Mueller Water Products (NYSE:MWA) Receives $14.25 Consensus Price Target from Brokerages

Mueller Water Products (NYSE:MWA) has earned an average recommendation of “Buy” from the eight analysts that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $14.50.

MWA has been the topic of several analyst reports. Nomura initiated coverage on Mueller Water Products in a research note on Wednesday, April 12th. They issued a “buy” rating and a $15.00 target price on the stock. Zacks Investment Research downgraded Mueller Water Products from a “buy” rating to a “hold” rating in a research note on Tuesday, May 2nd. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $13.00 target price (down from $15.00) on shares of Mueller Water Products in a research note on Tuesday, May 2nd. CIBC reiterated a “buy” rating on shares of Mueller Water Products in a research note on Wednesday, May 10th. Finally, BidaskClub raised Mueller Water Products from a “hold” rating to a “buy” rating in a report on Friday, June 30th.

Mueller Water Products (MWA) opened at 12.13 on Tuesday. Mueller Water Products has a 52 week low of $10.45 and a 52 week high of $14.20. The stock has a 50 day moving average of $11.52 and a 200 day moving average of $11.92. The company has a market cap of $1.93 billion, a PE ratio of 16.37 and a beta of 1.37.

Mueller Water Products (NYSE:MWA) last announced its earnings results on Thursday, August 3rd. The industrial products company reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. Mueller Water Products had a return on equity of 17.17% and a net margin of 14.47%. The company had revenue of $232.20 million for the quarter, compared to the consensus estimate of $235.07 million. During the same period last year, the business posted $0.15 EPS. The company’s revenue was up 3.3% on a year-over-year basis. Equities research analysts predict that Mueller Water Products will post $0.45 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 21st. Stockholders of record on Friday, August 11th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $0.16 annualized dividend and a dividend yield of 1.32%. Mueller Water Products’s dividend payout ratio is currently 20.00%.

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In related news, Director Bernard G. Rethore sold 56,400 shares of Mueller Water Products stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $11.23, for a total transaction of $633,372.00. Following the completion of the transaction, the director now directly owns 27,303 shares of the company’s stock, valued at $306,612.69. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Shirley C. Franklin sold 9,156 shares of Mueller Water Products stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $11.40, for a total value of $104,378.40. Following the transaction, the director now directly owns 39,157 shares of the company’s stock, valued at $446,389.80. The disclosure for this sale can be found here. Insiders own 4.30% of the company’s stock.

A number of institutional investors have recently modified their holdings of MWA. Teacher Retirement System of Texas boosted its position in Mueller Water Products by 1.5% in the second quarter. Teacher Retirement System of Texas now owns 13,074 shares of the industrial products company’s stock worth $153,000 after buying an additional 191 shares during the period. O Shaughnessy Asset Management LLC boosted its position in Mueller Water Products by 0.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 80,965 shares of the industrial products company’s stock worth $957,000 after buying an additional 413 shares during the period. Worth Venture Partners LLC boosted its position in Mueller Water Products by 8.8% in the first quarter. Worth Venture Partners LLC now owns 14,061 shares of the industrial products company’s stock worth $166,000 after buying an additional 1,140 shares during the period. Intrust Bank NA boosted its position in Mueller Water Products by 6.5% in the first quarter. Intrust Bank NA now owns 21,823 shares of the industrial products company’s stock worth $258,000 after buying an additional 1,338 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its position in Mueller Water Products by 8.2% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 21,883 shares of the industrial products company’s stock worth $256,000 after buying an additional 1,651 shares during the period. 88.70% of the stock is owned by hedge funds and other institutional investors.

Mueller Water Products Company Profile

Mueller Water Products, Inc is a manufacturer and marketer of products and services used in the transmission, distribution and measurement of water in North America. The Company operates through three segments: Mueller Co, Anvil and Mueller Technologies. The Mueller Co segment manufactures valves for water and gas systems, and dry-barrel and wet-barrel fire hydrants.

Analyst Recommendations for Mueller Water Products (NYSE:MWA)

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