Suzanne G. Smith Sells 26,138 Shares of Mueller Water Products, Inc. (NYSE:MWA) Stock

Mueller Water Products, Inc. (NYSE:MWAGet Free Report) CAO Suzanne G. Smith sold 26,138 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $24.99, for a total value of $653,188.62. Following the completion of the transaction, the chief accounting officer now directly owns 9,378 shares of the company’s stock, valued at approximately $234,356.22. This trade represents a 73.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Mueller Water Products Stock Performance

NYSE MWA opened at $24.93 on Tuesday. The stock has a market capitalization of $3.89 billion, a price-to-earnings ratio of 34.14, a PEG ratio of 1.44 and a beta of 1.37. The stock has a 50-day moving average of $23.52 and a 200 day moving average of $20.89. The company has a current ratio of 3.33, a quick ratio of 2.16 and a debt-to-equity ratio of 0.55. Mueller Water Products, Inc. has a twelve month low of $13.49 and a twelve month high of $26.28.

Mueller Water Products (NYSE:MWAGet Free Report) last released its earnings results on Wednesday, November 6th. The industrial products company reported $0.22 EPS for the quarter, hitting analysts’ consensus estimates of $0.22. Mueller Water Products had a net margin of 8.82% and a return on equity of 19.38%. The business had revenue of $348.20 million during the quarter, compared to analysts’ expectations of $324.80 million. During the same quarter in the previous year, the company earned $0.19 earnings per share. The company’s quarterly revenue was up 15.5% on a year-over-year basis. Sell-side analysts anticipate that Mueller Water Products, Inc. will post 1.17 EPS for the current fiscal year.

Mueller Water Products Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Friday, November 8th were paid a dividend of $0.067 per share. This represents a $0.27 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend was Friday, November 8th. This is a boost from Mueller Water Products’s previous quarterly dividend of $0.06. Mueller Water Products’s payout ratio is 36.99%.

Institutional Investors Weigh In On Mueller Water Products

A number of hedge funds have recently modified their holdings of the business. Franklin Resources Inc. boosted its position in Mueller Water Products by 10.1% during the third quarter. Franklin Resources Inc. now owns 8,618,782 shares of the industrial products company’s stock worth $197,456,000 after acquiring an additional 791,569 shares during the last quarter. Synovus Financial Corp raised its holdings in Mueller Water Products by 100.0% in the 3rd quarter. Synovus Financial Corp now owns 25,448 shares of the industrial products company’s stock valued at $552,000 after acquiring an additional 12,724 shares during the last quarter. Tidal Investments LLC purchased a new position in Mueller Water Products in the 3rd quarter worth approximately $414,000. TD Private Client Wealth LLC boosted its holdings in shares of Mueller Water Products by 468.1% during the 3rd quarter. TD Private Client Wealth LLC now owns 5,408 shares of the industrial products company’s stock worth $117,000 after purchasing an additional 4,456 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Mueller Water Products by 2.1% in the third quarter. Geode Capital Management LLC now owns 3,538,901 shares of the industrial products company’s stock valued at $76,809,000 after purchasing an additional 73,069 shares in the last quarter. 91.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on MWA. StockNews.com downgraded Mueller Water Products from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 30th. Oppenheimer reaffirmed an “outperform” rating and set a $27.00 target price (up from $26.00) on shares of Mueller Water Products in a report on Friday, November 8th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Mueller Water Products has an average rating of “Hold” and an average price target of $22.20.

Check Out Our Latest Analysis 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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