Robert W. Baird restated their hold rating on shares of Mueller Water Products (NYSE:MWA) in a research report released on Friday. They currently have a $14.00 price target on the industrial products company’s stock.
Other equities analysts also recently issued reports about the company. Zacks Investment Research raised Mueller Water Products from a sell rating to a hold rating in a research report on Friday, August 4th. Oppenheimer Holdings, Inc. set a $13.00 price target on Mueller Water Products and gave the stock a buy rating in a research report on Monday, July 31st. Cowen and Company reaffirmed a hold rating and set a $12.00 price target on shares of Mueller Water Products in a research report on Thursday, September 21st. Boenning Scattergood reaffirmed a buy rating and set a $14.00 price target on shares of Mueller Water Products in a research report on Thursday, November 2nd. Finally, BidaskClub downgraded Mueller Water Products from a buy rating to a hold rating in a research report on Friday, August 25th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has an average rating of Buy and a consensus price target of $13.75.
Shares of Mueller Water Products (NYSE MWA) traded up $0.05 during trading hours on Friday, reaching $12.19. 1,020,900 shares of the company were exchanged, compared to its average volume of 1,011,198. The company has a market capitalization of $1,933.21, a P/E ratio of 28.35, a price-to-earnings-growth ratio of 1.54 and a beta of 1.32. Mueller Water Products has a 52 week low of $10.84 and a 52 week high of $14.20. The company has a quick ratio of 4.63, a current ratio of 5.90 and a debt-to-equity ratio of 1.03.
Mueller Water Products (NYSE:MWA) last issued its quarterly earnings data on Wednesday, November 1st. The industrial products company reported $0.15 EPS for the quarter, hitting analysts’ consensus estimates of $0.15. The company had revenue of $226.90 million during the quarter, compared to the consensus estimate of $227.14 million. Mueller Water Products had a net margin of 14.93% and a return on equity of 15.83%. Mueller Water Products’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.17 earnings per share. equities analysts anticipate that Mueller Water Products will post 0.53 earnings per share for the current fiscal year.
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The company also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Friday, November 10th will be given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend is Thursday, November 9th. Mueller Water Products’s payout ratio is 21.05%.
In related news, CFO Evan Hart sold 167,016 shares of the company’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $12.11, for a total value of $2,022,563.76. Following the transaction, the chief financial officer now directly owns 355,862 shares of the company’s stock, valued at approximately $4,309,488.82. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 4.30% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Colony Group LLC acquired a new position in shares of Mueller Water Products in the 2nd quarter valued at $135,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in shares of Mueller Water Products in the 2nd quarter valued at $140,000. HighTower Advisors LLC purchased a new stake in Mueller Water Products in the first quarter valued at $143,000. Teacher Retirement System of Texas boosted its holdings in Mueller Water Products by 1.5% in the second quarter. Teacher Retirement System of Texas now owns 13,074 shares of the industrial products company’s stock valued at $153,000 after purchasing an additional 191 shares during the last quarter. Finally, Ameritas Investment Partners Inc. boosted its holdings in Mueller Water Products by 2.0% in the second quarter. Ameritas Investment Partners Inc. now owns 13,730 shares of the industrial products company’s stock valued at $160,000 after purchasing an additional 266 shares during the last quarter. 84.05% of the stock is currently owned by hedge funds and other 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.
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