Mueller Water Products, Inc. (NYSE:MWA) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Saturday.

Several other research analysts also recently commented on MWA. Goldman Sachs Group, Inc. (The) started coverage on Mueller Water Products in a research note on Wednesday, March 8th. They issued a “buy” rating and a $15.00 price objective on the stock. Zacks Investment Research raised Mueller Water Products from a “sell” rating to a “hold” rating in a research note on Tuesday, March 14th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Mueller Water Products in a research note on Tuesday, March 14th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $15.00 price objective on shares of Mueller Water Products in a research note on Thursday, March 23rd. Finally, CIBC reaffirmed an “outperform” rating and issued a $15.00 price objective on shares of Mueller Water Products in a research note on Friday, March 24th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $13.71.

Analyst Recommendations for Mueller Water Products (NYSE:MWA)

Mueller Water Products (MWA) traded up 0.44% on Friday, reaching $11.47. The company’s stock had a trading volume of 3,081,720 shares. Mueller Water Products has a one year low of $10.45 and a one year high of $14.20. The stock has a 50-day moving average of $11.23 and a 200-day moving average of $12.37. The stock has a market cap of $1.83 billion, a P/E ratio of 15.48 and a beta of 1.34.

Mueller Water Products (NYSE:MWA) last posted its quarterly earnings data on Thursday, April 27th. The industrial products company reported $0.09 EPS for the quarter, hitting the consensus estimate of $0.09. Mueller Water Products had a return on equity of 4.34% and a net margin of 2.35%. The firm had revenue of $199.70 million for the quarter, compared to the consensus estimate of $206 million. During the same quarter last year, the company earned $0.10 earnings per share. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. On average, analysts predict that Mueller Water Products will post $0.45 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, May 22nd. Investors of record on Wednesday, May 10th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend was Monday, May 8th. Mueller Water Products’s dividend payout ratio (DPR) is presently 21.62%.

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In related news, Director Shirley C. Franklin sold 9,156 shares of Mueller Water Products stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $11.40, for a total transaction of $104,378.40. Following the sale, the director now owns 39,157 shares of the company’s stock, valued at approximately $446,389.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Bernard G. Rethore sold 56,400 shares of Mueller Water Products stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $11.23, for a total value of $633,372.00. Following the sale, the director now directly owns 27,303 shares in the company, valued at approximately $306,612.69. The disclosure for this sale can be found here. 4.30% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of the stock. Bluestein R H & Co. acquired a new stake in shares of Mueller Water Products during the first quarter valued at about $118,000. Blair William & Co. IL acquired a new stake in shares of Mueller Water Products during the first quarter valued at about $124,000. Nomura Holdings Inc. acquired a new stake in shares of Mueller Water Products during the first quarter valued at about $125,000. BlueCrest Capital Management Ltd acquired a new stake in shares of Mueller Water Products during the first quarter valued at about $133,000. Finally, Teza Capital Management LLC acquired a new stake in shares of Mueller Water Products during the first quarter valued at about $136,000. 87.35% of the stock is currently owned by institutional investors.

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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