Mueller Water Products (NYSE:MWA) Director Brian Healy Acquires 1,125 Shares of Stock

Mueller Water Products (NYSE:MWA) Director Brian Healy acquired 1,125 shares of the company’s stock in a transaction on Wednesday, January 7th. The stock was acquired at an average price of $24.41 per share, with a total value of $27,461.25. Following the purchase, the director directly owned 17,925 shares in the company, valued at approximately $437,549.25. This represents a 6.70% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Mueller Water Products Stock Performance

Shares of NYSE:MWA opened at $25.01 on Friday. Mueller Water Products has a 12-month low of $21.35 and a 12-month high of $28.58. The company’s 50 day moving average price is $24.37 and its two-hundred day moving average price is $25.06. The firm has a market cap of $3.91 billion, a PE ratio of 20.67, a PEG ratio of 1.15 and a beta of 1.18. The company has a quick ratio of 2.41, a current ratio of 3.54 and a debt-to-equity ratio of 0.46.

Mueller Water Products (NYSE:MWA) last issued its quarterly earnings results on Thursday, February 24th. The industrial products company reported $0.11 earnings per share (EPS) for the quarter. The business had revenue of $237.40 million for the quarter. Mueller Water Products had a return on equity of 22.75% and a net margin of 13.41%. Equities research analysts predict that Mueller Water Products will post 1.24 earnings per share for the current year.

Mueller Water Products Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Monday, November 10th were issued a dividend of $0.07 per share. This is a boost from Mueller Water Products’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Monday, November 10th. This represents a $0.28 annualized dividend and a dividend yield of 1.1%. Mueller Water Products’s payout ratio is presently 23.14%.

Institutional Trading of Mueller Water Products

Hedge funds have recently modified their holdings of the stock. Covestor Ltd grew its stake in shares of Mueller Water Products by 131.8% in the 3rd quarter. Covestor Ltd now owns 1,050 shares of the industrial products company’s stock valued at $27,000 after buying an additional 597 shares during the period. Cullen Frost Bankers Inc. grew its position in Mueller Water Products by 112.5% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 1,294 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 685 shares during the period. Quarry LP grew its position in Mueller Water Products by 398.0% in the 3rd quarter. Quarry LP now owns 2,196 shares of the industrial products company’s stock valued at $56,000 after purchasing an additional 1,755 shares during the period. Nisa Investment Advisors LLC increased its stake in Mueller Water Products by 31.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,427 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 575 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV raised its holdings in Mueller Water Products by 355.4% during the second quarter. Creative Financial Designs Inc. ADV now owns 2,842 shares of the industrial products company’s stock worth $68,000 after buying an additional 2,218 shares during the last quarter. Institutional investors own 91.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Mueller Water Products in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $29.00.

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.