MUELLER WATER PRODUCTS (MWA) CFO Sells $605,000.00 in Stock

MUELLER WATER PRODUCTS (NYSE:MWA) CFO Evan Hart sold 50,000 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $12.10, for a total transaction of $605,000.00. Following the transaction, the chief financial officer now directly owns 321,247 shares of the company’s stock, valued at approximately $3,887,088.70. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Evan Hart also recently made the following trade(s):

  • On Friday, November 3rd, Evan Hart sold 167,016 shares of MUELLER WATER PRODUCTS stock. The stock was sold at an average price of $12.11, for a total transaction of $2,022,563.76.

MUELLER WATER PRODUCTS (NYSE MWA) opened at $12.19 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 5.90 and a quick ratio of 4.63. MUELLER WATER PRODUCTS has a 1 year low of $10.84 and a 1 year high of $14.20. The company has a market cap of $1,933.21, a P/E ratio of 28.35, a price-to-earnings-growth ratio of 1.54 and a beta of 1.32.

MUELLER WATER PRODUCTS (NYSE:MWA) last issued its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $0.15 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.15. MUELLER WATER PRODUCTS had a net margin of 14.93% and a return on equity of 15.83%. The company had revenue of $226.90 million during the quarter, compared to analysts’ expectations of $227.14 million. During the same quarter last year, the company posted $0.17 EPS. The firm’s revenue was up 5.2% compared to the same quarter last year. equities research analysts forecast that MUELLER WATER PRODUCTS will post 0.53 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Friday, November 10th will be given a $0.04 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $0.16 annualized dividend and a yield of 1.31%. MUELLER WATER PRODUCTS’s dividend payout ratio is presently 21.05%.

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A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. boosted its position in MUELLER WATER PRODUCTS by 14,036.8% in the 1st quarter. BlackRock Inc. now owns 13,522,561 shares of the industrial products company’s stock valued at $159,837,000 after buying an additional 13,426,906 shares during the period. Vanguard Group Inc. boosted its position in MUELLER WATER PRODUCTS by 8.8% in the 1st quarter. Vanguard Group Inc. now owns 12,650,343 shares of the industrial products company’s stock valued at $149,528,000 after buying an additional 1,017,949 shares during the period. Earnest Partners LLC boosted its position in MUELLER WATER PRODUCTS by 18.2% in the 2nd quarter. Earnest Partners LLC now owns 8,136,500 shares of the industrial products company’s stock valued at $95,034,000 after buying an additional 1,251,546 shares during the period. Franklin Resources Inc. boosted its position in MUELLER WATER PRODUCTS by 5.4% in the 2nd quarter. Franklin Resources Inc. now owns 7,646,300 shares of the industrial products company’s stock valued at $89,308,000 after buying an additional 389,500 shares during the period. Finally, Gamco Investors INC. ET AL boosted its position in MUELLER WATER PRODUCTS by 0.4% in the 3rd quarter. Gamco Investors INC. ET AL now owns 6,782,227 shares of the industrial products company’s stock valued at $86,813,000 after buying an additional 23,737 shares during the period. 84.05% of the stock is owned by institutional investors.

A number of equities analysts recently weighed in on the stock. Robert W. Baird reaffirmed a “hold” rating and set a $14.00 price objective on shares of MUELLER WATER PRODUCTS in a research report on Wednesday, October 4th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $14.00 price objective on shares of MUELLER WATER PRODUCTS in a research report on Wednesday, October 11th. Cowen and Company reaffirmed a “hold” rating and set a $12.00 price objective on shares of MUELLER WATER PRODUCTS in a research report on Thursday, September 21st. Boenning Scattergood raised shares of MUELLER WATER PRODUCTS from a “neutral” rating to an “outperform” rating and set a $14.00 price objective for the company in a research report on Tuesday, September 5th. Finally, Zacks Investment Research raised shares of MUELLER WATER PRODUCTS from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $13.75.

MUELLER WATER PRODUCTS Company Profile

Mueller Water Products, Inc is a manufacturer and marketer of products and services used in the transmission, distribution and measurement of water in North America. The Company operates through three segments: Mueller Co, Anvil and Mueller Technologies. The Mueller Co segment manufactures valves for water and gas systems, and dry-barrel and wet-barrel fire hydrants.

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