Mueller Water Products (MWA) Receives Average Rating of “Buy” from Analysts
Mueller Water Products (NYSE:MWA) has been assigned an average recommendation of “Buy” from the eight analysts that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $14.50.
A number of brokerages have recently commented on MWA. BidaskClub upgraded Mueller Water Products from a “sell” rating to a “hold” rating in a report on Saturday, June 17th. Zacks Investment Research upgraded Mueller Water Products from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Oppenheimer Holdings, Inc. set a $13.00 price target on Mueller Water Products and gave the stock a “buy” rating in a report on Monday, July 31st. Finally, CIBC reiterated a “buy” rating on shares of Mueller Water Products in a report on Wednesday, May 10th.
In related news, Director Shirley C. Franklin sold 9,156 shares of the company’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $11.40, for a total value of $104,378.40. Following the completion of the transaction, the director now directly owns 39,157 shares in the company, valued at $446,389.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.30% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. WFG Advisors LP raised its position in shares of Mueller Water Products by 16.1% in the second quarter. WFG Advisors LP now owns 51,342 shares of the industrial products company’s stock worth $600,000 after buying an additional 7,133 shares during the last quarter. Colony Group LLC purchased a new position in shares of Mueller Water Products during the second quarter worth approximately $135,000. Koch Industries Inc. purchased a new position in shares of Mueller Water Products during the second quarter worth approximately $190,000. Robecosam AG purchased a new position in shares of Mueller Water Products during the second quarter worth approximately $4,357,000. Finally, Ameritas Investment Partners Inc. raised its position in shares of Mueller Water Products by 2.0% in the second quarter. Ameritas Investment Partners Inc. now owns 13,730 shares of the industrial products company’s stock worth $160,000 after buying an additional 266 shares during the last quarter. Institutional investors and hedge funds own 84.73% of the company’s stock.
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Shares of Mueller Water Products (NYSE:MWA) traded up 1.91% during midday trading on Wednesday, reaching $11.72. 619,295 shares of the company traded hands. The company’s 50 day moving average is $11.65 and its 200-day moving average is $11.76. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 14.56 and a beta of 1.37. Mueller Water Products has a 12 month low of $10.45 and a 12 month high of $14.20.
Mueller Water Products (NYSE:MWA) last issued its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16. Mueller Water Products had a return on equity of 16.85% and a net margin of 14.47%. The company had revenue of $232.20 million during the quarter, compared to analyst estimates of $235.07 million. During the same period in the previous year, the company earned $0.15 earnings per share. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. Equities research analysts forecast that Mueller Water Products will post $0.44 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, August 21st. Stockholders of record on Friday, August 11th were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Wednesday, August 9th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.39%. Mueller Water Products’s dividend payout ratio (DPR) is presently 20.00%.
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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