Q4 2024 EPS Estimates for Mueller Water Products, Inc. Cut by Analyst (NYSE:MWA)

Mueller Water Products, Inc. (NYSE:MWA) – Equities researchers at Seaport Res Ptn decreased their Q4 2024 earnings estimates for shares of Mueller Water Products in a research report issued to clients and investors on Wednesday, May 8th. Seaport Res Ptn analyst W. Liptak now forecasts that the industrial products company will post earnings per share of $0.19 for the quarter, down from their prior forecast of $0.21. The consensus estimate for Mueller Water Products’ current full-year earnings is $0.69 per share. Seaport Res Ptn also issued estimates for Mueller Water Products’ Q4 2025 earnings at $0.22 EPS.

A number of other equities analysts also recently issued reports on MWA. Royal Bank of Canada raised their price objective on Mueller Water Products from $17.00 to $20.00 and gave the stock a “sector perform” rating in a research report on Wednesday. StockNews.com upgraded shares of Mueller Water Products from a “hold” rating to a “buy” rating in a research report on Thursday. The Goldman Sachs Group increased their price objective on shares of Mueller Water Products from $15.00 to $17.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 13th. Robert W. Baird boosted their target price on shares of Mueller Water Products from $18.00 to $24.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Oppenheimer upgraded Mueller Water Products from a “market perform” rating to an “outperform” rating and set a $19.00 price target for the company in a report on Thursday, April 18th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $20.00.

Mueller Water Products Stock Up 0.6 %

Shares of MWA opened at $19.27 on Friday. The stock’s 50-day moving average price is $15.97 and its two-hundred day moving average price is $14.66. Mueller Water Products has a 12 month low of $12.11 and a 12 month high of $19.42. The company has a market capitalization of $3.01 billion, a PE ratio of 30.11, a PEG ratio of 2.01 and a beta of 1.33. The company has a current ratio of 3.29, a quick ratio of 1.89 and a debt-to-equity ratio of 0.61.

Mueller Water Products (NYSE:MWA) last released its quarterly earnings results on Monday, May 6th. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.15. Mueller Water Products had a net margin of 8.10% and a return on equity of 17.18%. The firm had revenue of $353.40 million during the quarter, compared to the consensus estimate of $299.62 million. During the same quarter last year, the firm earned $0.14 earnings per share. The company’s revenue for the quarter was up 6.2% on a year-over-year basis.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of MWA. Pingora Partners LLC bought a new stake in shares of Mueller Water Products during the 4th quarter worth $29,000. Daiwa Securities Group Inc. bought a new stake in Mueller Water Products in the first quarter worth about $46,000. International Assets Investment Management LLC boosted its stake in Mueller Water Products by 1,340.0% in the fourth quarter. International Assets Investment Management LLC now owns 4,752 shares of the industrial products company’s stock valued at $68,000 after acquiring an additional 4,422 shares during the last quarter. Register Financial Advisors LLC bought a new position in shares of Mueller Water Products during the 1st quarter valued at approximately $80,000. Finally, Global Retirement Partners LLC increased its stake in shares of Mueller Water Products by 63.7% during the 4th quarter. Global Retirement Partners LLC now owns 6,962 shares of the industrial products company’s stock worth $97,000 after purchasing an additional 2,708 shares during the last quarter. Hedge funds and other institutional investors own 91.68% of the company’s stock.

Insider Activity

In other news, CAO Suzanne G. Smith sold 2,800 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $15.09, for a total value of $42,252.00. Following the completion of the sale, the chief accounting officer now directly owns 3,208 shares in the company, valued at approximately $48,408.72. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Mueller Water Products news, SVP Kenji Takeuchi sold 6,658 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $15.62, for a total transaction of $103,997.96. Following the transaction, the senior vice president now directly owns 34,196 shares in the company, valued at approximately $534,141.52. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Suzanne G. Smith sold 2,800 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $15.09, for a total transaction of $42,252.00. Following the transaction, the chief accounting officer now owns 3,208 shares in the company, valued at $48,408.72. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 121,166 shares of company stock worth $2,028,507. Company insiders own 1.40% of the company’s stock.

Mueller Water Products Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Friday, May 10th will be paid a $0.064 dividend. This represents a $0.26 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Thursday, May 9th. Mueller Water Products’s dividend payout ratio (DPR) is currently 40.63%.

Mueller Water Products Company Profile

Mueller Water Products, Inc manufactures and markets products and services for the transmission, distribution, and measurement of water used by municipalities, and the residential and non-residential construction industries in the United States, Israel, and internationally. It operates in two segments, Water Flow Solutions and Water Management Solutions.