MUELLER WATER PRODUCTS (MWA) Upgraded to “Buy” by BidaskClub

MUELLER WATER PRODUCTS (NYSE:MWA) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday, June 30th.

MWA has been the subject of a number of other research reports. Royal Bank Of Canada reaffirmed 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 shares of MUELLER WATER PRODUCTS from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research note on Tuesday, April 11th. Goldman Sachs Group, Inc. (The) initiated coverage on shares of MUELLER WATER PRODUCTS in a research note on Wednesday, March 8th. They issued a “buy” rating and a $15.00 price objective for the company. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of MUELLER WATER PRODUCTS in a research report on Tuesday, May 9th. Finally, CIBC reiterated an “outperform” rating and issued a $15.00 target price on shares of MUELLER WATER PRODUCTS in a research report on Friday, March 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $13.71.

Shares of MUELLER WATER PRODUCTS (NYSE:MWA) traded up 0.61% during mid-day trading on Friday, hitting $11.56. The stock had a trading volume of 730,668 shares. The firm has a market cap of $1.84 billion, a PE ratio of 15.60 and a beta of 1.38. MUELLER WATER PRODUCTS has a 52-week low of $10.45 and a 52-week high of $14.20. The firm has a 50 day moving average price of $11.47 and a 200 day moving average price of $11.95.

MUELLER WATER PRODUCTS (NYSE:MWA) last issued 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. MUELLER WATER PRODUCTS had a net margin of 12.45% and a return on equity of 18.45%. The firm had revenue of $199.70 million during the quarter, compared to analysts’ expectations of $206 million. During the same period last year, the firm posted $0.10 earnings per share. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. Equities analysts predict that MUELLER WATER PRODUCTS will post $0.45 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: This piece of content was first reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this piece of content on another publication, it was stolen and reposted in violation of US and international trademark and copyright legislation. The correct version of this piece of content can be viewed at https://www.chaffeybreeze.com/2017/07/30/mueller-water-products-mwa-upgraded-at-bidaskclub-updated-updated-updated.html.

In other MUELLER WATER PRODUCTS news, Director Bernard G. Rethore sold 56,400 shares of the business’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $11.23, for a total value of $633,372.00. Following the transaction, the director now directly owns 27,303 shares in the company, valued at $306,612.69. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Shirley C. Franklin sold 9,156 shares of the business’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $11.40, for a total transaction of $104,378.40. Following the completion of the transaction, the director now owns 39,157 shares in the company, valued at $446,389.80. The disclosure for this sale can be found here. 4.30% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its stake in MUELLER WATER PRODUCTS by 14,036.8% in the first quarter. BlackRock Inc. now owns 13,522,561 shares of the industrial products company’s stock worth $159,837,000 after buying an additional 13,426,906 shares during the period. Norges Bank acquired a new stake in MUELLER WATER PRODUCTS during the fourth quarter worth $51,312,000. Gamco Investors INC. ET AL increased its stake in MUELLER WATER PRODUCTS by 273.5% in the first quarter. Gamco Investors INC. ET AL now owns 5,103,980 shares of the industrial products company’s stock worth $60,329,000 after buying an additional 3,737,574 shares during the period. Vanguard Group Inc. increased its stake in MUELLER WATER PRODUCTS by 8.8% in the first quarter. Vanguard Group Inc. now owns 12,650,343 shares of the industrial products company’s stock worth $149,528,000 after buying an additional 1,017,949 shares during the period. Finally, Bank of America Corp DE increased its stake in MUELLER WATER PRODUCTS by 110.5% in the first quarter. Bank of America Corp DE now owns 1,603,860 shares of the industrial products company’s stock worth $18,958,000 after buying an additional 842,053 shares during the period. 87.33% of the stock is owned by institutional investors.

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.

Analyst Recommendations for MUELLER WATER PRODUCTS (NYSE:MWA)

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.

Latest News

Leave a Reply