Mueller Water Products, Inc. (MWA) Receives $14.14 Consensus Price Target from Analysts
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.
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.
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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