Shares of Mueller Water Products, Inc. (NYSE:MWA) have been given a consensus rating of “Buy” by the thirteen research firms that are presently covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $10.83.
MWA has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Mueller Water Products from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Saturday. TheStreet upgraded shares of Mueller Water Products from a “c+” rating to a “b-” rating in a research report on Tuesday, September 1st. Finally, Oppenheimer restated a “buy” rating and set a $11.00 price objective on shares of Mueller Water Products in a report on Wednesday, August 5th.
Shares of NYSE:MWA traded up $0.21 during trading on Monday, hitting $10.55. 1,305,110 shares of the company’s stock were exchanged, compared to its average volume of 937,776. Mueller Water Products has a 1-year low of $6.64 and a 1-year high of $12.71. The firm has a 50-day moving average price of $10.81 and a two-hundred day moving average price of $9.56. The company has a current ratio of 3.69, a quick ratio of 2.44 and a debt-to-equity ratio of 0.73. The firm has a market cap of $1.66 billion, a P/E ratio of 19.91, a PEG ratio of 2.27 and a beta of 1.38.
Mueller Water Products (NYSE:MWA) last issued its quarterly earnings results on Wednesday, August 5th. The industrial products company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.09 by $0.02. Mueller Water Products had a net margin of 8.85% and a return on equity of 14.01%. The company had revenue of $228.50 million during the quarter, compared to analysts’ expectations of $210.65 million. As a group, research analysts predict that Mueller Water Products will post 0.48 EPS for the current year.
In other Mueller Water Products news, Director Shirley C. Franklin sold 25,806 shares of Mueller Water Products stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $11.11, for a total value of $286,704.66. Following the transaction, the director now owns 77,719 shares of the company’s stock, valued at $863,458.09. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Marietta Edmunds Zakas sold 34,965 shares of Mueller Water Products stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $11.31, for a total transaction of $395,454.15. Following the completion of the transaction, the chief financial officer now directly owns 303,130 shares in the company, valued at approximately $3,428,400.30. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Ellis Investment Partners LLC bought a new stake in shares of Mueller Water Products in the second quarter worth $26,000. Macquarie Group Ltd. bought a new stake in shares of Mueller Water Products in the second quarter worth $39,000. Creative Financial Designs Inc. ADV lifted its position in shares of Mueller Water Products by 141,300.0% in the second quarter. Creative Financial Designs Inc. ADV now owns 5,656 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 5,652 shares in the last quarter. HHM Wealth Advisors LLC bought a new stake in shares of Mueller Water Products in the first quarter worth $61,000. Finally, Clarus Wealth Advisors bought a new stake in shares of Mueller Water Products in the second quarter worth $93,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.
Mueller Water Products Company Profile
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 in two segments, Infrastructure and Technologies. The Infrastructure segment offers valves for water and gas systems, including butterfly, iron gate, 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; and machines and tools for tapping, drilling, extracting, installing, and stopping-off.
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