Mueller Water Products, Inc. (NYSE:MWA) – Equities research analysts at Boenning Scattergood lowered their Q2 2018 EPS estimates for Mueller Water Products in a research report issued to clients and investors on Friday, according to Zacks Investment Research. Boenning Scattergood analyst R. Connors now expects that the industrial products company will earn $0.08 per share for the quarter, down from their previous estimate of $0.10. Boenning Scattergood currently has a “Neutral” rating on the stock. Boenning Scattergood also issued estimates for Mueller Water Products’ Q1 2019 earnings at $0.06 EPS, Q2 2019 earnings at $0.11 EPS, Q3 2019 earnings at $0.22 EPS, Q4 2019 earnings at $0.21 EPS and FY2019 earnings at $0.60 EPS.
MWA has been the subject of several other research reports. Robert W. Baird restated a “hold” rating and issued a $14.00 target price on shares of Mueller Water Products in a research note on Friday, November 10th. Cowen downgraded Mueller Water Products from a “market perform” rating to an “underperform” rating and set a $11.00 target price for the company. in a research note on Friday, January 19th. Oppenheimer restated an “outperform” rating and issued a $15.00 target price on shares of Mueller Water Products in a research note on Thursday, December 28th. They noted that the move was a valuation call. Finally, Nomura cut their target price on Mueller Water Products from $17.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. Mueller Water Products has an average rating of “Hold” and a consensus price target of $13.88.
Mueller Water Products (NYSE:MWA) opened at $11.02 on Monday. Mueller Water Products has a 12 month low of $10.54 and a 12 month high of $12.99. The company has a quick ratio of 4.68, a current ratio of 6.19 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $1,744.71, a PE ratio of 10.40, a price-to-earnings-growth ratio of 1.61 and a beta of 1.20.
Mueller Water Products (NYSE:MWA) last announced its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. Mueller Water Products had a return on equity of 15.25% and a net margin of 20.51%. The company had revenue of $178.30 million during the quarter, compared to analyst estimates of $176.13 million. During the same quarter last year, the firm posted $0.04 EPS. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Friday, February 9th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend is Thursday, February 8th. This is an increase from Mueller Water Products’s previous quarterly dividend of $0.04. Mueller Water Products’s dividend payout ratio (DPR) is 18.87%.
In other news, CFO Evan Hart sold 100,000 shares of Mueller Water Products stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $12.47, for a total transaction of $1,247,000.00. Following the completion of the sale, the chief financial officer now owns 275,058 shares in the company, valued at approximately $3,429,973.26. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Gregory E. Hyland sold 50,000 shares of Mueller Water Products stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $12.27, for a total value of $613,500.00. Following the sale, the chairman now owns 979,481 shares of the company’s stock, valued at approximately $12,018,231.87. The disclosure for this sale can be found here. In the last quarter, insiders have sold 476,640 shares of company stock valued at $5,886,596. Corporate insiders own 3.00% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. lifted 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 worth $160,000 after buying an additional 266 shares during the last quarter. Amalgamated Bank lifted its position in Mueller Water Products by 2.6% in the 2nd quarter. Amalgamated Bank now owns 19,603 shares of the industrial products company’s stock worth $229,000 after buying an additional 500 shares during the last quarter. Highlander Capital Management LLC lifted its position in Mueller Water Products by 3.8% in the 2nd quarter. Highlander Capital Management LLC now owns 38,300 shares of the industrial products company’s stock worth $453,000 after buying an additional 1,400 shares during the last quarter. UBS Asset Management Americas Inc. lifted its position in Mueller Water Products by 4.5% in the 4th quarter. UBS Asset Management Americas Inc. now owns 106,033 shares of the industrial products company’s stock worth $1,329,000 after buying an additional 4,600 shares during the last quarter. Finally, TD Asset Management Inc. lifted its position in Mueller Water Products by 5.3% in the 3rd quarter. TD Asset Management Inc. now owns 92,900 shares of the industrial products company’s stock worth $1,189,000 after buying an additional 4,700 shares during the last quarter. Institutional investors own 83.61% of the company’s stock.
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About Mueller Water Products
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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