Mueller Water Products, Inc. (MWA) PT Lowered to $13.00

Mueller Water Products, Inc. (NYSE:MWA) had its target price cut by CIBC from $15.00 to $13.00 in a report issued on Wednesday, May 3rd. They currently have an outperform rating on the industrial products company’s stock.

Other research analysts have also recently issued research reports about the company. Nomura assumed coverage on Mueller Water Products in a research note on Wednesday, April 12th. They issued a buy rating and a $15.00 price objective on the stock. Royal Bank of Canada reissued a buy rating and issued a $15.00 price objective on shares of Mueller Water Products in a research note on Tuesday, March 14th. Zacks Investment Research raised Mueller Water Products from a sell rating to a hold rating in a research note on Tuesday, March 14th. Goldman Sachs Group Inc began coverage on Mueller Water Products in a research note on Wednesday, March 8th. They issued a buy rating and a $15.00 price objective on the stock. Finally, Oppenheimer Holdings Inc. reaffirmed an outperform rating and set a $13.00 target price (down previously from $15.00) on shares of Mueller Water Products in a research report on Tuesday, May 2nd. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $13.71.

Shares of Mueller Water Products (NYSE:MWA) traded up 1.763% during trading on Wednesday, reaching $11.255. The company’s stock had a trading volume of 805,118 shares. Mueller Water Products has a 52-week low of $10.33 and a 52-week high of $14.20. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 15.189 and a beta of 1.35. The stock’s 50 day moving average price is $11.61 and its 200-day moving average price is $12.55.

Mueller Water Products (NYSE:MWA) last announced its quarterly earnings data on Thursday, April 27th. The industrial products company reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. Mueller Water Products had a return on equity of 19.52% and a net margin of 6.06%. The company had revenue of $199.70 million for the quarter, compared to analysts’ expectations of $206 million. During the same quarter in the prior year, the firm earned $0.10 earnings per share. Mueller Water Products’s revenue was up 1.3% compared to the same quarter last year. Equities analysts anticipate that Mueller Water Products will post $0.45 EPS for the current year.

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The company also recently announced a quarterly dividend, which will be paid on Monday, May 22nd. Investors of record on Wednesday, May 10th will be paid a $0.04 dividend. The ex-dividend date is Monday, May 8th. This represents a $0.16 dividend on an annualized basis and a yield of 1.45%. Mueller Water Products’s dividend payout ratio (DPR) is 41.03%.

A number of large investors have recently made changes to their positions in the company. O Shaughnessy Asset Management LLC increased its stake in shares of Mueller Water Products by 0.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 80,965 shares of the industrial products company’s stock valued at $957,000 after buying an additional 413 shares in the last quarter. Greenwood Capital Associates LLC increased its stake in shares of Mueller Water Products by 3.1% in the fourth quarter. Greenwood Capital Associates LLC now owns 16,318 shares of the industrial products company’s stock valued at $217,000 after buying an additional 497 shares in the last quarter. Worth Venture Partners LLC increased its stake in shares of Mueller Water Products by 8.8% in the first quarter. Worth Venture Partners LLC now owns 14,061 shares of the industrial products company’s stock valued at $166,000 after buying an additional 1,140 shares in the last quarter. Intrust Bank NA boosted its stake in Mueller Water Products by 6.5% in the first quarter. Intrust Bank NA now owns 21,823 shares of the industrial products company’s stock worth $258,000 after buying an additional 1,338 shares during the period. Finally, National Planning Corp boosted its stake in Mueller Water Products by 9.8% in the fourth quarter. National Planning Corp now owns 21,944 shares of the industrial products company’s stock worth $297,000 after buying an additional 1,962 shares during the period. 84.26% of the stock is currently owned by institutional investors.

Mueller Water Products Company Profile

Mueller Water Products, Inc is a manufacturer and marketer of products and services used in the transmission, distribution and measurement of water in North America. The Company operates through three segments: Mueller Co, Anvil and Mueller Technologies. The Mueller Co segment manufactures valves for water and gas systems, and dry-barrel and wet-barrel fire hydrants.

5 Day Chart for NYSE:MWA

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