Mueller Water Products (MWA) CFO Sells $612,563.24 in Stock

Mueller Water Products (NYSE:MWA) CFO Evan Hart sold 49,883 shares of Mueller Water Products stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $12.28, for a total value of $612,563.24. Following the sale, the chief financial officer now owns 145,530 shares in the company, valued at approximately $1,787,108.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Evan Hart also recently made the following trade(s):

  • On Wednesday, November 29th, Evan Hart sold 100,000 shares of Mueller Water Products stock. The stock was sold at an average price of $12.47, for a total value of $1,247,000.00.
  • On Wednesday, November 8th, Evan Hart sold 50,000 shares of Mueller Water Products stock. The stock was sold at an average price of $12.10, for a total value of $605,000.00.
  • On Friday, November 3rd, Evan Hart sold 167,016 shares of Mueller Water Products stock. The stock was sold at an average price of $12.11, for a total value of $2,022,563.76.

Mueller Water Products (NYSE MWA) opened at $12.35 on Friday. The company has a current ratio of 4.73, a quick ratio of 3.75 and a debt-to-equity ratio of 0.97. Mueller Water Products has a twelve month low of $10.84 and a twelve month high of $14.20. The stock has a market capitalization of $1,937.83, a PE ratio of 28.51, a P/E/G ratio of 1.55 and a beta of 1.33.

Mueller Water Products (NYSE:MWA) last released its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.15. Mueller Water Products had a return on equity of 15.43% and a net margin of 14.93%. The firm had revenue of $226.90 million for the quarter, compared to analyst estimates of $227.14 million. During the same quarter last year, the company posted $0.17 earnings per share. The business’s revenue was up 5.2% on a year-over-year basis. analysts expect that Mueller Water Products will post 0.53 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Friday, November 10th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend was Thursday, November 9th. Mueller Water Products’s dividend payout ratio is presently 21.05%.

Institutional investors and hedge funds have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Mueller Water Products by 2.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 570,091 shares of the industrial products company’s stock valued at $6,659,000 after purchasing an additional 14,170 shares in the last quarter. Greenwood Capital Associates LLC boosted its holdings in Mueller Water Products by 10.3% in the 2nd quarter. Greenwood Capital Associates LLC now owns 20,896 shares of the industrial products company’s stock valued at $244,000 after purchasing an additional 1,959 shares in the last quarter. Chilton Investment Co. LLC boosted its holdings in Mueller Water Products by 1,814.8% in the 2nd quarter. Chilton Investment Co. LLC now owns 744,724 shares of the industrial products company’s stock valued at $8,698,000 after purchasing an additional 705,830 shares in the last quarter. Usca Ria LLC purchased a new stake in Mueller Water Products in the 2nd quarter valued at approximately $260,000. Finally, Oppenheimer Asset Management Inc. boosted its holdings in Mueller Water Products by 15.2% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 185,966 shares of the industrial products company’s stock valued at $2,172,000 after purchasing an additional 24,543 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

MWA has been the topic of a number of research reports. Boenning Scattergood reissued a “buy” rating and set a $14.00 price target on shares of Mueller Water Products in a report on Thursday, November 2nd. Royal Bank Of Canada reissued a “buy” rating and set a $14.00 price target on shares of Mueller Water Products in a report on Wednesday, October 11th. Robert W. Baird reissued a “hold” rating and set a $14.00 price target on shares of Mueller Water Products in a report on Friday, November 10th. BidaskClub lowered Mueller Water Products from a “buy” rating to a “hold” rating in a report on Friday, August 25th. Finally, Cowen reissued a “hold” rating and set a $12.00 price target on shares of Mueller Water Products in a report on Thursday, September 21st. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $13.75.

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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.

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

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