Mueller Water Products (NYSE:MWA) Director Christine Ortiz Sells 550 Shares of Stock

Mueller Water Products (NYSE:MWA) Director Christine Ortiz sold 550 shares of Mueller Water Products stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $23.93, for a total transaction of $13,161.50. Following the completion of the transaction, the director directly owned 30,274 shares in the company, valued at $724,456.82. The trade was a 1.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Christine Ortiz also recently made the following trade(s):

• On Monday, August 31st, Christine Ortiz sold 12,048 shares of Mueller Water Products stock. The stock was sold at an average price of $24.23, for a total value of $291,923.04.

Mueller Water Products Trading Down 2.4%

Shares of MWA stock opened at $23.56 on Wednesday. Mueller Water Products has a 1-year low of $22.74 and a 1-year high of $31.00. The firm has a market capitalization of $3.68 billion, a PE ratio of 16.71, a P/E/G ratio of 1.06 and a beta of 1.01. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.64 and a quick ratio of 3.08. The business’s fifty day moving average price is $25.36 and its 200 day moving average price is $26.73.

Mueller Water Products (NYSE:MWA) last posted its quarterly earnings results on Wednesday, August 5th. The industrial products company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.11. The firm had revenue of $395.90 million during the quarter, compared to the consensus estimate of $391.49 million. Mueller Water Products had a return on equity of 23.55% and a net margin of 15.02%.The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.34 earnings per share. As a group, sell-side analysts forecast that Mueller Water Products will post 1.53 EPS for the current fiscal year.

Mueller Water Products Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Monday, August 10th were given a $0.07 dividend. The ex-dividend date of this dividend was Monday, August 10th. This represents a $0.28 annualized dividend and a yield of 1.2%. Mueller Water Products’s dividend payout ratio (DPR) is currently 19.86%.

Analyst Ratings Changes

A number of brokerages recently issued reports on MWA. Weiss Ratings upgraded shares of Mueller Water Products from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. Royal Bank Of Canada lowered their price objective on shares of Mueller Water Products from $31.00 to $30.00 and set a “sector perform” rating on the stock in a research note on Friday, August 7th. Barclays assumed coverage on Mueller Water Products in a research report on Tuesday, June 30th. They issued an “underweight” rating and a $25.00 target price for the company. Robert W. Baird set a $35.00 price target on Mueller Water Products in a research report on Friday, August 7th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $29.00 price objective on shares of Mueller Water Products in a report on Wednesday, May 6th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $30.20.

Institutional Investors Weigh In On Mueller Water Products

A number of institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp increased its stake in Mueller Water Products by 4.2% in the 4th quarter. State Street Corp now owns 6,165,849 shares of the industrial products company’s stock worth $146,871,000 after purchasing an additional 250,461 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of Mueller Water Products by 34.0% in the first quarter. First Trust Advisors LP now owns 6,036,679 shares of the industrial products company’s stock worth $165,948,000 after buying an additional 1,530,193 shares during the period. California State Teachers Retirement System boosted its holdings in shares of Mueller Water Products by 2,335.3% in the second quarter. California State Teachers Retirement System now owns 4,542,541 shares of the industrial products company’s stock worth $117,334,000 after buying an additional 4,356,012 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Mueller Water Products by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,613,397 shares of the industrial products company’s stock worth $86,075,000 after acquiring an additional 22,056 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of Mueller Water Products by 1.2% in the 4th quarter. Principal Financial Group Inc. now owns 3,262,684 shares of the industrial products company’s stock valued at $77,717,000 after acquiring an additional 37,148 shares in the last quarter. Institutional investors and hedge funds own 91.68% of the company’s stock.

Mueller Water Products Company Profile

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.