Paul Mcandrew Sells 40,000 Shares of Mueller Water Products (NYSE:MWA) Stock

Mueller Water Products (NYSE:MWA) CEO Paul Mcandrew sold 40,000 shares of the business’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $26.39, for a total transaction of $1,055,600.00. Following the transaction, the chief executive officer owned 42,556 shares in the company, valued at $1,123,052.84. The trade was a 48.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Mueller Water Products Trading Up 0.6%

NYSE:MWA opened at $26.22 on Wednesday. Mueller Water Products has a 12 month low of $22.74 and a 12 month high of $31.00. The company has a current ratio of 4.64, a quick ratio of 3.08 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of 18.60, a PEG ratio of 1.14 and a beta of 1.03. The firm has a fifty day simple moving average of $25.58 and a two-hundred day simple moving average of $27.03.

Mueller Water Products (NYSE:MWA) last announced its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.11. The firm had revenue of $395.90 million for the quarter, compared to analyst estimates of $391.49 million. Mueller Water Products had a net margin of 15.02% and a return on equity of 23.55%. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.34 earnings per share. Analysts expect that Mueller Water Products will post 1.53 EPS for the current fiscal year.

Mueller Water Products Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Monday, August 10th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Monday, August 10th. Mueller Water Products’s dividend payout ratio is 19.86%.

Hedge Funds Weigh In On Mueller Water Products

Several large investors have recently added to or reduced their stakes in MWA. Royal Bank of Canada increased its holdings in Mueller Water Products by 25.3% during the 1st quarter. Royal Bank of Canada now owns 153,043 shares of the industrial products company’s stock worth $3,890,000 after purchasing an additional 30,862 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Mueller Water Products by 87.2% in the first quarter. AQR Capital Management LLC now owns 122,472 shares of the industrial products company’s stock valued at $3,113,000 after purchasing an additional 57,053 shares in the last quarter. Great Lakes Advisors LLC bought a new position in shares of Mueller Water Products in the first quarter valued at approximately $205,000. United Services Automobile Association purchased a new position in shares of Mueller Water Products during the first quarter valued at approximately $212,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of 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 valued at $14,558,000 after buying an additional 56,404 shares during the last quarter. Institutional investors own 91.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on MWA shares. Wall Street Zen upgraded Mueller Water Products from a “hold” rating to a “buy” rating in a report on Monday. Royal Bank Of Canada decreased their price objective on Mueller Water Products from $31.00 to $30.00 and set a “sector perform” rating for the company in a report on Friday. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $29.00 target price on shares of Mueller Water Products in a research report on Wednesday, May 6th. Barclays began coverage on Mueller Water Products in a report on Tuesday, June 30th. They issued an “underweight” rating and a $25.00 target price on the stock. Finally, Robert W. Baird set a $35.00 price target on shares of Mueller Water Products in a research report on Friday. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $30.20.

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.