Insider Selling: Mueller Water Products (NYSE:MWA) SVP Sells 15,094 Shares of Stock

by · The Cerbat Gem

Mueller Water Products (NYSE:MWA – Get Free Report) SVP Todd Helms sold 15,094 shares of the firm’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $24.62, for a total transaction of $371,614.28. Following the sale, the senior vice president owned 85,917 shares of the company’s stock, valued at $2,115,276.54. This trade represents a 14.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Mueller Water Products Price Performance

Mueller Water Products stock traded down $0.06 during mid-day trading on Friday, reaching $24.58. 997,390 shares of the company were exchanged, compared to its average volume of 1,616,596. The company has a fifty day simple moving average of $24.86 and a 200-day simple moving average of $25.01. The firm has a market cap of $3.84 billion, a PE ratio of 20.31, a PEG ratio of 1.17 and a beta of 1.17. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.54 and a quick ratio of 2.41. Mueller Water Products has a 12 month low of $21.35 and a 12 month high of $28.58.

Mueller Water Products (NYSE:MWA – Get Free Report) last issued its quarterly earnings data on Thursday, February 24th. The industrial products company reported $0.11 EPS for the quarter. The business had revenue of $237.40 million during the quarter. Mueller Water Products had a net margin of 13.41% and a return on equity of 22.75%. As a group, equities research analysts expect that Mueller Water Products will post 1.24 earnings per share for the current fiscal year.

Mueller Water Products Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Monday, November 10th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $0.28 dividend on an annualized basis and a yield of 1.1%. This is a boost from Mueller Water Products’s previous quarterly dividend of $0.07. Mueller Water Products’s payout ratio is currently 23.14%.

Institutional Trading of Mueller Water Products

Several large investors have recently made changes to their positions in the company. Covestor Ltd raised its stake in Mueller Water Products by 131.8% during the 3rd quarter. Covestor Ltd now owns 1,050 shares of the industrial products company’s stock worth $27,000 after buying an additional 597 shares during the period. Cullen Frost Bankers Inc. increased its holdings in shares of Mueller Water Products by 112.5% during the second quarter. Cullen Frost Bankers Inc. now owns 1,294 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 685 shares in the last quarter. Quarry LP raised its position in shares of Mueller Water Products by 398.0% during the third quarter. Quarry LP now owns 2,196 shares of the industrial products company’s stock worth $56,000 after purchasing an additional 1,755 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of Mueller Water Products by 31.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,427 shares of the industrial products company’s stock worth $62,000 after purchasing an additional 575 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its position in Mueller Water Products by 177.7% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,635 shares of the industrial products company’s stock valued at $67,000 after purchasing an additional 1,686 shares during the period. 91.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Mueller Water Products in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $29.00.

Check Out Our Latest Report on MWA

About Mueller Water Products

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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.

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