Mueller Water Products (NYSE:MWA) Director Acquires $30,024.50 in Stock

Mueller Water Products (NYSE:MWA) Director Brian Healy bought 1,166 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average price of $25.75 per share, for a total transaction of $30,024.50. Following the acquisition, the director directly owned 23,763 shares in the company, valued at $611,897.25. The trade was a 5.16% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Mueller Water Products Stock Up 0.6%

Shares of MWA traded up $0.14 on Monday, reaching $25.65. The company’s stock had a trading volume of 1,384,674 shares, compared to its average volume of 1,180,248. The company has a current ratio of 4.57, a quick ratio of 2.92 and a debt-to-equity ratio of 0.42. Mueller Water Products has a twelve month low of $22.74 and a twelve month high of $31.00. The stock has a market capitalization of $4.01 billion, a PE ratio of 19.58, a PEG ratio of 1.16 and a beta of 1.08. The firm has a fifty day moving average of $27.81 and a 200-day moving average of $26.65.

Mueller Water Products (NYSE:MWA) last posted its earnings results on Tuesday, April 21st. The industrial products company reported $2.16 earnings per share (EPS) for the quarter. Mueller Water Products had a net margin of 14.17% and a return on equity of 22.11%. The firm had revenue of $1.19 billion during the quarter. Equities analysts predict that Mueller Water Products will post 1.47 EPS for the current year.

Mueller Water Products Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Monday, May 11th will be paid a $0.07 dividend. The ex-dividend date is Monday, May 11th. This represents a $0.28 annualized dividend and a dividend yield of 1.1%. Mueller Water Products’s dividend payout ratio is presently 21.37%.

Hedge Funds Weigh In On Mueller Water Products

Several institutional investors have recently added to or reduced their stakes in the stock. Y Intercept Hong Kong Ltd purchased a new stake in Mueller Water Products during the third quarter valued at about $692,000. Jupiter Asset Management Ltd. raised its position in shares of Mueller Water Products by 62.3% in the third quarter. Jupiter Asset Management Ltd. now owns 930,230 shares of the industrial products company’s stock valued at $23,739,000 after purchasing an additional 357,087 shares during the period. Perpetual Ltd lifted its stake in shares of Mueller Water Products by 10.2% during the 4th quarter. Perpetual Ltd now owns 429,580 shares of the industrial products company’s stock valued at $10,233,000 after buying an additional 39,656 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Mueller Water Products by 998.6% in the 4th quarter. SG Americas Securities LLC now owns 387,050 shares of the industrial products company’s stock worth $9,220,000 after buying an additional 351,819 shares during the period. Finally, Fox Run Management L.L.C. bought a new position in Mueller Water Products in the 3rd quarter worth approximately $1,781,000. Institutional investors own 91.68% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Robert W. Baird set a $33.00 target price on shares of Mueller Water Products in a research note on Friday, February 6th. Oppenheimer restated an “outperform” rating and set a $32.00 price target (up from $30.00) on shares of Mueller Water Products in a research report on Monday, February 9th. The Goldman Sachs Group restated a “neutral” rating and set a $29.00 price target on shares of Mueller Water Products in a research report on Wednesday, May 6th. Finally, Royal Bank Of Canada increased their price target on shares of Mueller Water Products from $30.00 to $31.00 and gave the company a “sector perform” rating in a research report on Thursday, May 7th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $31.25.

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.