Mueller Water Products (MWA) Rating Reiterated by Robert W. Baird
Mueller Water Products (NYSE:MWA)‘s stock had its “hold” rating reaffirmed by research analysts at Robert W. Baird in a research report issued on Friday. They currently have a $14.00 price objective on the industrial products company’s stock. Robert W. Baird’s price objective would indicate a potential upside of 14.85% from the stock’s previous close.
A number of other research firms have also weighed in on MWA. Boenning Scattergood upgraded shares of Mueller Water Products from a “neutral” rating to an “outperform” rating and set a $14.00 target price on the stock in a research note on Tuesday, September 5th. BidaskClub lowered shares of Mueller Water Products from a “buy” rating to a “hold” rating in a research note on Friday, August 25th. Royal Bank Of Canada reiterated a “buy” rating and issued a $14.00 price target on shares of Mueller Water Products in a research note on Wednesday, October 11th. Cowen and Company reiterated a “hold” rating and issued a $12.00 price target on shares of Mueller Water Products in a research note on Thursday, September 21st. Finally, Zacks Investment Research upgraded shares of Mueller Water Products from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $13.75.
Mueller Water Products (MWA) traded up $0.05 during mid-day trading on Friday, hitting $12.19. 1,020,900 shares of the company were exchanged, compared to its average volume of 1,011,198. The company has a debt-to-equity ratio of 1.03, a current ratio of 5.90 and a quick ratio of 4.63. Mueller Water Products has a 12-month low of $10.84 and a 12-month high of $14.20. The stock has a market capitalization of $1,933.21, a price-to-earnings ratio of 28.35, a price-to-earnings-growth ratio of 1.54 and a beta of 1.32.
Mueller Water Products (NYSE:MWA) last released its earnings results on Wednesday, November 1st. The industrial products company reported $0.15 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.15. Mueller Water Products had a net margin of 14.93% and a return on equity of 15.83%. The firm had revenue of $226.90 million for the quarter, compared to analyst estimates of $227.14 million. During the same period in the prior year, the firm earned $0.17 earnings per share. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. sell-side analysts forecast that Mueller Water Products will post 0.53 earnings per share for the current fiscal year.
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In other Mueller Water Products news, CFO Evan Hart sold 167,016 shares of the stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $12.11, for a total value of $2,022,563.76. Following the transaction, the chief financial officer now directly owns 355,862 shares in the company, valued at $4,309,488.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.30% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Trexquant Investment LP acquired a new stake in shares of Mueller Water Products in the third quarter valued at approximately $455,000. JPMorgan Chase & Co. boosted its holdings in shares of Mueller Water Products by 8.4% in the third quarter. JPMorgan Chase & Co. now owns 206,228 shares of the industrial products company’s stock valued at $2,656,000 after acquiring an additional 15,901 shares during the period. Legal & General Group Plc boosted its holdings in shares of Mueller Water Products by 30.0% in the third quarter. Legal & General Group Plc now owns 66,848 shares of the industrial products company’s stock valued at $856,000 after acquiring an additional 15,423 shares during the period. Nordea Investment Management AB boosted its holdings in shares of Mueller Water Products by 7.4% in the third quarter. Nordea Investment Management AB now owns 549,033 shares of the industrial products company’s stock valued at $7,028,000 after acquiring an additional 38,008 shares during the period. Finally, TD Asset Management Inc. boosted its holdings in shares of Mueller Water Products by 5.3% in the third quarter. TD Asset Management Inc. now owns 92,900 shares of the industrial products company’s stock valued at $1,189,000 after acquiring an additional 4,700 shares during the period. 84.05% of the stock is owned by institutional investors and hedge funds.
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.
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