Todd P. Helms Sells 3,556 Shares of Mueller Water Products, Inc. (NYSE:MWA) Stock

Mueller Water Products, Inc. (NYSE:MWA) SVP Todd P. Helms sold 3,556 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $25.02, for a total value of $88,971.12. Following the transaction, the senior vice president now owns 38,683 shares in the company, valued at $967,848.66. This trade represents a 8.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Mueller Water Products Price Performance

MWA stock opened at $24.96 on Thursday. The firm has a market cap of $3.90 billion, a P/E ratio of 34.18, a price-to-earnings-growth ratio of 1.46 and a beta of 1.34. Mueller Water Products, Inc. has a 1 year low of $13.08 and a 1 year high of $26.28. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.16 and a current ratio of 3.33. The stock has a 50-day simple moving average of $22.88 and a 200-day simple moving average of $20.54.

Mueller Water Products (NYSE:MWA) last issued its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $0.22 EPS for the quarter, meeting analysts’ consensus estimates of $0.22. The firm had revenue of $348.20 million during the quarter, compared to the consensus estimate of $324.80 million. Mueller Water Products had a return on equity of 19.38% and a net margin of 8.82%. Mueller Water Products’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.19 earnings per share. On average, equities analysts predict that Mueller Water Products, Inc. will post 1.17 earnings per share for the current fiscal year.

Mueller Water Products Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Friday, November 8th were issued a $0.067 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.27 dividend on an annualized basis and a yield of 1.07%. This is an increase from Mueller Water Products’s previous quarterly dividend of $0.06. Mueller Water Products’s dividend payout ratio is currently 36.99%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. lifted its holdings in Mueller Water Products by 8,617.9% during the 1st quarter. Russell Investments Group Ltd. now owns 21,882 shares of the industrial products company’s stock worth $352,000 after buying an additional 21,631 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Mueller Water Products by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 15,231,209 shares of the industrial products company’s stock worth $245,070,000 after buying an additional 227,843 shares during the last quarter. Quadrature Capital Ltd lifted its holdings in Mueller Water Products by 73.7% during the 1st quarter. Quadrature Capital Ltd now owns 31,879 shares of the industrial products company’s stock worth $513,000 after buying an additional 13,525 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Mueller Water Products by 13.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 694,469 shares of the industrial products company’s stock worth $11,175,000 after buying an additional 83,567 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its holdings in Mueller Water Products by 24.1% during the 2nd quarter. QRG Capital Management Inc. now owns 75,016 shares of the industrial products company’s stock worth $1,344,000 after buying an additional 14,566 shares during the last quarter. Hedge funds and other institutional investors own 91.68% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. TD Cowen downgraded Mueller Water Products from a “buy” rating to a “hold” rating and increased their target price for the stock from $19.00 to $20.00 in a research report on Friday, August 9th. Royal Bank of Canada upped their price target on Mueller Water Products from $20.00 to $23.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 7th. StockNews.com lowered Mueller Water Products from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 30th. Finally, Oppenheimer restated an “outperform” rating and set a $27.00 price target (up from $26.00) on shares of Mueller Water Products in a research note on Friday, November 8th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $22.20.

Mueller Water Products Company Profile

Mueller Water Products, Inc manufactures and markets products and services for the transmission, distribution, and measurement of water used by municipalities, and the residential and non-residential construction industries in the United States, Israel, and internationally. It operates in two segments, Water Flow Solutions and Water Management Solutions.