Mueller Water Products, Inc. (NYSE:MWA) has received an average rating of “Buy” from the ten brokerages that are presently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $14.14.

A number of research firms have recently issued reports on MWA. Oppenheimer reaffirmed an “outperform” rating and set a $15.00 target price on shares of Mueller Water Products in a report on Thursday, December 28th. They noted that the move was a valuation call. Robert W. Baird reaffirmed a “hold” rating and set a $14.00 target price on shares of Mueller Water Products in a report on Friday, November 10th. Boenning Scattergood reaffirmed a “buy” rating and set a $14.00 target price on shares of Mueller Water Products in a report on Thursday, November 2nd. Royal Bank of Canada reaffirmed a “buy” rating and set a $14.00 target price on shares of Mueller Water Products in a report on Wednesday, October 11th. Finally, Cowen reaffirmed a “hold” rating and set a $12.00 target price on shares of Mueller Water Products in a report on Thursday, September 21st.

In related news, Chairman Gregory E. Hyland sold 50,000 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $12.27, for a total value of $613,500.00. Following the completion of the sale, the chairman now owns 979,481 shares of the company’s stock, valued at $12,018,231.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Evan Hart sold 49,883 shares of the company’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $12.28, for a total transaction of $612,563.24. Following the completion of the sale, the chief financial officer now directly owns 145,530 shares of the company’s stock, valued at approximately $1,787,108.40. The disclosure for this sale can be found here. Insiders sold 693,656 shares of company stock valued at $8,514,160 in the last three months. 3.00% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of MWA. Schwab Charles Investment Management Inc. lifted its position in Mueller Water Products by 8.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 866,563 shares of the industrial products company’s stock valued at $10,122,000 after buying an additional 67,989 shares during the last quarter. Rhumbline Advisers lifted its position in Mueller Water Products by 1.3% in the second quarter. Rhumbline Advisers now owns 180,464 shares of the industrial products company’s stock valued at $2,108,000 after buying an additional 2,298 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Mueller Water Products by 1.9% in the second quarter. Bank of New York Mellon Corp now owns 1,610,346 shares of the industrial products company’s stock valued at $18,809,000 after buying an additional 29,873 shares during the last quarter. Blair William & Co. IL lifted its position in Mueller Water Products by 105.0% in the second quarter. Blair William & Co. IL now owns 20,500 shares of the industrial products company’s stock valued at $239,000 after buying an additional 10,500 shares during the last quarter. Finally, BB&T Securities LLC lifted its position in Mueller Water Products by 54.9% in the second quarter. BB&T Securities LLC now owns 18,784 shares of the industrial products company’s stock valued at $219,000 after buying an additional 6,661 shares during the last quarter. 84.03% of the stock is currently owned by institutional investors.

Mueller Water Products (MWA) traded down $0.01 during trading on Tuesday, hitting $12.59. 469,098 shares of the stock were exchanged, compared to its average volume of 538,375. Mueller Water Products has a fifty-two week low of $10.84 and a fifty-two week high of $14.02. The stock has a market capitalization of $1,991.27, a price-to-earnings ratio of 16.57, a price-to-earnings-growth ratio of 1.56 and a beta of 1.33. The company has a debt-to-equity ratio of 0.97, a current ratio of 4.73 and a quick ratio of 3.75.

Mueller Water Products (NYSE:MWA) last released its earnings results on Wednesday, November 1st. The industrial products company reported $0.15 earnings per share (EPS) 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 15.43%. The business had revenue of $226.90 million during the quarter, compared to analyst estimates of $227.14 million. During the same quarter in the prior year, the firm earned $0.17 earnings per share. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. equities analysts expect that Mueller Water Products will post 0.54 EPS for the current fiscal year.

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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.

Analyst Recommendations for Mueller Water Products (NYSE:MWA)

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