Thomas J. Hansen Sells 10,791 Shares of Mueller Water Products, Inc. (NYSE:MWA) Stock

Mueller Water Products, Inc. (NYSE:MWA) Director Thomas J. Hansen sold 10,791 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $20.55, for a total value of $221,755.05. Following the sale, the director now owns 102,792 shares of the company’s stock, valued at approximately $2,112,375.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Mueller Water Products Price Performance

Shares of MWA traded up $0.16 during midday trading on Monday, hitting $20.59. The company’s stock had a trading volume of 458,414 shares, compared to its average volume of 1,263,299. 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 one year low of $12.13 and a one year high of $21.02. The stock has a market capitalization of $3.21 billion, a price-to-earnings ratio of 32.16, a price-to-earnings-growth ratio of 1.96 and a beta of 1.33. The company’s fifty day simple moving average is $19.02 and its two-hundred day simple moving average is $17.28.

Mueller Water Products (NYSE:MWA) last posted its quarterly earnings results on Monday, August 5th. The industrial products company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.10. Mueller Water Products had a net margin of 8.10% and a return on equity of 16.97%. The company had revenue of $356.70 million for the quarter, compared to the consensus estimate of $329.67 million. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period last year, the company posted $0.18 EPS. As a group, equities analysts expect that Mueller Water Products, Inc. will post 0.86 earnings per share for the current fiscal year.

Mueller Water Products Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 20th. Shareholders of record on Friday, August 9th will be issued a dividend of $0.064 per share. This represents a $0.26 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Friday, August 9th. Mueller Water Products’s payout ratio is 39.06%.

Hedge Funds Weigh In On Mueller Water Products

A number of hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC increased its stake in shares of Mueller Water Products by 1,340.0% in the fourth quarter. International Assets Investment Management LLC now owns 4,752 shares of the industrial products company’s stock valued at $68,000 after buying an additional 4,422 shares during the period. abrdn plc acquired a new position in Mueller Water Products in the fourth quarter valued at $149,000. Signaturefd LLC boosted its position in Mueller Water Products by 25.1% during the fourth quarter. Signaturefd LLC now owns 17,695 shares of the industrial products company’s stock valued at $255,000 after acquiring an additional 3,553 shares during the last quarter. Handelsbanken Fonder AB raised its position in shares of Mueller Water Products by 33.0% in the 4th quarter. Handelsbanken Fonder AB now owns 39,536 shares of the industrial products company’s stock worth $569,000 after acquiring an additional 9,800 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its position in shares of Mueller Water Products by 13.2% during the 4th quarter. New York State Common Retirement Fund now owns 65,320 shares of the industrial products company’s stock valued at $941,000 after purchasing an additional 7,609 shares in the last quarter. Institutional investors and hedge funds own 91.68% of the company’s stock.

Wall Street Analysts Forecast Growth

MWA has been the topic of several recent research reports. Robert W. Baird increased their price objective on Mueller Water Products from $18.00 to $24.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 8th. Baird R W upgraded shares of Mueller Water Products to a “hold” rating in a research note on Wednesday, May 8th. TD Cowen lowered shares of Mueller Water Products from a “buy” rating to a “hold” rating and increased their target price for the stock from $19.00 to $20.00 in a research report on Friday, August 9th. Royal Bank of Canada lifted their price target on shares of Mueller Water Products from $20.00 to $23.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 7th. Finally, StockNews.com cut Mueller Water Products from a “strong-buy” rating to a “buy” rating in a report on Friday. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $21.60.

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.