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Mueller Water Products, Inc. (NYSE:MWA) Given Consensus Recommendation of "Hold" by Analysts

Defense World · Sep 11, 2022 04:41

Shares of Mueller Water Products, Inc. (NYSE:MWA – Get Rating) have received an average recommendation of "Hold" from the eight brokerages that are currently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $12.67.

A number of brokerages have issued reports on MWA. Northcoast Research began coverage on Mueller Water Products in a research report on Friday, July 15th. They set a "neutral" rating on the stock. TheStreet upgraded Mueller Water Products from a "c+" rating to a "b" rating in a research report on Tuesday, August 9th. Cowen decreased their price objective on Mueller Water Products from $15.00 to $13.00 in a research report on Tuesday, June 28th. Cowen decreased their price objective on Mueller Water Products from $15.00 to $13.00 in a research report on Tuesday, June 28th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Mueller Water Products in a research report on Wednesday, August 17th. They set a "hold" rating and a $12.00 price objective on the stock.

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Mueller Water Products Price Performance

Shares of Mueller Water Products stock opened at $11.45 on Friday. The stock has a 50 day moving average of $11.96 and a 200 day moving average of $12.13. Mueller Water Products has a 12 month low of $10.88 and a 12 month high of $17.37. The firm has a market cap of $1.79 billion, a PE ratio of 20.45, a PEG ratio of 1.52 and a beta of 1.29. The company has a current ratio of 3.26, a quick ratio of 2.02 and a debt-to-equity ratio of 0.63.

Mueller Water Products (NYSE:MWA – Get Rating) last announced its quarterly earnings results on Thursday, August 4th. The industrial products company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.01). Mueller Water Products had a net margin of 7.25% and a return on equity of 13.67%. The firm had revenue of $333.20 million for the quarter, compared to the consensus estimate of $330.29 million. During the same period in the previous year, the company posted $0.18 earnings per share. Mueller Water Products's quarterly revenue was up 7.3% on a year-over-year basis. On average, research analysts expect that Mueller Water Products will post 0.62 EPS for the current fiscal year.

Mueller Water Products Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 22nd. Investors of record on Wednesday, August 10th were paid a $0.058 dividend. This represents a $0.23 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend was Tuesday, August 9th. Mueller Water Products's dividend payout ratio is presently 41.07%.

Insider Buying and Selling

In related news, Director Thomas J. Hansen sold 12,578 shares of the firm's stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $12.00, for a total value of $150,936.00. Following the transaction, the director now owns 82,088 shares of the company's stock, valued at approximately $985,056. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Sonen Capital LLC increased its stake in Mueller Water Products by 4.5% in the 1st quarter. Sonen Capital LLC now owns 19,655 shares of the industrial products company's stock worth $254,000 after buying an additional 845 shares during the period. Captrust Financial Advisors increased its stake in Mueller Water Products by 22.8% in the 1st quarter. Captrust Financial Advisors now owns 5,580 shares of the industrial products company's stock worth $72,000 after buying an additional 1,036 shares during the period. FMR LLC increased its position in Mueller Water Products by 2.4% during the 2nd quarter. FMR LLC now owns 45,428 shares of the industrial products company's stock valued at $533,000 after purchasing an additional 1,063 shares during the period. Bfsg LLC increased its position in Mueller Water Products by 0.5% during the 2nd quarter. Bfsg LLC now owns 227,366 shares of the industrial products company's stock valued at $2,667,000 after purchasing an additional 1,206 shares during the period. Finally, Banque Cantonale Vaudoise increased its position in Mueller Water Products by 43.7% during the 1st quarter. Banque Cantonale Vaudoise now owns 4,245 shares of the industrial products company's stock valued at $54,000 after purchasing an additional 1,291 shares during the period. Hedge funds and other institutional investors own 88.56% of the company's stock.

About Mueller Water Products

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Mueller Water Products Inc manufactures and markets products and services used in the transmission, distribution, and measurement of water in North America and internationally. Its products and services are used by municipalities, and the residential and non-residential construction industries. It operates through two segments, Infrastructure and Technologies.