Weekly Analysts’ Ratings Updates for Mueller Water Products (MWA)

Several analysts have recently updated their ratings and price targets for Mueller Water Products (NYSE: MWA):

  • 9/18/2018 – Mueller Water Products was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Mueller Water Products, Inc. manufactures and markets products and services that are used in the transmission and distribution of safe, clean drinking water and in water treatment facilities. Their broad product portfolio includes engineered valves, fire hydrants, pipe fittings, water meters and ductile iron pipe, which are used by municipalities, as well as the residential and non-residential construction industries. “
  • 9/12/2018 – Mueller Water Products was given a new $14.00 price target on by analysts at Oppenheimer Holdings Inc.. They now have a “buy” rating on the stock.
  • 9/12/2018 – Mueller Water Products had its price target lowered by analysts at Nomura from $15.00 to $14.00. They now have a “buy” rating on the stock.
  • 9/6/2018 – Mueller Water Products was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Mueller Water Products, Inc. manufactures and markets products and services that are used in the transmission and distribution of safe, clean drinking water and in water treatment facilities. Their broad product portfolio includes engineered valves, fire hydrants, pipe fittings, water meters and ductile iron pipe, which are used by municipalities, as well as the residential and non-residential construction industries. “
  • 8/25/2018 – Mueller Water Products was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Mueller Water Products, Inc. manufactures and markets products and services that are used in the transmission and distribution of safe, clean drinking water and in water treatment facilities. Their broad product portfolio includes engineered valves, fire hydrants, pipe fittings, water meters and ductile iron pipe, which are used by municipalities, as well as the residential and non-residential construction industries. “
  • 8/18/2018 – Mueller Water Products was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Mueller Water Products, Inc. manufactures and markets products and services that are used in the transmission and distribution of safe, clean drinking water and in water treatment facilities. Their broad product portfolio includes engineered valves, fire hydrants, pipe fittings, water meters and ductile iron pipe, which are used by municipalities, as well as the residential and non-residential construction industries. “
  • 8/9/2018 – Mueller Water Products was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Mueller Water Products, Inc. manufactures and markets products and services that are used in the transmission and distribution of safe, clean drinking water and in water treatment facilities. Their broad product portfolio includes engineered valves, fire hydrants, pipe fittings, water meters and ductile iron pipe, which are used by municipalities, as well as the residential and non-residential construction industries. “
  • 8/8/2018 – Mueller Water Products was downgraded by analysts at Seaport Global Securities from a “buy” rating to a “neutral” rating. They now have a $12.50 price target on the stock, down previously from $15.00.
  • 8/6/2018 – Mueller Water Products had its “buy” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $14.00 price target on the stock.

Mueller Water Products stock traded down $0.18 during trading hours on Tuesday, hitting $11.78. 34,404 shares of the stock were exchanged, compared to its average volume of 864,359. The company has a current ratio of 5.13, a quick ratio of 3.91 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 26.77, a P/E/G ratio of 1.47 and a beta of 1.08. Mueller Water Products, Inc. has a 12 month low of $9.59 and a 12 month high of $12.99.

Mueller Water Products (NYSE:MWA) last issued its quarterly earnings data on Monday, August 6th. The industrial products company reported $0.19 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.19. The firm had revenue of $250.20 million for the quarter, compared to analysts’ expectations of $246.01 million. Mueller Water Products had a net margin of 11.24% and a return on equity of 15.67%. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.16 earnings per share. equities research analysts predict that Mueller Water Products, Inc. will post 0.54 EPS for the current year.

A number of institutional investors have recently modified their holdings of MWA. Fortaleza Asset Management Inc. acquired a new position in shares of Mueller Water Products during the second quarter worth approximately $128,000. First Republic Investment Management Inc. acquired a new position in shares of Mueller Water Products during the first quarter worth approximately $126,000. Highbridge Capital Management LLC acquired a new position in shares of Mueller Water Products during the first quarter worth approximately $133,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Mueller Water Products during the second quarter worth approximately $157,000. Finally, Signaturefd LLC acquired a new position in shares of Mueller Water Products during the second quarter worth approximately $171,000. 86.29% of the stock is currently owned by hedge funds and other institutional investors.

Mueller Water Products, Inc manufactures and markets products and services for use in the transmission, distribution, and measurement of water in the United States, Canada, and internationally. It operates through Infrastructure and Technologies segments. The Infrastructure segment offers valves for water and gas systems, including iron gate, butterfly, tapping, check, knife, plug, automatic control, and ball valves; dry-barrel and wet-barrel fire hydrants; pipe repair products, such as clamps and couplings used to repair leaks under the Mueller and Jones brand names; small valves, meter bars, and line stopper fittings for use in gas systems; and machines and tools for tapping, drilling, extracting, installing, and stopping-off.

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