Mueller Water Products (NYSE:MWA) Director Christine Ortiz Sells 550 Shares

Mueller Water Products (NYSE:MWA) Director Christine Ortiz sold 550 shares of the business’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $23.93, for a total transaction of $13,161.50. Following the completion of the sale, the director owned 30,274 shares in the company, valued at approximately $724,456.82. This trade represents a 1.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Christine Ortiz also recently made the following trade(s):

• On Monday, August 31st, Christine Ortiz sold 12,048 shares of Mueller Water Products stock. The stock was sold at an average price of $24.23, for a total transaction of $291,923.04.

Mueller Water Products Trading Down 2.4%

Shares of MWA traded down $0.58 during trading on Tuesday, reaching $23.56. 896,516 shares of the company traded hands, compared to its average volume of 1,172,864. Mueller Water Products has a twelve month low of $22.74 and a twelve month high of $31.00. The stock has a market cap of $3.68 billion, a PE ratio of 16.71, a price-to-earnings-growth ratio of 1.07 and a beta of 1.03. The stock has a 50-day simple moving average of $25.41 and a 200-day simple moving average of $26.77. The company has a quick ratio of 3.08, a current ratio of 4.64 and a debt-to-equity ratio of 0.40.

Mueller Water Products (NYSE:MWA) last released its quarterly earnings results on Wednesday, August 5th. The industrial products company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.11. Mueller Water Products had a net margin of 15.02% and a return on equity of 23.55%. The business had revenue of $395.90 million for the quarter, compared to the consensus estimate of $391.49 million. During the same period in the previous year, the firm earned $0.34 EPS. The business’s revenue was up 4.1% on a year-over-year basis. On average, analysts anticipate that Mueller Water Products will post 1.53 earnings per share for the current year.

Mueller Water Products Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Monday, August 10th were given a $0.07 dividend. The ex-dividend date of this dividend was Monday, August 10th. This represents a $0.28 dividend on an annualized basis and a yield of 1.2%. Mueller Water Products’s payout ratio is presently 19.86%.

Institutional Investors Weigh In On Mueller Water Products

Large investors have recently added to or reduced their stakes in the business. Maryland State Retirement & Pension System lifted its holdings in Mueller Water Products by 1.5% during the 4th quarter. Maryland State Retirement & Pension System now owns 22,808 shares of the industrial products company’s stock worth $543,000 after buying an additional 339 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Mueller Water Products by 10.4% in the second quarter. GAMMA Investing LLC now owns 4,487 shares of the industrial products company’s stock worth $116,000 after acquiring an additional 421 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Mueller Water Products by 47.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,323 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 423 shares in the last quarter. Wedbush Securities Inc. increased its position in shares of Mueller Water Products by 3.8% during the second quarter. Wedbush Securities Inc. now owns 12,308 shares of the industrial products company’s stock worth $318,000 after acquiring an additional 447 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its position in shares of Mueller Water Products by 44.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,517 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 469 shares during the period. 91.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on the company. Royal Bank Of Canada decreased their price target on Mueller Water Products from $31.00 to $30.00 and set a “sector perform” rating on the stock in a research note on Friday, August 7th. Wall Street Zen upgraded Mueller Water Products from a “hold” rating to a “buy” rating in a report on Monday, August 10th. Weiss Ratings upgraded Mueller Water Products from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. Robert W. Baird set a $35.00 target price on Mueller Water Products in a research note on Friday, August 7th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $29.00 target price on shares of Mueller Water Products in a report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Mueller Water Products presently has an average rating of “Hold” and an average target price of $30.20.

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.