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

Mueller Water Products, Inc. (NYSE:MWAGet Free Report) Director Brian C. Healy bought 1,115 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were purchased at an average price of $22.32 per share, for a total transaction of $24,886.80. Following the completion of the acquisition, the director now owns 6,140 shares of the company’s stock, valued at $137,044.80. The trade was a 22.19 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Mueller Water Products Stock Performance

Shares of NYSE:MWA traded down $0.23 on Tuesday, hitting $22.03. The company had a trading volume of 1,005,984 shares, compared to its average volume of 851,071. Mueller Water Products, Inc. has a 1-year low of $13.49 and a 1-year high of $26.28. The stock has a market cap of $3.45 billion, a price-to-earnings ratio of 30.18, a P/E/G ratio of 1.38 and a beta of 1.38. The stock has a 50 day moving average price of $23.94 and a 200 day moving average price of $21.68. 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 (NYSE:MWAGet Free Report) last released its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. Mueller Water Products had a net margin of 8.82% and a return on equity of 19.38%. The business had revenue of $348.20 million for the quarter, compared to the consensus estimate of $324.80 million. During the same period in the prior year, the company posted $0.19 earnings per share. Mueller Water Products’s revenue was up 15.5% compared to the same quarter last year. Analysts expect that Mueller Water Products, Inc. will post 1.17 EPS for the current year.

Mueller Water Products Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Friday, November 8th were paid a $0.067 dividend. The ex-dividend date of this dividend 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 1.22%. Mueller Water Products’s dividend payout ratio is 35.62%.

Hedge Funds Weigh In On Mueller Water Products

Institutional investors and hedge funds have recently modified their holdings of the business. V Square Quantitative Management LLC bought a new stake in Mueller Water Products during the third quarter worth about $26,000. Allspring Global Investments Holdings LLC bought a new stake in Mueller Water Products during the second quarter worth about $72,000. National Bank of Canada FI lifted its position 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 during the period. Blue Trust Inc. lifted its position 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 during the period. Finally, TD Private Client Wealth LLC lifted its position in Mueller Water Products by 468.1% during the third quarter. TD Private Client Wealth LLC now owns 5,408 shares of the industrial products company’s stock worth $117,000 after purchasing an additional 4,456 shares during the period. 91.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MWA has been the topic of a number of recent analyst 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 reiterated an “outperform” rating and issued a $27.00 price objective (up from $26.00) on shares of Mueller Water Products in a report on Friday, November 8th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $22.20.

Check Out Our Latest Report on MWA

Mueller Water Products Company Profile

(Get Free Report)

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.

Featured Stories

Insider Buying and Selling by Quarter for Mueller Water Products (NYSE:MWA)

Receive News & Ratings for Mueller Water Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mueller Water Products and related companies with MarketBeat.com's FREE daily email newsletter.