A Director at Mueller Water Products (NYSE: MWA) is Selling Shares

By Carrie Williams

Yesterday, a Director at Mueller Water Products (MWAResearch Report), Shirley Franklin, sold shares of MWA for $63.99K.

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Based on Mueller Water Products’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $234 million and quarterly net profit of $10.9 million. In comparison, last year the company earned revenue of $233 million and had a net profit of $10.2 million. MWA’s market cap is $1.55B and the company has a P/E ratio of 50.78. Currently, Mueller Water Products has an average volume of 635.5K.

Based on 5 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $11.50, reflecting a 17.7% upside.

The insider sentiment on Mueller Water Products has been positive according to 36 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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Mueller Water Products, Inc. engages in the manufacture and sale of products used in the transmission, distribution and measurement of water. It operates though the following segments: Infrastructure, and Technologies.