Mueller Water Products (NYSE:MWA) Director Buys $27,584.60 in Stock

Mueller Water Products (NYSE:MWA) Director Brian Healy purchased 1,070 shares of Mueller Water Products stock in a transaction on Tuesday, October 7th. The stock was purchased at an average price of $25.78 per share, for a total transaction of $27,584.60. Following the completion of the transaction, the director owned 16,800 shares of the company’s stock, valued at approximately $433,104. This represents a 6.80% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Mueller Water Products Trading Down 2.2%

Shares of NYSE MWA opened at $25.18 on Friday. Mueller Water Products has a 1-year low of $21.35 and a 1-year high of $28.58. The company has a market cap of $3.93 billion, a PE ratio of 26.78, a P/E/G ratio of 1.20 and a beta of 1.18. The company has a current ratio of 3.86, a quick ratio of 2.56 and a debt-to-equity ratio of 0.48. The company has a 50-day moving average of $25.85 and a two-hundred day moving average of $25.16.

Mueller Water Products (NYSE:MWA) last announced its earnings results on Monday, August 4th. The industrial products company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). Mueller Water Products had a return on equity of 20.89% and a net margin of 10.67%.The company had revenue of $380.30 million during the quarter, compared to the consensus estimate of $366.82 million. During the same period in the prior year, the firm posted $0.32 earnings per share. The company’s revenue was up 6.6% on a year-over-year basis. Mueller Water Products has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Mueller Water Products will post 1.24 earnings per share for the current fiscal year.

Mueller Water Products Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Tuesday, August 12th were paid a $0.067 dividend. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $0.27 dividend on an annualized basis and a dividend yield of 1.1%. Mueller Water Products’s payout ratio is currently 28.72%.

Institutional Investors Weigh In On Mueller Water Products

Institutional investors and hedge funds have recently modified their holdings of the business. Cullen Frost Bankers Inc. raised its stake in shares of Mueller Water Products by 112.5% during the second quarter. Cullen Frost Bankers Inc. now owns 1,294 shares of the industrial products company’s stock worth $31,000 after buying an additional 685 shares during the last quarter. Byrne Asset Management LLC increased its stake in Mueller Water Products by 73.1% in the first quarter. Byrne Asset Management LLC now owns 1,558 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 658 shares in the last quarter. Olde Wealth Management LLC bought a new stake in Mueller Water Products in the first quarter valued at approximately $42,000. Nisa Investment Advisors LLC increased its stake in Mueller Water Products by 184.6% in the first quarter. Nisa Investment Advisors LLC now owns 1,702 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 1,104 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its stake in Mueller Water Products by 177.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 2,635 shares of the industrial products company’s stock valued at $67,000 after purchasing an additional 1,686 shares in the last quarter. 91.68% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on MWA shares. Wall Street Zen raised shares of Mueller Water Products from a “hold” rating to a “buy” rating in a research note on Saturday, July 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Mueller Water Products in a research note on Wednesday. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $28.33.

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.