Mueller Water Products (NYSE:MWA) CEO Paul Mcandrew Sells 40,000 Shares

Mueller Water Products (NYSE:MWA) CEO Paul Mcandrew sold 40,000 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $26.39, for a total transaction of $1,055,600.00. Following the completion of the transaction, the chief executive officer owned 42,556 shares in the company, valued at $1,123,052.84. The trade was a 48.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Mueller Water Products Trading Down 2.2%

Shares of NYSE MWA traded down $0.59 during trading hours on Monday, hitting $26.06. The company’s stock had a trading volume of 1,021,238 shares, compared to its average volume of 1,200,688. Mueller Water Products has a 12 month low of $22.74 and a 12 month high of $31.00. The stock has a market cap of $4.08 billion, a price-to-earnings ratio of 18.48, a P/E/G ratio of 1.17 and a beta of 1.03. 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 business has a 50-day simple moving average of $25.53 and a 200-day simple moving average of $27.03.

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

Mueller Water Products Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Monday, August 10th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.1%. Mueller Water Products’s payout ratio is presently 19.86%.

Wall Street Analyst Weigh In

MWA has been the subject of several research reports. Barclays began coverage on Mueller Water Products in a research report on Tuesday, June 30th. They issued an “underweight” rating and a $25.00 target price for the company. Weiss Ratings cut Mueller Water Products from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, July 24th. Wall Street Zen upgraded Mueller Water Products from a “hold” rating to a “buy” rating in a report on Monday. The Goldman Sachs Group reissued a “neutral” rating and set a $29.00 price objective on shares of Mueller Water Products in a research report on Wednesday, May 6th. Finally, Robert W. Baird set a $35.00 target price on shares of Mueller Water Products in a report on Friday. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $30.20.

Hedge Funds Weigh In On Mueller Water Products

Several institutional investors and hedge funds have recently modified their holdings of MWA. Maryland State Retirement & Pension System grew its holdings in shares of Mueller Water Products by 1.5% in the fourth quarter. Maryland State Retirement & Pension System now owns 22,808 shares of the industrial products company’s stock worth $543,000 after purchasing an additional 339 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Mueller Water Products by 10.4% during the 2nd quarter. GAMMA Investing LLC now owns 4,487 shares of the industrial products company’s stock valued at $116,000 after buying an additional 421 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in Mueller Water Products by 47.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,323 shares of the industrial products company’s stock valued at $32,000 after buying an additional 423 shares during the period. Steward Partners Investment Advisory LLC boosted its position in Mueller Water Products by 44.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,517 shares of the industrial products company’s stock valued at $36,000 after buying an additional 469 shares during the period. Finally, Oregon Public Employees Retirement Fund grew its stake in Mueller Water Products by 1.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 35,732 shares of the industrial products company’s stock worth $851,000 after acquiring an additional 500 shares in the last quarter. 91.68% of the stock is currently owned by 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.