Mueller Water Products (NYSE:MWA) Price Target Raised to $29.00 at Royal Bank Of Canada

Mueller Water Products (NYSE:MWA) had its price objective lifted by equities researchers at Royal Bank Of Canada from $27.00 to $29.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “sector perform” rating on the industrial products company’s stock. Royal Bank Of Canada’s price objective points to a potential upside of 0.17% from the company’s current price.

Separately, Robert W. Baird set a $33.00 price target on shares of Mueller Water Products in a research note on Friday. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $31.00.

Mueller Water Products Price Performance

NYSE MWA traded up $1.02 during trading hours on Friday, reaching $28.95. The company’s stock had a trading volume of 809,201 shares, compared to its average volume of 1,182,437. The firm has a market capitalization of $4.53 billion, a price-to-earnings ratio of 22.99, a P/E/G ratio of 1.30 and a beta of 1.17. Mueller Water Products has a 1-year low of $22.01 and a 1-year high of $29.16. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.54 and a quick ratio of 2.41. The company’s 50-day moving average is $25.37 and its two-hundred day moving average is $25.33.

Mueller Water Products (NYSE:MWA) last issued its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.27 by $0.02. The company had revenue of $318.20 million for the quarter, compared to analyst estimates of $315.26 million. Mueller Water Products had a return on equity of 22.89% and a net margin of 13.83%.Mueller Water Products’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period last year, the company earned $0.25 earnings per share. On average, equities analysts predict that Mueller Water Products will post 1.24 EPS for the current year.

Insiders Place Their Bets

In other Mueller Water Products news, Director Brian C. Healy bought 1,125 shares of Mueller Water Products stock in a transaction dated Wednesday, January 7th. The stock was acquired at an average cost of $24.41 per share, for a total transaction of $27,461.25. Following the completion of the transaction, the director directly owned 17,925 shares of the company’s stock, valued at approximately $437,549.25. This represents a 6.70% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Todd P. Helms sold 15,094 shares of the company’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $24.62, for a total transaction of $371,614.28. Following the sale, the senior vice president directly owned 85,917 shares of the company’s stock, valued at approximately $2,115,276.54. This represents a 14.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Invesco Ltd. increased its stake in Mueller Water Products by 19.4% during the 2nd quarter. Invesco Ltd. now owns 5,825,366 shares of the industrial products company’s stock worth $140,042,000 after buying an additional 945,258 shares during the period. First Trust Advisors LP grew its stake in Mueller Water Products by 66.1% during the 2nd quarter. First Trust Advisors LP now owns 5,535,000 shares of the industrial products company’s stock worth $133,061,000 after purchasing an additional 2,203,088 shares in the last quarter. Geode Capital Management LLC grew its stake in Mueller Water Products by 21.8% during the 2nd quarter. Geode Capital Management LLC now owns 4,449,896 shares of the industrial products company’s stock worth $106,987,000 after purchasing an additional 796,596 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Mueller Water Products by 1.2% during the 4th quarter. Principal Financial Group Inc. now owns 3,262,684 shares of the industrial products company’s stock worth $77,717,000 after purchasing an additional 37,148 shares during the period. Finally, American Century Companies Inc. raised its position in Mueller Water Products by 11.8% in the 3rd quarter. American Century Companies Inc. now owns 3,118,795 shares of the industrial products company’s stock valued at $79,592,000 after purchasing an additional 330,231 shares in the last quarter. 91.68% of the stock is currently owned by hedge funds and other institutional investors.

Mueller Water Products Company Profile

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.