Mueller Water Products (NYSE:MWA) – Investment analysts at Oppenheimer Holdings lowered their FY2017 EPS estimates for shares of Mueller Water Products in a research note issued on Monday. Oppenheimer Holdings analyst J. Giannakouros now expects that the industrial products company will earn $0.44 per share for the year, down from their previous forecast of $0.47. Oppenheimer Holdings currently has a “Buy” rating and a $13.00 target price on the stock. Oppenheimer Holdings also issued estimates for Mueller Water Products’ FY2018 earnings at $0.56 EPS.

MWA has been the subject of several other research reports. Zacks Investment Research downgraded shares of Mueller Water Products from a “buy” rating to a “hold” rating in a research note on Tuesday, May 2nd. BidaskClub raised shares of Mueller Water Products from a “hold” rating to a “buy” rating in a research note on Friday, June 30th. CIBC decreased their price target on shares of Mueller Water Products from $15.00 to $13.00 and set an “outperform” rating for the company in a research note on Wednesday, May 3rd. Finally, Nomura started coverage on shares of Mueller Water Products in a research note on Wednesday, April 12th. They set a “buy” rating and a $15.00 price target for the company. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Mueller Water Products currently has an average rating of “Buy” and a consensus target price of $14.00.

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Mueller Water Products (NYSE MWA) opened at 12.13 on Wednesday. The stock has a 50 day moving average price of $11.52 and a 200 day moving average price of $11.92. Mueller Water Products has a 12 month low of $10.45 and a 12 month high of $14.20. The company has a market cap of $1.93 billion, a price-to-earnings ratio of 16.37 and a beta of 1.37.

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

A number of institutional investors have recently modified their holdings of the company. Teacher Retirement System of Texas increased 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 period. O Shaughnessy Asset Management LLC increased 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 period. Worth Venture Partners LLC increased 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 period. Intrust Bank NA increased 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 period. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of Mueller Water Products by 8.2% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 21,883 shares of the industrial products company’s stock worth $256,000 after buying an additional 1,651 shares during the period. 88.70% of the stock is owned by institutional investors.

In related news, Director Bernard G. Rethore sold 56,400 shares of the business’s stock in a transaction that occurred 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Shirley C. Franklin sold 9,156 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $11.40, for a total transaction of $104,378.40. Following the completion of the transaction, the director now directly owns 39,157 shares of the company’s stock, valued at approximately $446,389.80. The disclosure for this sale can be found here. Insiders own 4.30% of the company’s stock.

The firm also recently disclosed 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. This represents a $0.16 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Wednesday, August 9th. Mueller Water Products’s dividend payout ratio (DPR) is 20.00%.

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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