Mueller Water Products, Inc. (NYSE:MWA) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Mueller Water Products, Inc. (NYSE:MWA) have received a consensus rating of “Hold” from the six ratings firms that are presently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $20.75.

A number of research analysts recently issued reports on the company. Robert W. Baird raised their price target on Mueller Water Products from $18.00 to $24.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 8th. StockNews.com downgraded Mueller Water Products from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 22nd. Royal Bank of Canada lifted their target price 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. Baird R W upgraded Mueller Water Products to a “hold” rating in a research note on Wednesday, May 8th. Finally, Oppenheimer lifted their target price on Mueller Water Products from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Tuesday, July 2nd.

Insider Transactions at Mueller Water Products

In other news, SVP Kenji Takeuchi sold 6,658 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $19.09, for a total value of $127,101.22. Following the completion of the transaction, the senior vice president now directly owns 28,334 shares of the company’s stock, valued at $540,896.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, SVP Kenji Takeuchi sold 6,658 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $19.09, for a total value of $127,101.22. Following the completion of the transaction, the senior vice president now directly owns 28,334 shares of the company’s stock, valued at $540,896.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Brian C. Healy purchased 2,650 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was bought at an average cost of $19.18 per share, with a total value of $50,827.00. Following the completion of the acquisition, 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. Insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Mueller Water Products

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Personalized Indexing Management LLC grew its position in Mueller Water Products by 7.3% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 10,736 shares of the industrial products company’s stock valued at $155,000 after acquiring an additional 735 shares during the period. Canvas Wealth Advisors LLC boosted its position in shares of Mueller Water Products by 1.7% in the fourth quarter. Canvas Wealth Advisors LLC now owns 57,189 shares of the industrial products company’s stock worth $793,000 after buying an additional 963 shares during the period. Truist Financial Corp boosted its position in shares of Mueller Water Products by 6.0% in the fourth quarter. Truist Financial Corp now owns 28,977 shares of the industrial products company’s stock worth $417,000 after buying an additional 1,642 shares during the period. Pingora Partners LLC purchased a new stake in shares of Mueller Water Products in the fourth quarter worth about $29,000. Finally, ProShare Advisors LLC boosted its position in shares of Mueller Water Products by 8.5% in the first quarter. ProShare Advisors LLC now owns 27,904 shares of the industrial products company’s stock worth $449,000 after buying an additional 2,197 shares during the period. Hedge funds and other institutional investors own 91.68% of the company’s stock.

Mueller Water Products Trading Down 0.2 %

NYSE:MWA opened at $19.72 on Monday. The stock’s 50 day moving average price is $18.38 and its 200 day moving average price is $16.37. The company has a market capitalization of $3.07 billion, a PE ratio of 30.81, a P/E/G ratio of 1.94 and a beta of 1.33. The company has a quick ratio of 2.08, a current ratio of 3.53 and a debt-to-equity ratio of 0.59. Mueller Water Products has a 52-week low of $12.11 and a 52-week high of $20.47.

Mueller Water Products (NYSE:MWA) last released its quarterly earnings results on Monday, May 6th. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.15. The firm had revenue of $353.40 million for the quarter, compared to the consensus estimate of $299.62 million. Mueller Water Products had a return on equity of 16.97% and a net margin of 8.10%. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.14 EPS. On average, research analysts anticipate that Mueller Water Products will post 0.86 EPS for the current year.

Mueller Water Products Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, May 20th. Stockholders of record on Friday, May 10th were issued a $0.064 dividend. The ex-dividend date was Thursday, May 9th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.30%. Mueller Water Products’s dividend payout ratio (DPR) is 40.63%.

Mueller Water Products Company Profile

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.