Insider Selling: Mueller Water Products (MWA) Chairman Sells $617,000.00 in Stock
Mueller Water Products (NYSE:MWA) Chairman Gregory E. Hyland sold 50,000 shares of Mueller Water Products stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $12.34, for a total value of $617,000.00. Following the completion of the transaction, the chairman now directly owns 979,481 shares of the company’s stock, valued at $12,086,795.54. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Shares of Mueller Water Products (MWA) traded down $0.14 on Friday, hitting $12.35. The stock had a trading volume of 898,075 shares, compared to its average volume of 1,060,000. The company has a quick ratio of 3.75, a current ratio of 4.73 and a debt-to-equity ratio of 0.97. The stock has a market cap of $1,950.00, a PE ratio of 29.05, a PEG ratio of 1.57 and a beta of 1.32. Mueller Water Products has a fifty-two week low of $10.84 and a fifty-two week high of $14.20.
Mueller Water Products (NYSE:MWA) last announced its quarterly earnings data on Wednesday, November 1st. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15. The business had revenue of $226.90 million during the quarter, compared to analysts’ expectations of $227.14 million. Mueller Water Products had a return on equity of 15.43% and a net margin of 14.93%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.17 EPS. research analysts forecast that Mueller Water Products will post 0.53 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Friday, November 10th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.30%. The ex-dividend date was Thursday, November 9th. Mueller Water Products’s payout ratio is 47.06%.
Several brokerages have recently issued reports on MWA. Robert W. Baird reiterated a “hold” rating and issued a $13.00 price objective on shares of Mueller Water Products in a research note on Friday, September 8th. Zacks Investment Research upgraded Mueller Water Products from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Cowen reiterated a “hold” rating and issued a $12.00 price objective on shares of Mueller Water Products in a research note on Thursday, September 21st. Boenning Scattergood reiterated a “buy” rating and issued a $14.00 price objective on shares of Mueller Water Products in a research note on Thursday, November 2nd. Finally, BidaskClub cut Mueller Water Products from a “buy” rating to a “hold” rating in a research note on Friday, August 25th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Mueller Water Products currently has a consensus rating of “Buy” and a consensus price target of $13.75.
A number of hedge funds have recently bought and sold shares of the stock. GSA Capital Partners LLP purchased a new stake in Mueller Water Products during the third quarter worth approximately $231,000. Belpointe Asset Management LLC purchased a new stake in Mueller Water Products during the third quarter worth approximately $131,000. California Public Employees Retirement System lifted its stake in Mueller Water Products by 3.1% during the third quarter. California Public Employees Retirement System now owns 455,848 shares of the industrial products company’s stock worth $5,835,000 after purchasing an additional 13,748 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its stake in Mueller Water Products by 167.3% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 22,927 shares of the industrial products company’s stock worth $294,000 after purchasing an additional 14,351 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in Mueller Water Products during the third quarter worth approximately $1,286,000. Hedge funds and other institutional investors own 84.02% of the company’s stock.
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About Mueller Water Products
Mueller Water Products, Inc is a manufacturer and marketer of products and services used in the transmission, distribution and measurement of water in North America. The Company operates through three segments: Mueller Co, Anvil and Mueller Technologies. The Mueller Co segment manufactures valves for water and gas systems, and dry-barrel and wet-barrel fire hydrants.
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