Robert W. Baird Reiterates Hold Rating for Mueller Water Products (MWA)
Mueller Water Products (NYSE:MWA)‘s stock had its “hold” rating reissued by investment analysts at Robert W. Baird in a research note issued to investors on Wednesday. They presently have a $14.00 target price on the industrial products company’s stock. Robert W. Baird’s price target points to a potential upside of 9.20% from the company’s current price.
Several other brokerages also recently commented on MWA. Cowen and Company reaffirmed a “hold” rating and set a $12.00 target price on shares of Mueller Water Products in a report on Thursday, September 21st. Boenning Scattergood raised shares of Mueller Water Products from a “neutral” rating to an “outperform” rating and set a $14.00 target price for the company in a report on Tuesday, September 5th. Zacks Investment Research raised shares of Mueller Water Products from a “sell” rating to a “hold” rating in a report on Friday, August 4th. BidaskClub raised shares of Mueller Water Products from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Finally, Oppenheimer Holdings, Inc. set a $13.00 target price on shares of Mueller Water Products and gave the stock a “buy” rating in a report on Monday, July 31st. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $13.88.
Shares of Mueller Water Products (NYSE:MWA) traded down 0.70% on Wednesday, hitting $12.82. 1,182,152 shares of the stock were exchanged. The company has a 50-day moving average price of $12.19 and a 200-day moving average price of $11.72. The firm has a market capitalization of $2.03 billion, a PE ratio of 15.93 and a beta of 1.29. Mueller Water Products has a one year low of $10.45 and a one year high of $14.20.
Mueller Water Products (NYSE:MWA) last announced its earnings results on Thursday, August 3rd. The industrial products company reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. The business had revenue of $232.20 million during the quarter, compared to the consensus estimate of $235.07 million. Mueller Water Products had a net margin of 14.47% and a return on equity of 16.85%. Mueller Water Products’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.15 EPS. Equities research analysts expect that Mueller Water Products will post $0.44 earnings per share for the current year.
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Hedge funds and other institutional investors have recently bought and sold shares of the business. Marshall Wace North America L.P. bought a new stake in Mueller Water Products in the 1st quarter valued at about $2,143,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Mueller Water Products by 2.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 570,091 shares of the industrial products company’s stock valued at $6,659,000 after purchasing an additional 14,170 shares during the period. BlackRock Inc. boosted its holdings in Mueller Water Products by 14,036.8% in the 1st quarter. BlackRock Inc. now owns 13,522,561 shares of the industrial products company’s stock valued at $159,837,000 after purchasing an additional 13,426,906 shares during the period. Greenwood Capital Associates LLC boosted its holdings in Mueller Water Products by 10.3% in the 2nd quarter. Greenwood Capital Associates LLC now owns 20,896 shares of the industrial products company’s stock valued at $244,000 after purchasing an additional 1,959 shares during the period. Finally, Chilton Investment Co. LLC boosted its holdings in Mueller Water Products by 1,814.8% in the 2nd quarter. Chilton Investment Co. LLC now owns 744,724 shares of the industrial products company’s stock valued at $8,698,000 after purchasing an additional 705,830 shares during the period. 84.72% of the stock is owned by hedge funds and other 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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