Mueller Water Products (NYSE:MWA) Releases Earnings Results, Beats Estimates By $0.05 EPS

Mueller Water Products (NYSE:MWA) released its quarterly earnings data on Tuesday. The industrial products company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.20 by $0.05, Zacks reports. Mueller Water Products had a return on equity of 19.38% and a net margin of 8.82%.

Mueller Water Products Trading Up 0.7 %

Shares of MWA traded up $0.17 during trading hours on Tuesday, reaching $23.13. 1,127,632 shares of the company traded hands, compared to its average volume of 1,210,677. Mueller Water Products has a 12 month low of $13.49 and a 12 month 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. The company’s fifty day moving average price is $23.50 and its two-hundred day moving average price is $22.23. The company has a market capitalization of $3.62 billion, a price-to-earnings ratio of 31.68, a price-to-earnings-growth ratio of 1.31 and a beta of 1.38.

Mueller Water Products Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Monday, February 10th will be issued a $0.067 dividend. The ex-dividend date is Monday, February 10th. This represents a $0.27 annualized dividend and a yield of 1.16%. Mueller Water Products’s dividend payout ratio (DPR) is presently 36.99%.

Analyst Ratings Changes

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

Insider Buying and Selling

In other Mueller Water Products news, CAO Suzanne G. Smith sold 26,138 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $24.99, for a total value of $653,188.62. Following the completion of the transaction, the chief accounting officer now owns 9,378 shares in the company, valued at approximately $234,356.22. This represents a 73.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Todd P. Helms sold 57,948 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $25.69, for a total value of $1,488,684.12. Following the transaction, the senior vice president now directly owns 43,224 shares of the company’s stock, valued at $1,110,424.56. This represents a 57.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 98,433 shares of company stock valued at $2,494,144 over the last three months. Corporate insiders own 1.10% of the company’s stock.

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.