Mueller Water Products (NYSE:MWA - Get Free Report) posted its earnings results on Tuesday. The industrial products company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.06, Zacks reports. Mueller Water Products had a net margin of 10.05% and a return on equity of 21.18%. During the same period in the prior year, the business earned $0.13 earnings per share. Mueller Water Products updated its FY 2025 guidance to EPS.
Mueller Water Products Price Performance
Shares of NYSE:MWA traded down $0.49 during trading on Friday, reaching $27.33. The company had a trading volume of 1,907,602 shares, compared to its average volume of 1,532,424. The company has a fifty day moving average of $23.55 and a two-hundred day moving average of $22.40. The company has a current ratio of 3.83, a quick ratio of 2.16 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $4.28 billion, a P/E ratio of 31.78, a price-to-earnings-growth ratio of 1.56 and a beta of 1.38. Mueller Water Products has a 12 month low of $13.67 and a 12 month high of $28.25.
Mueller Water Products Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Monday, February 10th will be given a dividend of $0.067 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $0.27 annualized dividend and a yield of 0.98%. Mueller Water Products's payout ratio is presently 31.40%.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on MWA shares. StockNews.com cut Mueller Water Products from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, October 30th. Royal Bank of Canada raised their price objective on shares of Mueller Water Products from $25.00 to $29.00 and gave the company a "sector perform" rating in a research report on Thursday. Oppenheimer reiterated an "outperform" rating and issued a $27.00 target price (up from $26.00) on shares of Mueller Water Products in a research note on Friday, November 8th. Finally, The Goldman Sachs Group raised their price target on shares of Mueller Water Products from $26.00 to $29.00 and gave the company a "neutral" rating in a report on Thursday. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $25.80.
Get Our Latest Stock Report on MWA
Insider Transactions at Mueller Water Products
In related news, SVP Todd P. Helms sold 57,948 shares of the business's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $25.69, for a total value of $1,488,684.12. Following the completion of the sale, the senior vice president now owns 43,224 shares in the company, valued at $1,110,424.56. The trade was a 57.28 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Suzanne G. Smith sold 26,138 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $24.99, for a total transaction of $653,188.62. Following the transaction, the chief accounting officer now owns 9,378 shares in the company, valued at $234,356.22. The trade was a 73.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 98,433 shares of company stock valued at $2,494,144. Insiders own 1.10% of the company's stock.
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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