Mueller Water Products (NYSE:MWA) Issues Quarterly Earnings Results

Mueller Water Products (NYSE:MWA) posted its earnings results on Tuesday. The industrial products company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.02, Zacks reports. Mueller Water Products had a return on equity of 22.34% and a net margin of 13.83%.

Mueller Water Products Price Performance

Shares of MWA stock traded up $0.33 during trading on Tuesday, hitting $27.56. The company had a trading volume of 863,456 shares, compared to its average volume of 1,169,069. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.55 and a current ratio of 4.02. The firm has a market capitalization of $4.31 billion, a P/E ratio of 21.87, a price-to-earnings-growth ratio of 1.26 and a beta of 1.08. The stock’s 50-day moving average price is $28.45 and its 200 day moving average price is $26.61. Mueller Water Products has a one year low of $22.74 and a one year high of $31.00.

Mueller Water Products Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 20th. Investors of record on Monday, May 11th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Monday, May 11th. Mueller Water Products’s payout ratio is 22.22%.

Insider Activity at Mueller Water Products

In related news, Director Gregg C. Sengstack purchased 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The stock was acquired at an average cost of $29.58 per share, for a total transaction of $739,500.00. Following the completion of the purchase, the director owned 25,000 shares in the company, valued at approximately $739,500. This represents a ? increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Todd P. Helms sold 10,720 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $27.61, for a total value of $295,979.20. Following the completion of the sale, the senior vice president owned 64,477 shares of the company’s stock, valued at approximately $1,780,209.97. This trade represents a 14.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Mueller Water Products

A number of large investors have recently modified their holdings of MWA. Strive Financial Group LLC acquired a new position in shares of Mueller Water Products during the 4th quarter worth $26,000. Smartleaf Asset Management LLC raised its holdings in shares of 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 worth $32,000 after buying an additional 423 shares in the last quarter. Steward Partners Investment Advisory LLC raised its holdings in shares of Mueller Water Products by 44.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,517 shares of the industrial products company’s stock worth $36,000 after buying an additional 469 shares in the last quarter. Quarry LP raised its holdings in shares of Mueller Water Products by 398.0% during the 3rd quarter. Quarry LP now owns 2,196 shares of the industrial products company’s stock worth $56,000 after buying an additional 1,755 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Mueller Water Products by 677.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,204 shares of the industrial products company’s stock worth $77,000 after buying an additional 2,792 shares in the last quarter. Institutional investors and hedge funds own 91.68% of the company’s stock.

Analyst Ratings Changes

MWA has been the topic of a number of recent research reports. Robert W. Baird set a $33.00 target price on Mueller Water Products in a research report on Friday, February 6th. Oppenheimer reaffirmed an “outperform” rating and issued a $32.00 target price (up from $30.00) on shares of Mueller Water Products in a research report on Monday, February 9th. Finally, Royal Bank Of Canada lifted their target price on Mueller Water Products from $27.00 to $29.00 and gave the company a “sector perform” rating in a research report on Friday, February 6th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Mueller Water Products has an average rating of “Moderate Buy” and an average 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.