Christine Ortiz Sells 12,048 Shares of Mueller Water Products (NYSE:MWA) Stock

Mueller Water Products (NYSE:MWA) Director Christine Ortiz sold 12,048 shares of the company’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $24.23, for a total transaction of $291,923.04. Following the completion of the transaction, the director owned 30,824 shares of the company’s stock, valued at $746,865.52. This trade represents a 28.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Christine Ortiz also recently made the following trade(s):

• On Tuesday, September 1st, Christine Ortiz sold 550 shares of Mueller Water Products stock. The shares were sold at an average price of $23.93, for a total transaction of $13,161.50.

Mueller Water Products Stock Performance

Mueller Water Products stock opened at $23.56 on Wednesday. Mueller Water Products has a 12-month low of $22.74 and a 12-month high of $31.00. The company has a market capitalization of $3.68 billion, a price-to-earnings ratio of 16.71, a price-to-earnings-growth ratio of 1.06 and a beta of 1.01. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.64 and a quick ratio of 3.08. The firm’s fifty day moving average price is $25.36 and its 200 day moving average price is $26.73.

Mueller Water Products (NYSE:MWA) last posted its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.11. The company had revenue of $395.90 million during the quarter, compared to analysts’ expectations of $391.49 million. Mueller Water Products had a net margin of 15.02% and a return on equity of 23.55%. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.34 EPS. On average, research analysts forecast that Mueller Water Products will post 1.53 EPS for the current fiscal year.

Mueller Water Products Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Monday, August 10th were issued a $0.07 dividend. The ex-dividend date of this dividend was Monday, August 10th. This represents a $0.28 dividend on an annualized basis and a yield of 1.2%. Mueller Water Products’s dividend payout ratio is currently 19.86%.

Institutional Trading of Mueller Water Products

Several hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp raised its stake in Mueller Water Products by 4.2% during the fourth quarter. State Street Corp now owns 6,165,849 shares of the industrial products company’s stock valued at $146,871,000 after buying an additional 250,461 shares in the last quarter. First Trust Advisors LP grew its position in shares of Mueller Water Products by 34.0% in the 1st quarter. First Trust Advisors LP now owns 6,036,679 shares of the industrial products company’s stock worth $165,948,000 after acquiring an additional 1,530,193 shares in the last quarter. California State Teachers Retirement System grew its position in shares of Mueller Water Products by 2,335.3% in the 2nd quarter. California State Teachers Retirement System now owns 4,542,541 shares of the industrial products company’s stock worth $117,334,000 after acquiring an additional 4,356,012 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Mueller Water Products by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,613,397 shares of the industrial products company’s stock worth $86,075,000 after acquiring an additional 22,056 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Mueller Water Products by 1.2% in the 4th quarter. Principal Financial Group Inc. now owns 3,262,684 shares of the industrial products company’s stock valued at $77,717,000 after acquiring an additional 37,148 shares during the last quarter. 91.68% of the stock is owned by institutional investors.

Analyst Ratings Changes

MWA has been the topic of several analyst reports. Weiss Ratings upgraded Mueller Water Products from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. The Goldman Sachs Group reiterated a “neutral” rating and set a $29.00 target price on shares of Mueller Water Products in a research note on Wednesday, May 6th. Wall Street Zen raised shares of Mueller Water Products from a “hold” rating to a “buy” rating in a research report on Monday, August 10th. Royal Bank Of Canada dropped their price target on shares of Mueller Water Products from $31.00 to $30.00 and set a “sector perform” rating for the company in a research note on Friday, August 7th. Finally, Robert W. Baird set a $35.00 price target on shares of Mueller Water Products in a report on Friday, August 7th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Mueller Water Products presently has an average rating of “Hold” and a consensus target price of $30.20.

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.