Insider Selling: Mueller Water Products, Inc. (NYSE:MWA) Director Sells $173,558.52 in Stock

Mueller Water Products, Inc. (NYSE:MWA) Director Michael T. Tokarz sold 13,269 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $13.08, for a total transaction of $173,558.52. Following the transaction, the director now directly owns 392,502 shares of the company’s stock, valued at approximately $5,133,926.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Mueller Water Products Stock Down 0.5 %

Shares of Mueller Water Products stock opened at $12.94 on Monday. Mueller Water Products, Inc. has a twelve month low of $9.90 and a twelve month high of $16.62. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of 26.41, a price-to-earnings-growth ratio of 1.97 and a beta of 1.34. The company has a current ratio of 3.46, a quick ratio of 1.89 and a debt-to-equity ratio of 0.63. The company has a fifty day moving average price of $14.62 and a 200 day moving average price of $14.29.

Mueller Water Products (NYSE:MWA) last issued its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). Mueller Water Products had a return on equity of 12.22% and a net margin of 5.77%. The company had revenue of $326.60 million for the quarter, compared to analyst estimates of $351.74 million. During the same quarter in the prior year, the firm earned $0.19 EPS. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. Equities research analysts forecast that Mueller Water Products, Inc. will post 0.55 earnings per share for the current fiscal year.

Mueller Water Products Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 21st. Shareholders of record on Thursday, August 10th were issued a $0.061 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date was Wednesday, August 9th. Mueller Water Products’s dividend payout ratio is presently 48.98%.

Institutional Trading of Mueller Water Products

A number of hedge funds have recently made changes to their positions in MWA. Banque Cantonale Vaudoise increased its stake in Mueller Water Products by 480.6% during the 4th quarter. Banque Cantonale Vaudoise now owns 4,035 shares of the industrial products company’s stock worth $43,000 after buying an additional 3,340 shares during the period. Bessemer Group Inc. increased its position in shares of Mueller Water Products by 409.9% during the first quarter. Bessemer Group Inc. now owns 3,156 shares of the industrial products company’s stock worth $44,000 after acquiring an additional 2,537 shares during the last quarter. Ridgewood Investments LLC acquired a new position in shares of Mueller Water Products in the first quarter worth about $45,000. Tower Research Capital LLC TRC boosted its holdings in Mueller Water Products by 132.1% in the first quarter. Tower Research Capital LLC TRC now owns 3,291 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 1,873 shares during the last quarter. Finally, Global Retirement Partners LLC acquired a new stake in Mueller Water Products during the 1st quarter valued at approximately $53,000.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Northcoast Research cut shares of Mueller Water Products from a “buy” rating to a “neutral” rating in a research note on Friday, August 4th. StockNews.com downgraded Mueller Water Products from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $13.67.

About Mueller Water Products

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. The company operates in two segments, Water Flow Solutions and Water Management Solutions.