Brian C. Healy Acquires 1,115 Shares of Mueller Water Products, Inc. (NYSE:MWA) Stock

Mueller Water Products, Inc. (NYSE:MWA) Director Brian C. Healy acquired 1,115 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were bought at an average cost of $22.32 per share, with a total value of $24,886.80. Following the completion of the acquisition, the director now owns 6,140 shares in the company, valued at $137,044.80. This represents a 22.19 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Mueller Water Products Stock Performance

Shares of NYSE MWA opened at $22.09 on Thursday. The stock has a market capitalization of $3.46 billion, a P/E ratio of 30.26, a P/E/G ratio of 1.38 and a beta of 1.38. The firm’s 50-day moving average price is $23.94 and its two-hundred day moving average price is $21.68. Mueller Water Products, Inc. has a 52-week low of $13.49 and a 52-week high of $26.28. The company has a quick ratio of 2.16, a current ratio of 3.33 and a debt-to-equity ratio of 0.55.

Mueller Water Products (NYSE:MWA) last released its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.22. Mueller Water Products had a return on equity of 19.38% and a net margin of 8.82%. The business had revenue of $348.20 million during the quarter, compared to analyst estimates of $324.80 million. During the same quarter in the previous year, the firm posted $0.19 EPS. The business’s revenue for the quarter was up 15.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Mueller Water Products, Inc. will post 1.17 earnings per share for the current year.

Mueller Water Products Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Friday, November 8th were given a dividend of $0.067 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.27 annualized dividend and a dividend yield of 1.21%. This is a positive change from Mueller Water Products’s previous quarterly dividend of $0.06. Mueller Water Products’s dividend payout ratio is currently 35.62%.

Institutional Trading of Mueller Water Products

Several hedge funds have recently bought and sold shares of the company. V Square Quantitative Management LLC bought a new position in Mueller Water Products in the 3rd quarter worth about $26,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Mueller Water Products during the second quarter worth approximately $72,000. National Bank of Canada FI grew its holdings in Mueller Water Products by 44.2% in the 2nd quarter. National Bank of Canada FI now owns 4,757 shares of the industrial products company’s stock worth $83,000 after buying an additional 1,457 shares in the last quarter. Quarry LP increased its position in Mueller Water Products by 341.0% in the 2nd quarter. Quarry LP now owns 5,632 shares of the industrial products company’s stock valued at $101,000 after acquiring an additional 4,355 shares during the period. Finally, Blue Trust Inc. raised its stake in Mueller Water Products by 434.6% during the 3rd quarter. Blue Trust Inc. now owns 4,892 shares of the industrial products company’s stock valued at $106,000 after acquiring an additional 3,977 shares in the last quarter. 91.68% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on MWA. Oppenheimer reiterated an “outperform” rating and issued a $27.00 price target (up from $26.00) on shares of Mueller Water Products in a research note on Friday, November 8th. StockNews.com lowered Mueller Water Products from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 30th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $22.20.

About Mueller Water Products

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.