Mueller Water Products, Inc. (NYSE:MWA) Declares $0.07 Dividend

Mueller Water Products, Inc. (NYSE:MWA - Get Free Report) declared a dividend on Tuesday, October 22nd, NASDAQ reports. Shareholders of record on Friday, November 8th will be given a dividend of 0.067 per share by the industrial products company on Wednesday, November 20th. The ex-dividend date of this dividend is Friday, November 8th.

Mueller Water Products has raised its dividend by an average of 5.1% per year over the last three years. Mueller Water Products has a dividend payout ratio of 25.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Mueller Water Products to earn $1.06 per share next year, which means the company should continue to be able to cover its $0.26 annual dividend with an expected future payout ratio of 24.5%.

Mueller Water Products Stock Performance

Mueller Water Products stock traded down $0.04 during trading hours on Wednesday, reaching $22.03. 995,683 shares of the company were exchanged, compared to its average volume of 1,253,461. Mueller Water Products has a 12 month low of $12.13 and a 12 month high of $23.12. The firm has a market cap of $3.43 billion, a price-to-earnings ratio of 34.48, a PEG ratio of 1.39 and a beta of 1.34. The company has a current ratio of 3.70, a quick ratio of 2.31 and a debt-to-equity ratio of 0.57. The stock has a 50-day moving average of $21.14 and a 200 day moving average of $19.19.

Mueller Water Products (NYSE:MWA - Get Free Report) last released its earnings results on Monday, August 5th. The industrial products company reported $0.32 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.10. The firm had revenue of $356.70 million during the quarter, compared to analyst estimates of $329.67 million. Mueller Water Products had a net margin of 9.71% and a return on equity of 19.46%. The business's revenue was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.18 EPS. As a group, research analysts anticipate that Mueller Water Products will post 0.93 earnings per share for the current year.

Insider Activity at Mueller Water Products

In other Mueller Water Products news, Director Christine Ortiz sold 8,800 shares of Mueller Water Products stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $19.94, for a total transaction of $175,472.00. Following the completion of the transaction, the director now directly owns 34,699 shares of the company's stock, valued at approximately $691,898.06. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider J Scott Hall sold 102,025 shares of the company's stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $19.54, for a total transaction of $1,993,568.50. Following the transaction, the insider now owns 544,029 shares in the company, valued at $10,630,326.66. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christine Ortiz sold 8,800 shares of the firm's stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $19.94, for a total transaction of $175,472.00. Following the completion of the sale, the director now owns 34,699 shares of the company's stock, valued at $691,898.06. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 256,869 shares of company stock valued at $5,141,842 in the last 90 days. 1.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

MWA has been the topic of several research analyst reports. Oppenheimer raised their price objective on shares of Mueller Water Products from $22.00 to $24.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 7th. StockNews.com raised Mueller Water Products from a "buy" rating to a "strong-buy" rating in a research report on Tuesday. TD Cowen lowered Mueller Water Products from a "buy" rating to a "hold" rating and upped their target price for the company from $19.00 to $20.00 in a research note on Friday, August 9th. Finally, Royal Bank of Canada lifted their price target on shares of Mueller Water Products from $20.00 to $23.00 and gave the stock a "sector perform" rating in a research note on Wednesday, August 7th. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Mueller Water Products currently has a consensus rating of "Hold" and a consensus price target of $21.60.

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.

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