Mueller Water Products (NYSE:MWA) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday, August 3rd.
Other equities analysts also recently issued research reports about the stock. Nomura began coverage on shares of Mueller Water Products in a research note on Wednesday, April 12th. They issued a “buy” rating and a $15.00 price objective for the company. Zacks Investment Research downgraded shares of Mueller Water Products from a “hold” rating to a “sell” rating in a research note on Friday, July 21st. Oppenheimer Holdings, Inc. set a $13.00 price target on shares of Mueller Water Products and gave the stock a “buy” rating in a report on Monday, July 31st. Finally, CIBC reaffirmed a “buy” rating on shares of Mueller Water Products in a report on Wednesday, May 10th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $14.00.
Mueller Water Products (MWA) opened at 11.92 on Thursday. The company has a market capitalization of $1.89 billion, a P/E ratio of 14.81 and a beta of 1.37. The firm has a 50-day moving average price of $11.63 and a 200 day moving average price of $11.84. Mueller Water Products has a 52-week low of $10.45 and a 52-week high of $14.20.
Mueller Water Products (NYSE:MWA) last issued its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16. The company had revenue of $232.20 million during the quarter, compared to the consensus estimate of $235.07 million. Mueller Water Products had a net margin of 14.47% and a return on equity of 16.85%. Mueller Water Products’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.15 earnings per share. On average, analysts predict that Mueller Water Products will post $0.44 earnings per share for the current fiscal year.
In other news, Director Shirley C. Franklin sold 9,156 shares of the business’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $11.40, for a total transaction of $104,378.40. Following the sale, the director now directly owns 39,157 shares of the company’s stock, valued at $446,389.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Bernard G. Rethore sold 56,400 shares of the business’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $11.23, for a total transaction of $633,372.00. Following the sale, the director now directly owns 27,303 shares in the company, valued at $306,612.69. The disclosure for this sale can be found here. 4.30% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the stock. Bluestein R H & Co. acquired a new stake in Mueller Water Products during the first quarter valued at approximately $118,000. Blair William & Co. IL purchased a new position in shares of Mueller Water Products during the first quarter worth $124,000. Nomura Holdings Inc. purchased a new position in shares of Mueller Water Products during the first quarter worth $125,000. BlueCrest Capital Management Ltd purchased a new position in shares of Mueller Water Products during the first quarter worth $133,000. Finally, Colony Group LLC purchased a new position in shares of Mueller Water Products during the second quarter worth $135,000. 89.13% of the stock is currently owned by institutional investors.
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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