Mueller Water Products (NYSE:MWA) announced a quarterly dividend on Thursday, October 26th, Wall Street Journal reports. Shareholders of record on Friday, November 10th will be given a dividend of 0.04 per share by the industrial products company on Monday, November 20th. This represents a $0.16 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date is Thursday, November 9th.
Mueller Water Products has increased its dividend by an average of 16.3% annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Mueller Water Products has a dividend payout ratio of 30.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Mueller Water Products to earn $0.64 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 25.0%.
Shares of Mueller Water Products (MWA) opened at $12.19 on Monday. The company has a quick ratio of 4.63, a current ratio of 5.90 and a debt-to-equity ratio of 1.03. The company has a market cap of $1,933.22, a price-to-earnings ratio of 28.35, a price-to-earnings-growth ratio of 1.54 and a beta of 1.32. Mueller Water Products has a twelve month low of $10.84 and a twelve month high of $14.20.
Mueller Water Products (NYSE:MWA) last posted its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $0.15 EPS for the quarter, hitting analysts’ consensus estimates of $0.15. The business had revenue of $226.90 million during the quarter, compared to analysts’ expectations of $227.14 million. Mueller Water Products had a net margin of 14.93% and a return on equity of 15.83%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period last year, the company posted $0.17 earnings per share. equities analysts predict that Mueller Water Products will post 0.53 EPS for the current fiscal year.
In other news, CFO Evan Hart sold 167,016 shares of Mueller Water Products stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $12.11, for a total value of $2,022,563.76. Following the completion of the transaction, the chief financial officer now owns 355,862 shares in the company, valued at $4,309,488.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 4.30% of the stock is owned by company insiders.
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MWA has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of Mueller Water Products from a “hold” rating to a “sell” rating in a research note on Friday, July 21st. Boenning Scattergood raised shares of Mueller Water Products from a “neutral” rating to an “outperform” rating and set a $14.00 price objective on the stock in a research note on Tuesday, September 5th. Oppenheimer Holdings, Inc. set a $13.00 price objective on shares of Mueller Water Products and gave the company a “buy” rating in a research note on Monday, July 31st. BidaskClub lowered shares of Mueller Water Products from a “buy” rating to a “hold” rating in a research report on Friday, August 25th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $14.00 price target on shares of Mueller Water Products in a research report on Wednesday, October 11th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Mueller Water Products presently has an average rating of “Buy” and a consensus price target of $13.75.
Mueller Water Products Company Profile
Mueller Water Products, Inc is a manufacturer and marketer of products and services used in the transmission, distribution and measurement of water in North America. The Company operates through three segments: Mueller Co, Anvil and Mueller Technologies. The Mueller Co segment manufactures valves for water and gas systems, and dry-barrel and wet-barrel fire hydrants.
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