Mueller Water Products (NYSE:MWA) Share Price Passes Above Two Hundred Day Moving Average of $14.19

Mueller Water Products, Inc. (NYSE:MWA) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $14.19 and traded as high as $15.50. Mueller Water Products shares last traded at $15.34, with a volume of 1,934,374 shares traded.

Wall Street Analysts Forecast Growth

MWA has been the topic of several research analyst reports. StockNews.com raised Mueller Water Products from a “hold” rating to a “buy” rating in a research note on Saturday, March 16th. The Goldman Sachs Group lifted their price objective on Mueller Water Products from $15.00 to $17.00 and gave the company a “neutral” rating in a report on Tuesday, February 13th. Finally, Royal Bank of Canada increased their target price on Mueller Water Products from $14.00 to $15.00 and gave the stock a “sector perform” rating in a research note on Monday, February 12th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $17.00.

Mueller Water Products Price Performance

The firm has a market cap of $2.40 billion, a price-to-earnings ratio of 30.68, a PEG ratio of 1.84 and a beta of 1.35. The company’s fifty day moving average is $15.57 and its 200 day moving average is $14.19. The company has a quick ratio of 1.89, a current ratio of 3.29 and a debt-to-equity ratio of 0.61.

Mueller Water Products (NYSE:MWA) last posted its quarterly earnings data on Friday, February 9th. The industrial products company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.04. The company had revenue of $256.40 million during the quarter, compared to the consensus estimate of $250.64 million. Mueller Water Products had a net margin of 6.35% and a return on equity of 13.86%. The company’s quarterly revenue was down 18.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.13 EPS. On average, equities research analysts predict that Mueller Water Products, Inc. will post 0.69 EPS for the current year.

Mueller Water Products Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 20th. Investors of record on Friday, February 9th were issued a dividend of $0.064 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $0.26 dividend on an annualized basis and a yield of 1.67%. Mueller Water Products’s payout ratio is 52.00%.

Insider Buying and Selling at Mueller Water Products

In other news, Director Arsdell Stephen C. Van acquired 10,000 shares of the stock in a transaction dated Friday, March 1st. The shares were bought at an average cost of $15.42 per share, for a total transaction of $154,200.00. Following the purchase, the director now directly owns 80,603 shares of the company’s stock, valued at $1,242,898.26. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Kenji Takeuchi sold 6,658 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $15.62, for a total value of $103,997.96. Following the sale, the senior vice president now owns 34,196 shares in the company, valued at approximately $534,141.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Arsdell Stephen C. Van purchased 10,000 shares of the business’s stock in a transaction on Friday, March 1st. The shares were acquired at an average cost of $15.42 per share, with a total value of $154,200.00. Following the acquisition, the director now directly owns 80,603 shares in the company, valued at $1,242,898.26. The disclosure for this purchase can be found here. Insiders sold a total of 75,419 shares of company stock worth $1,135,416 over the last quarter. 1.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Mueller Water Products

Hedge funds have recently bought and sold shares of the stock. Metropolitan Life Insurance Co NY increased its stake in shares of Mueller Water Products by 8.1% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 9,608 shares of the industrial products company’s stock worth $103,000 after purchasing an additional 720 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Mueller Water Products by 7.3% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 10,736 shares of the industrial products company’s stock worth $155,000 after buying an additional 735 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its position in shares of Mueller Water Products by 4.0% in the second quarter. Mercer Global Advisors Inc. ADV now owns 20,077 shares of the industrial products company’s stock valued at $326,000 after acquiring an additional 764 shares during the period. HighTower Advisors LLC grew its stake in shares of Mueller Water Products by 7.7% in the third quarter. HighTower Advisors LLC now owns 11,379 shares of the industrial products company’s stock valued at $145,000 after acquiring an additional 809 shares in the last quarter. Finally, Amalgamated Bank increased its position in Mueller Water Products by 3.4% during the fourth quarter. Amalgamated Bank now owns 25,930 shares of the industrial products company’s stock worth $279,000 after acquiring an additional 846 shares during the period. 91.68% of the stock is currently owned by institutional investors and hedge funds.

Mueller Water Products Company Profile

Mueller Water Products, Inc manufactures and markets products and services for the transmission, distribution, and measurement of water used by municipalities, and the residential and non-residential construction industries in the United States, Israel, and internationally. It operates in two segments, Water Flow Solutions and Water Management Solutions.