Insider Selling: Mueller Water Products (NYSE:MWA) Director Sells $291,923.04 in Stock

Mueller Water Products (NYSE:MWA) Director Christine Ortiz sold 12,048 shares of the firm’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $24.23, for a total transaction of $291,923.04. Following the sale, the director owned 30,824 shares in the company, valued at approximately $746,865.52. The trade was a 28.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Christine Ortiz also recently made the following trade(s):

• On Tuesday, September 1st, Christine Ortiz sold 550 shares of Mueller Water Products stock. The stock was sold at an average price of $23.93, for a total transaction of $13,161.50.

Mueller Water Products Price Performance

MWA stock opened at $23.85 on Thursday. The stock has a 50-day moving average price of $25.32 and a two-hundred day moving average price of $26.69. The stock has a market cap of $3.72 billion, a PE ratio of 16.91, a price-to-earnings-growth ratio of 1.03 and a beta of 1.01. The company has a current ratio of 4.64, a quick ratio of 3.08 and a debt-to-equity ratio of 0.40. Mueller Water Products has a 1 year low of $22.74 and a 1 year high of $31.00.

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

Mueller Water Products Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Monday, August 10th were paid a $0.07 dividend. The ex-dividend date was Monday, August 10th. This represents a $0.28 annualized dividend and a yield of 1.2%. Mueller Water Products’s payout ratio is presently 19.86%.

Institutional Trading of Mueller Water Products

Several institutional investors and hedge funds have recently added to or reduced their stakes in MWA. Royal Bank of Canada grew its position in shares of Mueller Water Products by 25.3% in the 1st 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 during the period. AQR Capital Management LLC boosted its stake in shares of Mueller Water Products by 87.2% during the 1st 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 period. Great Lakes Advisors LLC acquired a new position in shares of Mueller Water Products during the 1st quarter worth approximately $205,000. United Services Automobile Association acquired a new position in shares of Mueller Water Products during the 1st quarter worth approximately $212,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Mueller Water Products by 10.9% in the 1st 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 acquiring an additional 56,404 shares during the period. 91.68% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MWA. Robert W. Baird set a $35.00 price target on shares of Mueller Water Products in a research note on Friday, August 7th. Weiss Ratings raised shares of Mueller Water Products from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. Wall Street Zen upgraded shares of Mueller Water Products from a “hold” rating to a “buy” rating in a report on Monday, August 10th. Barclays began coverage on shares of Mueller Water Products in a research note on Tuesday, June 30th. They issued an “underweight” rating and a $25.00 price target on the stock. Finally, Royal Bank Of Canada reduced their price objective on shares of Mueller Water Products from $31.00 to $30.00 and set a “sector perform” rating for the company in a research note on Friday, August 7th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Mueller Water Products has an average 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.