Brian Healy Buys 1,183 Shares of Mueller Water Products (NYSE:MWA) Stock

Mueller Water Products (NYSE:MWA) Director Brian Healy acquired 1,183 shares of the stock in a transaction on Tuesday, July 7th. The shares were purchased at an average price of $25.33 per share, with a total value of $29,965.39. Following the completion of the transaction, the director owned 24,946 shares of the company’s stock, valued at approximately $631,882.18. This represents a 4.98% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Mueller Water Products Price Performance

Mueller Water Products stock opened at $24.90 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.92 and a current ratio of 4.57. Mueller Water Products has a 52 week low of $22.74 and a 52 week high of $31.00. The stock has a market capitalization of $3.90 billion, a P/E ratio of 19.01, a price-to-earnings-growth ratio of 1.12 and a beta of 1.03. The stock has a fifty day moving average of $25.77 and a 200-day moving average of $26.95.

Mueller Water Products (NYSE:MWA) last released its quarterly earnings data 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 for the quarter. Mueller Water Products had a return on equity of 22.11% and a net margin of 14.17%. On average, sell-side analysts expect that Mueller Water Products will post 1.47 earnings per share for the current fiscal year.

Mueller Water Products Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Monday, May 11th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $0.28 annualized dividend and a dividend yield of 1.1%. Mueller Water Products’s payout ratio is 21.37%.

Institutional Trading of Mueller Water Products

A number of institutional investors have recently bought and sold shares of MWA. Danske Bank A S raised its position in shares of Mueller Water Products by 266.7% in the 4th quarter. Danske Bank A S now owns 1,100 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 800 shares in the last quarter. Strive Financial Group LLC acquired a new position in shares of Mueller Water Products in the 4th quarter valued at about $26,000. Smartleaf Asset Management LLC boosted 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 valued at $32,000 after purchasing an additional 423 shares in the last quarter. Flagship Harbor Advisors LLC bought a new stake in shares of Mueller Water Products during the 4th quarter valued at about $34,000. Finally, Steward Partners Investment Advisory LLC grew its stake in Mueller Water Products by 44.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,517 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 469 shares during the period. Institutional investors own 91.68% of the company’s stock.

Analyst Ratings Changes

MWA has been the subject of several research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Mueller Water Products in a research note on Tuesday, May 19th. Wall Street Zen cut Mueller Water Products from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Barclays initiated coverage on Mueller Water Products in a report on Tuesday, June 30th. They set an “underweight” rating and a $25.00 price objective on the stock. Royal Bank Of Canada boosted their price objective on Mueller Water Products from $30.00 to $31.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 7th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $29.00 target price on shares of Mueller Water Products in a report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Mueller Water Products has a consensus rating of “Hold” and an average price target of $30.00.

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.