Mueller Water Products (MWA) Insider Gregory E. Hyland Sells 142,243 Shares
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.
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.
TRADEMARK VIOLATION WARNING: This story was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this story on another publication, it was copied illegally and reposted in violation of US and international copyright legislation. The legal version of this story can be read at https://www.thecerbatgem.com/2017/12/01/mueller-water-products-mwa-insider-gregory-e-hyland-sells-142243-shares.html.
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.
Receive News & Stock Ratings for Mueller Water Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mueller Water Products and related stocks with our FREE daily email newsletter.