Mueller Water Products (NYSE:MWA) Director Christine Ortiz Sells 12,048 Shares

Mueller Water Products (NYSE:MWA) Director Christine Ortiz sold 12,048 shares of the firm’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $24.23, for a total value of $291,923.04. Following the transaction, the director directly owned 30,824 shares of the company’s stock, valued at $746,865.52. This represents a 28.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Mueller Water Products Price Performance

Shares of Mueller Water Products stock opened at $24.14 on Tuesday. Mueller Water Products has a 52 week low of $22.74 and a 52 week high of $31.00. The company has a current ratio of 4.64, a quick ratio of 3.08 and a debt-to-equity ratio of 0.40. The stock has a market cap of $3.77 billion, a PE ratio of 17.12, a price-to-earnings-growth ratio of 1.07 and a beta of 1.03. The company’s 50-day moving average price is $25.41 and its two-hundred day moving average price is $26.77.

Mueller Water Products (NYSE:MWA) last released its earnings results on Wednesday, August 5th. The industrial products company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.11. The business had revenue of $395.90 million for the quarter, compared to the consensus estimate of $391.49 million. Mueller Water Products had a net margin of 15.02% and a return on equity of 23.55%. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.34 EPS. As a group, sell-side analysts anticipate that Mueller Water Products will post 1.53 EPS for the current fiscal year.

Mueller Water Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Monday, August 10th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Monday, August 10th. Mueller Water Products’s dividend payout ratio is 19.86%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Royal Bank Of Canada cut their target price on Mueller Water Products from $31.00 to $30.00 and set a “sector perform” rating on the stock in a research report on Friday, August 7th. Wall Street Zen raised Mueller Water Products from a “hold” rating to a “buy” rating in a research note on Monday, August 10th. Barclays began coverage on shares of Mueller Water Products in a research note on Tuesday, June 30th. They set an “underweight” rating and a $25.00 price objective for the company. The Goldman Sachs Group reissued a “neutral” rating and issued a $29.00 target price on shares of Mueller Water Products in a research report on Wednesday, May 6th. Finally, Robert W. Baird set a $35.00 price target on shares of Mueller Water Products in a research report on Friday, August 7th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $30.20.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Danske Bank A S boosted its holdings in Mueller Water Products by 266.7% during the fourth quarter. Danske Bank A S now owns 1,100 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 800 shares during the period. Strive Financial Group LLC bought a new position in shares of Mueller Water Products in the fourth quarter worth about $26,000. Smartleaf Asset Management LLC lifted its position in shares of Mueller Water Products by 47.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,323 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 423 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its stake in Mueller Water Products by 44.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,517 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 469 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new stake in Mueller Water Products during the 2nd quarter valued at approximately $43,000. Institutional investors and hedge funds own 91.68% of the company’s stock.

Mueller Water Products Company Profile

Mueller Water Products, Inc is a leading provider of water infrastructure and flow control products and services designed to help water utilities and municipalities manage, control and measure their water distribution systems. The company’s portfolio includes a comprehensive range of products such as fire hydrants, valves, pipe repair systems, fittings and couplings, along with advanced metering and monitoring solutions. By combining traditional mechanical components with digital technologies, Mueller Water Products addresses the critical need for reliable and sustainable water distribution across North America.

The company’s operations are organized around two primary business segments.