Todd P. Helms Sells 3,556 Shares of Mueller Water Products, Inc. (NYSE:MWA) Stock

Mueller Water Products, Inc. (NYSE:MWA) SVP Todd P. Helms sold 3,556 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $25.02, for a total transaction of $88,971.12. Following the sale, the senior vice president now owns 38,683 shares in the company, valued at $967,848.66. The trade was a 8.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Mueller Water Products Trading Down 1.2 %

Shares of MWA opened at $24.96 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.33 and a quick ratio of 2.16. Mueller Water Products, Inc. has a 1-year low of $13.08 and a 1-year high of $26.28. The stock has a market cap of $3.90 billion, a price-to-earnings ratio of 34.19, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34. The firm has a 50 day simple moving average of $22.96 and a 200-day simple moving average of $20.57.

Mueller Water Products (NYSE:MWA) last announced 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 earned $0.19 EPS. Mueller Water Products’s quarterly revenue was up 15.5% on a year-over-year basis. Equities analysts forecast that Mueller Water Products, Inc. will post 1.17 EPS for the current fiscal year.

Mueller Water Products Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Friday, November 8th were paid a $0.067 dividend. 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 annualized dividend and a yield of 1.07%. Mueller Water Products’s payout ratio is presently 36.99%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new stake in shares of Mueller Water Products during the third quarter worth about $26,000. Allspring Global Investments Holdings LLC acquired a new stake in Mueller Water Products during the second quarter worth approximately $72,000. National Bank of Canada FI grew its stake in Mueller Water Products by 44.2% in the 2nd quarter. National Bank of Canada FI now owns 4,757 shares of the industrial products company’s stock worth $83,000 after acquiring an additional 1,457 shares during the period. Quarry LP raised its holdings in Mueller Water Products by 341.0% in the 2nd quarter. Quarry LP now owns 5,632 shares of the industrial products company’s stock valued at $101,000 after acquiring an additional 4,355 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of Mueller Water Products by 434.6% during the 3rd 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. 91.68% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the stock. 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 target (up previously from $26.00) on shares of Mueller Water Products in a research note on Friday, November 8th. TD Cowen cut Mueller Water Products from a “buy” rating to a “hold” rating and upped their price target for the stock from $19.00 to $20.00 in a report on Friday, August 9th. Finally, Royal Bank of Canada lifted their price objective on Mueller Water Products from $20.00 to $23.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 7th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $22.20.

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.