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

Mueller Water Products (NYSE:MWAGet Free Report) Director Christine Ortiz sold 550 shares of the stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $23.93, for a total value of $13,161.50. Following the transaction, the director owned 30,274 shares in the company, valued at $724,456.82. This trade represents a 1.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $24.23, for a total transaction of $291,923.04.

Mueller Water Products Price Performance

NYSE MWA traded down $0.58 on Tuesday, hitting $23.56. The company had a trading volume of 896,516 shares, compared to its average volume of 1,172,864. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.64 and a quick ratio of 3.08. The company’s fifty day moving average price is $25.41 and its 200-day moving average price is $26.77. The company has a market capitalization of $3.68 billion, a PE ratio of 16.71, a PEG ratio of 1.07 and a beta of 1.03. Mueller Water Products has a 12-month low of $22.74 and a 12-month high of $31.00.

Mueller Water Products (NYSE:MWAGet Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.11. The business had revenue of $395.90 million for the quarter, compared to the consensus estimate of $391.49 million. Mueller Water Products had a net margin of 15.02% and a return on equity of 23.55%. The company’s revenue was up 4.1% compared to the same quarter last year. During the same period last year, the firm posted $0.34 earnings per share. As a group, analysts predict that Mueller Water Products will post 1.53 earnings per share for the current year.

Mueller Water Products Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Monday, August 10th were paid 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 dividend payout ratio (DPR) is currently 19.86%.

Institutional Trading of Mueller Water Products

Institutional investors have recently made changes to their positions in the company. State Street Corp grew its position in Mueller Water Products by 4.2% in the fourth quarter. State Street Corp now owns 6,165,849 shares of the industrial products company’s stock worth $146,871,000 after acquiring an additional 250,461 shares during the period. First Trust Advisors LP increased its stake in Mueller Water Products by 34.0% during the first quarter. First Trust Advisors LP now owns 6,036,679 shares of the industrial products company’s stock worth $165,948,000 after acquiring an additional 1,530,193 shares during the last quarter. California State Teachers Retirement System raised its position in Mueller Water Products by 2,335.3% in the second quarter. California State Teachers Retirement System now owns 4,542,541 shares of the industrial products company’s stock valued at $117,334,000 after purchasing an additional 4,356,012 shares during the period. Dimensional Fund Advisors LP raised its position in Mueller Water Products by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,613,397 shares of the industrial products company’s stock valued at $86,075,000 after purchasing an additional 22,056 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in shares of Mueller Water Products by 1.2% in the 4th quarter. Principal Financial Group Inc. now owns 3,262,684 shares of the industrial products company’s stock valued at $77,717,000 after purchasing an additional 37,148 shares during the last quarter. Hedge funds and other institutional investors own 91.68% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Barclays started coverage on Mueller Water Products in a research note on Tuesday, June 30th. They set an “underweight” rating and a $25.00 price objective for the company. Robert W. Baird set a $35.00 price target on Mueller Water Products in a research note on Friday, August 7th. Royal Bank Of Canada dropped their price target on Mueller Water Products from $31.00 to $30.00 and set a “sector perform” rating for the company in a research report on Friday, August 7th. Weiss Ratings raised Mueller Water Products from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $29.00 price objective on shares of Mueller Water Products in a report on Wednesday, May 6th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Mueller Water Products has an average rating of “Hold” and a consensus price target of $30.20.

Read Our Latest Stock Report on MWA

About Mueller Water Products

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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.

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

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