Mueller Water Products (NYSE:MWA) Director Brian Healy Purchases 1,166 Shares

Mueller Water Products (NYSE:MWA) Director Brian Healy purchased 1,166 shares of Mueller Water Products stock in a transaction dated Friday, May 15th. The stock was bought at an average price of $25.75 per share, with a total value of $30,024.50. Following the completion of the transaction, the director owned 23,763 shares of the company’s stock, valued at $611,897.25. This represents a 5.16% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Mueller Water Products Price Performance

MWA traded up $0.14 during trading on Monday, reaching $25.65. 1,384,674 shares of the company were exchanged, compared to its average volume of 1,180,248. The company’s 50-day moving average is $27.81 and its two-hundred day moving average is $26.65. The company has a market cap of $4.01 billion, a price-to-earnings ratio of 19.58, a P/E/G ratio of 1.16 and a beta of 1.08. The company has a quick ratio of 2.92, a current ratio of 4.57 and a debt-to-equity ratio of 0.42. Mueller Water Products has a 12-month low of $22.74 and a 12-month high of $31.00.

Mueller Water Products (NYSE:MWA) last posted its earnings results on Tuesday, April 21st. The industrial products company reported $2.16 earnings per share for the quarter. The business had revenue of $1.19 billion during the quarter. Mueller Water Products had a return on equity of 22.11% and a net margin of 14.17%. Research analysts forecast that Mueller Water Products will post 1.47 earnings per share for the current fiscal year.

Mueller Water Products Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Monday, May 11th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, May 11th. Mueller Water Products’s dividend payout ratio is presently 21.37%.

Institutional Investors Weigh In On Mueller Water Products

Several hedge funds have recently bought and sold shares of the stock. Covestor Ltd grew its stake in Mueller Water Products by 131.8% in the 3rd quarter. Covestor Ltd now owns 1,050 shares of the industrial products company’s stock worth $27,000 after buying an additional 597 shares in the last quarter. Strive Financial Group LLC purchased a new stake in shares of Mueller Water Products during the 4th quarter valued at $26,000. Danske Bank A S raised its position in shares of Mueller Water Products by 266.7% during the 4th quarter. Danske Bank A S now owns 1,100 shares of the industrial products company’s stock valued at $26,000 after buying an additional 800 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings 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 acquiring an additional 423 shares during the last quarter. Finally, Flagship Harbor Advisors LLC bought a new stake in shares of Mueller Water Products during the 4th quarter worth $34,000. 91.68% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on MWA shares. Royal Bank Of Canada increased their price target on shares of Mueller Water Products from $30.00 to $31.00 and gave the stock a “sector perform” rating in a report on Thursday, May 7th. The Goldman Sachs Group reissued a “neutral” rating and issued a $29.00 price target on shares of Mueller Water Products in a report on Wednesday, May 6th. Oppenheimer reissued an “outperform” rating and issued a $32.00 price target (up from $30.00) on shares of Mueller Water Products in a report on Monday, February 9th. Finally, Robert W. Baird set a $33.00 price target on shares of Mueller Water Products in a report on Friday, February 6th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Mueller Water Products currently has a consensus rating of “Moderate Buy” and an average price target of $31.25.

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.