StockNews.com Downgrades Mueller Water Products (NYSE:MWA) to Buy

Mueller Water Products (NYSE:MWAGet Free Report) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Saturday.

MWA has been the topic of a number of other reports. Robert W. Baird boosted their target price on shares of Mueller Water Products from $18.00 to $24.00 and gave the stock a “neutral” rating in a report on Wednesday, May 8th. Baird R W raised Mueller Water Products to a “hold” rating in a research note on Wednesday, May 8th. Royal Bank of Canada raised their price objective on Mueller Water Products from $17.00 to $20.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 8th. Finally, Oppenheimer raised Mueller Water Products from a “market perform” rating to an “outperform” rating and set a $19.00 target price on the stock in a research report on Thursday, April 18th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $20.00.

Read Our Latest Research Report on Mueller Water Products

Mueller Water Products Price Performance

Shares of Mueller Water Products stock opened at $17.40 on Friday. The firm has a market cap of $2.71 billion, a PE ratio of 27.19, a PEG ratio of 1.83 and a beta of 1.33. The stock has a 50 day moving average of $17.55 and a 200 day moving average of $15.78. The company has a current ratio of 3.53, a quick ratio of 2.08 and a debt-to-equity ratio of 0.59. Mueller Water Products has a 12 month low of $12.11 and a 12 month high of $19.43.

Mueller Water Products (NYSE:MWAGet Free Report) last posted its earnings results on Monday, May 6th. The industrial products company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.15. Mueller Water Products had a return on equity of 16.97% and a net margin of 8.10%. The firm had revenue of $353.40 million during the quarter, compared to the consensus estimate of $299.62 million. During the same period in the prior year, the company earned $0.14 EPS. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. On average, research analysts expect that Mueller Water Products will post 0.79 EPS for the current fiscal year.

Insider Transactions at Mueller Water Products

In other Mueller Water Products news, Director Brian C. Healy bought 2,650 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was acquired at an average cost of $19.18 per share, for a total transaction of $50,827.00. Following the completion of the transaction, the director now owns 2,650 shares in the company, valued at $50,827. The acquisition was disclosed in a document filed with the SEC, which is available through this link. In other Mueller Water Products news, SVP Kenji Takeuchi sold 6,658 shares of the firm’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $19.09, for a total transaction of $127,101.22. Following the transaction, the senior vice president now directly owns 28,334 shares in the company, valued at approximately $540,896.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brian C. Healy acquired 2,650 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was acquired at an average cost of $19.18 per share, with a total value of $50,827.00. Following the completion of the purchase, the director now owns 2,650 shares of the company’s stock, valued at $50,827. The disclosure for this purchase can be found here. Company insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in MWA. PNC Financial Services Group Inc. boosted its stake in shares of Mueller Water Products by 23.4% during the third quarter. PNC Financial Services Group Inc. now owns 51,924 shares of the industrial products company’s stock valued at $658,000 after purchasing an additional 9,849 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Mueller Water Products by 31.4% in the 3rd quarter. Invesco Ltd. now owns 2,440,275 shares of the industrial products company’s stock valued at $30,943,000 after acquiring an additional 582,795 shares during the period. Dark Forest Capital Management LP bought a new position in shares of Mueller Water Products in the 3rd quarter worth $144,000. Northern Trust Corp raised its position in shares of Mueller Water Products by 0.4% in the 3rd quarter. Northern Trust Corp now owns 1,686,015 shares of the industrial products company’s stock worth $21,379,000 after acquiring an additional 6,872 shares in the last quarter. Finally, MQS Management LLC purchased a new stake in shares of Mueller Water Products during the 3rd quarter worth $213,000. Hedge funds and other institutional investors own 91.68% of the company’s stock.

About Mueller Water Products

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Mueller Water Products, Inc manufactures and markets products and services for the transmission, distribution, and measurement of water used by municipalities, and the residential and non-residential construction industries in the United States, Israel, and internationally. It operates in two segments, Water Flow Solutions and Water Management Solutions.

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