Mueller Water Products, Inc. (NYSE:MWA) has earned an average recommendation of “Hold” from the seven research firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $11.00.
A number of equities analysts have recently issued reports on the stock. Seaport Global Securities set a $12.00 price objective on shares of Mueller Water Products and gave the company a “buy” rating in a research note on Wednesday, August 7th. Zacks Investment Research cut shares of Mueller Water Products from a “buy” rating to a “hold” rating in a research note on Wednesday. ValuEngine upgraded shares of Mueller Water Products from a “sell” rating to a “hold” rating in a research note on Friday, August 16th. Goldman Sachs Group cut shares of Mueller Water Products from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $10.00 to $8.00 in a research note on Wednesday, June 26th. Finally, Boenning Scattergood upgraded shares of Mueller Water Products from a “neutral” rating to an “outperform” rating in a research note on Tuesday, August 6th.
In other news, Director Arsdell Stephen C. Van bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was acquired at an average price of $10.10 per share, for a total transaction of $101,000.00. Following the transaction, the director now directly owns 32,000 shares of the company’s stock, valued at approximately $323,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Gregory Rogowski sold 85,839 shares of the stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $10.06, for a total transaction 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 disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.
Several institutional investors have recently made changes to their positions in MWA. Geode Capital Management LLC increased its position in shares of Mueller Water Products by 6.3% during the 4th quarter. Geode Capital Management LLC now owns 1,644,458 shares of the industrial products company’s stock worth $14,964,000 after purchasing an additional 96,754 shares in the last quarter. FIL Ltd increased its position in shares of Mueller Water Products by 83.4% during the 1st quarter. FIL Ltd now owns 87,100 shares of the industrial products company’s stock worth $874,000 after purchasing an additional 39,600 shares in the last quarter. Belpointe Asset Management LLC acquired a new stake in shares of Mueller Water Products during the 1st quarter worth about $102,000. Marshall Wace North America L.P. grew its holdings in Mueller Water Products by 219.9% during the 1st quarter. Marshall Wace North America L.P. now owns 21,583 shares of the industrial products company’s stock worth $217,000 after acquiring an additional 14,836 shares during the last quarter. Finally, GYL Financial Synergies LLC bought a new stake in Mueller Water Products during the 1st quarter worth about $177,000. Institutional investors and hedge funds own 86.85% of the company’s stock.
NYSE:MWA traded up $0.01 during trading hours on Monday, hitting $11.47. 821,191 shares of the company traded hands, compared to its average volume of 799,649. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 21.64, a P/E/G ratio of 1.14 and a beta of 1.04. Mueller Water Products has a twelve month low of $8.47 and a twelve month high of $11.81. The firm has a 50-day moving average of $10.87 and a 200 day moving average of $10.19. The company has a current ratio of 3.15, a quick ratio of 2.00 and a debt-to-equity ratio of 0.79.
Mueller Water Products (NYSE:MWA) last announced its quarterly earnings data on Monday, August 5th. The industrial products company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.04. Mueller Water Products had a net margin of 5.09% and a return on equity of 17.10%. The company had revenue of $274.30 million during the quarter, compared to analysts’ expectations of $274.96 million. During the same quarter in the prior year, the company posted $0.19 EPS. The business’s revenue was up 9.6% on a year-over-year basis. Equities research analysts predict that Mueller Water Products will post 0.63 earnings per share for the current fiscal year.
Mueller Water Products Company Profile
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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