Mueller Water Products (NYSE:MWA) CFO Evan Hart sold 100,000 shares of the business’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $12.47, for a total value of $1,247,000.00. Following the completion of the sale, the chief financial officer now owns 275,058 shares in the company, valued at approximately $3,429,973.26. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Evan Hart also recently made the following trade(s):
- On Tuesday, December 5th, Evan Hart sold 49,883 shares of Mueller Water Products stock. The stock was sold at an average price of $12.28, for a total value of $612,563.24.
- 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.
Shares of Mueller Water Products (NYSE MWA) traded up $0.10 during midday trading on Monday, hitting $12.35. The company had a trading volume of 895,500 shares, compared to its average volume of 1,236,915. The firm has a market cap of $1,952.06, a PE ratio of 28.72, a PEG ratio of 1.56 and a beta of 1.33. 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 1 year low of $10.84 and a 1 year high of $14.20.
Mueller Water Products (NYSE:MWA) last announced its earnings results on Wednesday, November 1st. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $227.14 million. During the same period in the prior year, the firm earned $0.17 EPS. The business’s revenue was up 5.2% on a year-over-year basis. research analysts forecast that Mueller Water Products will post 0.53 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Friday, November 10th were given a dividend of $0.04 per share. The ex-dividend date was Thursday, November 9th. This represents a $0.16 dividend on an annualized basis and a yield of 1.30%. Mueller Water Products’s payout ratio is 21.05%.
Institutional investors have recently bought and sold shares of the business. Belpointe Asset Management LLC acquired a new stake in Mueller Water Products during the 3rd quarter worth approximately $131,000. Colony Group LLC acquired a new stake in Mueller Water Products during the 2nd quarter worth approximately $135,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in Mueller Water Products during the 2nd quarter worth approximately $140,000. Teacher Retirement System of Texas lifted its position in Mueller Water Products by 1.5% during the 2nd quarter. Teacher Retirement System of Texas now owns 13,074 shares of the industrial products company’s stock worth $153,000 after acquiring an additional 191 shares during the period. Finally, Boothbay Fund Management LLC acquired a new stake in Mueller Water Products during the 3rd quarter worth approximately $158,000. 84.31% of the stock is owned by institutional investors.
Several equities research analysts have weighed in on MWA shares. Boenning Scattergood restated 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 reiterated a “buy” rating and issued a $14.00 price objective on shares of Mueller Water Products in a report on Wednesday, October 11th. Robert W. Baird reiterated a “hold” rating and issued a $14.00 price objective on shares of Mueller Water Products in a report on Friday, November 10th. BidaskClub downgraded Mueller Water Products from a “buy” rating to a “hold” rating in a report on Friday, August 25th. Finally, Cowen reiterated a “hold” rating and issued a $12.00 price objective on shares of Mueller Water Products in a report on Thursday, September 21st. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $13.75.
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About Mueller Water Products
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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