Mueller Water Products (MWA) Rating Reiterated by Robert W. Baird
Mueller Water Products (NYSE:MWA)‘s stock had its “hold” rating restated by equities researchers at Robert W. Baird in a research report issued on Wednesday. They presently have a $14.00 price target on the industrial products company’s stock. Robert W. Baird’s target price indicates a potential upside of 9.98% from the stock’s current price.
Several other equities research analysts have also recently weighed in on the company. Cowen and Company restated a “hold” rating and set a $12.00 target price on shares of Mueller Water Products in a report on Thursday, September 21st. Boenning Scattergood upgraded Mueller Water Products from a “neutral” rating to an “outperform” rating and set a $14.00 target price for the company in a research note on Tuesday, September 5th. BidaskClub cut Mueller Water Products from a “buy” rating to a “hold” rating in a research note on Friday, August 25th. Zacks Investment Research upgraded Mueller Water Products from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Finally, Oppenheimer Holdings, Inc. set a $13.00 price objective on Mueller Water Products and gave the company a “buy” rating in a research report on Monday, July 31st. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $13.88.
Shares of Mueller Water Products (MWA) opened at 12.73 on Wednesday. Mueller Water Products has a 1-year low of $10.45 and a 1-year high of $14.20. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of 15.81 and a beta of 1.29. The company has a 50-day moving average price of $12.21 and a 200 day moving average price of $11.72.
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. On average, equities research analysts predict that Mueller Water Products will post $0.44 EPS for the current year.
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Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Teacher Retirement System of Texas boosted its holdings in shares of Mueller Water Products by 1.5% in the second quarter. Teacher Retirement System of Texas now owns 13,074 shares of the industrial products company’s stock valued at $153,000 after purchasing an additional 191 shares during the period. Ameritas Investment Partners Inc. lifted its holdings in Mueller Water Products by 2.0% during the second quarter. Ameritas Investment Partners Inc. now owns 13,730 shares of the industrial products company’s stock worth $160,000 after buying an additional 266 shares during the period. Oppenheimer & Co. Inc. lifted its holdings in Mueller Water Products by 1.9% during the second quarter. Oppenheimer & Co. Inc. now owns 23,277 shares of the industrial products company’s stock worth $272,000 after buying an additional 424 shares during the period. Amalgamated Bank lifted its holdings in Mueller Water Products by 2.6% during the second quarter. Amalgamated Bank now owns 19,603 shares of the industrial products company’s stock worth $229,000 after buying an additional 500 shares during the period. Finally, Guyasuta Investment Advisors Inc. lifted its holdings in Mueller Water Products by 1.3% during the second quarter. Guyasuta Investment Advisors Inc. now owns 74,256 shares of the industrial products company’s stock worth $867,000 after buying an additional 940 shares during the period. 84.72% of the stock is currently owned by hedge funds and other institutional investors.
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.
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