Mueller Water Products (MWA) CFO Sells $2,022,563.76 in Stock
Mueller Water Products (NYSE:MWA) CFO Evan Hart sold 167,016 shares of Mueller Water Products stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $12.11, for a total value of $2,022,563.76. Following the sale, the chief financial officer now owns 355,862 shares in the company, valued at approximately $4,309,488.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Mueller Water Products (NYSE MWA) traded up $0.18 during mid-day trading on Monday, reaching $12.22. The company had a trading volume of 1,540,000 shares, compared to its average volume of 848,703. The firm has a market cap of $1,940.00, a PE ratio of 28.00, a PEG ratio of 1.83 and a beta of 1.32. Mueller Water Products has a 1 year low of $10.45 and a 1 year high of $14.20. The company has a debt-to-equity ratio of 1.03, a current ratio of 5.90 and a quick ratio of 4.63.
Mueller Water Products (NYSE:MWA) last issued its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.15. The firm had revenue of $226.90 million for the quarter, compared to analysts’ expectations of $227.14 million. Mueller Water Products had a return on equity of 15.83% and a net margin of 14.93%. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.17 EPS. equities research analysts predict that Mueller Water Products will post 0.53 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Friday, November 10th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend is Thursday, November 9th. Mueller Water Products’s payout ratio is 47.06%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. increased its position in Mueller Water Products by 14,036.8% during the 1st quarter. BlackRock Inc. now owns 13,522,561 shares of the industrial products company’s stock worth $159,837,000 after purchasing an additional 13,426,906 shares during the period. Vanguard Group Inc. increased its position in Mueller Water Products by 8.8% during the 1st quarter. Vanguard Group Inc. now owns 12,650,343 shares of the industrial products company’s stock worth $149,528,000 after purchasing an additional 1,017,949 shares during the period. Earnest Partners LLC increased its position in Mueller Water Products by 18.2% during the 2nd quarter. Earnest Partners LLC now owns 8,136,500 shares of the industrial products company’s stock worth $95,034,000 after purchasing an additional 1,251,546 shares during the period. Franklin Resources Inc. increased its position in Mueller Water Products by 5.4% during the 2nd quarter. Franklin Resources Inc. now owns 7,646,300 shares of the industrial products company’s stock worth $89,308,000 after purchasing an additional 389,500 shares during the period. Finally, Gamco Investors INC. ET AL increased its position in Mueller Water Products by 0.4% during the 3rd quarter. Gamco Investors INC. ET AL now owns 6,782,227 shares of the industrial products company’s stock worth $86,813,000 after purchasing an additional 23,737 shares during the period. Institutional investors own 84.05% of the company’s stock.
A number of research firms have recently commented on MWA. Boenning Scattergood reiterated a “buy” rating and set a $14.00 target price on shares of Mueller Water Products in a research report on Thursday. Cowen and Company restated a “hold” rating and issued a $12.00 price target on shares of Mueller Water Products in a research report on Thursday, September 21st. BidaskClub upgraded Mueller Water Products from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Robert W. Baird restated a “hold” rating and issued a $13.00 price target on shares of Mueller Water Products in a research report on Friday, September 8th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $14.00 price target on shares of Mueller Water Products in a research report on Wednesday, October 11th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $13.75.
Mueller Water Products Company Profile
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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