Evan Hart Sells 100,000 Shares of Mueller Water Products (MWA) Stock

Mueller Water Products (NYSE:MWA) CFO Evan Hart sold 100,000 shares of Mueller Water Products stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $12.47, for a total value of $1,247,000.00. Following the completion of the transaction, the chief financial officer now owns 275,058 shares of the company’s stock, valued at approximately $3,429,973.26. The sale was disclosed in a document filed with the SEC, which is available at this link.

Evan Hart also recently made the following trade(s):

  • 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 $0.01 during midday trading on Thursday, hitting $12.49. The company had a trading volume of 862,630 shares, compared to its average volume of 1,243,824. The company has a market cap of $1,961.54, a P/E ratio of 28.86, a price-to-earnings-growth ratio of 1.56 and a beta of 1.32. Mueller Water Products has a 1-year low of $10.84 and a 1-year high of $14.20. 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 (NYSE:MWA) last announced its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.15. The business had revenue of $226.90 million for the quarter, compared to the consensus estimate of $227.14 million. Mueller Water Products had a return on equity of 15.43% and a net margin of 14.93%. The business’s revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the business posted $0.17 EPS. equities research analysts forecast that Mueller Water Products will post 0.53 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Friday, November 10th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.28%. The ex-dividend date was Thursday, November 9th. Mueller Water Products’s dividend payout ratio (DPR) is 21.05%.

MWA has been the subject of several research reports. Boenning Scattergood reiterated a “buy” rating and issued a $14.00 target price on shares of Mueller Water Products in a research report on Thursday, November 2nd. Royal Bank Of Canada reiterated a “buy” rating and issued a $14.00 target price on shares of Mueller Water Products in a research report on Wednesday, October 11th. BidaskClub upgraded Mueller Water Products from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Robert W. Baird reiterated a “hold” rating and issued a $14.00 target price on shares of Mueller Water Products in a research report on Friday, November 10th. Finally, Zacks Investment Research upgraded Mueller Water Products from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $13.75.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Teacher Retirement System of Texas lifted its holdings in shares of Mueller Water Products by 1.5% in the 2nd quarter. Teacher Retirement System of Texas now owns 13,074 shares of the industrial products company’s stock worth $153,000 after purchasing an additional 191 shares during the last quarter. Ameritas Investment Partners Inc. raised its stake in Mueller Water Products by 2.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 13,730 shares of the industrial products company’s stock valued at $160,000 after acquiring an additional 266 shares in the last quarter. Oppenheimer & Co. Inc. raised its stake in Mueller Water Products by 1.9% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 23,277 shares of the industrial products company’s stock valued at $272,000 after acquiring an additional 424 shares in the last quarter. Amalgamated Bank raised its stake in Mueller Water Products by 2.6% during the 2nd quarter. Amalgamated Bank now owns 19,603 shares of the industrial products company’s stock valued at $229,000 after acquiring an additional 500 shares in the last quarter. Finally, Guyasuta Investment Advisors Inc. raised its stake in Mueller Water Products by 1.3% during the 2nd quarter. Guyasuta Investment Advisors Inc. now owns 74,256 shares of the industrial products company’s stock valued at $867,000 after acquiring an additional 940 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors and hedge funds.

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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.

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

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