MUELLER WATER PRODUCTS (NYSE:MWA) Director Shirley C. Franklin sold 9,156 shares of MUELLER WATER PRODUCTS stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $11.40, for a total transaction of $104,378.40. Following the transaction, the director now directly owns 39,157 shares of the company’s stock, valued at approximately $446,389.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of MUELLER WATER PRODUCTS (NYSE:MWA) traded up 0.17% on Wednesday, hitting $11.47. 808,997 shares of the stock were exchanged. The company has a market cap of $1.83 billion, a PE ratio of 15.48 and a beta of 1.34. MUELLER WATER PRODUCTS has a 12 month low of $10.45 and a 12 month high of $14.20. The company has a 50-day moving average price of $11.33 and a 200 day moving average price of $12.40.

MUELLER WATER PRODUCTS (NYSE:MWA) last released its quarterly earnings data on Thursday, April 27th. The industrial products company reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. The firm had revenue of $199.70 million during the quarter, compared to the consensus estimate of $206 million. MUELLER WATER PRODUCTS had a return on equity of 18.45% and a net margin of 12.45%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.10 earnings per share. Equities analysts forecast that MUELLER WATER PRODUCTS will post $0.45 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 22nd. Investors of record on Wednesday, May 10th were issued a $0.04 dividend. The ex-dividend date was Monday, May 8th. This represents a $0.16 annualized dividend and a dividend yield of 1.39%. MUELLER WATER PRODUCTS’s payout ratio is currently 21.62%.

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MWA has been the subject of a number of research reports. Goldman Sachs Group, Inc. (The) initiated coverage on shares of MUELLER WATER PRODUCTS in a report on Wednesday, March 8th. They issued a “buy” rating and a $15.00 price target for the company. Zacks Investment Research upgraded shares of MUELLER WATER PRODUCTS from a “sell” rating to a “hold” rating in a report on Tuesday, March 14th. Royal Bank Of Canada restated a “buy” rating and issued a $15.00 price target on shares of MUELLER WATER PRODUCTS in a report on Tuesday, March 14th. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $15.00 price target on shares of MUELLER WATER PRODUCTS in a report on Thursday, March 23rd. Finally, Nomura initiated coverage on shares of MUELLER WATER PRODUCTS in a report on Wednesday, April 12th. They issued a “buy” rating and a $15.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $13.71.

Several hedge funds have recently added to or reduced their stakes in MWA. BlackRock Inc. increased its stake in MUELLER WATER PRODUCTS by 14,036.8% in the first quarter. BlackRock Inc. now owns 13,522,561 shares of the industrial products company’s stock valued at $159,837,000 after buying an additional 13,426,906 shares during the last quarter. Vanguard Group Inc. increased its stake in MUELLER WATER PRODUCTS by 8.8% in the first quarter. Vanguard Group Inc. now owns 12,650,343 shares of the industrial products company’s stock valued at $149,528,000 after buying an additional 1,017,949 shares during the last quarter. Franklin Resources Inc. increased its stake in MUELLER WATER PRODUCTS by 41.0% in the fourth quarter. Franklin Resources Inc. now owns 6,044,820 shares of the industrial products company’s stock valued at $80,457,000 after buying an additional 1,759,100 shares during the last quarter. Gamco Investors INC. ET AL increased its stake in MUELLER WATER PRODUCTS by 273.5% in the first quarter. Gamco Investors INC. ET AL now owns 5,103,980 shares of the industrial products company’s stock valued at $60,329,000 after buying an additional 3,737,574 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC increased its stake in MUELLER WATER PRODUCTS by 11.0% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 3,986,307 shares of the industrial products company’s stock valued at $53,058,000 after buying an additional 396,140 shares during the last quarter. Hedge funds and other institutional investors own 87.35% of the company’s stock.

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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