According to Zacks, Mueller Aquatic Products (NYSE: MWA) announced a quarterly dividend on Friday, October 22. Shareholders of record on Wednesday, November 10 will receive a dividend of 0.058 per share from Industrial Products on Monday, November 22. This means that the annualized dividend is $0.23 and the yield is 1.38%. The ex-dividend date is Tuesday, November 9. This is an increase from Mueller’s previous quarterly dividend of $0.06.
Mueller Water Products has increased its dividend payment by 32.8% in the past three years and has increased its dividend annually for 7 consecutive years. Mueller Water Products has a dividend payout ratio of 37.1%, indicating that its dividend has been fully covered by its earnings. Research analysts expect Mueller Water Products to earn US$0.73 per share next year, which means that the company should be able to continue to pay its annual dividend of US$0.23 with an expected future payout ratio of 31.5%.
New York Stock Exchange ticker symbol: MWA opened at $16.86 on Friday. The 50-day moving average of this business is $15.92, and its 200-day moving average is $15.06. The company’s debt-to-equity ratio is 0.65, current ratio is 3.35, and quick ratio is 2.41. Mueller Water Products has a 1-year low of $10.83 and a 1-year high of $17.13. The company has a market capitalization of US$2.67 billion, a P/E ratio of 33.72, a P/E ratio of 1.90, and a beta of 1.34.
Mueller Aquatic Products (NYSE: MWA) last announced its earnings results on Wednesday, August 4. The industrial products company reported earnings per share of US$0.18 for the quarter, which was US$0.02 higher than the consensus estimate of US$0.16. Mueller Water Products has a net profit margin of 7.28% and a return on equity of 14.59%. The company’s revenue for the quarter was 310.5 million U.S. dollars, while the market generally expected it to be 268.9 million U.S. dollars. In the same period last year, the company’s earnings per share were $0.11. Mueller Water Products’ revenue increased by 35.9% compared to the same period last year. On average, analysts expect Mueller Aquatic Products’ earnings per share to reach 0.62 this year. (adsbygoogle = window.adsbygoogle || []).push({});
MWA has been the subject of many recent research reports. Royal Bank of Canada raised the target price of Mueller Water Products stock from US$15.00 to US$16.00 in its research report on Friday, August 6, and gave the stock an “industry performance” rating. In a research report on Friday, August 6, Oppenheimer raised the target price of Mueller Aquatic Products from US$16.00 to US$17.00, and gave the company a “Outperform” rating. Finally, Zacks Investment Research upgraded Mueller Water Products from a “hold” rating to a “buy” rating in a research report on Tuesday, August 10, and set a target price of $17.00 for the stock. Two research analysts have a hold on the stock and three have a buy on the company. According to data from MarketBeat.com, the stock’s consensus rating is “Buy” and the consensus target price is $15.60.
In other news from Mueller Water Products, director Shirley C. Franklin sold 5,111 shares in trading on Monday, November 1. The average selling price of these stocks is $16.43, and the total value is $83,973.73. The transaction has been disclosed in a document filed with the US Securities and Exchange Commission, which can be found in this hyperlink. In addition, director Shirley C. Franklin sold 5,112 shares of the company’s stock in a transaction on Wednesday, September 1. The stock was sold at an average price of $16.62, with a total trading volume of $84,961.44. After the sale, the directors now own 63,252 shares of the company, valued at US$1,051,248.24. The disclosure of this sale can be found here. In the past 90 days, insiders sold 41,144 shares of the company’s stock worth US$676,344. 1.50% of the shares are held by company insiders.
An institutional investor recently increased its position in Mueller Water Products stock. According to the company’s recent Form 13F filing with the US Securities and Exchange Commission, Morgan Stanley increased its holdings in Mueller Aquatic Products (NYSE: MWA) by 9.2% in the second quarter . After the institutional investors increased their holdings of 66,412 shares during the period, they held 791,568 shares of the industrial product company. As of the most recent filing with the US Securities and Exchange Commission, Morgan Stanley owns approximately 0.50% of Mueller Water Products worth US$11,415,000. 89.19% of stocks are held by hedge funds and other institutional investors.
Mueller Water Products, Inc is engaged in the manufacture and sale of products for the transmission, distribution and measurement of water. It operates through the following parts: infrastructure and technology. The infrastructure sector involves the manufacture of water and gas system valves, including butterfly valves, iron gate valves, tapping valves, check valves, knife valves, plug valves and ball valves, as well as dry and wet fire hydrants.
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Post time: Nov-09-2021
