Lydia W. Thomas Sells 10,791 Shares of Mueller Water Products, Inc. (NYSE:MWA) Stock

Mueller Water Products, Inc. (NYSE:MWA) Director Lydia W. Thomas sold 10,791 shares of Mueller Water Products stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $24.40, for a total value of $263,300.40. Following the completion of the transaction, the director now owns 136,405 shares of the company’s stock, valued at $3,328,282. This trade represents a 7.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Mueller Water Products Stock Performance

Shares of MWA stock opened at $25.18 on Friday. The company has a quick ratio of 2.31, a current ratio of 3.33 and a debt-to-equity ratio of 0.55. The business has a 50 day moving average of $22.50 and a two-hundred day moving average of $20.33. The company has a market cap of $3.93 billion, a P/E ratio of 34.49, a PEG ratio of 1.42 and a beta of 1.34. Mueller Water Products, Inc. has a 52 week low of $13.08 and a 52 week high of $26.28.

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

Mueller Water Products Increases Dividend

The firm also recently disclosed 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 was Friday, November 8th. This is an increase from Mueller Water Products’s previous quarterly dividend of $0.06. This represents a $0.27 annualized dividend and a dividend yield of 1.06%. Mueller Water Products’s payout ratio is currently 36.99%.

Analyst Ratings Changes

MWA has been the subject of a number of research reports. 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 downgraded Mueller Water Products from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 30th. TD Cowen downgraded Mueller Water Products from a “buy” rating to a “hold” rating and lifted their target price for the company from $19.00 to $20.00 in a research note on Friday, August 9th. Finally, Royal Bank of Canada lifted their target price on Mueller Water Products from $20.00 to $23.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 7th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $22.20.

Institutional Investors Weigh In On Mueller Water Products

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new stake in Mueller Water Products during the third quarter worth approximately $26,000. Allspring Global Investments Holdings LLC bought a new stake in Mueller Water Products during the second quarter worth approximately $72,000. National Bank of Canada FI raised its holdings in Mueller Water Products by 44.2% during the second quarter. National Bank of Canada FI now owns 4,757 shares of the industrial products company’s stock worth $83,000 after purchasing an additional 1,457 shares in the last quarter. Blue Trust Inc. raised its holdings in Mueller Water Products by 434.6% during the third quarter. Blue Trust Inc. now owns 4,892 shares of the industrial products company’s stock worth $106,000 after purchasing an additional 3,977 shares in the last quarter. Finally, TD Private Client Wealth LLC increased its holdings in shares of Mueller Water Products by 468.1% in the third 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. Institutional investors own 91.68% 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.