Mueller Water Products (MWA) Rating Reiterated by Robert W. Baird

Robert W. Baird reaffirmed their hold rating on shares of Mueller Water Products (NYSE:MWA) in a report published on Friday. Robert W. Baird currently has a $14.00 price target on the industrial products company’s stock.

Other analysts have also issued reports about the company. Zacks Investment Research lowered Mueller Water Products from a hold rating to a sell rating in a research note on Friday, July 21st. Boenning Scattergood raised Mueller Water Products from a neutral rating to an outperform rating and set a $14.00 price objective on the stock in a research note on Tuesday, September 5th. Oppenheimer Holdings, Inc. set a $13.00 price objective on Mueller Water Products and gave the company a buy rating in a research note on Monday, July 31st. BidaskClub lowered Mueller Water Products from a buy rating to a hold rating in a research note on Friday, August 25th. Finally, Royal Bank Of Canada reaffirmed a buy rating and issued a $14.00 price objective on shares of Mueller Water Products in a research note on Wednesday, October 11th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $13.75.

Mueller Water Products (MWA) opened at $12.00 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 5.90 and a quick ratio of 4.63. Mueller Water Products has a 12-month low of $10.84 and a 12-month high of $14.20. The company has a market capitalization of $1,933.22, a price-to-earnings ratio of 28.35, a P/E/G ratio of 1.54 and a beta of 1.32.

Mueller Water Products (NYSE:MWA) last issued its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $0.15 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.15. Mueller Water Products had a return on equity of 15.83% and a net margin of 14.93%. The company had revenue of $226.90 million for the quarter, compared to analysts’ expectations of $227.14 million. During the same quarter last year, the business earned $0.17 earnings per share. Mueller Water Products’s revenue was up 5.2% on a year-over-year basis. analysts expect that Mueller Water Products will post 0.53 EPS for the current fiscal year.

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The company also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Friday, November 10th will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Thursday, November 9th. Mueller Water Products’s payout ratio is 21.05%.

In other news, CFO Evan Hart sold 50,000 shares of Mueller Water Products stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $12.10, for a total transaction of $605,000.00. Following the sale, the chief financial officer now directly owns 321,247 shares of the company’s stock, valued at $3,887,088.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.30% of the company’s stock.

Several institutional investors have recently bought and sold shares of MWA. UBS Asset Management Americas Inc. lifted its stake in shares of Mueller Water Products by 29.7% in the first quarter. UBS Asset Management Americas Inc. now owns 94,960 shares of the industrial products company’s stock worth $1,122,000 after acquiring an additional 21,750 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Mueller Water Products by 4.6% in the first quarter. Principal Financial Group Inc. now owns 218,421 shares of the industrial products company’s stock worth $2,581,000 after acquiring an additional 9,557 shares during the period. Wellington Management Group LLP lifted its stake in shares of Mueller Water Products by 30.9% in the first quarter. Wellington Management Group LLP now owns 232,160 shares of the industrial products company’s stock worth $2,744,000 after acquiring an additional 54,815 shares during the period. Teachers Advisors LLC lifted its stake in shares of Mueller Water Products by 2.6% in the first quarter. Teachers Advisors LLC now owns 268,638 shares of the industrial products company’s stock worth $3,175,000 after acquiring an additional 6,927 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of Mueller Water Products by 8.8% in the first quarter. Vanguard Group Inc. now owns 12,650,343 shares of the industrial products company’s stock worth $149,528,000 after acquiring an additional 1,017,949 shares during the period. 84.37% of the stock is currently owned by 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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