Mueller Water Products, Inc. (NYSE:MWA) Director Brian Slobodow Sells 11,132 Shares of Stock

Mueller Water Products, Inc. (NYSE:MWA) Director Brian Slobodow sold 11,132 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $24.73, for a total value of $275,294.36. Following the completion of the sale, the director now owns 7,376 shares of the company’s stock, valued at approximately $182,408.48. This trade represents a 60.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Mueller Water Products Price Performance

Shares of NYSE MWA opened at $24.87 on Friday. Mueller Water Products, Inc. has a twelve month low of $14.81 and a twelve month high of $28.25. The company has a current ratio of 3.83, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of 28.92, a price-to-earnings-growth ratio of 1.43 and a beta of 1.38. The business has a 50 day simple moving average of $24.23 and a 200-day simple moving average of $23.16.

Mueller Water Products (NYSE:MWA) last issued its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.06. Mueller Water Products had a return on equity of 21.18% and a net margin of 10.05%. During the same period in the prior year, the business posted $0.13 earnings per share. As a group, equities research analysts expect that Mueller Water Products, Inc. will post 1.24 earnings per share for the current year.

Mueller Water Products Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Monday, February 10th were issued a $0.067 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $0.27 dividend on an annualized basis and a dividend yield of 1.08%. Mueller Water Products’s dividend payout ratio (DPR) is 30.23%.

Institutional Investors Weigh In On Mueller Water Products

A number of institutional investors have recently made changes to their positions in the company. Arizona State Retirement System increased its holdings in shares of Mueller Water Products by 0.8% in the 4th quarter. Arizona State Retirement System now owns 45,215 shares of the industrial products company’s stock valued at $1,017,000 after acquiring an additional 379 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in Mueller Water Products by 1.4% during the 4th quarter. Oppenheimer & Co. Inc. now owns 42,929 shares of the industrial products company’s stock valued at $966,000 after purchasing an additional 581 shares during the period. Point72 Hong Kong Ltd boosted its position in Mueller Water Products by 6.1% during the 3rd quarter. Point72 Hong Kong Ltd now owns 11,022 shares of the industrial products company’s stock valued at $239,000 after purchasing an additional 633 shares during the period. Baird Financial Group Inc. boosted its position in Mueller Water Products by 3.0% during the 4th quarter. Baird Financial Group Inc. now owns 24,702 shares of the industrial products company’s stock valued at $556,000 after purchasing an additional 722 shares during the period. Finally, Blue Trust Inc. boosted its position in Mueller Water Products by 14.8% during the 4th quarter. Blue Trust Inc. now owns 5,618 shares of the industrial products company’s stock valued at $126,000 after purchasing an additional 726 shares during the period. 91.68% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Oppenheimer restated an “outperform” rating and set a $27.00 price objective (up from $26.00) on shares of Mueller Water Products in a report on Friday, November 8th. Royal Bank of Canada lifted their price objective on Mueller Water Products from $25.00 to $29.00 and gave the stock a “sector perform” rating in a report on Thursday, February 6th. Finally, The Goldman Sachs Group lifted their price objective on Mueller Water Products from $26.00 to $29.00 and gave the stock a “neutral” rating in a report on Thursday, February 6th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $25.80.

About Mueller Water Products

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.