Mueller Water Products Inc. (NYSE:MWA) has received an average recommendation of “Buy” from the ten research firms that are presently covering the company. Four equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $11.90.

MWA has been the topic of a number of analyst reports. DA Davidson increased their price objective on Mueller Water Products from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Friday, August 5th. Zacks Investment Research lowered Mueller Water Products from a “hold” rating to a “sell” rating in a report on Wednesday, August 3rd. Finally, Northcoast Research raised Mueller Water Products from a “neutral” rating to a “buy” rating in a report on Wednesday, October 12th.

Hedge funds have recently made changes to their positions in the company. RS Investment Management Co. LLC purchased a new stake in shares of Mueller Water Products during the second quarter valued at $15,590,000. Capital Fund Management S.A. purchased a new stake in shares of Mueller Water Products during the second quarter valued at $750,000. State Street Corp raised its stake in shares of Mueller Water Products by 6.0% in the first quarter. State Street Corp now owns 2,866,175 shares of the company’s stock valued at $28,318,000 after buying an additional 163,171 shares during the last quarter. Manning & Napier Advisors LLC raised its stake in shares of Mueller Water Products by 77.4% in the second quarter. Manning & Napier Advisors LLC now owns 90,125 shares of the company’s stock valued at $1,028,000 after buying an additional 39,325 shares during the last quarter. Finally, Robecosam AG raised its stake in shares of Mueller Water Products by 7.1% in the first quarter. Robecosam AG now owns 741,598 shares of the company’s stock valued at $7,320,000 after buying an additional 48,967 shares during the last quarter. 84.06% of the stock is currently owned by institutional investors.

Shares of Mueller Water Products (NYSE:MWA) traded up 1.7676% during midday trading on Wednesday, reaching $13.7488. The company’s stock had a trading volume of 501,663 shares. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of 35.2533 and a beta of 1.43. Mueller Water Products has a 52-week low of $7.52 and a 52-week high of $13.77. The stock has a 50 day moving average price of $12.33 and a 200-day moving average price of $11.80.

Mueller Water Products (NYSE:MWA) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by $0.01. The company had revenue of $302.50 million for the quarter, compared to analyst estimates of $325.14 million. Mueller Water Products had a net margin of 5.61% and a return on equity of 21.13%. The business’s revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.14 EPS. Equities research analysts expect that Mueller Water Products will post $0.59 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 21st. Stockholders of record on Thursday, November 10th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.89%. The ex-dividend date was Tuesday, November 8th. Mueller Water Products’s payout ratio is presently 30.77%.

WARNING: This story was first posted by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are reading this story on another website, it was stolen and reposted in violation of US and international copyright & trademark laws. The correct version of this story can be accessed at https://www.thecerbatgem.com/2016/11/23/mueller-water-products-inc-mwa-given-consensus-rating-of-buy-by-brokerages.html.

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. 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.

5 Day Chart for NYSE:MWA

Receive News & Stock Ratings for Mueller Water Products Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mueller Water Products Inc. and related stocks with our FREE daily email newsletter.