Shares of Mueller Water Products, Inc. (NYSE:MWA) have been given an average recommendation of “Hold” by the seven analysts that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $11.00.
Several equities analysts have issued reports on the company. Boenning Scattergood upgraded Mueller Water Products from a “neutral” rating to an “outperform” rating in a research report on Tuesday, August 6th. Oppenheimer set a $13.00 price target on Mueller Water Products and gave the stock a “buy” rating in a report on Thursday, September 26th. ValuEngine upgraded Mueller Water Products from a “sell” rating to a “hold” rating in a report on Friday, August 16th. Seaport Global Securities set a $12.00 price target on Mueller Water Products and gave the stock a “buy” rating in a report on Wednesday, August 7th. Finally, Zacks Investment Research cut Mueller Water Products from a “hold” rating to a “sell” rating in a report on Friday.
In related news, EVP Gregory Rogowski sold 85,839 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $10.06, for a total value of $863,540.34. Following the sale, the executive vice president now owns 425,473 shares of the company’s stock, valued at approximately $4,280,258.38. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.70% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of MWA. Clarus Wealth Advisors lifted its stake in shares of Mueller Water Products by 10.6% during the 3rd quarter. Clarus Wealth Advisors now owns 11,307 shares of the industrial products company’s stock worth $127,000 after purchasing an additional 1,085 shares during the period. CWM Advisors LLC lifted its stake in shares of Mueller Water Products by 14.1% during the 2nd quarter. CWM Advisors LLC now owns 18,367 shares of the industrial products company’s stock worth $180,000 after purchasing an additional 2,270 shares during the period. Fruth Investment Management lifted its stake in shares of Mueller Water Products by 14.7% during the 3rd quarter. Fruth Investment Management now owns 19,500 shares of the industrial products company’s stock worth $219,000 after purchasing an additional 2,500 shares during the period. Thompson Investment Management Inc. lifted its stake in shares of Mueller Water Products by 8.4% during the 2nd quarter. Thompson Investment Management Inc. now owns 34,825 shares of the industrial products company’s stock worth $342,000 after purchasing an additional 2,700 shares during the period. Finally, Stone Ridge Asset Management LLC lifted its stake in shares of Mueller Water Products by 15.9% during the 2nd quarter. Stone Ridge Asset Management LLC now owns 21,178 shares of the industrial products company’s stock worth $208,000 after purchasing an additional 2,900 shares during the period. 87.14% of the stock is currently owned by hedge funds and other institutional investors.
NYSE MWA traded up $0.07 on Friday, hitting $11.25. 13,366 shares of the company’s stock were exchanged, compared to its average volume of 772,300. The company has a debt-to-equity ratio of 0.79, a current ratio of 3.15 and a quick ratio of 2.00. The firm’s 50-day moving average price is $11.30 and its two-hundred day moving average price is $10.30. Mueller Water Products has a fifty-two week low of $8.47 and a fifty-two week high of $12.26. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 18.38, a P/E/G ratio of 1.21 and a beta of 1.00.
Mueller Water Products (NYSE:MWA) last released its earnings results on Tuesday, November 5th. The industrial products company reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.01). Mueller Water Products had a return on equity of 17.71% and a net margin of 6.59%. The business had revenue of $266.90 million for the quarter, compared to analyst estimates of $279.05 million. During the same quarter in the previous year, the firm posted $0.17 EPS. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, research analysts predict that Mueller Water Products will post 0.67 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Friday, November 8th will be issued a $0.052 dividend. This represents a $0.21 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend is Thursday, November 7th. Mueller Water Products’s dividend payout ratio is currently 34.43%.
About Mueller Water Products
Mueller Water Products, Inc manufactures and markets products and services for use in the transmission, distribution, and measurement of water in the United States, Canada, and internationally. It operates in two segments, Infrastructure and Technologies. The Infrastructure segment offers valves for water and gas systems, including butterfly, iron gate, tapping, check, knife, plug, automatic control, and ball valves; dry-barrel and wet-barrel fire hydrants; pipe repair products, such as clamps and couplings used to repair leaks under the Mueller and Jones brand names; and machines and tools for tapping, drilling, extracting, installing, and stopping-off.
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