Mueller Water Products (NYSE:MWA) Director Brian Healy Acquires 1,166 Shares

Mueller Water Products (NYSE:MWA) Director Brian Healy purchased 1,166 shares of the stock in a transaction on Friday, May 15th. The shares were purchased at an average price of $25.75 per share, with a total value of $30,024.50. Following the acquisition, the director owned 23,763 shares in the company, valued at approximately $611,897.25. The trade was a 5.16% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Mueller Water Products Stock Up 0.6%

Mueller Water Products stock opened at $25.65 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.92 and a current ratio of 4.57. Mueller Water Products has a 52-week low of $22.74 and a 52-week high of $31.00. The firm has a 50 day moving average price of $27.74 and a two-hundred day moving average price of $26.64. The firm has a market cap of $4.01 billion, a price-to-earnings ratio of 19.58, a PEG ratio of 1.16 and a beta of 1.08.

Mueller Water Products (NYSE:MWA) last released its quarterly earnings results on Tuesday, April 21st. The industrial products company reported $2.16 earnings per share (EPS) for the quarter. The firm had revenue of $1.19 billion during the quarter. Mueller Water Products had a net margin of 14.17% and a return on equity of 22.11%. Equities analysts predict that Mueller Water Products will post 1.47 EPS for the current year.

Mueller Water Products Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Monday, May 11th will be paid a $0.07 dividend. The ex-dividend date is Monday, May 11th. This represents a $0.28 annualized dividend and a dividend yield of 1.1%. Mueller Water Products’s payout ratio is currently 21.37%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MWA. Oppenheimer reiterated an “outperform” rating and issued a $32.00 price objective (up from $30.00) on shares of Mueller Water Products in a research note on Monday, February 9th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $29.00 price objective on shares of Mueller Water Products in a research note on Wednesday, May 6th. Royal Bank Of Canada lifted their price objective on shares of Mueller Water Products from $30.00 to $31.00 and gave the company a “sector perform” rating in a research note on Thursday, May 7th. Finally, Robert W. Baird set a $33.00 price objective on shares of Mueller Water Products in a research note on Friday, February 6th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $31.25.

Hedge Funds Weigh In On Mueller Water Products

A number of hedge funds have recently bought and sold shares of the company. Covestor Ltd raised its stake in shares of Mueller Water Products by 131.8% during the 3rd quarter. Covestor Ltd now owns 1,050 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 597 shares during the period. Strive Financial Group LLC purchased a new stake in Mueller Water Products during the fourth quarter worth about $26,000. Danske Bank A S increased its holdings in Mueller Water Products by 266.7% during the fourth quarter. Danske Bank A S now owns 1,100 shares of the industrial products company’s stock worth $26,000 after buying an additional 800 shares during the last quarter. Smartleaf Asset Management LLC raised its position in 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 period. Finally, Flagship Harbor Advisors LLC purchased a new position in Mueller Water Products in the fourth quarter valued at about $34,000. 91.68% of the stock is owned by hedge funds and other institutional investors.

Mueller Water Products Company Profile

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.