Mueller Water Products (NYSE:MWA) Sees Unusually-High Trading Volume

Mueller Water Products, Inc. (NYSE:MWAGet Rating) saw strong trading volume on Wednesday . 70,920 shares changed hands during mid-day trading, a decline of 92% from the previous session’s volume of 855,902 shares.The stock last traded at $10.68 and had previously closed at $10.55.

Analysts Set New Price Targets

MWA has been the subject of a number of research reports. StockNews.com cut shares of Mueller Water Products from a “buy” rating to a “hold” rating in a research note on Tuesday, July 19th. Cowen cut their target price on shares of Mueller Water Products from $15.00 to $13.00 in a research note on Tuesday, June 28th. Cowen lowered their price target on shares of Mueller Water Products from $15.00 to $13.00 in a research report on Tuesday, June 28th. TheStreet upgraded shares of Mueller Water Products from a “c+” rating to a “b” rating in a research report on Tuesday, August 9th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Mueller Water Products in a research report on Wednesday, August 17th. They set a “hold” rating and a $12.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Mueller Water Products has an average rating of “Hold” and an average target price of $12.67.

Mueller Water Products Price Performance

The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.02 and a current ratio of 3.26. The company’s fifty day simple moving average is $11.78 and its two-hundred day simple moving average is $12.02. The stock has a market capitalization of $1.62 billion, a PE ratio of 18.41, a P/E/G ratio of 1.42 and a beta of 1.29.

Mueller Water Products (NYSE:MWAGet Rating) last released its earnings results on Thursday, August 4th. The industrial products company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01). The company had revenue of $333.20 million during the quarter, compared to analyst estimates of $330.29 million. Mueller Water Products had a return on equity of 13.67% and a net margin of 7.25%. Mueller Water Products’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.18 earnings per share. As a group, sell-side analysts predict that Mueller Water Products, Inc. will post 0.62 EPS for the current year.

Mueller Water Products Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 22nd. Shareholders of record on Wednesday, August 10th were paid a dividend of $0.058 per share. The ex-dividend date of this dividend was Tuesday, August 9th. This represents a $0.23 annualized dividend and a yield of 2.25%. Mueller Water Products’s payout ratio is 41.07%.

Insider Activity

In related news, Director Thomas J. Hansen sold 12,578 shares of the company’s stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $12.00, for a total value of $150,936.00. Following the completion of the sale, the director now owns 82,088 shares of the company’s stock, valued at $985,056. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.50% of the company’s stock.

Institutional Trading of Mueller Water Products

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Banque Cantonale Vaudoise boosted its position in Mueller Water Products by 43.7% during the first quarter. Banque Cantonale Vaudoise now owns 4,245 shares of the industrial products company’s stock worth $54,000 after purchasing an additional 1,291 shares during the period. Captrust Financial Advisors raised its stake in Mueller Water Products by 22.8% during the first quarter. Captrust Financial Advisors now owns 5,580 shares of the industrial products company’s stock worth $72,000 after acquiring an additional 1,036 shares in the last quarter. Kepos Capital LP acquired a new position in Mueller Water Products during the fourth quarter worth $78,000. Mackenzie Financial Corp acquired a new position in Mueller Water Products during the second quarter worth $127,000. Finally, Glenview Trust Co increased its stake in shares of Mueller Water Products by 39.0% in the first quarter. Glenview Trust Co now owns 14,343 shares of the industrial products company’s stock valued at $185,000 after buying an additional 4,027 shares in the last quarter. Institutional investors and hedge funds own 88.56% of the company’s stock.

About Mueller Water Products

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Mueller Water Products Inc manufactures and markets products and services used in the transmission, distribution, and measurement of water in North America and internationally. Its products and services are used by municipalities, and the residential and non-residential construction industries. It operates through two segments, Infrastructure and Technologies.

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