Mueller Water Products, Inc. (MWA) Receives Average Recommendation of “Hold” from Analysts

Shares of Mueller Water Products, Inc. (NYSE:MWA) have earned a consensus rating of “Hold” from the nine analysts that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $13.60.

Several equities analysts have recently weighed in on the stock. Cowen reaffirmed a “sell” rating and set a $10.00 price target on shares of Mueller Water Products in a research note on Monday, April 2nd. Nomura decreased their price target on shares of 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. Boenning Scattergood cut shares of Mueller Water Products from an “outperform” rating to a “neutral” rating in a research note on Friday, February 2nd. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $15.00 price target on shares of Mueller Water Products in a research note on Thursday, December 28th. They noted that the move was a valuation call.

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Several large investors have recently added to or reduced their stakes in MWA. American International Group Inc. grew its stake in shares of Mueller Water Products by 8.1% in the third quarter. American International Group Inc. now owns 103,371 shares of the industrial products company’s stock valued at $1,323,000 after buying an additional 7,729 shares in the last quarter. TD Asset Management Inc. grew its stake in shares of Mueller Water Products by 5.3% in the third quarter. TD Asset Management Inc. now owns 92,900 shares of the industrial products company’s stock valued at $1,189,000 after buying an additional 4,700 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Mueller Water Products by 30.0% in the third quarter. Legal & General Group Plc now owns 66,848 shares of the industrial products company’s stock valued at $856,000 after buying an additional 15,423 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Mueller Water Products by 8.4% in the third quarter. JPMorgan Chase & Co. now owns 206,228 shares of the industrial products company’s stock valued at $2,656,000 after buying an additional 15,901 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of Mueller Water Products by 7.4% in the third quarter. Schwab Charles Investment Management Inc. now owns 930,649 shares of the industrial products company’s stock valued at $11,913,000 after buying an additional 64,086 shares in the last quarter. 87.21% of the stock is owned by institutional investors and hedge funds.

MWA stock traded up $0.10 during mid-day trading on Thursday, hitting $10.72. 338,702 shares of the company were exchanged, compared to its average volume of 1,068,664. The company has a debt-to-equity ratio of 0.89, a quick ratio of 4.68 and a current ratio of 6.19. The company has a market capitalization of $1,673.27, a P/E ratio of 24.30, a price-to-earnings-growth ratio of 1.29 and a beta of 1.19. Mueller Water Products has a 1-year low of $10.01 and a 1-year high of $12.99.

Mueller Water Products (NYSE:MWA) last announced its earnings results on Thursday, February 1st. The industrial products company reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. The firm had revenue of $178.30 million for the quarter, compared to the consensus estimate of $176.13 million. Mueller Water Products had a net margin of 20.51% and a return on equity of 15.25%. The business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the company posted $0.04 EPS. analysts forecast that Mueller Water Products will post 0.54 earnings per share for the current year.

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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.

Analyst Recommendations for Mueller Water Products (NYSE:MWA)

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