Mueller Water Products (NYSE:MWA) Lifted to “Buy” at StockNews.com

StockNews.com upgraded shares of Mueller Water Products (NYSE:MWAGet Rating) from a hold rating to a buy rating in a report released on Wednesday morning.

Several other research analysts have also recently issued reports on the stock. TheStreet cut shares of Mueller Water Products from a b rating to a c+ rating in a report on Thursday, March 10th. Zacks Investment Research upgraded shares of Mueller Water Products from a sell rating to a hold rating in a research note on Wednesday, February 9th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of Hold and a consensus target price of $16.67.

MWA stock opened at $12.40 on Wednesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.10 and a current ratio of 3.15. Mueller Water Products has a 52 week low of $11.56 and a 52 week high of $17.37. The firm’s fifty day moving average is $12.61 and its 200 day moving average is $13.53. The firm has a market cap of $1.95 billion, a P/E ratio of 25.83, a P/E/G ratio of 1.53 and a beta of 1.32.

Mueller Water Products (NYSE:MWAGet Rating) last announced its quarterly earnings results on Monday, May 2nd. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. Mueller Water Products had a net margin of 6.38% and a return on equity of 13.67%. During the same period last year, the firm posted $0.14 EPS. As a group, analysts forecast that Mueller Water Products will post 0.66 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, May 20th. Stockholders of record on Tuesday, May 10th will be issued a $0.058 dividend. This represents a $0.23 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date is Monday, May 9th. Mueller Water Products’s dividend payout ratio is currently 47.92%.

In other Mueller Water Products news, Director Shirley C. Franklin sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, February 11th. The shares were sold at an average price of $13.04, for a total transaction of $65,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.50% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bessemer Group Inc. purchased a new position in shares of Mueller Water Products during the 4th quarter worth $29,000. Baystate Wealth Management LLC purchased a new stake in Mueller Water Products in the 4th quarter valued at about $45,000. National Bank of Canada FI purchased a new stake in Mueller Water Products in the 4th quarter valued at about $54,000. USA Financial Portformulas Corp purchased a new stake in Mueller Water Products in the 3rd quarter valued at about $58,000. Finally, Kepos Capital LP purchased a new stake in Mueller Water Products in the 4th quarter valued at about $78,000. Institutional investors and hedge funds own 88.55% of the company’s stock.

Mueller Water Products Company Profile (Get Rating)

Mueller Water Products Inc manufactures and markets products and services used in the transmission, distribution, and measurement of water in North America and internationally. Its products and services are used by municipalities, and the residential and non-residential construction industries. It operates through two segments, Infrastructure and Technologies.

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