Kenji Takeuchi Sells 6,658 Shares of Mueller Water Products, Inc. (NYSE:MWA) Stock

Mueller Water Products, Inc. (NYSE:MWAGet Free Report) SVP Kenji Takeuchi sold 6,658 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $15.62, for a total value of $103,997.96. Following the transaction, the senior vice president now owns 34,196 shares in the company, valued at $534,141.52. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Mueller Water Products Trading Down 1.2 %

Shares of MWA stock opened at $15.37 on Friday. The stock has a market capitalization of $2.40 billion, a PE ratio of 30.74, a P/E/G ratio of 1.89 and a beta of 1.34. Mueller Water Products, Inc. has a 1-year low of $12.11 and a 1-year high of $16.93. The business has a 50-day moving average of $14.54 and a 200 day moving average of $13.66. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.29 and a quick ratio of 1.89.

Mueller Water Products (NYSE:MWAGet Free Report) last issued its earnings results on Friday, February 9th. The industrial products company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.04. Mueller Water Products had a return on equity of 13.86% and a net margin of 6.35%. The company had revenue of $256.40 million during the quarter, compared to analysts’ expectations of $250.64 million. During the same period in the prior year, the business posted $0.13 EPS. Mueller Water Products’s quarterly revenue was down 18.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Mueller Water Products, Inc. will post 0.69 earnings per share for the current year.

Mueller Water Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 20th. Shareholders of record on Friday, February 9th were issued a $0.064 dividend. This represents a $0.26 annualized dividend and a yield of 1.67%. The ex-dividend date was Thursday, February 8th. Mueller Water Products’s dividend payout ratio (DPR) is currently 52.00%.

Institutional Investors Weigh In On Mueller Water Products

Several institutional investors and hedge funds have recently bought and sold shares of the business. Metropolitan Life Insurance Co NY lifted its holdings in Mueller Water Products by 8.1% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 9,608 shares of the industrial products company’s stock worth $103,000 after buying an additional 720 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in Mueller Water Products by 7.3% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 10,736 shares of the industrial products company’s stock worth $155,000 after buying an additional 735 shares during the period. Mercer Global Advisors Inc. ADV lifted its holdings in Mueller Water Products by 4.0% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 20,077 shares of the industrial products company’s stock worth $326,000 after buying an additional 764 shares during the period. HighTower Advisors LLC lifted its holdings in Mueller Water Products by 7.7% in the 3rd quarter. HighTower Advisors LLC now owns 11,379 shares of the industrial products company’s stock worth $145,000 after buying an additional 809 shares during the period. Finally, Amalgamated Bank lifted its holdings in Mueller Water Products by 3.4% in the 4th quarter. Amalgamated Bank now owns 25,930 shares of the industrial products company’s stock worth $279,000 after buying an additional 846 shares during the period.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. The Goldman Sachs Group increased their price objective on Mueller Water Products from $15.00 to $17.00 and gave the company a “neutral” rating in a research report on Tuesday, February 13th. Royal Bank of Canada increased their target price on Mueller Water Products from $14.00 to $15.00 and gave the company a “sector perform” rating in a report on Monday, February 12th. Finally, StockNews.com upgraded Mueller Water Products from a “hold” rating to a “buy” rating in a report on Friday, February 9th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $17.00.

View Our Latest Stock Report on Mueller Water Products

Mueller Water Products Company Profile

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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.

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