Mueller Water Products (NYSE:MWA) Director Purchases $739,500.00 in Stock

Mueller Water Products (NYSE:MWA) Director Gregg Sengstack purchased 25,000 shares of the stock in a transaction that occurred on Wednesday, February 25th. The shares were purchased at an average price of $29.58 per share, with a total value of $739,500.00. Following the completion of the acquisition, the director directly owned 25,000 shares in the company, valued at $739,500. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Mueller Water Products Stock Performance

Shares of NYSE:MWA opened at $29.91 on Friday. The company has a current ratio of 4.02, a quick ratio of 2.55 and a debt-to-equity ratio of 0.44. The company has a 50-day moving average price of $27.04 and a 200-day moving average price of $25.87. The company has a market cap of $4.68 billion, a price-to-earnings ratio of 23.74, a price-to-earnings-growth ratio of 1.37 and a beta of 1.17. Mueller Water Products has a 12 month low of $22.01 and a 12 month high of $31.00.

Mueller Water Products (NYSE:MWA) last posted its earnings results on Wednesday, February 4th. The industrial products company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.02. The company had revenue of $318.20 million for the quarter, compared to analysts’ expectations of $315.26 million. Mueller Water Products had a return on equity of 22.34% and a net margin of 13.83%.Mueller Water Products’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the firm earned $0.25 earnings per share. As a group, equities analysts anticipate that Mueller Water Products will post 1.24 EPS for the current year.

Mueller Water Products Announces Dividend

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

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Mueller Water Products

Several large investors have recently made changes to their positions in MWA. Danske Bank A S boosted its position in shares of Mueller Water Products by 266.7% in the 4th quarter. Danske Bank A S now owns 1,100 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 800 shares in the last quarter. Strive Financial Group LLC bought a new stake in Mueller Water Products in the fourth quarter worth $26,000. Covestor Ltd boosted its holdings in Mueller Water Products by 131.8% in the third quarter. Covestor Ltd now owns 1,050 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 597 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Mueller Water Products by 47.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,323 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 423 shares during the last quarter. Finally, Flagship Harbor Advisors LLC bought a new position in shares of Mueller Water Products during the fourth quarter valued at $34,000. 91.68% of the stock is currently owned by hedge funds and other 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.