Insider Selling: Mueller Water Products (MWA) Insider Sells 84,514 Shares of Stock

Mueller Water Products (NYSE:MWA) insider Gregory E. Hyland sold 84,514 shares of the business’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $12.27, for a total value of $1,036,986.78. Following the completion of the sale, the insider now directly owns 979,481 shares of the company’s stock, valued at $12,018,231.87. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Mueller Water Products (MWA) traded down $0.06 during midday trading on Wednesday, reaching $12.17. The company’s stock had a trading volume of 871,769 shares, compared to its average volume of 1,238,947. The company has a debt-to-equity ratio of 0.97, a current ratio of 4.73 and a quick ratio of 3.75. Mueller Water Products has a 52 week low of $10.84 and a 52 week high of $14.20. The firm has a market cap of $1,972.61, a PE ratio of 29.02, a price-to-earnings-growth ratio of 1.57 and a beta of 1.33.

Mueller Water Products (NYSE:MWA) last released its earnings results on Wednesday, November 1st. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.15. The company had revenue of $226.90 million for the quarter, compared to analysts’ expectations of $227.14 million. Mueller Water Products had a return on equity of 15.43% and a net margin of 14.93%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.17 EPS. research analysts predict that Mueller Water Products will post 0.53 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Friday, November 10th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend was Thursday, November 9th. Mueller Water Products’s dividend payout ratio is currently 21.05%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Teacher Retirement System of Texas grew its holdings in shares of Mueller Water Products by 1.5% in the 2nd quarter. Teacher Retirement System of Texas now owns 13,074 shares of the industrial products company’s stock worth $153,000 after acquiring an additional 191 shares during the period. Ameritas Investment Partners Inc. grew its holdings in shares of Mueller Water Products by 2.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 13,730 shares of the industrial products company’s stock worth $160,000 after acquiring an additional 266 shares during the period. Oppenheimer & Co. Inc. grew its holdings in shares of Mueller Water Products by 1.9% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 23,277 shares of the industrial products company’s stock worth $272,000 after acquiring an additional 424 shares during the period. Amalgamated Bank lifted its stake in Mueller Water Products by 2.6% in the 2nd quarter. Amalgamated Bank now owns 19,603 shares of the industrial products company’s stock valued at $229,000 after buying an additional 500 shares in the last quarter. Finally, Guyasuta Investment Advisors Inc. lifted its stake in Mueller Water Products by 1.3% in the 2nd quarter. Guyasuta Investment Advisors Inc. now owns 74,256 shares of the industrial products company’s stock valued at $867,000 after buying an additional 940 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Several research firms have recently weighed in on MWA. Robert W. Baird reissued a “hold” rating and issued a $14.00 target price on shares of Mueller Water Products in a report on Friday, November 10th. Cowen restated a “hold” rating and issued a $12.00 price target on shares of Mueller Water Products in a research report on Thursday, September 21st. Royal Bank Of Canada restated a “buy” rating and issued a $14.00 price target on shares of Mueller Water Products in a research report on Wednesday, October 11th. Boenning Scattergood restated a “buy” rating and issued a $14.00 price target on shares of Mueller Water Products in a research report on Thursday, November 2nd. Finally, BidaskClub cut Mueller Water Products from a “buy” rating to a “hold” rating in a research report on Friday, August 25th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $13.75.

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About Mueller Water Products

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.

Insider Buying and Selling by Quarter for Mueller Water Products (NYSE:MWA)

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