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

Mueller Water Products, Inc. (NYSE:MWA) has been assigned a consensus rating of “Hold” from the six research firms that are currently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $20.75.

MWA has been the topic of several analyst reports. Baird R W upgraded Mueller Water Products to a “hold” rating in a report on Wednesday, May 8th. StockNews.com lowered Mueller Water Products from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 22nd. Robert W. Baird upped their target price on Mueller Water Products from $18.00 to $24.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 8th. Oppenheimer upped their target price on Mueller Water Products from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 2nd. Finally, Royal Bank of Canada upped their target price on Mueller Water Products from $17.00 to $20.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 8th.

Insider Activity at Mueller Water Products

In related news, SVP Kenji Takeuchi sold 51,708 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $18.88, for a total value of $976,247.04. Following the completion of the sale, the senior vice president now directly owns 34,992 shares of the company’s stock, valued at approximately $660,648.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Mueller Water Products news, Director Brian C. Healy acquired 2,650 shares of Mueller Water Products stock in a transaction on Wednesday, May 15th. The stock was purchased at an average price of $19.18 per share, for a total transaction of $50,827.00. Following the purchase, the director now directly owns 2,650 shares of the company’s stock, valued at $50,827. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Kenji Takeuchi sold 51,708 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $18.88, for a total value of $976,247.04. Following the completion of the transaction, the senior vice president now owns 34,992 shares of the company’s stock, valued at approximately $660,648.96. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Pingora Partners LLC bought a new position in Mueller Water Products in the 4th quarter worth about $29,000. Daiwa Securities Group Inc. purchased a new position in shares of Mueller Water Products during the 1st quarter valued at about $46,000. International Assets Investment Management LLC raised its holdings in shares of Mueller Water Products by 1,340.0% during the 4th quarter. International Assets Investment Management LLC now owns 4,752 shares of the industrial products company’s stock valued at $68,000 after buying an additional 4,422 shares in the last quarter. Register Financial Advisors LLC bought a new position in Mueller Water Products during the 1st quarter worth approximately $80,000. Finally, Global Retirement Partners LLC grew its position in Mueller Water Products by 63.7% during the 4th quarter. Global Retirement Partners LLC now owns 6,962 shares of the industrial products company’s stock worth $97,000 after acquiring an additional 2,708 shares during the last quarter. Institutional investors own 91.68% of the company’s stock.

Mueller Water Products Stock Down 0.3 %

Shares of NYSE MWA opened at $19.71 on Monday. The company has a current ratio of 3.53, a quick ratio of 2.08 and a debt-to-equity ratio of 0.59. The company has a market cap of $3.07 billion, a price-to-earnings ratio of 30.80, a PEG ratio of 1.91 and a beta of 1.33. Mueller Water Products has a 12 month low of $12.11 and a 12 month high of $20.47. The stock has a 50-day moving average price of $18.38 and a two-hundred day moving average price of $16.38.

Mueller Water Products (NYSE:MWA) last issued its earnings results on Monday, May 6th. The industrial products company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.15 by $0.15. The firm 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 16.97% and a net margin of 8.10%. The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.14 earnings per share. As a group, analysts forecast that Mueller Water Products will post 0.86 earnings per share for the current fiscal year.

Mueller Water Products Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 20th. Investors of record on Friday, May 10th were given a $0.064 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend was Thursday, May 9th. Mueller Water Products’s payout ratio is currently 40.63%.

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.