Saturday, June 25, 2022

Insider Selling: FRANKLIN SHIRLEY C., Mueller Water Products Inc. [MWA] Director divested 7,000 shares

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Mueller Water Products Inc. shares valued at $83,548 were sold by FRANKLIN SHIRLEY C. on Jun 01. At $11.94 per share, FRANKLIN SHIRLEY C. sold 7,000 shares. The insider’s holdings dropped to 56,776 shares worth approximately $0.66 million following the completion of this transaction.

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Also, Heinrichs Steven S sold 17,000 shares, netting a total of over 196,209 in proceeds. Following the sale of shares at $11.54 each, the insider now holds 55,316 shares.

Before that, Helms Todd P had sold 3,875 shares from its account. In a trade valued at $45,058, the SVP and CHRO traded Mueller Water Products Inc. shares for $11.63 each. Upon closing the transaction, the insider’s holdings decreased to 3,875 shares, worth approximately $0.27 million.

As published in a research note from Oppenheimer on November 10, 2021, Mueller Water Products Inc. [MWA] has been rated down from an Outperform to a Perform. Analysts at Boenning & Scattergood downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in early November. As of January 28, 2021, Cowen has increased its “an Underperform” rating to a “Market perform” for MWA. Earlier on January 11, 2021, Boenning & Scattergood upgraded its rating. Their new recommendation was “an Outperform” for MWA stock which previously was a “a Neutral”.

Analyzing MWA’s Price Performance

On Wednesday, Mueller Water Products Inc. [NYSE: MWA] rose 1.40% to $11.56. The stock’s lowest price that day was $11.20, but it reached a high of $11.61 in the same session. During the last five days, there has been a surge of approximately 3.21%. Over the course of the year, Mueller Water Products Inc. shares have dropped approximately -19.72%. Shares of the company reached a 52-week high of $14.60 on 01/03/22 and a 52-week low of $10.88 on 06/16/22. A 50-day SMA is recorded $11.97, while a 200-day SMA reached $13.61. Nevertheless, trading volume fell to 1.24 million shares from 1.31 million shares the previous day.

Support And Resistance Levels for Mueller Water Products Inc. (MWA)

According to the 24-hour chart, there is a support level at 11.30, which, if violated, would cause prices to drop to 11.05. In the upper region, resistance lies at 11.71. The next price resistance is at 11.87. RSI (Relative Strength Index) is 46.64 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.43, which suggests the price will decrease in the coming days. Percent R is at 57.05%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Mueller Water Products Inc. subject to short interest?

Stocks of Mueller Water Products Inc. saw a sharp steep in short interest on Apr 28, 2022 dropping by -0.52 million shares to 2.52 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2022 was 3.04 million shares. A decline of -20.63% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.42 of the overall float, the days-to-cover ratio (short ratio) decline to 2.42.

Which companies own the most shares of Mueller Water Products Inc. (MWA)?

According to The Vanguard Group, Inc. filings, the company currently owns 14,005,761 shares, which is about 8.92% of the total MWA shares outstanding. The investor’s shares have plunged by -97,796 from its previous 13-F filing of 14103557.0 shares. With the completion of the buy, Impax Asset Management Ltd.’s stake is now worth $159,537,647. BlackRock Fund Advisors reduced a -1.74% interest valued at $113.52 million while T. Rowe Price Associates, Inc. sold a -223,724 stake. A total of 3,008,643 shares of Mueller Water Products Inc. were sold by Nuance Investments LLC during the quarter, and 5,808 were bought by Dimensional Fund Advisors LP. In its current portfolio, Eaton Vance Management holds 3,984,187 shares valued at $47.53 million.

In terms of Mueller Water Products Inc. share price expectations, FactSet research, analysts set an average price target of $14.21 in the next 12 months, up nearly 22.81% from the previous closing price of $11.40. Analysts anticipate Mueller Water Products Inc. stock to reach $17.00 by 2022, with the lowest price target being $12.00. In spite of this, 9 analysts ranked Mueller Water Products Inc. stock as a Hold at the end of 2022. On April 08, 2020, Goldman assigned a price target of “a Neutral” to the stock and upgraded coverage with a $8.

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