Brian C. Healy Purchases 1,085 Shares of Mueller Water Products, Inc. (NYSE:MWA) Stock

Mueller Water Products, Inc. (NYSE:MWA) Director Brian C. Healy acquired 1,085 shares of the firm’s stock in a transaction dated Friday, May 16th. The shares were purchased at an average cost of $25.32 per share, for a total transaction of $27,472.20. Following the acquisition, the director now directly owns 14,620 shares in the company, valued at $370,178.40. This represents a 8.02% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Mueller Water Products Price Performance

Mueller Water Products stock opened at $25.64 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.83. The firm has a market cap of $4.02 billion, a P/E ratio of 29.81, a P/E/G ratio of 1.43 and a beta of 1.24. The business’s fifty day moving average is $25.62 and its two-hundred day moving average is $24.77. Mueller Water Products, Inc. has a 52 week low of $17.09 and a 52 week high of $28.58.

Mueller Water Products (NYSE:MWA) last posted its quarterly earnings data on Monday, May 5th. The industrial products company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. The company had revenue of $364.30 million for the quarter, compared to analyst estimates of $352.30 million. Mueller Water Products had a return on equity of 21.18% and a net margin of 10.05%. The business’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.30 earnings per share. Equities research analysts forecast that Mueller Water Products, Inc. will post 1.24 earnings per share for the current fiscal year.

Mueller Water Products Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Monday, May 12th will be paid a $0.067 dividend. This represents a $0.27 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend is Monday, May 12th. Mueller Water Products’s dividend payout ratio is currently 28.57%.

Analysts Set New Price Targets

MWA has been the topic of several recent analyst reports. Royal Bank of Canada boosted their price target on Mueller Water Products from $25.00 to $29.00 and gave the company a “sector perform” rating in a research note on Thursday, February 6th. StockNews.com lowered Mueller Water Products from a “buy” rating to a “hold” rating in a research note on Thursday, April 3rd. Finally, The Goldman Sachs Group boosted their price target on Mueller Water Products from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Thursday, February 6th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $26.25.

Hedge Funds Weigh In On Mueller Water Products

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Optiver Holding B.V. bought a new stake in shares of Mueller Water Products during the fourth quarter worth $29,000. Tower Research Capital LLC TRC raised its position in shares of Mueller Water Products by 171.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,761 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 1,113 shares during the last quarter. Byrne Asset Management LLC raised its position in shares of Mueller Water Products by 73.1% during the first quarter. Byrne Asset Management LLC now owns 1,558 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 658 shares during the last quarter. Olde Wealth Management LLC bought a new stake in shares of Mueller Water Products during the first quarter worth $42,000. Finally, Nisa Investment Advisors LLC raised its position in shares of Mueller Water Products by 184.6% during the first quarter. Nisa Investment Advisors LLC now owns 1,702 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 1,104 shares during the last quarter. Institutional investors and hedge funds own 91.68% of the company’s stock.

Mueller Water Products Company Profile

Mueller Water Products, Inc manufactures and markets products and services for the transmission, distribution, and measurement of water used by municipalities, and the residential and non-residential construction industries in the United States, Israel, and internationally. It operates in two segments, Water Flow Solutions and Water Management Solutions.