Mueller Water Products (NYSE:MWA) insider Gregory E. Hyland sold 142,243 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $12.37, for a total value of $1,759,545.91. Following the transaction, the insider now directly owns 979,481 shares in the company, valued at $12,116,179.97. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Mueller Water Products (NYSE MWA) traded up $0.01 during mid-day trading on Thursday, hitting $12.49. The stock had a trading volume of 862,630 shares, compared to its average volume of 1,243,824. The company has a market capitalization of $1,961.54, a price-to-earnings ratio of 28.86, a PEG ratio of 1.56 and a beta of 1.32. The company has a current ratio of 4.73, a quick ratio of 3.75 and a debt-to-equity ratio of 0.97. Mueller Water Products has a 52 week low of $10.84 and a 52 week high of $14.20.

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, meeting the consensus estimate of $0.15. The company had revenue of $226.90 million during the quarter, compared to analyst estimates of $227.14 million. Mueller Water Products had a return on equity of 15.43% and a net margin of 14.93%. Mueller Water Products’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.17 earnings per share. equities research analysts anticipate that Mueller Water Products will post 0.53 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Friday, November 10th were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend was Thursday, November 9th. Mueller Water Products’s dividend payout ratio (DPR) is 21.05%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Earnest Partners LLC grew its holdings in Mueller Water Products by 1.5% during the third quarter. Earnest Partners LLC now owns 8,262,308 shares of the industrial products company’s stock valued at $105,758,000 after purchasing an additional 125,808 shares during the period. Franklin Resources Inc. grew its holdings in Mueller Water Products by 5.4% during the second quarter. Franklin Resources Inc. now owns 7,646,300 shares of the industrial products company’s stock valued at $89,308,000 after purchasing an additional 389,500 shares during the period. Gamco Investors INC. ET AL grew its holdings in Mueller Water Products by 0.4% during the third 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 purchasing an additional 23,737 shares during the period. Dimensional Fund Advisors LP grew its holdings in Mueller Water Products by 13.4% during the second quarter. Dimensional Fund Advisors LP now owns 6,306,195 shares of the industrial products company’s stock valued at $73,657,000 after purchasing an additional 745,251 shares during the period. Finally, Impax Asset Management LTD grew its holdings in Mueller Water Products by 3.6% during the third quarter. Impax Asset Management LTD now owns 5,238,941 shares of the industrial products company’s stock valued at $67,058,000 after purchasing an additional 183,481 shares during the period. 84.02% of the stock is owned by institutional investors and hedge funds.

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

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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.

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

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