MUELLER WATER PRODUCTS (NYSE:MWA) – Stock analysts at Gabelli cut their FY2017 EPS estimates for MUELLER WATER PRODUCTS in a research note issued to investors on Monday. Gabelli analyst J. Garza now forecasts that the industrial products company will post earnings of $0.45 per share for the year, down from their prior forecast of $0.47. Gabelli also issued estimates for MUELLER WATER PRODUCTS’s FY2018 earnings at $0.55 EPS.

MUELLER WATER PRODUCTS (NYSE:MWA) last released its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.16. MUELLER WATER PRODUCTS had a net margin of 14.47% and a return on equity of 17.17%. The business had revenue of $232.20 million during the quarter, compared to the consensus estimate of $235.07 million. During the same quarter last year, the company earned $0.15 earnings per share. The business’s quarterly revenue was up 3.3% compared to the same quarter last year.

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Other research analysts have also issued reports about the company. CIBC reiterated a “buy” rating on shares of MUELLER WATER PRODUCTS in a report on Wednesday, May 10th. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of MUELLER WATER PRODUCTS in a report on Tuesday, May 9th. Nomura initiated coverage on MUELLER WATER PRODUCTS in a report on Wednesday, April 12th. They set a “buy” rating and a $15.00 price target for the company. Zacks Investment Research upgraded MUELLER WATER PRODUCTS from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a report on Tuesday, April 11th. Finally, BidaskClub upgraded MUELLER WATER PRODUCTS from a “hold” rating to a “buy” rating in a report on Friday, June 30th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. MUELLER WATER PRODUCTS currently has an average rating of “Buy” and a consensus price target of $14.00.

Shares of MUELLER WATER PRODUCTS (MWA) opened at 12.17 on Tuesday. The stock’s 50 day moving average is $11.48 and its 200-day moving average is $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 $1.94 billion, a P/E ratio of 16.42 and a beta of 1.37.

The company also recently announced a quarterly dividend, which will be paid on Monday, August 21st. Investors of record on Friday, August 11th will be paid a $0.04 dividend. The ex-dividend date of this dividend 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 payout ratio is 20.00%.

In related news, Director Shirley C. Franklin sold 9,156 shares of the company’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $11.40, for a total value of $104,378.40. Following the completion of the transaction, the director now directly owns 39,157 shares in the company, valued at $446,389.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 value of $633,372.00. Following the completion of the transaction, the director now owns 27,303 shares of the company’s stock, valued at $306,612.69. The disclosure for this sale can be found here. Corporate insiders own 4.30% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Teacher Retirement System of Texas raised its position in shares of MUELLER WATER PRODUCTS by 1.5% in the second quarter. Teacher Retirement System of Texas now owns 13,074 shares of the industrial products company’s stock worth $153,000 after buying an additional 191 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in shares of MUELLER WATER PRODUCTS by 0.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 80,965 shares of the industrial products company’s stock worth $957,000 after buying an additional 413 shares during the last quarter. Worth Venture Partners LLC raised its position in shares of MUELLER WATER PRODUCTS by 8.8% in the first quarter. Worth Venture Partners LLC now owns 14,061 shares of the industrial products company’s stock worth $166,000 after buying an additional 1,140 shares during the last quarter. Intrust Bank NA raised its position in shares of MUELLER WATER PRODUCTS by 6.5% in the first quarter. Intrust Bank NA now owns 21,823 shares of the industrial products company’s stock worth $258,000 after buying an additional 1,338 shares during the last quarter. Finally, Suffolk Capital Management LLC raised its position in shares of MUELLER WATER PRODUCTS by 1.7% in the first quarter. Suffolk Capital Management LLC now owns 120,317 shares of the industrial products company’s stock worth $1,422,000 after buying an additional 1,985 shares during the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.

MUELLER WATER PRODUCTS Company Profile

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.

Earnings History and Estimates for MUELLER WATER PRODUCTS (NYSE:MWA)

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