Shares of Mueller Water Products (NYSE:MWA) have been assigned a consensus rating of “Buy” from the nine research firms that are currently covering the stock. Four research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $12.88.
MWA has been the subject of a number of research reports. Northcoast Research upgraded shares of Mueller Water Products from a “neutral” rating to a “buy” rating in a research report on Wednesday, October 12th. Zacks Investment Research cut shares of Mueller Water Products from a “buy” rating to a “hold” rating in a research report on Thursday, January 12th. Finally, Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $15.00 target price (up previously from $13.00) on shares of Mueller Water Products in a research report on Monday, November 28th.
Mueller Water Products (NYSE:MWA) traded down 1.490% during mid-day trading on Friday, hitting $13.555. 206,610 shares of the stock traded hands. Mueller Water Products has a 12-month low of $7.60 and a 12-month high of $14.20. The firm’s 50-day moving average is $13.40 and its 200-day moving average is $12.53. The company has a market cap of $2.19 billion, a price-to-earnings ratio of 34.756 and a beta of 1.38.
Mueller Water Products (NYSE:MWA) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported $0.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.01. Mueller Water Products had a net margin of 5.61% and a return on equity of 20.57%. The company earned $302.50 million during the quarter, compared to analyst estimates of $325.14 million. During the same quarter last year, the business earned $0.14 EPS. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. Equities research analysts expect that Mueller Water Products will post $0.49 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 21st. Stockholders of record on Friday, February 10th will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Wednesday, February 8th. This is a positive change from Mueller Water Products’s previous quarterly dividend of $0.03. Mueller Water Products’s payout ratio is currently 30.77%.
Several institutional investors have recently bought and sold shares of the stock. AHL Partners LLP purchased a new position in Mueller Water Products during the second quarter worth $142,000. Paloma Partners Management Co bought a new stake in Mueller Water Products during the second quarter worth about $154,000. Advisor Group Inc. bought a new stake in Mueller Water Products during the second quarter worth about $156,000. Victory Capital Management Inc. increased its stake in Mueller Water Products by 156.3% in the second quarter. Victory Capital Management Inc. now owns 13,859 shares of the company’s stock worth $158,000 after buying an additional 8,452 shares during the last quarter. Finally, US Bancorp DE increased its stake in Mueller Water Products by 111.0% in the third quarter. US Bancorp DE now owns 12,906 shares of the company’s stock worth $162,000 after buying an additional 6,789 shares during the last quarter. 84.98% of the stock is owned by institutional investors and hedge funds.
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. The Company’s product portfolio includes engineered valves, fire hydrants, metering products and systems, leak detection and pipe condition assessment, which are used by municipalities, and residential and non-residential construction industries.