Brian Healy Purchases 1,166 Shares of Mueller Water Products (NYSE:MWA) Stock

Mueller Water Products (NYSE:MWA) Director Brian Healy purchased 1,166 shares of the business’s stock in a transaction on Friday, May 15th. The stock was acquired at an average price of $25.75 per share, with a total value of $30,024.50. Following the completion of the acquisition, the director directly owned 23,763 shares in the company, valued at $611,897.25. The trade was a 5.16% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Mueller Water Products Stock Down 2.8%

Shares of Mueller Water Products stock opened at $25.01 on Wednesday. The company has a fifty day moving average price of $27.68 and a 200 day moving average price of $26.64. The company has a current ratio of 4.57, a quick ratio of 2.92 and a debt-to-equity ratio of 0.42. Mueller Water Products has a twelve month low of $22.74 and a twelve month high of $31.00. The stock has a market cap of $3.91 billion, a price-to-earnings ratio of 19.09, a price-to-earnings-growth ratio of 1.17 and a beta of 1.08.

Mueller Water Products (NYSE:MWA) last posted its quarterly earnings data on Tuesday, April 21st. The industrial products company reported $2.16 earnings per share for the quarter. The company had revenue of $1.19 billion during the quarter. Mueller Water Products had a net margin of 14.17% and a return on equity of 22.11%. Equities research analysts forecast that Mueller Water Products will post 1.47 earnings per share for the current fiscal year.

Mueller Water Products Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 20th. Investors of record on Monday, May 11th will be paid a dividend of $0.07 per share. The ex-dividend date is Monday, May 11th. This represents a $0.28 annualized dividend and a yield of 1.1%. Mueller Water Products’s dividend payout ratio is 21.37%.

Wall Street Analysts Forecast Growth

MWA has been the subject of several recent analyst reports. The Goldman Sachs Group reiterated a “neutral” rating and issued a $29.00 price objective on shares of Mueller Water Products in a report on Wednesday, May 6th. Royal Bank Of Canada raised their target price on shares of Mueller Water Products from $30.00 to $31.00 and gave the stock a “sector perform” rating in a report on Thursday, May 7th. Oppenheimer restated an “outperform” rating and set a $32.00 target price (up from $30.00) on shares of Mueller Water Products in a report on Monday, February 9th. Finally, Robert W. Baird set a $33.00 target price 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 two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $31.25.

Institutional Investors Weigh In On Mueller Water Products

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Y Intercept Hong Kong Ltd purchased a new stake in Mueller Water Products in the 3rd quarter worth approximately $692,000. Jupiter Asset Management Ltd. lifted its position in Mueller Water Products by 62.3% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 930,230 shares of the industrial products company’s stock worth $23,739,000 after buying an additional 357,087 shares in the last quarter. Perpetual Ltd lifted its position in Mueller Water Products by 10.2% in the 4th quarter. Perpetual Ltd now owns 429,580 shares of the industrial products company’s stock worth $10,233,000 after buying an additional 39,656 shares in the last quarter. SG Americas Securities LLC lifted its position in Mueller Water Products by 998.6% in the 4th quarter. SG Americas Securities LLC now owns 387,050 shares of the industrial products company’s stock worth $9,220,000 after buying an additional 351,819 shares in the last quarter. Finally, Fox Run Management L.L.C. purchased a new stake in Mueller Water Products in the 3rd quarter worth approximately $1,781,000. Hedge funds and other institutional investors own 91.68% of the company’s stock.

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.