Mueller Water Products, Inc. (NYSE:MWA) Director Brian Slobodow Sells 11,132 Shares of Stock

Mueller Water Products, Inc. (NYSE:MWA - Get Free Report) Director Brian Slobodow sold 11,132 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $24.73, for a total value of $275,294.36. Following the sale, the director now owns 7,376 shares in the company, valued at $182,408.48. This trade represents a 60.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Mueller Water Products Trading Up 7.7 %

Shares of Mueller Water Products stock traded up $1.93 during trading hours on Monday, hitting $26.98. The company's stock had a trading volume of 5,361,932 shares, compared to its average volume of 1,245,488. The company has a quick ratio of 2.38, a current ratio of 3.83 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $4.22 billion, a PE ratio of 31.37, a P/E/G ratio of 1.43 and a beta of 1.39. The business has a fifty day moving average of $24.28 and a 200 day moving average of $23.23. Mueller Water Products, Inc. has a 1-year low of $14.81 and a 1-year high of $28.25.

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 the consensus estimate of $0.19 by $0.06. Mueller Water Products had a return on equity of 21.18% and a net margin of 10.05%. During the same period last year, the firm earned $0.13 EPS. As a group, equities analysts forecast that Mueller Water Products, Inc. will post 1.24 EPS for the current year.

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Mueller Water Products Dividend Announcement

The company 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. The ex-dividend date of this dividend was Monday, February 10th. This represents a $0.27 dividend on an annualized basis and a dividend yield of 0.99%. Mueller Water Products's dividend payout ratio is currently 30.23%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Optiver Holding B.V. acquired a new position in Mueller Water Products in the 4th quarter worth $29,000. Tower Research Capital LLC TRC lifted its stake in shares of Mueller Water Products by 171.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,761 shares of the industrial products company's stock worth $40,000 after acquiring an additional 1,113 shares in the last quarter. Millstone Evans Group LLC purchased a new position in Mueller Water Products in the fourth quarter valued at about $63,000. Gen Wealth Partners Inc purchased a new position in Mueller Water Products in the fourth quarter valued at about $65,000. Finally, R Squared Ltd acquired a new stake in Mueller Water Products during the 4th quarter valued at approximately $100,000. 91.68% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on MWA shares. Royal Bank of Canada raised 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 report on Thursday, February 6th. The Goldman Sachs Group boosted 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 note on Thursday, February 6th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, Mueller Water Products presently has a consensus rating of "Hold" and a consensus target price of $25.80.

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.