Mueller Water Products, Inc. (MWA) Forecasted to Earn Q2 2019 Earnings of $0.11 Per Share
Mueller Water Products, Inc. (NYSE:MWA) – Stock analysts at DA Davidson dropped their Q2 2019 earnings estimates for shares of Mueller Water Products in a note issued to investors on Tuesday, February 5th. DA Davidson analyst B. Thielman now anticipates that the industrial products company will post earnings per share of $0.11 for the quarter, down from their previous forecast of $0.12. DA Davidson also issued estimates for Mueller Water Products’ FY2020 earnings at $0.74 EPS.
Several other brokerages have also recently weighed in on MWA. ValuEngine cut Mueller Water Products from a “hold” rating to a “sell” rating in a report on Tuesday, January 22nd. Zacks Investment Research upgraded Mueller Water Products from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a report on Wednesday, January 9th. Boenning Scattergood restated a “neutral” rating on shares of Mueller Water Products in a report on Tuesday. Oppenheimer restated a “buy” rating on shares of Mueller Water Products in a report on Monday, November 5th. Finally, TheStreet cut Mueller Water Products from a “b-” rating to a “c” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. Mueller Water Products presently has an average rating of “Hold” and a consensus target price of $12.42.
Mueller Water Products (NYSE:MWA) last issued its earnings results on Monday, February 4th. The industrial products company reported $0.07 earnings per share for the quarter, meeting the consensus estimate of $0.07. The company had revenue of $192.80 million during the quarter, compared to analysts’ expectations of $196.74 million. Mueller Water Products had a return on equity of 16.06% and a net margin of 3.17%.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 20th. Investors of record on Friday, February 8th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.95%. The ex-dividend date is Thursday, February 7th. Mueller Water Products’s dividend payout ratio is presently 37.74%.
In other Mueller Water Products news, Director Michael T. Tokarz sold 9,546 shares of the company’s stock in a transaction that occurred on Wednesday, December 12th. The stock was sold at an average price of $10.27, for a total transaction of $98,037.42. Following the completion of the transaction, the director now owns 298,532 shares of the company’s stock, valued at approximately $3,065,923.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Hassan Ali sold 46,737 shares of the company’s stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $10.54, for a total value of $492,607.98. Following the transaction, the senior vice president now directly owns 14,057 shares of the company’s stock, valued at approximately $148,160.78. The disclosure for this sale can be found here. Insiders have sold a total of 103,851 shares of company stock valued at $1,091,250 in the last ninety days. 1.70% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in MWA. CWM Advisors LLC bought a new position in Mueller Water Products during the 4th quarter valued at approximately $92,000. Quantamental Technologies LLC bought a new position in Mueller Water Products during the 4th quarter valued at approximately $112,000. Blair William & Co. IL bought a new position in Mueller Water Products during the 3rd quarter valued at approximately $115,000. Signition LP bought a new position in Mueller Water Products during the 4th quarter valued at approximately $132,000. Finally, Oppenheimer & Co. Inc. bought a new position in Mueller Water Products during the 3rd quarter valued at approximately $147,000. 84.96% of the stock is owned by institutional investors and hedge funds.
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 in two segments, Infrastructure and Technologies. The Infrastructure segment offers valves for water and gas systems, including butterfly, iron gate, 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; and machines and tools for tapping, drilling, extracting, installing, and stopping-off.
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