Mueller Water Products, Inc. (MWA) Given Average Rating of “Buy” by Analysts

Mueller Water Products, Inc. (NYSE:MWA) has been given an average rating of “Buy” by the ten analysts that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $14.00.

A number of analysts have issued reports on the company. Oppenheimer reissued an “outperform” rating and issued a $15.00 price target on shares of Mueller Water Products in a research note on Thursday, December 28th. They noted that the move was a valuation call. Royal Bank of Canada reissued a “buy” rating and issued a $14.00 price target on shares of Mueller Water Products in a research note on Wednesday, October 11th. Robert W. Baird reissued a “hold” rating and issued a $14.00 price target on shares of Mueller Water Products in a research note on Wednesday, October 4th. Boenning Scattergood reissued a “buy” rating and issued a $14.00 price target on shares of Mueller Water Products in a research note on Thursday, November 2nd. Finally, Cowen lowered Mueller Water Products from a “market perform” rating to an “underperform” rating and set a $11.00 price target on the stock. in a research note on Friday, January 19th.

Mueller Water Products (NYSE:MWA) traded down $0.05 on Friday, hitting $11.79. The company had a trading volume of 900,023 shares, compared to its average volume of 995,115. The company has a current ratio of 4.73, a quick ratio of 3.75 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $1,877.12, a price-to-earnings ratio of 15.51, a P/E/G ratio of 1.45 and a beta of 1.33. Mueller Water Products has a fifty-two week low of $10.84 and a fifty-two week high of $14.02.

Mueller Water Products (NYSE:MWA) last posted its quarterly earnings data on Wednesday, November 1st. The industrial products company reported $0.15 EPS for the quarter, meeting analysts’ consensus estimates of $0.15. The business had revenue of $226.90 million for the quarter, compared to analyst estimates of $227.14 million. Mueller Water Products had a return on equity of 15.43% and a net margin of 14.93%. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.17 earnings per share. research analysts forecast that Mueller Water Products will post 0.54 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Friday, February 9th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.70%. This is an increase from Mueller Water Products’s previous quarterly dividend of $0.04. The ex-dividend date is Thursday, February 8th. Mueller Water Products’s dividend payout ratio (DPR) is 21.05%.

In other news, insider Gregory E. Hyland sold 84,514 shares of the firm’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $12.27, for a total value of $1,036,986.78. Following the transaction, the insider now directly owns 979,481 shares in the company, valued at approximately $12,018,231.87. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Evan Hart sold 49,883 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $12.28, for a total value of $612,563.24. Following the completion of the transaction, the chief financial officer now owns 145,530 shares in the company, valued at $1,787,108.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 693,656 shares of company stock worth $8,514,160. Company insiders own 3.00% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in MWA. Schwab Charles Investment Management Inc. raised its holdings in shares of Mueller Water Products by 8.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 866,563 shares of the industrial products company’s stock worth $10,122,000 after purchasing an additional 67,989 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Mueller Water Products by 59.0% during the 2nd quarter. Principal Financial Group Inc. now owns 347,391 shares of the industrial products company’s stock valued at $4,057,000 after buying an additional 128,970 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Mueller Water Products by 56.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 190,327 shares of the industrial products company’s stock valued at $2,223,000 after buying an additional 68,972 shares during the period. Teachers Advisors LLC raised its holdings in shares of Mueller Water Products by 3.1% during the 2nd quarter. Teachers Advisors LLC now owns 276,884 shares of the industrial products company’s stock valued at $3,234,000 after buying an additional 8,246 shares during the period. Finally, TIAA CREF Investment Management LLC raised its holdings in shares of Mueller Water Products by 14.1% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 799,895 shares of the industrial products company’s stock valued at $9,343,000 after buying an additional 98,711 shares during the period. Institutional investors own 84.01% of the company’s stock.

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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 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.

Analyst Recommendations for Mueller Water Products (NYSE:MWA)

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