The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Mueller Water Products Inc. shares valued at $150,937 were sold by HANSEN THOMAS J on Aug 12. At $12.00 per share, HANSEN THOMAS J sold 12,578 shares. The insider’s holdings dropped to 82,088 shares worth approximately $0.85 million following the completion of this transaction.
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Also, FRANKLIN SHIRLEY C. sold 7,000 shares, netting a total of over 83,548 in proceeds. Following the sale of shares at $11.94 each, the insider now holds 56,776 shares.
Before that, Heinrichs Steven S had sold 17,000 shares from its account. In a trade valued at $196,209, the EVP, CLO, CCO and Secretary traded Mueller Water Products Inc. shares for $11.54 each. Upon closing the transaction, the insider’s holdings decreased to 17,000 shares, worth approximately $0.57 million.
As published in their initiating research note from Deutsche Bank on August 18, 2022, Mueller Water Products Inc. [MWA] has been a Hold and the price target has been revised to $12. This represents a 14.08% premium over Thursday’s closing price. Analysts at Northcoast started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid July. As of November 10, 2021, Oppenheimer has decreased its “an Outperform” rating to a “Perform” for MWA. Earlier on November 09, 2021, Boenning & Scattergood downgraded its rating. Their new recommendation was “a Neutral” for MWA stock which previously was a “an Outperform”.
Analyzing MWA’s Price Performance
On Thursday, Mueller Water Products Inc. [NYSE: MWA] plunged -2.09% to $10.31. The stock’s lowest price that day was $10.29, but it reached a high of $10.49 in the same session. During the last five days, there has been a drop of approximately -4.45%. Over the course of the year, Mueller Water Products Inc. shares have dropped approximately -28.40%. Shares of the company reached a 52-week high of $14.60 on 01/03/22 and a 52-week low of $10.29 on 09/22/22. A 50-day SMA is recorded $11.79, while a 200-day SMA reached $12.42. Nevertheless, trading volume fell to 1.21 million shares from 1.92 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 10.24, which, if violated, would cause prices to drop to 10.16. In the upper region, resistance lies at 10.44. The next price resistance is at 10.56. RSI (Relative Strength Index) is 29.88 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.46, which suggests the price will decrease in the coming days. Percent R is at 98.47%, indicating bearish price movement. Stochastics %K at buying 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 Jul 14, 2022 dropping by -0.41 million shares to 3.08 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 3.49 million shares. A decline of -13.31% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.9 of the overall float, the days-to-cover ratio (short ratio) decline to 2.9.
Which companies own the most shares of Mueller Water Products Inc. (MWA)?
According to The Vanguard Group, Inc. filings, the company currently owns 14,052,161 shares, which is about 8.97% of the total MWA shares outstanding. The investor’s shares have appreciated by 46,400 from its previous 13-F filing of 14005761.0 shares. With the completion of the sale transaction, Impax Asset Management Ltd.’s stake is now worth $149,902,808. Nuance Investments LLC acquire a 42.40% interest valued at $120.23 million while BlackRock Fund Advisors sold a -477,543 stake. A total of -207,395 shares of Mueller Water Products Inc. were sold by T. Rowe Price Associates, Inc. during the quarter, and -15,946 were sold by Dimensional Fund Advisors LP. In its current portfolio, Kempen Capital Management NV holds 4,597,706 shares valued at $51.86 million.
In terms of Mueller Water Products Inc. share price expectations, FactSet research, analysts set an average price target of $12.75 in the next 12 months, up nearly 13.96% from the previous closing price of $10.53. Analysts anticipate Mueller Water Products Inc. stock to reach $17.00 by 2022, with the lowest price target being $10.00. In spite of this, 10 analysts ranked Mueller Water Products Inc. stock as a Hold at the end of 2022. On January 28, 2021, Cowen assigned a price target of “a Market perform” to the stock and upgraded coverage with a $12.