Zacks Investment Research lowered shares of Mueller Water Products (NYSE:MWA) from a hold rating to a sell rating in a report published on Saturday morning.

According to Zacks, “Mueller Water Products, Inc. manufactures and markets products and services that are used in the transmission and distribution of safe, clean drinking water and in water treatment facilities. Their broad product portfolio includes engineered valves, fire hydrants, pipe fittings, water meters and ductile iron pipe, which are used by municipalities, as well as the residential and non-residential construction industries. “

Several other research firms have also commented on MWA. Oppenheimer reissued a buy rating and issued a $14.00 price target on shares of Mueller Water Products in a research report on Monday, August 6th. DA Davidson reissued a neutral rating on shares of Mueller Water Products in a research report on Friday, July 20th. Seaport Global Securities lowered Mueller Water Products from a buy rating to a neutral rating and reduced their price target for the stock from $15.00 to $12.50 in a research report on Wednesday, August 8th. ValuEngine raised Mueller Water Products from a sell rating to a hold rating in a research report on Tuesday, May 8th. Finally, Boenning Scattergood reaffirmed a hold rating on shares of Mueller Water Products in a research report on Tuesday, May 8th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $13.44.

MWA opened at $11.73 on Friday. The firm has a market capitalization of $1.86 billion, a PE ratio of 26.82, a P/E/G ratio of 1.45 and a beta of 1.11. The company has a debt-to-equity ratio of 0.83, a current ratio of 5.13 and a quick ratio of 3.91. Mueller Water Products has a 12 month low of $9.59 and a 12 month high of $12.99.

Mueller Water Products (NYSE:MWA) last released its quarterly earnings results on Monday, August 6th. The industrial products company reported $0.19 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.19. The firm had revenue of $250.20 million during the quarter, compared to analyst estimates of $246.01 million. Mueller Water Products had a return on equity of 15.67% and a net margin of 11.24%. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.16 EPS. research analysts expect that Mueller Water Products will post 0.54 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, August 20th. Investors of record on Friday, August 10th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend was Thursday, August 9th. Mueller Water Products’s dividend payout ratio is currently 45.45%.

Large investors have recently made changes to their positions in the stock. Prudential Financial Inc. increased its position in Mueller Water Products by 56.8% during the 1st quarter. Prudential Financial Inc. now owns 232,565 shares of the industrial products company’s stock valued at $2,528,000 after buying an additional 84,286 shares in the last quarter. First Republic Investment Management Inc. acquired a new position in Mueller Water Products during the 1st quarter valued at about $126,000. Northern Trust Corp increased its position in Mueller Water Products by 0.7% during the 1st quarter. Northern Trust Corp now owns 2,016,800 shares of the industrial products company’s stock valued at $21,922,000 after buying an additional 13,293 shares in the last quarter. Speece Thorson Capital Group Inc. increased its position in Mueller Water Products by 22.6% during the 2nd quarter. Speece Thorson Capital Group Inc. now owns 717,004 shares of the industrial products company’s stock valued at $8,403,000 after buying an additional 132,031 shares in the last quarter. Finally, Guyasuta Investment Advisors Inc. increased its position in Mueller Water Products by 10.7% during the 1st quarter. Guyasuta Investment Advisors Inc. now owns 84,296 shares of the industrial products company’s stock valued at $916,000 after buying an additional 8,160 shares in the last quarter. 86.29% of the stock is currently owned by institutional investors.

About Mueller Water Products

Mueller Water Products, Inc manufactures and markets products and services for use in the transmission, distribution, and measurement of water in the United States, Canada, and internationally. It operates through Infrastructure and Technologies segments. The Infrastructure segment offers valves for water and gas systems, including iron gate, butterfly, tapping, check, knife, plug, automatic control, and ball valves; dry-barrel and wet-barrel fire hydrants; pipe repair products, such as clamps and couplings used to repair leaks under the Mueller and Jones brand names; small valves, meter bars, and line stopper fittings for use in gas systems; and machines and tools for tapping, drilling, extracting, installing, and stopping-off.

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