Mueller Water Products (MWA) Gets a Buy from Seaport Global

Seaport Global analyst Walter Liptak maintained a Buy rating on Mueller Water Products (MWA – Research Report) today and set a price target of $20.00. The company’s shares closed yesterday at $18.01.

Liptak covers the Industrials sector, focusing on stocks such as Chart Industries, Federal Signal, and Gibraltar Industries. According to TipRanks, Liptak has an average return of 10.0% and a 60.56% success rate on recommended stocks.

Mueller Water Products has an analyst consensus of Moderate Buy, with a price target consensus of $20.33, which is a 12.88% upside from current levels. In a report released yesterday, Oppenheimer also maintained a Buy rating on the stock with a $19.00 price target.

MWA market cap is currently $2.81B and has a P/E ratio of 25.88.

Based on the recent corporate insider activity of 70 insiders, corporate insider sentiment is neutral on the stock. Most recently, in February 2024, Paul McAndrew, the EVP & COO of MWA sold 23,000.00 shares for a total of $345,460.00.

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Mueller Water Products (MWA) Company Description:

Mueller Water Products, Inc. engages in the manufacture and sale of products used in the transmission, distribution and measurement of water. It operates though the following segments: Infrastructure, and Technologies. The Infrastructure segment involves in the manufacture of valves for water and gas systems including butterfly, iron gate, tapping, check, knife, plug and ball valves, and dry-barrel and wet-barrel fire hydrants. The Technologies segment offers metering, leak detection, pipe condition assessment, and other products and services for the water infrastructure industry. The company was founded in 1857 and is headquartered in Atlanta, GA.