Analysts Set Mueller Water Products (NYSE:MWA) Price Target at $31.25

Shares of Mueller Water Products (NYSE:MWA) have earned a consensus recommendation of “Moderate Buy” from the four research firms that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $31.25.

MWA has been the topic of a number of research analyst reports. Oppenheimer reissued an “outperform” rating and issued a $32.00 price target (up from $30.00) on shares of Mueller Water Products in a report on Monday, February 9th. Weiss Ratings reissued a “buy (b)” rating on shares of Mueller Water Products in a report on Tuesday, May 19th. Robert W. Baird set a $33.00 price target on shares of Mueller Water Products in a report on Friday, February 6th. Royal Bank Of Canada increased their price target on shares of Mueller Water Products from $30.00 to $31.00 and gave the stock a “sector perform” rating in a report on Thursday, May 7th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $29.00 target price on shares of Mueller Water Products in a research report on Wednesday, May 6th.

Mueller Water Products Price Performance

Shares of NYSE:MWA opened at $25.02 on Friday. The company’s fifty day moving average price is $27.08 and its 200-day moving average price is $26.70. The firm has a market capitalization of $3.91 billion, a price-to-earnings ratio of 19.10, a PEG ratio of 1.14 and a beta of 1.03. Mueller Water Products has a one year low of $22.74 and a one year high of $31.00. The company has a debt-to-equity ratio of 0.42, a current ratio of 4.57 and a quick ratio of 2.92.

Mueller Water Products (NYSE:MWA) last issued its quarterly earnings results on Tuesday, April 21st. The industrial products company reported $2.16 EPS for the quarter. The firm had revenue of $1.19 billion for the quarter. Mueller Water Products had a net margin of 14.17% and a return on equity of 22.11%. On average, equities research analysts anticipate that Mueller Water Products will post 1.47 earnings per share for the current fiscal year.

Mueller Water Products Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Monday, May 11th were paid a $0.07 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $0.28 annualized dividend and a yield of 1.1%. Mueller Water Products’s dividend payout ratio is currently 21.37%.

Insider Activity at Mueller Water Products

In other news, Director Brian C. Healy bought 1,166 shares of the business’s stock in a transaction on Friday, May 15th. The stock was acquired at an average price of $25.75 per share, with a total value of $30,024.50. Following the completion of the purchase, the director directly owned 23,763 shares in the company, valued at $611,897.25. This represents a 5.16% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Todd P. Helms sold 10,720 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $27.61, for a total value of $295,979.20. Following the completion of the sale, the senior vice president directly owned 64,477 shares of the company’s stock, valued at approximately $1,780,209.97. This represents a 14.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is owned by corporate insiders.

Institutional Trading of Mueller Water Products

Several hedge funds and other institutional investors have recently bought and sold shares of MWA. Danske Bank A S boosted its stake in Mueller Water Products by 266.7% in the fourth quarter. Danske Bank A S now owns 1,100 shares of the industrial products company’s stock worth $26,000 after buying an additional 800 shares in the last quarter. Strive Financial Group LLC purchased a new stake in Mueller Water Products in the fourth quarter worth approximately $26,000. Smartleaf Asset Management LLC boosted its stake in Mueller Water Products by 47.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,323 shares of the industrial products company’s stock worth $32,000 after buying an additional 423 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new stake in Mueller Water Products in the fourth quarter worth approximately $34,000. Finally, Steward Partners Investment Advisory LLC lifted its position in Mueller Water Products by 44.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,517 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 469 shares during the last quarter. Hedge funds and other institutional investors own 91.68% of the company’s stock.

Mueller Water Products Company Profile

Mueller Water Products, Inc is a leading provider of water infrastructure and flow control products and services designed to help water utilities and municipalities manage, control and measure their water distribution systems. The company’s portfolio includes a comprehensive range of products such as fire hydrants, valves, pipe repair systems, fittings and couplings, along with advanced metering and monitoring solutions. By combining traditional mechanical components with digital technologies, Mueller Water Products addresses the critical need for reliable and sustainable water distribution across North America.

The company’s operations are organized around two primary business segments.