Insider Selling: Mueller Water Products (NYSE:MWA) SVP Sells 10,720 Shares of Stock

Mueller Water Products (NYSE:MWA) SVP Todd Helms sold 10,720 shares of the firm’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $29.72, for a total value of $318,598.40. Following the sale, the senior vice president directly owned 75,197 shares of the company’s stock, valued at approximately $2,234,854.84. This trade represents a 12.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Mueller Water Products Trading Up 0.6%

Shares of Mueller Water Products stock traded up $0.18 during trading hours on Friday, hitting $29.96. The company’s stock had a trading volume of 783,329 shares, compared to its average volume of 1,235,923. The stock has a market cap of $4.68 billion, a price-to-earnings ratio of 23.77, a P/E/G ratio of 1.37 and a beta of 1.17. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.55 and a current ratio of 4.02. Mueller Water Products has a twelve month low of $22.01 and a twelve month high of $30.47. The firm has a fifty day moving average of $26.43 and a 200-day moving average of $25.69.

Mueller Water Products (NYSE:MWA) last issued its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.02. Mueller Water Products had a net margin of 13.83% and a return on equity of 22.34%. The firm had revenue of $318.20 million for the quarter, compared to analyst estimates of $315.26 million. During the same period in the previous year, the firm earned $0.25 EPS. Mueller Water Products’s revenue was up 4.6% on a year-over-year basis. Research analysts forecast that Mueller Water Products will post 1.24 EPS for the current year.

Mueller Water Products Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 20th. Stockholders of record on Tuesday, February 10th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Tuesday, February 10th. Mueller Water Products’s dividend payout ratio is currently 22.22%.

Hedge Funds Weigh In On Mueller Water Products

Several hedge funds have recently added to or reduced their stakes in MWA. Covestor Ltd lifted its position in shares of Mueller Water Products by 131.8% during the 3rd quarter. Covestor Ltd now owns 1,050 shares of the industrial products company’s stock worth $27,000 after buying an additional 597 shares during the last quarter. Strive Financial Group LLC purchased a new stake in Mueller Water Products in the fourth quarter valued at $26,000. Danske Bank A S boosted its stake in Mueller Water Products by 266.7% in the fourth quarter. Danske Bank A S now owns 1,100 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 800 shares in the last quarter. Cullen Frost Bankers Inc. boosted its stake in Mueller Water Products by 112.5% in the second quarter. Cullen Frost Bankers Inc. now owns 1,294 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 685 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Mueller Water Products by 47.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,323 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 423 shares during the last quarter. 91.68% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Royal Bank Of Canada boosted their price objective on Mueller Water Products from $27.00 to $29.00 and gave the company a “sector perform” rating in a report on Friday, February 6th. Robert W. Baird set a $33.00 price objective on shares of Mueller Water Products in a research note on Friday, February 6th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $32.00 target price (up from $30.00) on shares of Mueller Water Products in a research note on Monday, February 9th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $31.33.

About Mueller Water Products

Mueller Water Products, Inc is a leading provider of water infrastructure and flow control products and services designed to help water utilities and municipalities manage, control and measure their water distribution systems. The company’s portfolio includes a comprehensive range of products such as fire hydrants, valves, pipe repair systems, fittings and couplings, along with advanced metering and monitoring solutions. By combining traditional mechanical components with digital technologies, Mueller Water Products addresses the critical need for reliable and sustainable water distribution across North America.

The company’s operations are organized around two primary business segments.