Mueller Water Products (MWA) Receives $14.50 Consensus Target Price from Analysts
Shares of Mueller Water Products (NYSE:MWA) have been assigned a consensus recommendation of “Buy” from the eight ratings firms that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $14.50.
Several equities analysts recently issued reports on MWA shares. BidaskClub lowered Mueller Water Products from a “buy” rating to a “hold” rating in a research report on Friday, August 25th. Zacks Investment Research upgraded Mueller Water Products from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Oppenheimer Holdings, Inc. set a $13.00 price target on Mueller Water Products and gave the stock a “buy” rating in a research report on Monday, July 31st. Finally, CIBC restated a “buy” rating on shares of Mueller Water Products in a research report on Wednesday, May 10th.
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In other news, Director Shirley C. Franklin sold 9,156 shares of Mueller Water Products stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $11.40, for a total value of $104,378.40. Following the sale, the director now directly owns 39,157 shares in the company, valued at approximately $446,389.80. The sale was disclosed in a filing with the SEC, which is available through this link. 4.30% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the company. Blair William & Co. IL bought a new stake in shares of Mueller Water Products in the 1st quarter worth approximately $124,000. Bluestein R H & Co. purchased a new position in shares of Mueller Water Products in the 1st quarter valued at approximately $118,000. Nomura Holdings Inc. purchased a new position in shares of Mueller Water Products in the 1st quarter valued at approximately $125,000. BlueCrest Capital Management Ltd purchased a new position in shares of Mueller Water Products in the 1st quarter valued at approximately $133,000. Finally, Teza Capital Management LLC purchased a new position in shares of Mueller Water Products in the 1st quarter valued at approximately $136,000. Hedge funds and other institutional investors own 84.73% of the company’s stock.
Mueller Water Products (NYSE:MWA) traded up 1.58% on Wednesday, reaching $12.18. The company’s stock had a trading volume of 786,532 shares. The firm has a market cap of $1.93 billion, a PE ratio of 15.13 and a beta of 1.36. The stock’s 50 day moving average price is $11.71 and its 200 day moving average price is $11.72. Mueller Water Products has a 52-week low of $10.45 and a 52-week high of $14.20.
Mueller Water Products (NYSE:MWA) last announced its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. The firm had revenue of $232.20 million for the quarter, compared to analyst estimates of $235.07 million. Mueller Water Products had a return on equity of 16.85% and a net margin of 14.47%. The company’s revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.15 EPS. Equities research analysts expect that Mueller Water Products will post $0.44 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 21st. Stockholders of record on Friday, August 11th were given a $0.04 dividend. The ex-dividend date was Wednesday, August 9th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.31%. Mueller Water Products’s dividend payout ratio is currently 20.00%.
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 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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