Mueller Water Products (NYSE:MWA)‘s stock had its “buy” rating reaffirmed by analysts at Boenning Scattergood in a research note issued on Thursday, November 2nd. They currently have a $14.00 price objective on the industrial products company’s stock. Boenning Scattergood’s price target would suggest a potential upside of 15.61% from the stock’s previous close.
The analysts wrote, “We rate MWA Outperform, with our $14 target reflecting a water infrastructure peer group average forward P/E of 25 times.””
Several other analysts also recently weighed in on MWA. Zacks Investment Research downgraded Mueller Water Products from a “hold” rating to a “sell” rating in a report on Friday, July 21st. Robert W. Baird reissued a “hold” rating and issued a $13.00 target price on shares of Mueller Water Products in a report on Friday, September 8th. Oppenheimer Holdings, Inc. set a $13.00 target price on Mueller Water Products and gave the company a “buy” rating in a report on Monday, July 31st. BidaskClub cut Mueller Water Products from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Finally, Cowen and Company restated a “hold” rating and issued a $12.00 price target on shares of Mueller Water Products in a research report on Thursday, September 21st. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Mueller Water Products currently has an average rating of “Buy” and an average price target of $13.75.
Mueller Water Products (NYSE MWA) traded up $0.18 during trading hours on Thursday, reaching $12.11. The company had a trading volume of 1,251,446 shares, compared to its average volume of 1,253,156. The stock has a market capitalization of $1,910.00, a price-to-earnings ratio of 27.70, a PEG ratio of 1.50 and a beta of 1.32. The company has a debt-to-equity ratio of 1.03, a quick ratio of 4.63 and a current ratio of 5.90. Mueller Water Products has a 52-week low of $10.84 and a 52-week high of $14.20.
Mueller Water Products (NYSE:MWA) last announced its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.15. The company had revenue of $226.90 million during the quarter, compared to the consensus estimate of $227.14 million. Mueller Water Products had a return on equity of 15.83% and a net margin of 14.93%. Mueller Water Products’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.17 EPS. equities analysts anticipate that Mueller Water Products will post 0.53 earnings per share for the current fiscal year.
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In other news, CFO Evan Hart sold 50,000 shares of the business’s stock in a transaction that occurred on 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 owns 321,247 shares of the company’s stock, valued at approximately $3,887,088.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.30% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of MWA. Belpointe Asset Management LLC purchased a new stake in Mueller Water Products in the 3rd quarter valued at approximately $131,000. BlueCrest Capital Management Ltd purchased a new stake in Mueller Water Products in the 1st quarter valued at approximately $133,000. Colony Group LLC purchased a new stake in Mueller Water Products in the 2nd quarter valued at approximately $135,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in Mueller Water Products in the 2nd quarter valued at approximately $140,000. Finally, HighTower Advisors LLC purchased a new stake in Mueller Water Products in the 1st quarter valued at approximately $143,000. 84.04% of the stock is currently 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.
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