Mueller Water Products (NYSE:MWA) has earned an average recommendation of “Buy” from the ten ratings firms that are covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $13.86.

A number of brokerages have recently commented on MWA. Robert W. Baird reaffirmed a “hold” rating and issued a $14.00 price objective on shares of Mueller Water Products in a research report on Friday, November 10th. Cowen reaffirmed a “hold” rating and issued a $12.00 price objective on shares of Mueller Water Products in a research report on Thursday, September 21st. Royal Bank of Canada reaffirmed a “buy” rating and issued a $14.00 price objective on shares of Mueller Water Products in a research report on Wednesday, October 11th. Boenning Scattergood reaffirmed a “buy” rating and issued a $14.00 price objective on shares of Mueller Water Products in a research report on Thursday, November 2nd. Finally, BidaskClub downgraded Mueller Water Products from a “buy” rating to a “hold” rating in a research report on Friday, August 25th.

Shares of Mueller Water Products (NYSE MWA) traded down $0.05 during trading hours on Friday, hitting $12.30. The stock had a trading volume of 1,210,704 shares, compared to its average volume of 1,236,805. The stock has a market capitalization of $1,940.00, a P/E ratio of 28.72, a P/E/G ratio of 1.56 and a beta of 1.33. The company has a debt-to-equity ratio of 0.97, a quick ratio of 3.75 and a current ratio of 4.73. Mueller Water Products has a twelve month low of $10.84 and a twelve month high of $14.15.

Mueller Water Products (NYSE:MWA) last announced its quarterly earnings data on Wednesday, November 1st. The industrial products company reported $0.15 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.15. The business had revenue of $226.90 million during the quarter, compared to the consensus estimate of $227.14 million. Mueller Water Products had a return on equity of 15.43% and a net margin of 14.93%. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.17 earnings per share. research analysts forecast that Mueller Water Products will post 0.53 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Friday, November 10th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend was Thursday, November 9th. Mueller Water Products’s payout ratio is currently 47.06%.

In related news, insider Gregory E. Hyland sold 142,243 shares of Mueller Water Products stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $12.37, for a total value of $1,759,545.91. Following the transaction, the insider now owns 979,481 shares in the company, valued at $12,116,179.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Evan Hart sold 50,000 shares of Mueller Water Products stock in a transaction 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 in the company, valued at approximately $3,887,088.70. The disclosure for this sale can be found here. Insiders sold 693,656 shares of company stock worth $8,514,160 in the last quarter. 4.30% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of MWA. Teachers Advisors LLC lifted its stake in shares of Mueller Water Products by 2.6% during the first quarter. Teachers Advisors LLC now owns 268,638 shares of the industrial products company’s stock worth $3,175,000 after purchasing an additional 6,927 shares in the last quarter. Aperio Group LLC lifted its stake in shares of Mueller Water Products by 12.0% during the second quarter. Aperio Group LLC now owns 59,678 shares of the industrial products company’s stock worth $697,000 after purchasing an additional 6,397 shares in the last quarter. TD Asset Management Inc. lifted its stake in shares of Mueller Water Products by 10.0% during the second quarter. TD Asset Management Inc. now owns 88,200 shares of the industrial products company’s stock worth $1,030,000 after purchasing an additional 8,000 shares in the last quarter. Connable Office Inc. lifted its stake in shares of Mueller Water Products by 23.4% during the second quarter. Connable Office Inc. now owns 32,966 shares of the industrial products company’s stock worth $385,000 after purchasing an additional 6,256 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of Mueller Water Products by 8.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 866,563 shares of the industrial products company’s stock worth $10,122,000 after purchasing an additional 67,989 shares in the last quarter. Institutional investors own 84.31% of the company’s stock.

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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.

Analyst Recommendations for Mueller Water Products (NYSE:MWA)

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