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Mueller Water Products Insider Buys $24,890 in Stock

Mueller Water Products sees insider buying as Director Brian C. Healy purchases shares. This could indicate bullish sentiment for the stock, which is trading lower than the recent buy price.

Date: 
AI Rating:   6

Insider Buying Indicates Potential Positive Outlook

The recent insider purchase by Brian C. Healy, Director of Mueller Water Products, could reflect a positive sentiment regarding the stock's future performance. Healy bought 1,115 shares at $22.32 each for a total of $24,890. This buy occurred when the stock was available at a lower price of $21.63, indicating his belief in potential appreciation.

Healy's past buying activity also supports this outlook. He has made three other purchases in the last year for an aggregate total of $100,556 at a lower average price of $20.01 per share. This consistent insider buying trend might suggest confidence in the company and its prospects.

However, it should be noted that the stock is down approximately 1.6% on the day of the report, which could reflect broader market conditions or company-specific challenges that are not detailed in the report.

Given that the information does not cover key financial metrics such as Earnings Per Share (EPS), Revenue Growth, Net Income, Profit Margins, Free Cash Flow, or Return on Equity, the analysis is limited to the implications of the insider purchase.