According to Zacks, “Mueller Water Products, Inc. manufactures and markets products and services that are used in the transmission and distribution of safe, clean drinking water and in water treatment facilities. Their broad product portfolio includes engineered valves, fire hydrants, pipe fittings, water meters and ductile iron pipe, which are used by municipalities, as well as the residential and non-residential construction industries. “
A number of other research analysts have also weighed in on MWA. Oppenheimer reissued a buy rating and set a $11.00 price target on shares of Mueller Water Products in a research note on Wednesday, August 5th. TheStreet raised Mueller Water Products from a c+ rating to a b- rating in a research report on Tuesday, September 1st. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $10.43.
Shares of Mueller Water Products stock opened at $11.04 on Friday. Mueller Water Products has a fifty-two week low of $6.64 and a fifty-two week high of $12.71. The firm has a market cap of $1.74 billion, a PE ratio of 20.83, a P/E/G ratio of 1.89 and a beta of 1.33. The business’s fifty day moving average is $10.78 and its two-hundred day moving average is $9.92. The company has a quick ratio of 2.44, a current ratio of 3.69 and a debt-to-equity ratio of 0.73.
Mueller Water Products (NYSE:MWA) last issued its quarterly earnings results on Wednesday, August 5th. The industrial products company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. Mueller Water Products had a return on equity of 14.01% and a net margin of 8.85%. The company had revenue of $228.50 million for the quarter, compared to analyst estimates of $210.65 million. Equities research analysts anticipate that Mueller Water Products will post 0.5 EPS for the current year.
In other news, Director Shirley C. Franklin sold 25,806 shares of the firm’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $11.11, for a total transaction of $286,704.66. Following the completion of the sale, the director now directly owns 77,719 shares in the company, valued at $863,458.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Marietta Edmunds Zakas sold 34,965 shares of the firm’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $11.31, for a total value of $395,454.15. Following the sale, the chief financial officer now owns 303,130 shares of the company’s stock, valued at $3,428,400.30. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.
Several institutional investors have recently made changes to their positions in the company. Nuance Investments LLC grew its stake in shares of Mueller Water Products by 88.0% during the second quarter. Nuance Investments LLC now owns 6,435,997 shares of the industrial products company’s stock valued at $60,691,000 after acquiring an additional 3,011,997 shares in the last quarter. FIL Ltd grew its stake in shares of Mueller Water Products by 12.0% during the second quarter. FIL Ltd now owns 3,491,258 shares of the industrial products company’s stock valued at $32,923,000 after acquiring an additional 374,615 shares in the last quarter. State Street Corp grew its stake in shares of Mueller Water Products by 2.1% during the first quarter. State Street Corp now owns 3,478,024 shares of the industrial products company’s stock valued at $27,859,000 after acquiring an additional 72,245 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Mueller Water Products by 7.3% during the first quarter. Geode Capital Management LLC now owns 2,188,159 shares of the industrial products company’s stock valued at $17,527,000 after acquiring an additional 149,205 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. grew its stake in shares of Mueller Water Products by 69.1% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 2,175,379 shares of the industrial products company’s stock valued at $21,840,000 after acquiring an additional 888,715 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.
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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