Mueller Water Products (NYSE:MWA) Upgraded to Buy by StockNews.com

StockNews.com upgraded shares of Mueller Water Products (NYSE:MWAFree Report) from a hold rating to a buy rating in a report published on Friday.

Mueller Water Products Stock Up 3.2 %

Shares of NYSE MWA opened at $15.72 on Friday. Mueller Water Products has a 12-month low of $12.11 and a 12-month high of $16.62. The company has a market cap of $2.45 billion, a P/E ratio of 31.48, a P/E/G ratio of 2.08 and a beta of 1.33. The company has a current ratio of 3.23, a quick ratio of 1.87 and a debt-to-equity ratio of 0.63. The stock has a fifty day moving average price of $14.02 and a 200 day moving average price of $13.56.

Mueller Water Products (NYSE:MWAGet Free Report) last announced its quarterly earnings results on Friday, February 9th. The industrial products company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.04. Mueller Water Products had a return on equity of 13.97% and a net margin of 6.35%. The firm had revenue of $256.40 million during the quarter, compared to the consensus estimate of $250.64 million. During the same period in the prior year, the firm earned $0.13 EPS. The firm’s quarterly revenue was down 18.6% compared to the same quarter last year. Research analysts anticipate that Mueller Water Products will post 0.61 EPS for the current fiscal year.

Mueller Water Products Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Friday, February 9th will be given a $0.064 dividend. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $0.26 dividend on an annualized basis and a yield of 1.63%. Mueller Water Products’s payout ratio is currently 52.00%.

Insider Buying and Selling at Mueller Water Products

In other Mueller Water Products news, Director Lydia W. Thomas sold 5,961 shares of the company’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $13.95, for a total value of $83,155.95. Following the completion of the transaction, the director now directly owns 128,138 shares of the company’s stock, valued at approximately $1,787,525.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Thomas J. Hansen sold 6,044 shares of the stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $13.77, for a total transaction of $83,225.88. Following the transaction, the director now owns 94,525 shares of the company’s stock, valued at $1,301,609.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lydia W. Thomas sold 5,961 shares of the stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $13.95, for a total transaction of $83,155.95. Following the transaction, the director now directly owns 128,138 shares in the company, valued at approximately $1,787,525.10. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Mueller Water Products

Large investors have recently bought and sold shares of the business. Cramer Rosenthal Mcglynn LLC bought a new position in Mueller Water Products in the second quarter worth about $8,131,000. Swiss National Bank increased its stake in shares of Mueller Water Products by 1.1% in the second quarter. Swiss National Bank now owns 340,200 shares of the industrial products company’s stock valued at $5,521,000 after purchasing an additional 3,800 shares during the period. Geode Capital Management LLC increased its stake in shares of Mueller Water Products by 3.2% in the second quarter. Geode Capital Management LLC now owns 2,993,942 shares of the industrial products company’s stock valued at $48,592,000 after purchasing an additional 93,956 shares during the period. Stratos Wealth Partners LTD. acquired a new stake in shares of Mueller Water Products in the third quarter valued at approximately $299,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Mueller Water Products in the third quarter valued at approximately $1,905,000.

Mueller Water Products Company Profile

(Get Free Report)

Mueller Water Products, Inc manufactures and markets products and services for the transmission, distribution, and measurement of water used by municipalities, and the residential and non-residential construction industries in the United States, Israel, and internationally. It operates in two segments, Water Flow Solutions and Water Management Solutions.

Featured Articles

Analyst Recommendations for Mueller Water Products (NYSE:MWA)

Receive News & Ratings for Mueller Water Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mueller Water Products and related companies with MarketBeat.com's FREE daily email newsletter.