Insider Selling: Mueller Water Products (NYSE:MWA) Director Sells $627,730.75 in Stock

Mueller Water Products (NYSE:MWA) Director Thomas Hansen sold 24,005 shares of the firm’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $26.15, for a total transaction of $627,730.75. Following the sale, the director owned 86,163 shares in the company, valued at approximately $2,253,162.45. The trade was 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 link.

Mueller Water Products Trading Down 0.6%

Shares of NYSE:MWA opened at $26.2350 on Thursday. Mueller Water Products has a 12 month low of $19.23 and a 12 month high of $28.58. The company has a quick ratio of 2.56, a current ratio of 3.86 and a debt-to-equity ratio of 0.48. The company’s fifty day simple moving average is $24.82 and its 200 day simple moving average is $25.27. The firm has a market cap of $4.10 billion, a price-to-earnings ratio of 27.91, a PEG ratio of 1.40 and a beta of 1.18.

Mueller Water Products (NYSE:MWA) last issued its quarterly earnings data on Monday, August 4th. The industrial products company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). Mueller Water Products had a return on equity of 20.89% and a net margin of 10.67%.The company had revenue of $380.30 million for the quarter, compared to analyst estimates of $366.82 million. During the same quarter in the previous year, the business earned $0.32 earnings per share. The company’s revenue was up 6.6% on a year-over-year basis. Mueller Water Products has set its FY 2025 guidance at EPS. As a group, research analysts forecast that Mueller Water Products will post 1.24 EPS for the current fiscal year.

Mueller Water Products Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Tuesday, August 12th will be issued a dividend of $0.067 per share. This represents a $0.27 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Tuesday, August 12th. Mueller Water Products’s dividend payout ratio (DPR) is presently 27.66%.

Institutional Investors Weigh In On Mueller Water Products

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MWA. Van Hulzen Asset Management LLC grew its position in shares of Mueller Water Products by 0.8% in the 1st quarter. Van Hulzen Asset Management LLC now owns 64,990 shares of the industrial products company’s stock valued at $1,652,000 after acquiring an additional 519 shares during the period. Yousif Capital Management LLC grew its position in shares of Mueller Water Products by 1.1% in the 2nd quarter. Yousif Capital Management LLC now owns 59,034 shares of the industrial products company’s stock valued at $1,419,000 after acquiring an additional 618 shares during the period. Byrne Asset Management LLC grew its position in shares of Mueller Water Products by 73.1% in the 1st quarter. Byrne Asset Management LLC now owns 1,558 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 658 shares during the period. Xponance Inc. grew its position in shares of Mueller Water Products by 6.0% in the 1st quarter. Xponance Inc. now owns 11,726 shares of the industrial products company’s stock valued at $298,000 after acquiring an additional 660 shares during the period. Finally, Envestnet Portfolio Solutions Inc. grew its position in shares of Mueller Water Products by 5.9% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 11,953 shares of the industrial products company’s stock valued at $287,000 after acquiring an additional 661 shares during the period. 91.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Mueller Water Products from a “hold” rating to a “buy” rating in a report on Saturday, July 12th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Mueller Water Products currently has a consensus rating of “Hold” and an average target price of $28.33.

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.