Insider Buying: Mueller Water Products, Inc. (NYSE:MWA) Director Purchases 10,000 Shares of Stock

Mueller Water Products, Inc. (NYSE:MWAGet Free Report) Director Arsdell Stephen C. Van bought 10,000 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were bought at an average cost of $15.42 per share, for a total transaction of $154,200.00. Following the completion of the transaction, the director now directly owns 80,603 shares of the company’s stock, valued at $1,242,898.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Mueller Water Products Trading Up 0.6 %

Shares of MWA stock traded up $0.09 on Monday, reaching $15.47. 958,480 shares of the stock were exchanged, compared to its average volume of 1,057,917. The stock has a market cap of $2.42 billion, a PE ratio of 30.76, a P/E/G ratio of 1.87 and a beta of 1.34. Mueller Water Products, Inc. has a one year low of $12.11 and a one year high of $16.93. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.29 and a quick ratio of 1.89. The stock has a 50 day moving average price of $14.54 and a 200 day moving average price of $13.66.

Mueller Water Products (NYSE:MWAGet Free Report) last released its earnings results on Friday, February 9th. The industrial products company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.04. The company had revenue of $256.40 million during the quarter, compared to the consensus estimate of $250.64 million. Mueller Water Products had a return on equity of 13.86% and a net margin of 6.35%. The firm’s quarterly revenue was down 18.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.13 earnings per share. Equities research analysts forecast that Mueller Water Products, Inc. will post 0.69 EPS for the current fiscal year.

Mueller Water Products Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 20th. Stockholders of record on Friday, February 9th were given a dividend of $0.064 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.65%. Mueller Water Products’s payout ratio is currently 52.00%.

Analysts Set New Price Targets

MWA has been the topic of several recent research reports. Royal Bank of Canada lifted their price objective on Mueller Water Products from $14.00 to $15.00 and gave the stock a “sector perform” rating in a report on Monday, February 12th. The Goldman Sachs Group lifted their price objective on Mueller Water Products from $15.00 to $17.00 and gave the company a “neutral” rating in a research report on Tuesday, February 13th. Finally, StockNews.com upgraded Mueller Water Products from a “hold” rating to a “buy” rating in a research report on Friday, February 9th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Mueller Water Products presently has an average rating of “Hold” and a consensus price target of $17.00.

View Our Latest Report on MWA

Institutional Investors Weigh In On Mueller Water Products

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Comerica Bank bought a new stake in shares of Mueller Water Products in the second quarter valued at about $230,000. Pingora Partners LLC acquired a new position in shares of Mueller Water Products in the fourth quarter valued at approximately $29,000. Tower Research Capital LLC TRC grew its position in Mueller Water Products by 132.1% during the first quarter. Tower Research Capital LLC TRC now owns 3,291 shares of the industrial products company’s stock worth $46,000 after buying an additional 1,873 shares in the last quarter. Covestor Ltd boosted its holdings in shares of Mueller Water Products by 18,866.7% in the 2nd quarter. Covestor Ltd now owns 4,552 shares of the industrial products company’s stock valued at $74,000 after purchasing an additional 4,528 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in shares of Mueller Water Products by 1,340.0% in the 4th quarter. International Assets Investment Management LLC now owns 4,752 shares of the industrial products company’s stock valued at $68,000 after purchasing an additional 4,422 shares in the last quarter.

Mueller Water Products Company Profile

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Mueller Water Products, Inc manufactures and markets products and services for the transmission, distribution, and measurement of water used by municipalities, and the residential and non-residential construction industries in the United States, Israel, and internationally. It operates in two segments, Water Flow Solutions and Water Management Solutions.

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Insider Buying and Selling by Quarter for Mueller Water Products (NYSE:MWA)

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