Mueller Water Products (MWA) Stock Price Up 6.2%

Shares of Mueller Water Products, Inc. (NYSE:MWA) rose 6.2% during trading on Tuesday . The company traded as high as $10.58 and last traded at $10.52. Approximately 1,983,008 shares traded hands during mid-day trading, an increase of 98% from the average daily volume of 1,000,675 shares. The stock had previously closed at $9.91.

MWA has been the subject of a number of research analyst reports. ValuEngine lowered Mueller Water Products from a “hold” rating to a “sell” rating in a research note on Tuesday, January 22nd. Zacks Investment Research raised Mueller Water Products from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a research note on Wednesday, January 9th. Boenning Scattergood reaffirmed a “neutral” rating on shares of Mueller Water Products in a research note on Tuesday. Oppenheimer reaffirmed a “buy” rating on shares of Mueller Water Products in a research note on Monday, November 5th. Finally, TheStreet lowered Mueller Water Products from a “b-” rating to a “c” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $12.42.

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The company has a market capitalization of $1.66 billion, a P/E ratio of 19.06, a price-to-earnings-growth ratio of 1.27 and a beta of 1.12. The company has a quick ratio of 3.17, a current ratio of 4.10 and a debt-to-equity ratio of 0.79.

Mueller Water Products (NYSE:MWA) last announced its quarterly earnings results on Monday, February 4th. The industrial products company reported $0.07 EPS for the quarter, hitting analysts’ consensus estimates of $0.07. Mueller Water Products had a return on equity of 16.06% and a net margin of 3.17%. The company had revenue of $192.80 million during the quarter, compared to analyst estimates of $196.74 million. On average, analysts predict that Mueller Water Products, Inc. will post 0.62 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 20th. Shareholders of record on Friday, February 8th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.98%. The ex-dividend date is Thursday, February 7th. Mueller Water Products’s dividend payout ratio is currently 37.74%.

In other Mueller Water Products news, CFO Marietta Edmunds Zakas sold 38,022 shares of the firm’s stock in a transaction on Tuesday, November 27th. The stock was sold at an average price of $10.53, for a total transaction of $400,371.66. Following the completion of the transaction, the chief financial officer now owns 257,614 shares of the company’s stock, valued at $2,712,675.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael T. Tokarz sold 9,546 shares of the firm’s stock in a transaction on Wednesday, December 12th. The shares were sold at an average price of $10.27, for a total value of $98,037.42. Following the transaction, the director now directly owns 298,532 shares of the company’s stock, valued at approximately $3,065,923.64. The disclosure for this sale can be found here. Insiders have sold 103,851 shares of company stock valued at $1,091,250 in the last three months. Insiders own 1.70% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in Mueller Water Products by 0.5% during the third quarter. Vanguard Group Inc. now owns 13,770,168 shares of the industrial products company’s stock valued at $158,494,000 after buying an additional 64,853 shares during the period. Vanguard Group Inc increased its holdings in shares of Mueller Water Products by 0.5% during the third quarter. Vanguard Group Inc now owns 13,770,168 shares of the industrial products company’s stock valued at $158,494,000 after acquiring an additional 64,853 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Mueller Water Products by 1.7% during the third quarter. BlackRock Inc. now owns 11,085,286 shares of the industrial products company’s stock valued at $127,592,000 after acquiring an additional 188,122 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Mueller Water Products by 0.8% during the third quarter. Dimensional Fund Advisors LP now owns 6,265,213 shares of the industrial products company’s stock valued at $72,112,000 after acquiring an additional 51,368 shares in the last quarter. Finally, Brown Advisory Inc. increased its holdings in shares of Mueller Water Products by 49.5% during the third quarter. Brown Advisory Inc. now owns 3,068,927 shares of the industrial products company’s stock valued at $35,323,000 after acquiring an additional 1,016,607 shares in the last quarter. 84.96% of the stock is owned by institutional investors and hedge funds.

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About Mueller Water Products (NYSE:MWA)

Mueller Water Products, Inc manufactures and markets products and services for use in the transmission, distribution, and measurement of water in the United States, Canada, and internationally. It operates in two segments, Infrastructure and Technologies. The Infrastructure segment offers valves for water and gas systems, including butterfly, iron gate, tapping, check, knife, plug, automatic control, and ball valves; dry-barrel and wet-barrel fire hydrants; pipe repair products, such as clamps and couplings used to repair leaks under the Mueller and Jones brand names; and machines and tools for tapping, drilling, extracting, installing, and stopping-off.

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