Mueller Water Products, Inc. (NYSE:MWA) Director Lydia W. Thomas sold 15,094 shares of the stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $11.97, for a total transaction of $180,675.18. Following the sale, the director now owns 102,020 shares in the company, valued at approximately $1,221,179.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of NYSE:MWA traded down $0.06 during trading hours on Friday, hitting $11.83. The stock had a trading volume of 36,424 shares, compared to its average volume of 699,433. The stock’s fifty day simple moving average is $11.42 and its 200 day simple moving average is $10.52. Mueller Water Products, Inc. has a 1-year low of $8.47 and a 1-year high of $12.26. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 19.37, a PEG ratio of 1.54 and a beta of 0.99. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.10 and a current ratio of 3.18.
Mueller Water Products (NYSE:MWA) last announced its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). Mueller Water Products had a net margin of 6.59% and a return on equity of 17.39%. The firm had revenue of $266.90 million during the quarter, compared to analyst estimates of $279.05 million. During the same quarter in the previous year, the business posted $0.17 EPS. Mueller Water Products’s revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, research analysts anticipate that Mueller Water Products, Inc. will post 0.65 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Friday, November 8th were paid a $0.052 dividend. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.21 annualized dividend and a dividend yield of 1.76%. Mueller Water Products’s payout ratio is currently 34.43%.
Large investors have recently made changes to their positions in the business. Resources Investment Advisors LLC. increased its stake in shares of Mueller Water Products by 224.2% in the second quarter. Resources Investment Advisors LLC. now owns 5,350 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 3,700 shares during the period. Point72 Hong Kong Ltd acquired a new stake in shares of Mueller Water Products in the second quarter valued at approximately $83,000. Paloma Partners Management Co acquired a new stake in shares of Mueller Water Products in the second quarter valued at approximately $103,000. Point72 Asset Management L.P. acquired a new stake in shares of Mueller Water Products in the third quarter valued at approximately $103,000. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Mueller Water Products in the third quarter valued at approximately $112,000. Institutional investors own 86.51% of the company’s stock.
Several equities research analysts recently weighed in on MWA shares. TheStreet upgraded shares of Mueller Water Products from a “c+” rating to a “b-” rating in a research note on Friday, September 13th. ValuEngine upgraded shares of Mueller Water Products from a “sell” rating to a “hold” rating in a research note on Friday, August 16th. Oppenheimer set a $13.00 price objective on shares of Mueller Water Products and gave the stock a “buy” rating in a research note on Thursday, September 26th. Finally, Zacks Investment Research lowered shares of Mueller Water Products from a “hold” rating to a “sell” rating in a research note on Friday, November 8th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $11.50.
Mueller Water Products Company Profile
Mueller Water Products, Inc manufactures and markets products and services for use in the transmission, distribution, and measurement of water in the United States, Canada, and internationally. It operates in two segments, Infrastructure and Technologies. The Infrastructure segment offers valves for water and gas systems, including butterfly, iron gate, tapping, check, knife, plug, automatic control, and ball valves; dry-barrel and wet-barrel fire hydrants; pipe repair products, such as clamps and couplings used to repair leaks under the Mueller and Jones brand names; and machines and tools for tapping, drilling, extracting, installing, and stopping-off.
Featured Article: What is diluted earnings per share (Diluted EPS)?
Receive News & Ratings for Mueller Water Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mueller Water Products and related companies with MarketBeat.com's FREE daily email newsletter.