Mueller Water Products, Inc. (NYSE:MWA) SVP Sells $1,488,684.12 in Stock

Mueller Water Products, Inc. (NYSE:MWA) SVP Todd P. Helms sold 57,948 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $25.69, for a total transaction of $1,488,684.12. Following the sale, the senior vice president now directly owns 43,224 shares in the company, valued at approximately $1,110,424.56. The trade was a 57.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Mueller Water Products Stock Performance

Shares of NYSE:MWA opened at $25.30 on Friday. The company has a current ratio of 3.33, a quick ratio of 2.16 and a debt-to-equity ratio of 0.55. Mueller Water Products, Inc. has a 12 month low of $13.45 and a 12 month high of $26.28. The company has a market capitalization of $3.95 billion, a price-to-earnings ratio of 34.66, a PEG ratio of 1.45 and a beta of 1.37. The firm’s 50-day moving average is $23.46 and its 200 day moving average is $20.82.

Mueller Water Products (NYSE:MWA) last released its earnings results on Wednesday, November 6th. The industrial products company reported $0.22 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 firm had revenue of $348.20 million for the quarter, compared to analysts’ expectations of $324.80 million. During the same quarter in the prior year, the firm posted $0.19 earnings per share. The company’s quarterly revenue was up 15.5% on a year-over-year basis. Research analysts predict that Mueller Water Products, Inc. will post 1.17 EPS 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. This is an increase from Mueller Water Products’s previous quarterly dividend of $0.06. The ex-dividend date was Friday, November 8th. This represents a $0.27 dividend on an annualized basis and a dividend yield of 1.06%. Mueller Water Products’s dividend payout ratio is presently 36.99%.

Institutional Trading of Mueller Water Products

Institutional investors and hedge funds have recently made changes to their positions in the company. Franklin Resources Inc. grew its holdings in Mueller Water Products by 10.1% in the third quarter. Franklin Resources Inc. now owns 8,618,782 shares of the industrial products company’s stock worth $197,456,000 after purchasing an additional 791,569 shares during the last quarter. Synovus Financial Corp boosted its position in shares of Mueller Water Products by 100.0% in the 3rd quarter. Synovus Financial Corp now owns 25,448 shares of the industrial products company’s stock worth $552,000 after purchasing an additional 12,724 shares in the last quarter. Tidal Investments LLC purchased a new position in Mueller Water Products during the 3rd quarter worth $414,000. TD Private Client Wealth LLC increased its position in Mueller Water Products by 468.1% during the 3rd quarter. TD Private Client Wealth LLC now owns 5,408 shares of the industrial products company’s stock valued at $117,000 after buying an additional 4,456 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Mueller Water Products by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 3,538,901 shares of the industrial products company’s stock valued at $76,809,000 after buying an additional 73,069 shares in the last quarter. 91.68% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MWA has been the topic of a number of research reports. StockNews.com downgraded shares of Mueller Water Products from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 30th. Oppenheimer reissued an “outperform” rating and set a $27.00 price objective (up from $26.00) on shares of Mueller Water Products in a research note on Friday, November 8th. Finally, TD Cowen lowered Mueller Water Products from a “buy” rating to a “hold” rating and raised their price objective for the company from $19.00 to $20.00 in a research note on Friday, August 9th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock 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.