Mueller Water Products (NYSE:MWA) Director Brian Healy Purchases 1,183 Shares

Mueller Water Products (NYSE:MWA) Director Brian Healy acquired 1,183 shares of the firm’s stock in a transaction dated Tuesday, July 7th. The stock was bought at an average cost of $25.33 per share, with a total value of $29,965.39. Following the acquisition, the director owned 24,946 shares in the company, valued at approximately $631,882.18. This trade represents a 4.98% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Mueller Water Products Stock Down 1.3%

MWA opened at $24.76 on Thursday. The stock has a market capitalization of $3.87 billion, a price-to-earnings ratio of 18.90, a PEG ratio of 1.14 and a beta of 1.03. The company has a fifty day moving average of $25.83 and a two-hundred day moving average of $26.95. 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 fifty-two week low of $22.74 and a fifty-two week high of $31.00.

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

Mueller Water Products Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Monday, May 11th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.1%. The ex-dividend date was Monday, May 11th. Mueller Water Products’s dividend payout ratio (DPR) is presently 21.37%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Royal Bank of Canada boosted its holdings in shares of Mueller Water Products by 25.3% in 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 in the last quarter. AQR Capital Management LLC raised its position in Mueller Water Products by 87.2% during the first quarter. AQR Capital Management LLC now owns 122,472 shares of the industrial products company’s stock worth $3,113,000 after acquiring an additional 57,053 shares during the last quarter. Great Lakes Advisors LLC purchased a new stake in Mueller Water Products in the 1st quarter valued at approximately $205,000. United Services Automobile Association acquired a new stake in Mueller Water Products during the 1st quarter valued at $212,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Mueller Water Products by 10.9% during the first 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 worth $14,558,000 after buying an additional 56,404 shares in the last quarter. 91.68% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MWA has been the subject of several research analyst reports. Wall Street Zen lowered shares of Mueller Water Products from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Barclays assumed coverage on Mueller Water Products in a report on Tuesday, June 30th. They set an “underweight” rating and a $25.00 price target on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Mueller Water Products in a research note on Tuesday, May 19th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $29.00 target price on shares of Mueller Water Products in a report on Wednesday, May 6th. Finally, Royal Bank Of Canada raised their price target on 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. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $30.00.

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.