Shares of Mueller Water Products (NYSE:MWA) have earned a consensus recommendation of “Buy” from the ten research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $14.25.
A number of equities analysts have recently weighed in on MWA shares. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of Mueller Water Products in a research note on Tuesday, May 9th. Nomura started coverage on Mueller Water Products in a research report on Wednesday, April 12th. They set a “buy” rating and a $15.00 price target on the stock. Zacks Investment Research raised Mueller Water Products from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research report on Tuesday, April 11th. CIBC reissued a “buy” rating on shares of Mueller Water Products in a research report on Wednesday, May 10th. Finally, Goldman Sachs Group, Inc. (The) assumed coverage on Mueller Water Products in a research report on Wednesday, March 8th. They set a “buy” rating and a $15.00 price target on the stock.
In related news, Director Bernard G. Rethore sold 56,400 shares of the firm’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $11.23, for a total transaction of $633,372.00. Following the sale, the director now owns 27,303 shares of the company’s stock, valued at approximately $306,612.69. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Shirley C. Franklin sold 9,156 shares of the firm’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $11.40, for a total value of $104,378.40. Following the sale, the director now directly owns 39,157 shares in the company, valued at approximately $446,389.80. The disclosure for this sale can be found here. Company insiders own 4.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in MWA. Norges Bank bought a new position in shares of Mueller Water Products during the fourth quarter valued at about $51,312,000. Tudor Investment Corp Et Al bought a new position in shares of Mueller Water Products during the fourth quarter valued at about $179,000. Daiwa Securities Group Inc. bought a new position in shares of Mueller Water Products during the first quarter valued at about $1,297,000. State Street Corp raised its position in shares of Mueller Water Products by 2.2% in the fourth quarter. State Street Corp now owns 2,952,910 shares of the industrial products company’s stock valued at $39,303,000 after buying an additional 63,829 shares in the last quarter. Finally, Russell Investments Group Ltd. bought a new position in shares of Mueller Water Products during the fourth quarter valued at about $672,000. 87.35% of the stock is owned by institutional investors and hedge funds.
Mueller Water Products (MWA) traded up 0.44% during trading on Monday, reaching $11.47. The company’s stock had a trading volume of 3,081,720 shares. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of 15.48 and a beta of 1.34. The stock’s 50-day moving average is $11.23 and its 200 day moving average is $12.37. Mueller Water Products has a 52-week low of $10.45 and a 52-week high of $14.20.
Mueller Water Products (NYSE:MWA) last announced its earnings results on Thursday, April 27th. The industrial products company reported $0.09 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.09. The company had revenue of $199.70 million for the quarter, compared to analyst estimates of $206 million. Mueller Water Products had a return on equity of 18.45% and a net margin of 12.45%. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.10 earnings per share. On average, analysts predict that Mueller Water Products will post $0.45 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, May 22nd. Investors of record on Wednesday, May 10th were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.39%. The ex-dividend date was Monday, May 8th. Mueller Water Products’s dividend payout ratio (DPR) is 21.62%.
About Mueller Water Products
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.
Receive News & Ratings for Mueller Water Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mueller Water Products and related companies with MarketBeat.com's FREE daily email newsletter.