Shares of Mueller Water Products, Inc. (NYSE:MWA) have been given an average recommendation of “Buy” by the thirteen ratings firms that are covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $10.83.
Several equities research analysts recently issued reports on the company. Oppenheimer reiterated a “buy” rating and issued a $11.00 price objective on shares of Mueller Water Products in a report on Wednesday, August 5th. TheStreet upgraded Mueller Water Products from a “c+” rating to a “b-” rating in a report on Tuesday, September 1st. Finally, Zacks Investment Research upgraded Mueller Water Products from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Saturday.
MWA stock traded up $0.21 during midday trading on Monday, reaching $10.55. The stock had a trading volume of 1,305,110 shares, compared to its average volume of 937,776. The stock has a market cap of $1.66 billion, a PE ratio of 19.91, a P/E/G ratio of 2.27 and a beta of 1.38. The company has a debt-to-equity ratio of 0.73, a quick ratio of 2.44 and a current ratio of 3.69. The firm has a fifty day simple moving average of $10.81 and a two-hundred day simple moving average of $9.56. Mueller Water Products has a 52-week low of $6.64 and a 52-week high of $12.71.
Mueller Water Products (NYSE:MWA) last issued its earnings results on Wednesday, August 5th. The industrial products company reported $0.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.02. Mueller Water Products had a return on equity of 14.01% and a net margin of 8.85%. The company had revenue of $228.50 million during the quarter, compared to analyst estimates of $210.65 million. On average, sell-side analysts predict that Mueller Water Products will post 0.48 EPS for the current fiscal year.
In other Mueller Water Products news, Director Shirley C. Franklin sold 25,806 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $11.11, for a total value of $286,704.66. Following the sale, the director now owns 77,719 shares of the company’s stock, valued at $863,458.09. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Marietta Edmunds Zakas sold 34,965 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $11.31, for a total value of $395,454.15. Following the completion of the sale, 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. 1.60% of the stock is currently owned by insiders.
Several institutional investors have recently bought and sold shares of MWA. Nuance Investments LLC increased its position in shares of Mueller Water Products by 88.0% during the second quarter. Nuance Investments LLC now owns 6,435,997 shares of the industrial products company’s stock worth $60,691,000 after acquiring an additional 3,011,997 shares during the period. Handelsbanken Fonder AB purchased a new stake in shares of Mueller Water Products during the first quarter worth $9,612,000. Impax Asset Management Group plc grew its stake in shares of Mueller Water Products by 8.7% during the first quarter. Impax Asset Management Group plc now owns 11,628,376 shares of the industrial products company’s stock worth $93,143,000 after purchasing an additional 928,290 shares in the last quarter. Amundi Pioneer Asset Management Inc. grew its stake in shares of Mueller Water Products by 69.1% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 2,175,379 shares of the industrial products company’s stock worth $21,840,000 after purchasing an additional 888,715 shares in the last quarter. Finally, Speece Thorson Capital Group Inc. grew its stake in shares of Mueller Water Products by 37.9% during the second quarter. Speece Thorson Capital Group Inc. now owns 1,972,884 shares of the industrial products company’s stock worth $18,604,000 after purchasing an additional 542,660 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.
About Mueller Water Products
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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