Shares of Mueller Water Products, Inc. (NYSE:MWA – Get Rating) have earned a consensus recommendation of “Hold” from the nine brokerages that are currently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $12.67.
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A number of analysts have recently issued reports on the company. DA Davidson boosted their price objective on Mueller Water Products from $12.00 to $14.00 and gave the company a “neutral” rating in a research report on Tuesday, February 7th. Deutsche Bank Aktiengesellschaft boosted their price objective on Mueller Water Products from $10.00 to $12.00 and gave the company a “hold” rating in a research report on Tuesday, January 10th. The Goldman Sachs Group boosted their price objective on Mueller Water Products from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Monday, February 6th. StockNews.com assumed coverage on Mueller Water Products in a research report on Thursday, March 16th. They set a “hold” rating on the stock. Finally, Royal Bank of Canada boosted their price target on Mueller Water Products from $11.00 to $13.00 and gave the company a “sector perform” rating in a research note on Monday, February 6th.
Institutional Trading of Mueller Water Products
Several institutional investors have recently bought and sold shares of MWA. Metropolitan Life Insurance Co NY boosted its stake in Mueller Water Products by 8.1% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 9,608 shares of the industrial products company’s stock worth $103,000 after purchasing an additional 720 shares in the last quarter. Amalgamated Bank boosted its stake in Mueller Water Products by 3.4% in the fourth quarter. Amalgamated Bank now owns 25,930 shares of the industrial products company’s stock worth $279,000 after purchasing an additional 846 shares in the last quarter. Truist Financial Corp boosted its stake in Mueller Water Products by 2.5% in the fourth quarter. Truist Financial Corp now owns 36,090 shares of the industrial products company’s stock worth $388,000 after purchasing an additional 885 shares in the last quarter. Tortoise Capital Advisors L.L.C. boosted its stake in Mueller Water Products by 3.5% in the fourth quarter. Tortoise Capital Advisors L.L.C. now owns 28,351 shares of the industrial products company’s stock worth $305,000 after purchasing an additional 953 shares in the last quarter. Finally, Captrust Financial Advisors lifted its stake in shares of Mueller Water Products by 22.8% during the first quarter. Captrust Financial Advisors now owns 5,580 shares of the industrial products company’s stock valued at $72,000 after acquiring an additional 1,036 shares during the period. Institutional investors and hedge funds own 88.75% of the company’s stock.
Mueller Water Products Stock Performance
Shares of NYSE MWA opened at $13.19 on Tuesday. The company has a quick ratio of 1.68, a current ratio of 3.15 and a debt-to-equity ratio of 0.65. The business’s 50 day moving average is $13.28 and its two-hundred day moving average is $11.87. The company has a market cap of $2.06 billion, a P/E ratio of 25.86, a P/E/G ratio of 1.65 and a beta of 1.31. Mueller Water Products has a 12 month low of $9.90 and a 12 month high of $14.62.
Mueller Water Products (NYSE:MWA – Get Rating) last issued its quarterly earnings results on Friday, February 3rd. The industrial products company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.07 by $0.06. The company had revenue of $314.80 million for the quarter, compared to the consensus estimate of $288.85 million. Mueller Water Products had a return on equity of 13.00% and a net margin of 6.18%. The company’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.13 EPS. On average, equities analysts expect that Mueller Water Products will post 0.66 EPS for the current year.
Mueller Water Products Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, February 21st. Investors of record on Friday, February 10th were paid a $0.061 dividend. This represents a $0.24 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend was Thursday, February 9th. Mueller Water Products’s dividend payout ratio is 47.06%.
About Mueller Water Products
Mueller Water Products, Inc engages in the manufacture and sale of products used in the transmission, distribution, and measurement of water. It operates through the Water Flow Solutions and Water Management Solutions segments. The Water Flow Solutions segment includes iron gate valves, specialty valves, and service brass products.
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