Mueller Water Products, Inc. (NYSE:MWA) has been assigned an average rating of “Buy” from the ten ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $13.86.
Several equities analysts recently issued reports on the company. Robert W. Baird reaffirmed a “hold” rating and issued a $13.00 price objective on shares of Mueller Water Products in a research report on Friday, September 8th. Zacks Investment Research raised Mueller Water Products from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Oppenheimer Holdings, Inc. set a $13.00 price objective on Mueller Water Products and gave the company a “buy” rating in a research report on Monday, July 31st. Cowen and Company reaffirmed a “hold” rating and issued a $12.00 price objective on shares of Mueller Water Products in a research report on Thursday, September 21st. Finally, Boenning Scattergood reaffirmed a “buy” rating and issued a $14.00 price objective on shares of Mueller Water Products in a research report on Thursday, November 2nd.
In other Mueller Water Products news, CFO Evan Hart sold 167,016 shares of the business’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $12.11, for a total transaction of $2,022,563.76. Following the completion of the sale, the chief financial officer now directly owns 355,862 shares in the company, valued at approximately $4,309,488.82. The sale was disclosed in a document filed with the SEC, which is available through this link. 4.30% of the stock is currently owned by insiders.
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Mueller Water Products (MWA) traded up $0.13 during mid-day trading on Monday, reaching $11.91. The company had a trading volume of 908,191 shares, compared to its average volume of 1,253,945. The company has a market cap of $1,870.00, a PE ratio of 27.70, a PEG ratio of 1.50 and a beta of 1.32. Mueller Water Products has a fifty-two week low of $10.84 and a fifty-two week high of $14.20. 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 (NYSE:MWA) last released its quarterly earnings data on Wednesday, November 1st. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15. The business had revenue of $226.90 million for the quarter, compared to analysts’ expectations of $227.14 million. Mueller Water Products had a return on equity of 16.98% and a net margin of 8.86%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.17 EPS. analysts predict that Mueller Water Products will post 0.53 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Friday, November 10th will be paid a dividend of $0.04 per share. The ex-dividend date is Thursday, November 9th. This represents a $0.16 dividend on an annualized basis and a yield of 1.34%. Mueller Water Products’s dividend payout ratio is presently 47.06%.
About Mueller Water Products
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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