Mueller Water Products (NYSE:MWA) Receives $30.00 Average Target Price from Analysts

Mueller Water Products (NYSE:MWA) has been assigned an average rating of “Hold” from the five analysts that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $30.00.

A number of analysts have recently commented on the company. Royal Bank Of Canada lifted their price target on Mueller Water Products from $30.00 to $31.00 and gave the company a “sector perform” rating in a research note on Thursday, May 7th. Barclays initiated coverage on Mueller Water Products in a research note on Tuesday, June 30th. They issued an “underweight” rating and a $25.00 price objective for the company. Wall Street Zen lowered shares of Mueller Water Products from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Weiss Ratings reissued a “buy (b)” rating on shares of Mueller Water Products in a report on Tuesday, May 19th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $29.00 target price on shares of Mueller Water Products in a report on Wednesday, May 6th.

Insider Buying and Selling at Mueller Water Products

In related news, Director Brian C. Healy acquired 1,183 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The stock was acquired at an average cost of $25.33 per share, for a total transaction of $29,965.39. Following the completion of the acquisition, the director directly owned 24,946 shares of the company’s stock, valued at approximately $631,882.18. This trade represents a 4.98% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Mueller Water Products

Institutional investors and hedge funds have recently made changes to their positions in the stock. Danske Bank A S lifted its stake in shares of Mueller Water Products by 266.7% in the fourth quarter. Danske Bank A S now owns 1,100 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 800 shares during the period. Strive Financial Group LLC acquired a new stake in Mueller Water Products during the 4th quarter valued at approximately $26,000. Smartleaf Asset Management LLC raised its holdings in Mueller Water Products by 47.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,323 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 423 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new position in shares of Mueller Water Products in the 4th quarter worth approximately $34,000. Finally, Steward Partners Investment Advisory LLC lifted its position in shares of Mueller Water Products by 44.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,517 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 469 shares during the period. Institutional investors and hedge funds own 91.68% of the company’s stock.

Mueller Water Products Stock Up 0.1%

Shares of NYSE:MWA opened at $24.85 on Monday. Mueller Water Products has a 52-week low of $22.74 and a 52-week high of $31.00. The company has a market capitalization of $3.89 billion, a PE ratio of 18.97, a price-to-earnings-growth ratio of 1.13 and a beta of 1.03. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.92 and a current ratio of 4.57. The company has a fifty day moving average of $25.46 and a 200-day moving average of $26.99.

Mueller Water Products (NYSE:MWA) last released its quarterly earnings data on Tuesday, April 21st. The industrial products company reported $2.16 earnings per share for the quarter. Mueller Water Products had a return on equity of 22.11% and a net margin of 14.17%.The company had revenue of $1.19 billion for the quarter. On average, equities analysts predict that Mueller Water Products will post 1.47 EPS for the current fiscal year.

Mueller Water Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Monday, May 11th were paid a $0.07 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $0.28 annualized dividend and a dividend yield of 1.1%. Mueller Water Products’s payout ratio is currently 21.37%.

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.