Press coverage about Mueller Water Products (NYSE:MWA) has trended somewhat positive on Tuesday, Accern Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Mueller Water Products earned a news sentiment score of 0.16 on Accern’s scale. Accern also assigned media headlines about the industrial products company an impact score of 41 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
A number of research firms recently weighed in on MWA. BidaskClub raised shares of Mueller Water Products from a “sell” rating to a “hold” rating in a report on Saturday, June 17th. Royal Bank Of Canada reissued a “buy” rating and set a $15.00 target price on shares of Mueller Water Products in a research note on Tuesday, March 14th. Zacks Investment Research raised shares of Mueller Water Products from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research note on Tuesday, April 11th. Goldman Sachs Group, Inc. (The) began coverage on shares of Mueller Water Products in a research note on Wednesday, March 8th. They set a “buy” rating and a $15.00 target price on the stock. Finally, Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of Mueller Water Products in a research note on Tuesday, May 9th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Mueller Water Products has a consensus rating of “Buy” and a consensus target price of $13.71.
Mueller Water Products (MWA) opened at 11.56 on Tuesday. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 15.60 and a beta of 1.34. Mueller Water Products has a 52-week low of $10.45 and a 52-week high of $14.20. The stock’s 50 day moving average is $11.24 and its 200 day moving average is $12.33.
Mueller Water Products (NYSE:MWA) last released its earnings results on Thursday, April 27th. The industrial products company reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09. Mueller Water Products had a return on equity of 18.45% and a net margin of 12.45%. The firm had revenue of $199.70 million for the quarter, compared to the consensus estimate of $206 million. During the same period in the prior year, the firm earned $0.10 EPS. The firm’s revenue was up 1.3% on a year-over-year basis. Equities research analysts forecast that Mueller Water Products will post $0.45 earnings per share for the current year.
In related news, Director Bernard G. Rethore sold 56,400 shares of the company’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $11.23, for a total value of $633,372.00. Following the transaction, the director now directly owns 27,303 shares of the company’s stock, valued at approximately $306,612.69. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Shirley C. Franklin sold 9,156 shares of the company’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $11.40, for a total value of $104,378.40. Following the completion of the transaction, the director now directly owns 39,157 shares in the company, valued at $446,389.80. The disclosure for this sale can be found here. 4.30% of the stock is owned by corporate insiders.
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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 two segments: Mueller Co 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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