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Mueller Water Products (NYSE:MWA) Hits New 12-Month Low at $10.37

Defense World ·  Sep 24, 2022 04:51

Mueller Water Products, Inc. (NYSE:MWA – Get Rating)'s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $10.37 and last traded at $10.39, with a volume of 2515 shares. The stock had previously closed at $10.53.

Wall Street Analyst Weigh In

Several equities analysts recently commented on MWA shares. Cowen reduced their target price on Mueller Water Products from $15.00 to $13.00 in a research report on Tuesday, June 28th. StockNews.com lowered Mueller Water Products from a "buy" rating to a "hold" rating in a research note on Tuesday, July 19th. Cowen dropped their price target on Mueller Water Products from $15.00 to $13.00 in a research note on Tuesday, June 28th. TheStreet raised Mueller Water Products from a "c+" rating to a "b" rating in a research note on Tuesday, August 9th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Mueller Water Products in a research note on Wednesday, August 17th. They set a "hold" rating and a $12.00 price target for the company. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Mueller Water Products has an average rating of "Hold" and a consensus price target of $12.67.

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Mueller Water Products Stock Performance

The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.02 and a current ratio of 3.26. The business has a 50 day moving average price of $11.74 and a two-hundred day moving average price of $12.01. The company has a market cap of $1.57 billion, a P/E ratio of 17.93, a price-to-earnings-growth ratio of 1.42 and a beta of 1.29.

Mueller Water Products (NYSE:MWA – Get Rating) last released its earnings results on Thursday, August 4th. The industrial products company reported $0.19 earnings per share 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 company had revenue of $333.20 million during the quarter, compared to the consensus estimate of $330.29 million. During the same period last year, the firm posted $0.18 EPS. The company's revenue was up 7.3% on a year-over-year basis. On average, sell-side analysts anticipate that Mueller Water Products, Inc. will post 0.62 earnings per share for the current year.

Mueller Water Products Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 22nd. Shareholders of record on Wednesday, August 10th were given a dividend of $0.058 per share. This represents a $0.23 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date was Tuesday, August 9th. Mueller Water Products's payout ratio is 41.07%.

Insider Buying and Selling at Mueller Water Products

In other Mueller Water Products news, Director Thomas J. Hansen sold 12,578 shares of the company's stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $12.00, for a total transaction of $150,936.00. Following the completion of 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 filing with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sonen Capital LLC raised its position in Mueller Water Products by 4.5% during the 1st quarter. Sonen Capital LLC now owns 19,655 shares of the industrial products company's stock valued at $254,000 after purchasing an additional 845 shares during the last quarter. Captrust Financial Advisors grew its holdings in shares of Mueller Water Products by 22.8% during the 1st quarter. Captrust Financial Advisors now owns 5,580 shares of the industrial products company's stock worth $72,000 after acquiring an additional 1,036 shares during the period. FMR LLC grew its holdings in shares of Mueller Water Products by 2.4% during the 2nd quarter. FMR LLC now owns 45,428 shares of the industrial products company's stock worth $533,000 after acquiring an additional 1,063 shares during the period. Bfsg LLC grew its holdings in shares of Mueller Water Products by 0.5% during the 2nd quarter. Bfsg LLC now owns 227,366 shares of the industrial products company's stock worth $2,667,000 after acquiring an additional 1,206 shares during the period. Finally, Banque Cantonale Vaudoise grew its holdings in shares of 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 worth $54,000 after acquiring an additional 1,291 shares during the period. Institutional investors own 88.56% of the company's stock.

Mueller Water Products Company Profile

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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.

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