Insider Buying: Mueller Water Products (NYSE:MWA) Director Purchases $29,965.39 in Stock

Mueller Water Products (NYSE:MWA) Director Brian Healy bought 1,183 shares of the firm’s stock in a transaction dated Tuesday, July 7th. The shares were acquired at an average cost of $25.33 per share, with a total value of $29,965.39. Following the completion of the transaction, the director owned 24,946 shares of the company’s stock, valued at $631,882.18. This represents a 4.98% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Mueller Water Products Stock Performance

Shares of MWA opened at $24.91 on Friday. The firm has a market capitalization of $3.90 billion, a P/E ratio of 19.02, a P/E/G ratio of 1.13 and a beta of 1.03. Mueller Water Products has a 52 week low of $22.74 and a 52 week high of $31.00. The stock has a 50 day moving average price of $25.71 and a two-hundred day moving average price of $26.94. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.92 and a current ratio of 4.57.

Mueller Water Products (NYSE:MWA) last posted its quarterly earnings data on Tuesday, April 21st. The industrial products company reported $2.16 earnings per share (EPS) for the quarter. Mueller Water Products had a net margin of 14.17% and a return on equity of 22.11%. The firm had revenue of $1.19 billion for the quarter. Equities analysts forecast that Mueller Water Products will post 1.47 earnings per share for the current fiscal year.

Mueller Water Products Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Monday, May 11th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $0.28 annualized dividend and a dividend yield of 1.1%. Mueller Water Products’s dividend payout ratio (DPR) is currently 21.37%.

Analyst Upgrades and Downgrades

MWA has been the subject of a number of research reports. Royal Bank Of Canada increased their target price on shares of Mueller Water Products from $30.00 to $31.00 and gave the company a “sector perform” rating in a research report on Thursday, May 7th. Wall Street Zen cut Mueller Water Products from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $29.00 target price on shares of Mueller Water Products in a research note on Wednesday, May 6th. Barclays assumed coverage on shares of Mueller Water Products in a research note on Tuesday, June 30th. They issued an “underweight” rating and a $25.00 price objective for the company. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Mueller Water Products in a report on Tuesday, May 19th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $30.00.

Institutional Investors Weigh In On Mueller Water Products

A number of institutional investors and hedge funds have recently bought and sold shares of MWA. Danske Bank A S lifted its holdings in shares of Mueller Water Products by 266.7% during the 4th quarter. Danske Bank A S now owns 1,100 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 800 shares during the last quarter. Strive Financial Group LLC purchased a new position in shares of Mueller Water Products during the 4th quarter valued at about $26,000. Smartleaf Asset Management LLC boosted its stake in Mueller Water Products by 47.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,323 shares of the industrial products company’s stock worth $32,000 after buying an additional 423 shares in the last quarter. Flagship Harbor Advisors LLC bought a new position in shares of Mueller Water Products during the 4th quarter valued at $34,000. Finally, Steward Partners Investment Advisory LLC raised its position in Mueller Water Products by 44.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,517 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 469 shares during the period. 91.68% of the stock is owned by hedge funds and other institutional investors.

About Mueller Water Products

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.