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Mueller Water Products Inc (MWA) – Don’t Believe the Hype: Check The Facts

Mueller Water Products Inc (NYSE: MWA) is 8.26% higher on its value in year-to-date trading and has touched a low of $12.11 and a high of $16.93 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MWA stock was last observed hovering at around $15.56 in the last trading session, with the day’s gains setting it 0.03%.

Currently trading at $15.59, the stock is -0.52% and 2.80% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.89 million and changing 0.19% at the moment leaves the stock 9.33% off its SMA200. MWA registered 11.84% gain for a year compared to 6-month gain of 23.93%. The firm has a 50-day simple moving average (SMA 50) of $2.21 and a 200-day simple moving average (SMA200) of $15.06.

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The stock witnessed a 0.78% loss in the last 1 month and extending the period to 3 months gives it a 10.33%, and is -1.20% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.64% over the week and 1.52% over the month.

Mueller Water Products Inc (MWA) has around 3200 employees, a market worth around $2.43B and $1.22B in sales. Current P/E ratio is 31.66 and Fwd P/E is 19.65. Profit margin for the company is 6.35%. Distance from 52-week low is 28.74% and -7.91% from its 52-week high. The company has generated returns on investments over the last 12 months (6.42%).

Mueller Water Products Inc quarterly earnings per share for the current quarter are estimated at $0.14 with sales reaching $299.62M over the same period.The EPS is expected to grow by 7.67% this year, but quarterly earnings will post -4.50% year-over-year.

333 institutions hold shares in Mueller Water Products Inc (MWA), with institutional investors hold 98.74% of the company’s shares. The shares outstanding are 155.87M, and float is at 153.30M with Short Float at 1.97%. Institutions hold 96.81% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 14.82 million shares valued at $240.46 million. The investor’s holdings represent 9.47% of the MWA Shares outstanding. As of Jun 29, 2023, the second largest holder is Impax Asset Management Group Plc with 13.26 million shares valued at $215.23 million to account for 8.47% of the shares outstanding. The other top investors are Blackrock Inc. which holds 12.59 million shares representing 8.05% and valued at over $204.39 million, while Nuance Investments, LLC holds 8.04% of the shares totaling 12.58 million with a market value of $204.2 million.

Mueller Water Products Inc (MWA) Insider Activity

The most recent transaction is an insider purchase by Van Arsdell Stephen C, the company’s Director. SEC filings show that Van Arsdell Stephen C bought 10,000 shares of the company’s common stock on Mar 01 ’24 at a price of $15.42 per share for a total of $0.15 million. Following the purchase, the insider now owns 80603.0 shares.

Mueller Water Products Inc disclosed in a document filed with the SEC on Feb 28 ’24 that Takeuchi Kenji (SVP Water Management Solutions) sold a total of 6,658 shares of the company’s common stock. The trade occurred on Feb 28 ’24 and was made at $15.62 per share for $0.1 million. Following the transaction, the insider now directly holds 34196.0 shares of the MWA stock.

Still, SEC filings show that on Feb 13 ’24, Helms Todd P (SVP and CHRO) disposed off 37,000 shares at an average price of $15.15 for $0.56 million. The insider now directly holds 41,181 shares of Mueller Water Products Inc (MWA).

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