Gregg Sengstack Acquires 25,000 Shares of Mueller Water Products (NYSE:MWA) Stock

Mueller Water Products (NYSE:MWA) Director Gregg Sengstack acquired 25,000 shares of the stock in a transaction dated Wednesday, February 25th. The shares were bought at an average cost of $29.58 per share, with a total value of $739,500.00. Following the completion of the purchase, the director directly owned 25,000 shares in the company, valued at approximately $739,500. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Mueller Water Products Price Performance

Shares of Mueller Water Products stock opened at $29.91 on Friday. The business’s fifty day moving average price is $27.04 and its 200 day moving average price is $25.88. Mueller Water Products has a twelve month low of $22.01 and a twelve month high of $31.00. 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 stock has a market capitalization of $4.68 billion, a P/E ratio of 23.74, a PEG ratio of 1.38 and a beta of 1.17.

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

Mueller Water Products Dividend Announcement

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

Institutional Trading of Mueller Water Products

Several large investors have recently modified their holdings of MWA. Danske Bank A S lifted its stake in shares of Mueller Water Products by 266.7% in the fourth quarter. Danske Bank A S now owns 1,100 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 800 shares in the last quarter. Strive Financial Group LLC purchased a new stake in Mueller Water Products during the 4th quarter worth approximately $26,000. Covestor Ltd raised its position in shares of Mueller Water Products by 131.8% in the 3rd quarter. Covestor Ltd now owns 1,050 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 597 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Mueller Water Products by 47.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,323 shares of the industrial products company’s stock valued at $32,000 after buying an additional 423 shares during the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new position in shares of Mueller Water Products during the 4th quarter valued at approximately $34,000. 91.68% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Oppenheimer restated an “outperform” rating and set a $32.00 target price (up from $30.00) on shares of Mueller Water Products in a report on Monday, February 9th. Royal Bank Of Canada boosted their price objective on Mueller Water Products from $27.00 to $29.00 and gave the stock a “sector perform” rating in a research note on Friday, February 6th. Finally, Robert W. Baird set a $33.00 target price on Mueller Water Products in a report on Friday, February 6th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $31.33.

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.