reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates 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 firm's quarterly revenue was up 6.6% compared to the same quarter last year. During the same period last year, the company posted $0.32 earnings per share. As a group, research analysts forecast that Mueller Water Products will post 1.24 EPS for the current year.

Mueller Water Products Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Tuesday, August 12th will be paid a $0.067 dividend. The ex-dividend date of this dividend 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 is 27.66%.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Mueller Water Products

Several institutional investors and hedge funds have recently modified their holdings of MWA. LPL Financial LLC increased its position in shares of Mueller Water Products by 24.8% during the fourth quarter. LPL Financial LLC now owns 17,727 shares of the industrial products company's stock valued at $399,000 after acquiring an additional 3,520 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Mueller Water Products by 44.4% during 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 acquiring an additional 40,155 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Mueller Water Products by 6.5% during 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 acquiring an additional 4,292 shares during the last quarter. Summit Investment Advisors Inc. increased its position in shares of Mueller Water Products by 5.0% during the fourth quarter. Summit Investment Advisors Inc. now owns 16,255 shares of the industrial products company's stock valued at $366,000 after acquiring an additional 768 shares during the last quarter. Finally, Barclays PLC increased its position in shares of Mueller Water Products by 11.0% during the fourth quarter. Barclays PLC now owns 295,429 shares of the industrial products company's stock valued at $6,647,000 after acquiring an additional 29,274 shares during the last quarter. 91.68% of the stock is owned by hedge funds and other institutional investors.

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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