Gregory E. Hyland Sells 50,000 Shares of Mueller Water Products (MWA) Stock
Mueller Water Products (NYSE:MWA) Chairman Gregory E. Hyland sold 50,000 shares of the company’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $12.34, for a total value of $617,000.00. Following the completion of the transaction, the chairman now directly owns 979,481 shares of the company’s stock, valued at approximately $12,086,795.54. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Mueller Water Products (NYSE MWA) traded down $0.14 on Friday, reaching $12.35. 898,075 shares of the company’s stock were exchanged, compared to its average volume of 1,060,000. The company has a debt-to-equity ratio of 0.97, a quick ratio of 3.75 and a current ratio of 4.73. The stock has a market cap of $1,950.00, a price-to-earnings ratio of 29.05, a PEG ratio of 1.57 and a beta of 1.32. Mueller Water Products has a 1-year low of $10.84 and a 1-year high of $14.20.
Mueller Water Products (NYSE:MWA) last issued its earnings results on Wednesday, November 1st. The industrial products company reported $0.15 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.15. The business had revenue of $226.90 million for the quarter, compared to analyst estimates of $227.14 million. Mueller Water Products had a net margin of 14.93% and a return on equity of 15.43%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period last year, the company posted $0.17 earnings per share. research analysts expect that Mueller Water Products will post 0.53 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Friday, November 10th were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.30%. The ex-dividend date was Thursday, November 9th. Mueller Water Products’s payout ratio is 47.06%.
A number of hedge funds have recently modified their holdings of MWA. Teacher Retirement System of Texas boosted its stake in Mueller Water Products by 1.5% in the second quarter. Teacher Retirement System of Texas now owns 13,074 shares of the industrial products company’s stock valued at $153,000 after acquiring an additional 191 shares in the last quarter. Ameritas Investment Partners Inc. lifted its position in Mueller Water Products by 2.0% during the second quarter. Ameritas Investment Partners Inc. now owns 13,730 shares of the industrial products company’s stock valued at $160,000 after purchasing an additional 266 shares during the period. Oppenheimer & Co. Inc. lifted its position in Mueller Water Products by 1.9% during the second quarter. Oppenheimer & Co. Inc. now owns 23,277 shares of the industrial products company’s stock valued at $272,000 after purchasing an additional 424 shares during the period. Amalgamated Bank increased its holdings in Mueller Water Products by 2.6% in the second quarter. Amalgamated Bank now owns 19,603 shares of the industrial products company’s stock valued at $229,000 after buying an additional 500 shares in the last quarter. Finally, Guyasuta Investment Advisors Inc. increased its holdings in Mueller Water Products by 1.3% in the second quarter. Guyasuta Investment Advisors Inc. now owns 74,256 shares of the industrial products company’s stock valued at $867,000 after buying an additional 940 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors.
MWA has been the subject of several recent research reports. Zacks Investment Research raised Mueller Water Products from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. BidaskClub lowered Mueller Water Products from a “buy” rating to a “hold” rating in a research report on Friday, August 25th. Boenning Scattergood raised Mueller Water Products from a “neutral” rating to an “outperform” rating and set a $14.00 price target for the company in a research report on Tuesday, September 5th. Robert W. Baird reissued a “hold” rating and issued a $13.00 target price on shares of Mueller Water Products in a research report on Friday, September 8th. Finally, Cowen reaffirmed a “hold” rating and issued a $12.00 price target on shares of Mueller Water Products in a report on Thursday, September 21st. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $13.75.
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About Mueller Water Products
Mueller Water Products, Inc is a manufacturer and marketer of products and services used in the transmission, distribution and measurement of water in North America. The Company operates through three segments: Mueller Co, Anvil and Mueller Technologies. The Mueller Co segment manufactures valves for water and gas systems, and dry-barrel and wet-barrel fire hydrants.
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