Mueller Water Products, Inc. (NYSE:MWA) SVP Todd P. Helms Sells 3,556 Shares

Mueller Water Products, Inc. (NYSE:MWA) SVP Todd P. Helms sold 3,556 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $25.02, for a total value of $88,971.12. Following the sale, the senior vice president now owns 38,683 shares of the company’s stock, valued at approximately $967,848.66. This represents a 8.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Mueller Water Products Stock Down 1.9 %

MWA stock opened at $25.26 on Wednesday. Mueller Water Products, Inc. has a twelve month low of $13.08 and a twelve month high of $26.28. The company has a quick ratio of 2.16, a current ratio of 3.33 and a debt-to-equity ratio of 0.55. The stock has a market cap of $3.95 billion, a P/E ratio of 34.60, a PEG ratio of 1.46 and a beta of 1.34. The business’s 50-day moving average price is $22.70 and its 200-day moving average price is $20.46.

Mueller Water Products (NYSE:MWA) last posted its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $0.22 EPS for the quarter, hitting analysts’ consensus estimates of $0.22. Mueller Water Products had a return on equity of 19.38% and a net margin of 8.82%. The company had revenue of $348.20 million for the quarter, compared to analysts’ expectations of $324.80 million. During the same period in the previous year, the firm earned $0.19 EPS. The firm’s revenue was up 15.5% compared to the same quarter last year. On average, equities research analysts forecast that Mueller Water Products, Inc. will post 1.17 EPS for the current year.

Mueller Water Products Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Friday, November 8th were issued a dividend of $0.067 per share. This represents a $0.27 annualized dividend and a dividend yield of 1.06%. This is a boost from Mueller Water Products’s previous quarterly dividend of $0.06. The ex-dividend date was Friday, November 8th. Mueller Water Products’s dividend payout ratio is 36.99%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. TD Cowen downgraded Mueller Water Products from a “buy” rating to a “hold” rating and boosted their price target for the company from $19.00 to $20.00 in a research note on Friday, August 9th. Royal Bank of Canada boosted their price target on Mueller Water Products from $20.00 to $23.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 7th. Oppenheimer reaffirmed an “outperform” rating and set a $27.00 price objective (up from $26.00) on shares of Mueller Water Products in a research report on Friday, November 8th. Finally, StockNews.com cut Mueller Water Products from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Mueller Water Products currently has an average rating of “Hold” and a consensus target price of $22.20.

Institutional Trading of Mueller Water Products

Several hedge funds have recently modified their holdings of MWA. V Square Quantitative Management LLC purchased a new stake in shares of Mueller Water Products during the 3rd quarter worth approximately $26,000. Allspring Global Investments Holdings LLC bought a new position in shares of Mueller Water Products during the 2nd quarter valued at approximately $72,000. National Bank of Canada FI increased its position in shares of Mueller Water Products by 44.2% during the 2nd quarter. National Bank of Canada FI now owns 4,757 shares of the industrial products company’s stock valued at $83,000 after purchasing an additional 1,457 shares during the last quarter. Quarry LP grew its position in Mueller Water Products by 341.0% in the 2nd quarter. Quarry LP now owns 5,632 shares of the industrial products company’s stock valued at $101,000 after acquiring an additional 4,355 shares during the last quarter. Finally, Blue Trust Inc. grew its position in Mueller Water Products by 434.6% in the 3rd quarter. Blue Trust Inc. now owns 4,892 shares of the industrial products company’s stock valued at $106,000 after acquiring an additional 3,977 shares during the last quarter. 91.68% of the stock is owned by hedge funds and other institutional investors.

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.