Q3 2024 EPS Estimates for Mueller Water Products, Inc. (NYSE:MWA) Boosted by Seaport Res Ptn

Mueller Water Products, Inc. (NYSE:MWA) – Investment analysts at Seaport Res Ptn lifted their Q3 2024 earnings per share (EPS) estimates for shares of Mueller Water Products in a note issued to investors on Wednesday, May 8th. Seaport Res Ptn analyst W. Liptak now expects that the industrial products company will post earnings of $0.21 per share for the quarter, up from their previous forecast of $0.19. The consensus estimate for Mueller Water Products’ current full-year earnings is $0.69 per share. Seaport Res Ptn also issued estimates for Mueller Water Products’ FY2024 earnings at $0.82 EPS, Q1 2025 earnings at $0.17 EPS, Q2 2025 earnings at $0.28 EPS, Q3 2025 earnings at $0.24 EPS and FY2025 earnings at $0.90 EPS.

A number of other equities analysts also recently commented on the stock. The Goldman Sachs Group boosted their target price on shares of Mueller Water Products from $15.00 to $17.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 13th. Robert W. Baird upped their price objective on Mueller Water Products from $18.00 to $24.00 and gave the stock a “neutral” rating in a research report on Wednesday. Oppenheimer raised Mueller Water Products from a “market perform” rating to an “outperform” rating and set a $19.00 target price on the stock in a research report on Thursday, April 18th. Royal Bank of Canada upped their price target on Mueller Water Products from $17.00 to $20.00 and gave the company a “sector perform” rating in a report on Wednesday. Finally, StockNews.com raised shares of Mueller Water Products from a “hold” rating to a “buy” rating in a report on Thursday. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Mueller Water Products has an average rating of “Hold” and an average target price of $20.00.

Mueller Water Products Trading Up 1.6 %

Shares of NYSE:MWA opened at $19.16 on Thursday. Mueller Water Products has a 52 week low of $12.11 and a 52 week high of $19.17. The company’s 50 day moving average is $15.89 and its two-hundred day moving average is $14.61. The company has a market cap of $2.99 billion, a PE ratio of 29.94, a P/E/G ratio of 1.97 and a beta of 1.33. The company has a current ratio of 3.29, a quick ratio of 1.89 and a debt-to-equity ratio of 0.61.

Mueller Water Products (NYSE:MWA) last announced its quarterly earnings data on Monday, May 6th. The industrial products company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.15. The business had revenue of $353.40 million during the quarter, compared to the consensus estimate of $299.62 million. Mueller Water Products had a return on equity of 13.86% and a net margin of 6.35%. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.14 earnings per share.

Mueller Water Products Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Friday, May 10th will be paid a dividend of $0.064 per share. The ex-dividend date is Thursday, May 9th. This represents a $0.26 dividend on an annualized basis and a yield of 1.34%. Mueller Water Products’s dividend payout ratio is presently 39.06%.

Insiders Place Their Bets

In other news, Director Arsdell Stephen C. Van acquired 10,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was acquired at an average cost of $15.42 per share, with a total value of $154,200.00. Following the completion of the acquisition, the director now owns 80,603 shares of the company’s stock, valued at $1,242,898.26. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. In related news, COO Paul Mcandrew sold 23,000 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $15.02, for a total value of $345,460.00. Following the transaction, the chief operating officer now owns 6,701 shares in the company, valued at approximately $100,649.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Arsdell Stephen C. Van acquired 10,000 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were bought at an average cost of $15.42 per share, with a total value of $154,200.00. Following the completion of the transaction, the director now directly owns 80,603 shares in the company, valued at approximately $1,242,898.26. The disclosure for this purchase can be found here. Insiders have sold a total of 69,458 shares of company stock valued at $1,052,260 over the last quarter. Company insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Pingora Partners LLC acquired a new stake in shares of Mueller Water Products during the fourth quarter worth $29,000. Daiwa Securities Group Inc. purchased a new position in Mueller Water Products during the 1st quarter worth $46,000. International Assets Investment Management LLC lifted its stake in shares of Mueller Water Products by 1,340.0% in the 4th quarter. International Assets Investment Management LLC now owns 4,752 shares of the industrial products company’s stock worth $68,000 after acquiring an additional 4,422 shares during the period. Register Financial Advisors LLC purchased a new stake in shares of Mueller Water Products in the first quarter valued at about $80,000. Finally, TFO Wealth Partners LLC increased its stake in shares of Mueller Water Products by 345,700.0% during the fourth quarter. TFO Wealth Partners LLC now owns 6,916 shares of the industrial products company’s stock worth $100,000 after acquiring an additional 6,914 shares during the period. Institutional investors and hedge funds own 91.68% of the company’s stock.

Mueller Water Products Company Profile

Mueller Water Products, Inc manufactures and markets products and services for the transmission, distribution, and measurement of water used by municipalities, and the residential and non-residential construction industries in the United States, Israel, and internationally. It operates in two segments, Water Flow Solutions and Water Management Solutions.