Mueller Water Products (NYSE:MWA)‘s stock had its “hold” rating reaffirmed by Robert W. Baird in a note issued to investors on Friday, September 8th. They currently have a $13.00 price objective on the industrial products company’s stock. Robert W. Baird’s target price suggests a potential upside of 7.00% from the stock’s current price.
Other analysts have also recently issued reports about the stock. BidaskClub raised shares of Mueller Water Products from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Oppenheimer Holdings, Inc. set a $13.00 price target on shares of Mueller Water Products and gave the company a “buy” rating in a report on Monday, July 31st. Zacks Investment Research raised shares of Mueller Water Products from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Finally, Boenning Scattergood raised shares of Mueller Water Products from a “neutral” rating to an “outperform” rating and set a $14.00 target price on the stock in a report on Tuesday, September 5th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $13.88.
Mueller Water Products (NYSE:MWA) opened at 12.15 on Friday. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 15.09 and a beta of 1.36. Mueller Water Products has a 52-week low of $10.45 and a 52-week high of $14.20. The company has a 50-day moving average price of $11.91 and a 200 day moving average price of $11.68.
Mueller Water Products (NYSE:MWA) last posted its earnings results on Thursday, August 3rd. The industrial products company reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16. The business had revenue of $232.20 million for the quarter, compared to analysts’ expectations of $235.07 million. Mueller Water Products had a net margin of 14.47% and a return on equity of 16.85%. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.15 earnings per share. On average, analysts expect that Mueller Water Products will post $0.44 earnings per share for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. WFG Advisors LP grew its position in Mueller Water Products by 16.1% in the 2nd quarter. WFG Advisors LP now owns 51,342 shares of the industrial products company’s stock valued at $600,000 after buying an additional 7,133 shares in the last quarter. Colony Group LLC bought a new position in Mueller Water Products in the 2nd quarter valued at about $135,000. Koch Industries Inc. bought a new position in Mueller Water Products in the 2nd quarter valued at about $190,000. Robecosam AG bought a new position in Mueller Water Products in the 2nd quarter valued at about $4,357,000. Finally, Ameritas Investment Partners Inc. grew its position in Mueller Water Products by 2.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 13,730 shares of the industrial products company’s stock valued at $160,000 after buying an additional 266 shares in the last quarter. Hedge funds and other institutional investors own 84.72% of the company’s stock.
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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