Mueller Water Products (NYSE:MWA) SVP Todd Helms Sells 10,720 Shares

Mueller Water Products (NYSE:MWA) SVP Todd Helms sold 10,720 shares of the firm’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $29.72, for a total value of $318,598.40. Following the completion of the sale, the senior vice president directly owned 75,197 shares in the company, valued at approximately $2,234,854.84. The trade was a 12.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Mueller Water Products Trading Up 0.6%

Shares of MWA stock opened at $29.96 on Friday. The firm’s 50-day simple moving average is $26.53 and its 200-day simple moving average is $25.73. The company has a debt-to-equity ratio of 0.44, a current ratio of 4.02 and a quick ratio of 2.55. Mueller Water Products has a 1-year low of $22.01 and a 1-year high of $30.47. The firm has a market cap of $4.68 billion, a P/E ratio of 23.77, a PEG ratio of 1.37 and a beta of 1.17.

Mueller Water Products (NYSE:MWA) last issued its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.27 by $0.02. The firm had revenue of $318.20 million during the quarter, compared to analyst estimates of $315.26 million. Mueller Water Products had a net margin of 13.83% and a return on equity of 22.34%. Mueller Water Products’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.25 earnings per share. As a group, equities analysts forecast that Mueller Water Products will post 1.24 EPS for the current year.

Mueller Water Products Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Tuesday, February 10th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Tuesday, February 10th. Mueller Water Products’s dividend payout ratio (DPR) is 22.22%.

Institutional Investors Weigh In On Mueller Water Products

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Danske Bank A S lifted its holdings in Mueller Water Products by 266.7% in the 4th quarter. Danske Bank A S now owns 1,100 shares of the industrial products company’s stock worth $26,000 after buying an additional 800 shares in the last quarter. Strive Financial Group LLC purchased a new stake in shares of Mueller Water Products during the fourth quarter worth about $26,000. Covestor Ltd lifted its stake in shares of Mueller Water Products by 131.8% in the third quarter. Covestor Ltd now owns 1,050 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 597 shares in the last quarter. Cullen Frost Bankers Inc. boosted its holdings in Mueller Water Products by 112.5% in the second quarter. Cullen Frost Bankers Inc. now owns 1,294 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 685 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in Mueller Water Products by 47.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,323 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 423 shares in the last quarter. Hedge funds and other institutional investors own 91.68% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on MWA shares. Royal Bank Of Canada upped their price target on Mueller Water Products from $27.00 to $29.00 and gave the stock a “sector perform” rating in a research note on Friday, February 6th. Oppenheimer reissued an “outperform” rating and set a $32.00 target price (up previously from $30.00) on shares of Mueller Water Products in a research report on Monday, February 9th. Finally, Robert W. Baird set a $33.00 price target on shares of Mueller Water Products in a report on Friday, February 6th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.33.

Mueller Water Products Company Profile

Mueller Water Products, Inc is a leading provider of water infrastructure and flow control products and services designed to help water utilities and municipalities manage, control and measure their water distribution systems. The company’s portfolio includes a comprehensive range of products such as fire hydrants, valves, pipe repair systems, fittings and couplings, along with advanced metering and monitoring solutions. By combining traditional mechanical components with digital technologies, Mueller Water Products addresses the critical need for reliable and sustainable water distribution across North America.

The company’s operations are organized around two primary business segments.