Mueller Water Products, Inc. (NYSE:MWA) Given Average Rating of “Hold” by Analysts

Shares of Mueller Water Products, Inc. (NYSE:MWAGet Free Report) have been assigned a consensus recommendation of “Hold” from the six analysts that are covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $21.60.

A number of research firms have issued reports on MWA. Royal Bank of Canada raised their target price on Mueller Water Products from $20.00 to $23.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 7th. TD Cowen cut Mueller Water Products from a “buy” rating to a “hold” rating and raised their target price for the company from $19.00 to $20.00 in a research note on Friday, August 9th. StockNews.com upgraded Mueller Water Products from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Finally, Oppenheimer raised their target price on Mueller Water Products from $22.00 to $24.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th.

Get Our Latest Analysis on MWA

Mueller Water Products Stock Performance

Shares of MWA opened at $22.07 on Wednesday. The business’s fifty day moving average price is $21.14 and its 200 day moving average price is $19.19. Mueller Water Products has a 12-month low of $12.13 and a 12-month high of $23.12. The stock has a market capitalization of $3.44 billion, a PE ratio of 34.48, a price-to-earnings-growth ratio of 1.39 and a beta of 1.34. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.70 and a quick ratio of 2.31.

Mueller Water Products (NYSE:MWAGet Free Report) last announced its quarterly earnings data on Monday, August 5th. The industrial products company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.10. The firm had revenue of $356.70 million for the quarter, compared to analysts’ expectations of $329.67 million. Mueller Water Products had a return on equity of 19.46% and a net margin of 9.71%. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period last year, the business posted $0.18 earnings per share. Equities research analysts forecast that Mueller Water Products will post 0.93 EPS for the current year.

Insider Activity

In related news, insider J Scott Hall sold 135,253 shares of Mueller Water Products stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $20.34, for a total transaction of $2,751,046.02. Following the transaction, the insider now directly owns 544,029 shares of the company’s stock, valued at $11,065,549.86. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider J Scott Hall sold 135,253 shares of Mueller Water Products stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $20.34, for a total value of $2,751,046.02. Following the transaction, the insider now owns 544,029 shares of the company’s stock, valued at approximately $11,065,549.86. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Thomas J. Hansen sold 10,791 shares of Mueller Water Products stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $20.55, for a total value of $221,755.05. Following the completion of the transaction, the director now directly owns 102,792 shares in the company, valued at $2,112,375.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 256,869 shares of company stock valued at $5,141,842. Company insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On Mueller Water Products

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Mueller Water Products by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 15,003,366 shares of the industrial products company’s stock worth $216,048,000 after acquiring an additional 147,482 shares during the period. Quadrature Capital Ltd acquired a new stake in Mueller Water Products during the 4th quarter worth about $264,000. Register Financial Advisors LLC acquired a new stake in Mueller Water Products during the 1st quarter worth about $80,000. BNP Paribas Financial Markets boosted its position in Mueller Water Products by 12.6% during the 1st quarter. BNP Paribas Financial Markets now owns 193,595 shares of the industrial products company’s stock worth $3,115,000 after acquiring an additional 21,604 shares during the period. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Mueller Water Products by 17.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 76,409 shares of the industrial products company’s stock valued at $1,229,000 after buying an additional 11,463 shares during the last quarter. Hedge funds and other institutional investors own 91.68% of the company’s stock.

About Mueller Water Products

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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.

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