Christine Ortiz Sells 550 Shares of Mueller Water Products (NYSE:MWA) Stock

Mueller Water Products (NYSE:MWA) Director Christine Ortiz sold 550 shares of the stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $23.93, for a total value of $13,161.50. Following the transaction, the director owned 30,274 shares of the company’s stock, valued at $724,456.82. The trade was a 1.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 Monday, August 31st, Christine Ortiz sold 12,048 shares of Mueller Water Products stock. The stock was sold at an average price of $24.23, for a total value of $291,923.04.

Mueller Water Products Trading Up 1.2%

Shares of Mueller Water Products stock opened at $23.85 on Thursday. The stock has a market capitalization of $3.72 billion, a P/E ratio of 16.91, a P/E/G ratio of 1.03 and a beta of 1.01. Mueller Water Products has a 52-week low of $22.74 and a 52-week high of $31.00. The company has a debt-to-equity ratio of 0.40, a quick ratio of 3.08 and a current ratio of 4.64. The stock’s 50-day simple moving average is $25.32 and its 200 day simple moving average is $26.69.

Mueller Water Products (NYSE:MWA) last issued its earnings results on Wednesday, August 5th. The industrial products company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.11. The firm had revenue of $395.90 million during the quarter, compared to analyst estimates of $391.49 million. Mueller Water Products had a net margin of 15.02% and a return on equity of 23.55%. The company’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the business earned $0.34 earnings per share. As a group, research analysts anticipate that Mueller Water Products will post 1.53 EPS for the current year.

Mueller Water Products Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a yield of 1.2%. Mueller Water Products’s dividend payout ratio (DPR) is 19.86%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MWA. Wall Street Zen upgraded shares of Mueller Water Products from a “hold” rating to a “buy” rating in a research note on Monday, August 10th. Weiss Ratings upgraded Mueller Water Products from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. Barclays began coverage on Mueller Water Products in a report on Tuesday, June 30th. They issued an “underweight” rating and a $25.00 price target for the company. The Goldman Sachs Group reiterated a “neutral” rating and set a $29.00 price objective on shares of Mueller Water Products in a research note on Wednesday, May 6th. Finally, Robert W. Baird set a $35.00 price objective on Mueller Water Products in a report on Friday, August 7th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Mueller Water Products currently has a consensus rating of “Hold” and a consensus target price of $30.20.

Institutional Trading of Mueller Water Products

Institutional investors and hedge funds have recently bought and sold shares of the company. Danske Bank A S boosted its holdings in Mueller Water Products by 266.7% in the 4th quarter. Danske Bank A S now owns 1,100 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 800 shares during the period. Strive Financial Group LLC purchased a new stake in shares of Mueller Water Products in the fourth quarter worth $26,000. Smartleaf Asset Management LLC raised its position in shares of Mueller Water Products by 47.0% in the fourth 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 position in shares of Mueller Water Products by 44.8% in the fourth 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. Finally, Public Employees Retirement System of Ohio bought a new stake in Mueller Water Products during the second quarter valued at $43,000. 91.68% of the stock is currently owned by hedge funds and other institutional investors.

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.