Shares of Mueller Water Products, Inc. (NYSE:MWA) have been assigned a consensus rating of “Hold” from the ten analysts that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $13.25.
MWA has been the topic of a number of research analyst reports. Zacks Investment Research raised Mueller Water Products from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a report on Wednesday, July 11th. DA Davidson reissued a “neutral” rating on shares of Mueller Water Products in a report on Friday, July 20th. Oppenheimer reissued a “buy” rating and set a $14.00 price target on shares of Mueller Water Products in a report on Monday, August 6th. Seaport Global Securities lowered Mueller Water Products from a “buy” rating to a “neutral” rating and lowered their price target for the company from $15.00 to $12.50 in a report on Wednesday, August 8th. Finally, Nomura lowered their price target on Mueller Water Products from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Wednesday, September 12th.
A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in Mueller Water Products by 7.8% during the second quarter. BlackRock Inc. now owns 10,897,164 shares of the industrial products company’s stock valued at $127,714,000 after buying an additional 786,122 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Mueller Water Products by 1.1% during the second quarter. Dimensional Fund Advisors LP now owns 6,213,845 shares of the industrial products company’s stock valued at $72,826,000 after buying an additional 69,511 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Mueller Water Products by 5.9% during the second quarter. Wells Fargo & Company MN now owns 2,336,375 shares of the industrial products company’s stock valued at $27,382,000 after buying an additional 129,134 shares in the last quarter. Deprince Race & Zollo Inc. boosted its stake in Mueller Water Products by 5.3% during the second quarter. Deprince Race & Zollo Inc. now owns 2,290,158 shares of the industrial products company’s stock valued at $26,841,000 after buying an additional 115,516 shares in the last quarter. Finally, Royce & Associates LP boosted its stake in Mueller Water Products by 2.3% during the second quarter. Royce & Associates LP now owns 2,200,276 shares of the industrial products company’s stock valued at $25,787,000 after buying an additional 50,087 shares in the last quarter. 86.29% of the stock is owned by institutional investors and hedge funds.
Shares of MWA traded up $0.09 during trading hours on Monday, reaching $10.62. 1,881,265 shares of the company’s stock traded hands, compared to its average volume of 857,296. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 24.14, a price-to-earnings-growth ratio of 1.07 and a beta of 1.10. The company has a debt-to-equity ratio of 0.83, a quick ratio of 3.91 and a current ratio of 5.13. Mueller Water Products has a twelve month low of $9.59 and a twelve month high of $12.96.
Mueller Water Products (NYSE:MWA) last issued its quarterly earnings results on Monday, August 6th. The industrial products company reported $0.19 EPS for the quarter, meeting analysts’ consensus estimates of $0.19. The company had revenue of $250.20 million for the quarter, compared to analyst estimates of $246.01 million. Mueller Water Products had a return on equity of 15.67% and a net margin of 11.24%. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the company earned $0.16 earnings per share. Analysts forecast that Mueller Water Products will post 0.54 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 20th. Investors of record on Friday, November 9th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $0.20 annualized dividend and a yield of 1.88%. Mueller Water Products’s dividend payout ratio is currently 45.45%.
Mueller Water Products Company Profile
Mueller Water Products, Inc manufactures and markets products and services for use in the transmission, distribution, and measurement of water in the United States, Canada, and internationally. It operates through Infrastructure and Technologies segments. The Infrastructure segment offers valves for water and gas systems, including iron gate, butterfly, tapping, check, knife, plug, automatic control, and ball valves; dry-barrel and wet-barrel fire hydrants; pipe repair products, such as clamps and couplings used to repair leaks under the Mueller and Jones brand names; small valves, meter bars, and line stopper fittings for use in gas systems; and machines and tools for tapping, drilling, extracting, installing, and stopping-off.
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