Mueller Water Products (NYSE:MWA) Director Buys $27,461.25 in Stock

Mueller Water Products (NYSE:MWA) Director Brian Healy purchased 1,125 shares of the firm’s stock in a transaction that occurred on Wednesday, January 7th. The stock was acquired at an average price of $24.41 per share, for a total transaction of $27,461.25. Following the completion of the purchase, the director directly owned 17,925 shares of the company’s stock, valued at $437,549.25. This represents a 6.70% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

Mueller Water Products Stock Performance

NYSE MWA traded up $0.76 during trading on Thursday, reaching $25.01. The company’s stock had a trading volume of 1,104,446 shares, compared to its average volume of 907,174. The firm has a 50 day moving average price of $24.38 and a 200 day moving average price of $25.06. Mueller Water Products has a 12 month low of $21.35 and a 12 month high of $28.58. The firm has a market capitalization of $3.91 billion, a price-to-earnings ratio of 20.67, a price-to-earnings-growth ratio of 1.17 and a beta of 1.18. The company has a current ratio of 3.54, a quick ratio of 2.41 and a debt-to-equity ratio of 0.46.

Mueller Water Products (NYSE:MWA) last released its quarterly earnings results on Thursday, February 24th. The industrial products company reported $0.11 earnings per share for the quarter. The company had revenue of $237.40 million during the quarter. Mueller Water Products had a net margin of 13.41% and a return on equity of 22.75%. As a group, equities analysts anticipate that Mueller Water Products will post 1.24 EPS for the current fiscal year.

Mueller Water Products Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Monday, November 10th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.1%. This is a boost from Mueller Water Products’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Monday, November 10th. Mueller Water Products’s payout ratio is presently 23.14%.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Mueller Water Products in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $29.00.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Assenagon Asset Management S.A. grew its holdings in Mueller Water Products by 525.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,393,293 shares of the industrial products company’s stock worth $35,557,000 after acquiring an additional 1,170,683 shares during the period. Intech Investment Management LLC boosted its position in shares of Mueller Water Products by 27.2% during the 1st quarter. Intech Investment Management LLC now owns 100,344 shares of the industrial products company’s stock valued at $2,551,000 after purchasing an additional 21,434 shares in the last quarter. Triodos Investment Management BV boosted its position in shares of Mueller Water Products by 2.6% during the 2nd quarter. Triodos Investment Management BV now owns 1,080,000 shares of the industrial products company’s stock valued at $25,963,000 after purchasing an additional 27,500 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Mueller Water Products by 8.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 282,878 shares of the industrial products company’s stock worth $6,800,000 after purchasing an additional 22,718 shares during the period. Finally, Duff & Phelps Investment Management Co. increased its holdings in Mueller Water Products by 20.7% in the second quarter. Duff & Phelps Investment Management Co. now owns 500,405 shares of the industrial products company’s stock worth $12,030,000 after purchasing an additional 85,785 shares in the last quarter. 91.68% of the stock is currently owned by institutional investors.

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.