Mueller Water Products’ (MWA) Hold Rating Reiterated at Robert W. Baird
Robert W. Baird reaffirmed their hold rating on shares of Mueller Water Products (NYSE:MWA) in a research report released on Friday. Robert W. Baird currently has a $14.00 target price on the industrial products company’s stock.
Several other equities research analysts have also recently issued reports on MWA. Zacks Investment Research cut shares of Mueller Water Products from a hold rating to a sell rating in a research report on Friday, July 21st. Oppenheimer Holdings, Inc. set a $13.00 target price on shares of Mueller Water Products and gave the stock a buy rating in a research note on Monday, July 31st. BidaskClub raised shares of Mueller Water Products from a hold rating to a buy rating in a research note on Thursday, August 3rd. Boenning Scattergood raised shares of 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. Finally, Cowen and Company reaffirmed a hold rating and set a $12.00 target price on shares of Mueller Water Products in a research note on Thursday, September 21st. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Mueller Water Products currently has a consensus rating of Buy and a consensus target price of $13.75.
Shares of Mueller Water Products (NYSE MWA) opened at $12.19 on Friday. Mueller Water Products has a 12-month low of $10.84 and a 12-month high of $14.20. The stock has a market cap of $1,933.22, a PE ratio of 28.35, a P/E/G ratio of 1.54 and a beta of 1.32. The company has a debt-to-equity ratio of 1.03, a quick ratio of 4.63 and a current ratio of 5.90.
Mueller Water Products (NYSE:MWA) last released its quarterly earnings data on Wednesday, November 1st. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.15. Mueller Water Products had a net margin of 14.93% and a return on equity of 15.83%. The firm had revenue of $226.90 million during the quarter, compared to analysts’ expectations of $227.14 million. During the same period last year, the business earned $0.17 earnings per share. Mueller Water Products’s revenue was up 5.2% compared to the same quarter last year. analysts predict that Mueller Water Products will post 0.53 EPS for the current year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Friday, November 10th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Thursday, November 9th. Mueller Water Products’s payout ratio is 21.05%.
In other news, CFO Evan Hart sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $12.10, for a total value of $605,000.00. Following the completion of the transaction, the chief financial officer now owns 321,247 shares of the company’s stock, valued at $3,887,088.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 4.30% of the company’s stock.
A number of institutional investors have recently modified their holdings of MWA. BlackRock Inc. lifted its stake in Mueller Water Products by 14,036.8% in the first quarter. BlackRock Inc. now owns 13,522,561 shares of the industrial products company’s stock worth $159,837,000 after acquiring an additional 13,426,906 shares during the last quarter. Pictet Asset Management Ltd. raised its holdings in Mueller Water Products by 92.8% during the second quarter. Pictet Asset Management Ltd. now owns 4,436,586 shares of the industrial products company’s stock worth $49,601,000 after purchasing an additional 2,135,336 shares in the last quarter. Gamco Investors INC. ET AL raised its holdings in Mueller Water Products by 32.4% during the second quarter. Gamco Investors INC. ET AL now owns 6,758,490 shares of the industrial products company’s stock worth $78,939,000 after purchasing an additional 1,654,510 shares in the last quarter. Earnest Partners LLC raised its holdings in Mueller Water Products by 18.2% during the second quarter. Earnest Partners LLC now owns 8,136,500 shares of the industrial products company’s stock worth $95,034,000 after purchasing an additional 1,251,546 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Mueller Water Products by 8.8% during the first quarter. Vanguard Group Inc. now owns 12,650,343 shares of the industrial products company’s stock worth $149,528,000 after purchasing an additional 1,017,949 shares in the last quarter. Institutional investors own 84.37% of the company’s stock.
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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