Mueller Water Products (NYSE:MWA) has received a consensus rating of “Buy” from the ten brokerages that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $14.25.

Several research firms have recently commented on MWA. BidaskClub lowered shares of Mueller Water Products from a “buy” rating to a “hold” rating in a report on Saturday. CIBC reissued a “buy” rating on shares of Mueller Water Products in a research note on Wednesday, May 10th. Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of Mueller Water Products in a research note on Tuesday, May 9th. Zacks Investment Research lowered shares of Mueller Water Products from a “buy” rating to a “hold” rating in a research note on Tuesday, May 2nd. Finally, Nomura initiated coverage on shares of Mueller Water Products in a research note on Wednesday, April 12th. They set a “buy” rating and a $15.00 target price for the company.

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Mueller Water Products (NYSE:MWA) traded down 0.09% during trading on Tuesday, reaching $11.29. 439,548 shares of the company’s stock traded hands. The stock has a market capitalization of $1.80 billion, a P/E ratio of 15.24 and a beta of 1.38. Mueller Water Products has a 1-year low of $10.45 and a 1-year high of $14.20. The stock has a 50-day moving average price of $11.32 and a 200 day moving average price of $12.24.

Mueller Water Products (NYSE:MWA) last posted its quarterly earnings results on Thursday, April 27th. The industrial products company reported $0.09 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.09. Mueller Water Products had a net margin of 12.45% and a return on equity of 18.45%. The business had revenue of $199.70 million during the quarter, compared to analyst estimates of $206 million. During the same period in the previous year, the business posted $0.10 EPS. The company’s quarterly revenue was up 1.3% on a year-over-year basis. Equities research analysts expect that Mueller Water Products will post $0.45 earnings per share for the current year.

In other news, Director Shirley C. Franklin sold 9,156 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $11.40, for a total value of $104,378.40. Following the completion of the sale, the director now directly owns 39,157 shares of the company’s stock, valued at approximately $446,389.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Bernard G. Rethore sold 56,400 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $11.23, for a total transaction of $633,372.00. Following the completion of the sale, the director now directly owns 27,303 shares of the company’s stock, valued at $306,612.69. The disclosure for this sale can be found here. Insiders own 4.30% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of Mueller Water Products by 14,036.8% in the first quarter. BlackRock Inc. now owns 13,522,561 shares of the industrial products company’s stock worth $159,837,000 after buying an additional 13,426,906 shares in the last quarter. Norges Bank bought a new stake in shares of Mueller Water Products during the fourth quarter worth $51,312,000. Gamco Investors INC. ET AL raised its stake in shares of Mueller Water Products by 273.5% in the first quarter. Gamco Investors INC. ET AL now owns 5,103,980 shares of the industrial products company’s stock worth $60,329,000 after buying an additional 3,737,574 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Mueller Water Products by 8.8% in the first quarter. Vanguard Group Inc. now owns 12,650,343 shares of the industrial products company’s stock worth $149,528,000 after buying an additional 1,017,949 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Mueller Water Products by 110.5% in the first quarter. Bank of America Corp DE now owns 1,603,860 shares of the industrial products company’s stock worth $18,958,000 after buying an additional 842,053 shares in the last quarter. 87.34% of the stock is owned by institutional investors.

About Mueller Water Products

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 two segments: Mueller Co and Mueller Technologies. The Mueller Co segment manufactures valves for water and gas systems, and dry-barrel and wet-barrel fire hydrants.

Analyst Recommendations for Mueller Water Products (NYSE:MWA)

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