Mueller Water Products, Inc. (NYSE:MWA - Get Free Report) Director Lydia W. Thomas sold 17,092 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $26.77, for a total transaction of $457,552.84. Following the completion of the sale, the director now directly owns 126,689 shares in the company, valued at approximately $3,391,464.53. This represents a 11.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Mueller Water Products Price Performance
MWA traded down $0.45 during trading on Thursday, hitting $26.32. The company's stock had a trading volume of 709,173 shares, compared to its average volume of 1,265,891. The company has a quick ratio of 2.38, a current ratio of 3.83 and a debt-to-equity ratio of 0.54. Mueller Water Products, Inc. has a 12 month low of $14.81 and a 12 month high of $28.25. The stock has a market capitalization of $4.12 billion, a price-to-earnings ratio of 30.62, a price-to-earnings-growth ratio of 1.43 and a beta of 1.39. The firm's 50 day moving average price is $24.53 and its two-hundred day moving average price is $23.34.
Mueller Water Products (NYSE:MWA - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $0.25 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.06. Mueller Water Products had a net margin of 10.05% and a return on equity of 21.18%. During the same period in the previous year, the company posted $0.13 earnings per share. Sell-side analysts forecast that Mueller Water Products, Inc. will post 1.24 earnings per share for the current fiscal year.
Mueller Water Products Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Monday, February 10th were paid a dividend of $0.067 per share. This represents a $0.27 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend was Monday, February 10th. Mueller Water Products's dividend payout ratio is currently 30.23%.
Analyst Ratings Changes
MWA has been the subject of several recent analyst reports. Royal Bank of Canada lifted their target price on shares of Mueller Water Products from $25.00 to $29.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 6th. The Goldman Sachs Group increased their price objective on shares of Mueller Water Products from $26.00 to $29.00 and gave the company a "neutral" rating in a research report on Thursday, February 6th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $25.80.
Check Out Our Latest Stock Report on Mueller Water Products
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. Arizona State Retirement System raised its position in Mueller Water Products by 0.8% during the 4th quarter. Arizona State Retirement System now owns 45,215 shares of the industrial products company's stock worth $1,017,000 after purchasing an additional 379 shares during the last quarter. Oppenheimer & Co. Inc. grew its position in Mueller Water Products by 1.4% in the 4th quarter. Oppenheimer & Co. Inc. now owns 42,929 shares of the industrial products company's stock valued at $966,000 after purchasing an additional 581 shares during the period. Point72 Hong Kong Ltd raised its holdings in shares of Mueller Water Products by 6.1% in the 3rd quarter. Point72 Hong Kong Ltd now owns 11,022 shares of the industrial products company's stock worth $239,000 after acquiring an additional 633 shares during the last quarter. Baird Financial Group Inc. lifted its holdings in shares of Mueller Water Products by 3.0% in the fourth quarter. Baird Financial Group Inc. now owns 24,702 shares of the industrial products company's stock valued at $556,000 after purchasing an additional 722 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Mueller Water Products by 14.8% during the 4th quarter. Blue Trust Inc. now owns 5,618 shares of the industrial products company's stock worth $126,000 after buying an additional 726 shares in the last quarter. 91.68% of the stock is owned by institutional investors and hedge funds.
About Mueller Water Products
(
Get Free Report)
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.
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