Mueller Water Products (NYSE:MWA) Stock Rating Upgraded by Wall Street Zen

Mueller Water Products (NYSE:MWA) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

MWA has been the subject of several other research reports. Royal Bank Of Canada raised their target price on Mueller Water Products from $30.00 to $31.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 7th. Weiss Ratings reissued a “buy (b)” rating on shares of Mueller Water Products in a research report on Tuesday, May 19th. The Goldman Sachs Group reissued a “neutral” rating and issued a $29.00 price objective on shares of Mueller Water Products in a research note on Wednesday, May 6th. Finally, Barclays started coverage on Mueller Water Products in a research report on Tuesday, June 30th. They set an “underweight” rating and a $25.00 price objective for the company. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Mueller Water Products has an average rating of “Hold” and an average price target of $30.00.

Mueller Water Products Trading Up 0.7%

Shares of NYSE:MWA opened at $25.06 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.92 and a current ratio of 4.57. The stock has a market capitalization of $3.92 billion, a price-to-earnings ratio of 19.13, a PEG ratio of 1.13 and a beta of 1.03. Mueller Water Products has a 1-year low of $22.74 and a 1-year high of $31.00. The company has a 50 day moving average price of $25.43 and a 200 day moving average price of $26.98.

Mueller Water Products (NYSE:MWA) last issued its quarterly earnings results on Tuesday, April 21st. The industrial products company reported $2.16 earnings per share for the quarter. The firm had revenue of $1.19 billion for the quarter. Mueller Water Products had a return on equity of 22.11% and a net margin of 14.17%. On average, research analysts anticipate that Mueller Water Products will post 1.47 EPS for the current fiscal year.

Insider Transactions at Mueller Water Products

In other Mueller Water Products news, Director Brian C. Healy acquired 1,183 shares of Mueller Water Products stock in a transaction that occurred on Tuesday, July 7th. The stock was acquired at an average price of $25.33 per share, with a total value of $29,965.39. Following the purchase, the director owned 24,946 shares in the company, valued at approximately $631,882.18. This trade represents a 4.98% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Danske Bank A S lifted its position in shares of Mueller Water Products by 266.7% during the 4th quarter. Danske Bank A S now owns 1,100 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 800 shares during the last quarter. Strive Financial Group LLC acquired a new stake in Mueller Water Products in the 4th quarter valued at approximately $26,000. Smartleaf Asset Management LLC grew its holdings in Mueller Water Products by 47.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,323 shares of the industrial products company’s stock valued at $32,000 after buying an additional 423 shares during the last quarter. Flagship Harbor Advisors LLC bought a new position in Mueller Water Products in the 4th quarter worth approximately $34,000. Finally, Steward Partners Investment Advisory LLC lifted its holdings in shares of Mueller Water Products by 44.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,517 shares of the industrial products company’s stock worth $36,000 after buying an additional 469 shares during the last quarter. 91.68% of the stock is owned by institutional investors.

About Mueller Water Products

Mueller Water Products, Inc is a leading provider of water infrastructure and flow control products and services designed to help water utilities and municipalities manage, control and measure their water distribution systems. The company’s portfolio includes a comprehensive range of products such as fire hydrants, valves, pipe repair systems, fittings and couplings, along with advanced metering and monitoring solutions. By combining traditional mechanical components with digital technologies, Mueller Water Products addresses the critical need for reliable and sustainable water distribution across North America.

The company’s operations are organized around two primary business segments.