Insider Selling: Mueller Water Products (NYSE:MWA) SVP Sells $371,614.28 in Stock

Mueller Water Products (NYSE:MWA) SVP Todd Helms sold 15,094 shares of the firm’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $24.62, for a total transaction of $371,614.28. Following the transaction, the senior vice president directly owned 85,917 shares of the company’s stock, valued at approximately $2,115,276.54. This represents a 14.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Mueller Water Products Stock Performance

Shares of MWA stock opened at $24.58 on Monday. The stock has a market capitalization of $3.84 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 1.16 and a beta of 1.17. Mueller Water Products has a one year low of $21.35 and a one year high of $28.58. The company’s 50-day simple moving average is $24.84 and its 200-day simple moving average is $25.00. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.41 and a current ratio of 3.54.

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

Mueller Water Products Increases Dividend

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

Wall Street Analyst Weigh In

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

Institutional Trading of Mueller Water Products

Hedge funds have recently made changes to their positions in the stock. Swiss Life Asset Management Ltd grew its stake in Mueller Water Products by 0.6% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 432,348 shares of the industrial products company’s stock worth $11,034,000 after buying an additional 2,704 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new position in shares of Mueller Water Products during the third quarter valued at $425,000. Adalta Capital Management LLC grew its position in shares of Mueller Water Products by 40.3% during the third quarter. Adalta Capital Management LLC now owns 7,225 shares of the industrial products company’s stock worth $184,000 after acquiring an additional 2,075 shares during the last quarter. PDT Partners LLC grew its position in shares of Mueller Water Products by 464.8% during the third quarter. PDT Partners LLC now owns 103,693 shares of the industrial products company’s stock worth $2,646,000 after acquiring an additional 85,335 shares during the last quarter. Finally, PharVision Advisers LLC acquired a new stake in shares of Mueller Water Products in the 3rd quarter worth about $318,000. Institutional investors own 91.68% of the company’s stock.

Mueller Water Products Company Profile

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.