MUELLER WATER PRODUCTS (NYSE:MWA) has received an average recommendation of “Buy” from the eight research firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $14.50.

MWA has been the subject of a number of research reports. Nomura initiated 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 cut shares of MUELLER WATER PRODUCTS from a “buy” rating to a “hold” rating in a research note on Tuesday, May 2nd. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $13.00 price objective (down previously from $15.00) on shares of MUELLER WATER PRODUCTS in a research note on Tuesday, May 2nd. CIBC reaffirmed a “buy” rating on shares of MUELLER WATER PRODUCTS in a research note on Wednesday, May 10th. Finally, BidaskClub raised shares of MUELLER WATER PRODUCTS from a “hold” rating to a “buy” rating in a research note on Friday, June 30th.

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In other news, Director Shirley C. Franklin sold 9,156 shares of the company’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $11.40, for a total value of $104,378.40. Following the completion of the sale, the director now owns 39,157 shares of the company’s stock, valued at approximately $446,389.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Bernard G. Rethore sold 56,400 shares of the company’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 completion of the sale, the director now directly owns 27,303 shares of the company’s stock, valued at approximately $306,612.69. The disclosure for this sale can be found here. 4.30% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the stock. Bluestein R H & Co. purchased a new stake in shares of MUELLER WATER PRODUCTS during the first quarter valued at $118,000. Blair William & Co. IL purchased a new stake in shares of MUELLER WATER PRODUCTS during the first quarter valued at $124,000. Nomura Holdings Inc. purchased a new stake in shares of MUELLER WATER PRODUCTS during the first quarter valued at $125,000. BlueCrest Capital Management Ltd purchased a new stake in shares of MUELLER WATER PRODUCTS during the first quarter valued at $133,000. Finally, Teza Capital Management LLC purchased a new stake in shares of MUELLER WATER PRODUCTS during the first quarter valued at $136,000. 88.70% of the stock is owned by institutional investors and hedge funds.

Shares of MUELLER WATER PRODUCTS (NYSE MWA) traded down 0.58% during mid-day trading on Friday, reaching $12.10. 1,097,721 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $11.48 and a 200 day moving average price of $11.92. MUELLER WATER PRODUCTS has a 52-week low of $10.45 and a 52-week high of $14.20. The firm has a market cap of $1.93 billion, a P/E ratio of 16.33 and a beta of 1.37.

MUELLER WATER PRODUCTS (NYSE:MWA) last issued its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.16 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.16. The firm had revenue of $232.20 million for the quarter, compared to analyst estimates of $235.07 million. MUELLER WATER PRODUCTS had a net margin of 14.47% and a return on equity of 17.17%. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.15 EPS. Analysts forecast that MUELLER WATER PRODUCTS will post $0.45 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Stockholders of record on Friday, August 11th will be paid a $0.04 dividend. The ex-dividend date is Wednesday, August 9th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.31%. MUELLER WATER PRODUCTS’s dividend payout ratio (DPR) is 20.00%.

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.

Analyst Recommendations for MUELLER WATER PRODUCTS (NYSE:MWA)

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