Mueller Water Products (NYSE:MWA) Releases Earnings Results

Mueller Water Products (NYSE:MWA) posted its quarterly earnings results on Tuesday. The industrial products company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.05, Zacks reports. Mueller Water Products had a return on equity of 19.38% and a net margin of 8.82%.

Mueller Water Products Stock Performance

NYSE:MWA traded up $0.17 during mid-day trading on Tuesday, hitting $23.13. 1,127,632 shares of the company traded hands, compared to its average volume of 1,210,677. The stock’s fifty day moving average price is $23.50 and its 200-day moving average price is $22.23. The company has a quick ratio of 2.16, a current ratio of 3.33 and a debt-to-equity ratio of 0.55. Mueller Water Products has a one year low of $13.49 and a one year high of $26.28. The firm has a market cap of $3.62 billion, a price-to-earnings ratio of 31.68, a price-to-earnings-growth ratio of 1.31 and a beta of 1.38.

Mueller Water Products Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Monday, February 10th will be given a dividend of $0.067 per share. The ex-dividend date is Monday, February 10th. This represents a $0.27 annualized dividend and a yield of 1.16%. Mueller Water Products’s dividend payout ratio (DPR) is presently 36.99%.

Insider Transactions at Mueller Water Products

In other news, Director Lydia W. Thomas sold 10,791 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $24.40, for a total value of $263,300.40. Following the transaction, the director now directly owns 136,405 shares in the company, valued at $3,328,282. The trade was a 7.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Todd P. Helms sold 3,556 shares of the stock in a transaction dated Friday, November 22nd. The stock was 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 $967,848.66. This represents a 8.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 98,433 shares of company stock valued at $2,494,144 over the last quarter. 1.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on MWA shares. Oppenheimer restated an “outperform” rating and set a $27.00 price objective (up previously from $26.00) on shares of Mueller Water Products in a research report on Friday, November 8th. StockNews.com cut Mueller Water Products from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 30th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Mueller Water Products has a consensus rating of “Hold” and an average target price of $22.20.

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.