1 week Ago By ABMN Staff
Shares of Mueller Water Products, Inc. ( NYSE:MWA – Get Free Report ) gapped down prior to trading on Friday . The stock had previously closed at $19.
94, but opened at $19.53. Mueller Water Products shares last traded at $19.
97, with a volume of 43,526 shares. Wall Street Analysts Forecast Growth Several equities analysts have recently commented on MWA shares. Oppenheimer boosted their price target on shares of Mueller Water Products from $22.
00 to $24.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. StockNews.
com downgraded Mueller Water Products from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 1st. TD Cowen downgraded Mueller Water Products from a “buy” rating to a “hold” rating and raised their price target for the stock from $19.00 to $20.
00 in a research note on Friday, August 9th. Finally, Royal Bank of Canada increased their price objective on Mueller Water Products from $20.00 to $23.
00 and gave the stock a “sector perform” rating in a report on Wednesday, August 7th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.
com, Mueller Water Products has an average rating of “Hold” and an average target price of $21.60. Check Out Our Latest Stock Report on Mueller Water Products Mueller Water Products Trading Down 2.
9 % Mueller Water Products ( NYSE:MWA – Get Free Report ) last issued its quarterly earnings data on Monday, August 5th. The industrial products company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.
22 by $0.10. The business had revenue of $356.
70 million for the quarter, compared to the consensus estimate of $329.67 million. Mueller Water Products had a return on equity of 19.
46% and a net margin of 9.71%. The firm’s revenue was up 9.
2% compared to the same quarter last year. During the same period last year, the business earned $0.18 EPS.
On average, analysts forecast that Mueller Water Products, Inc. will post 0.93 earnings per share for the current fiscal year.
Mueller Water Products Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 20th. Stockholders of record on Friday, August 9th were paid a $0.064 dividend.
This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.32%.
The ex-dividend date was Friday, August 9th. Mueller Water Products’s payout ratio is 39.06%.
Insider Buying and Selling In other news, insider J Scott Hall sold 135,253 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $20.34, for a total value of $2,751,046.
02. Following the sale, the insider now directly owns 544,029 shares of the company’s stock, valued at $11,065,549.86.
The sale was disclosed in a document filed with the SEC, which is available at the SEC website . In related news, Director Christine Ortiz sold 8,800 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $19.
94, for a total transaction of $175,472.00. Following the transaction, the director now owns 34,699 shares of the company’s stock, valued at $691,898.
06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink . Also, insider J Scott Hall sold 135,253 shares of the company’s stock in a transaction on Thursday, August 8th.
The shares were sold at an average price of $20.34, for a total transaction of $2,751,046.02.
Following the transaction, the insider now owns 544,029 shares of the company’s stock, valued at $11,065,549.86. The disclosure for this sale can be found here .
In the last three months, insiders sold 256,869 shares of company stock valued at $5,141,842. Company insiders own 1.40% of the company’s stock.
Institutional Trading of Mueller Water Products Several hedge funds and other institutional investors have recently bought and sold shares of MWA. Vanguard Personalized Indexing Management LLC increased its position in shares of Mueller Water Products by 7.3% during the fourth quarter.
Vanguard Personalized Indexing Management LLC now owns 10,736 shares of the industrial products company’s stock valued at $155,000 after purchasing an additional 735 shares during the period. Arizona State Retirement System boosted its stake in Mueller Water Products by 1.9% during the second quarter.
Arizona State Retirement System now owns 43,722 shares of the industrial products company’s stock worth $783,000 after buying an additional 819 shares in the last quarter. National Bank of Canada FI increased its holdings in Mueller Water Products by 44.2% in the 2nd quarter.
National Bank of Canada FI now owns 4,757 shares of the industrial products company’s stock valued at $83,000 after buying an additional 1,457 shares during the period. Truist Financial Corp raised its stake in shares of Mueller Water Products by 6.0% in the 4th quarter.
Truist Financial Corp now owns 28,977 shares of the industrial products company’s stock valued at $417,000 after buying an additional 1,642 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its holdings in shares of Mueller Water Products by 6.
1% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 32,885 shares of the industrial products company’s stock worth $589,000 after acquiring an additional 1,900 shares during the period.
91.68% of the stock is currently owned by institutional investors and hedge funds. About Mueller Water Products ( Get Free Report ) 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. Recommended Stories Receive News & Ratings for Mueller Water Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mueller Water Products and related companies with MarketBeat.com's FREE daily email newsletter .
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