Insider Selling: Mueller Water Products (NYSE:MWA) SVP Sells $318,598.40 in Stock

Mueller Water Products (NYSE:MWA) SVP Todd Helms sold 10,720 shares of the company’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $29.72, for a total value of $318,598.40. Following the sale, the senior vice president owned 75,197 shares of the company’s stock, valued at approximately $2,234,854.84. The trade was a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Mueller Water Products Trading Up 0.6%

MWA opened at $29.96 on Monday. The stock has a market capitalization of $4.68 billion, a price-to-earnings ratio of 23.77, a P/E/G ratio of 1.37 and a beta of 1.17. The company has a quick ratio of 2.55, a current ratio of 4.02 and a debt-to-equity ratio of 0.44. Mueller Water Products has a twelve month low of $22.01 and a twelve month high of $30.47. The company has a 50-day simple moving average of $26.53 and a 200 day simple moving average of $25.73.

Mueller Water Products (NYSE:MWA) last released its earnings results on Wednesday, February 4th. The industrial products company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.27 by $0.02. Mueller Water Products had a net margin of 13.83% and a return on equity of 22.34%. The firm had revenue of $318.20 million for the quarter, compared to analyst estimates of $315.26 million. During the same period last year, the firm earned $0.25 EPS. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. Analysts predict that Mueller Water Products will post 1.24 EPS for the current fiscal year.

Mueller Water Products Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Tuesday, February 10th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Tuesday, February 10th. Mueller Water Products’s dividend payout ratio (DPR) is currently 22.22%.

Wall Street Analyst Weigh In

MWA has been the subject of several recent analyst reports. Oppenheimer restated an “outperform” rating and set a $32.00 price objective (up from $30.00) on shares of Mueller Water Products in a research report on Monday, February 9th. Robert W. Baird set a $33.00 target price on Mueller Water Products in a research note on Friday, February 6th. Finally, Royal Bank Of Canada raised their price target on shares of Mueller Water Products from $27.00 to $29.00 and gave the company a “sector perform” rating in a research note on Friday, February 6th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $31.33.

Institutional Investors Weigh In On Mueller Water Products

A number of institutional investors have recently added to or reduced their stakes in MWA. Royal Bank of Canada raised its stake in shares of Mueller Water Products by 25.3% during the first quarter. Royal Bank of Canada now owns 153,043 shares of the industrial products company’s stock valued at $3,890,000 after acquiring an additional 30,862 shares during the last quarter. AQR Capital Management LLC raised its position in Mueller Water Products by 87.2% during the 1st quarter. AQR Capital Management LLC now owns 122,472 shares of the industrial products company’s stock worth $3,113,000 after purchasing an additional 57,053 shares during the last quarter. Great Lakes Advisors LLC acquired a new position in Mueller Water Products during the 1st quarter worth about $205,000. United Services Automobile Association acquired a new position in Mueller Water Products during the 1st quarter worth about $212,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Mueller Water Products by 10.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 572,686 shares of the industrial products company’s stock valued at $14,558,000 after buying an additional 56,404 shares during the last quarter. 91.68% of the stock is owned by institutional investors.

About Mueller Water Products

Mueller Water Products, Inc is a leading provider of water infrastructure and flow control products and services designed to help water utilities and municipalities manage, control and measure their water distribution systems. The company’s portfolio includes a comprehensive range of products such as fire hydrants, valves, pipe repair systems, fittings and couplings, along with advanced metering and monitoring solutions. By combining traditional mechanical components with digital technologies, Mueller Water Products addresses the critical need for reliable and sustainable water distribution across North America.

The company’s operations are organized around two primary business segments.