Shares of Mueller Water Products, Inc. (NYSE:MWA) have received a consensus recommendation of “Hold” from the ten research firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $14.00.
Several equities research analysts have issued reports on MWA shares. Oppenheimer reissued an “outperform” rating and issued a $15.00 price objective on shares of Mueller Water Products in a research report on Thursday, December 28th. They noted that the move was a valuation call. Cowen cut shares of Mueller Water Products from a “market perform” rating to an “underperform” rating and set a $11.00 price objective for the company. in a research report on Friday, January 19th. Boenning Scattergood reissued a “buy” rating and issued a $14.00 price objective on shares of Mueller Water Products in a research report on Thursday, November 2nd. Nomura lowered their price objective on shares of Mueller Water Products from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, February 2nd. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $14.00 price target on shares of Mueller Water Products in a research report on Friday, November 10th.
In other Mueller Water Products news, CFO Evan Hart sold 49,883 shares of the company’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $12.28, for a total transaction of $612,563.24. Following the transaction, the chief financial officer now owns 145,530 shares in the company, valued at approximately $1,787,108.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gregory E. Hyland sold 142,243 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $12.37, for a total transaction of $1,759,545.91. Following the transaction, the insider now owns 979,481 shares in the company, valued at approximately $12,116,179.97. The disclosure for this sale can be found here. Insiders have sold 426,640 shares of company stock valued at $5,273,096 in the last three months. 3.00% of the stock is currently owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in MWA. Vanguard Capital Wealth Advisors purchased a new stake in Mueller Water Products during the fourth quarter worth $167,000. MetLife Investment Advisors LLC purchased a new stake in Mueller Water Products during the fourth quarter worth $820,000. Gotham Asset Management LLC boosted its holdings in Mueller Water Products by 10.7% during the fourth quarter. Gotham Asset Management LLC now owns 306,476 shares of the industrial products company’s stock worth $3,840,000 after buying an additional 29,629 shares in the last quarter. Verition Fund Management LLC purchased a new stake in Mueller Water Products during the fourth quarter worth $183,000. Finally, LPL Financial LLC purchased a new stake in Mueller Water Products during the fourth quarter worth $467,000. Hedge funds and other institutional investors own 83.18% of the company’s stock.
Mueller Water Products (NYSE MWA) traded up $0.03 during trading on Wednesday, reaching $11.21. 234,048 shares of the company’s stock traded hands, compared to its average volume of 1,242,663. The stock has a market cap of $1,782.81, a PE ratio of 10.57, a price-to-earnings-growth ratio of 1.65 and a beta of 1.20. The company has a debt-to-equity ratio of 0.89, a quick ratio of 4.68 and a current ratio of 6.19. Mueller Water Products has a 12 month low of $10.54 and a 12 month high of $12.99.
Mueller Water Products (NYSE:MWA) last released its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. The company had revenue of $178.30 million during the quarter, compared to analysts’ expectations of $176.13 million. Mueller Water Products had a net margin of 20.51% and a return on equity of 15.25%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.04 EPS. research analysts predict that Mueller Water Products will post 0.54 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, February 20th. Investors of record on Friday, February 9th were given a dividend of $0.05 per share. This is a boost from Mueller Water Products’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $0.20 dividend on an annualized basis and a yield of 1.78%. Mueller Water Products’s dividend payout ratio is presently 18.87%.
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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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