Mueller Water Products (NYSE:MWA) Receives $30.00 Consensus PT from Brokerages

Mueller Water Products (NYSE:MWA) has earned an average rating of “Hold” from the five brokerages that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $30.00.

MWA has been the topic of a number of research reports. Royal Bank Of Canada increased their price objective on Mueller Water Products from $30.00 to $31.00 and gave the stock a “sector perform” rating in a report on Thursday, May 7th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $29.00 target price on shares of Mueller Water Products in a research note on Wednesday, May 6th. Barclays initiated coverage on shares of Mueller Water Products in a research report on Tuesday, June 30th. They issued an “underweight” rating and a $25.00 target price for the company. Wall Street Zen upgraded shares of Mueller Water Products from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Weiss Ratings downgraded shares of Mueller Water Products from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday.

Mueller Water Products Stock Performance

Shares of NYSE MWA opened at $25.06 on Monday. The business’s 50-day moving average price is $25.43 and its two-hundred day moving average price is $27.00. The company has a debt-to-equity ratio of 0.42, a current ratio of 4.57 and a quick ratio of 2.92. Mueller Water Products has a one year low of $22.74 and a one year high of $31.00. The company has a market capitalization of $3.92 billion, a P/E ratio of 19.13, a price-to-earnings-growth ratio of 1.14 and a beta of 1.03.

Mueller Water Products (NYSE:MWA) last issued its earnings results on Tuesday, April 21st. The industrial products company reported $2.16 earnings per share for the quarter. Mueller Water Products had a return on equity of 22.11% and a net margin of 14.17%.The company had revenue of $1.19 billion for the quarter. Analysts anticipate that Mueller Water Products will post 1.47 earnings per share for the current fiscal year.

Mueller Water Products Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Monday, May 11th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Monday, May 11th. Mueller Water Products’s dividend payout ratio is presently 21.37%.

Insiders Place Their Bets

In related news, Director Brian C. Healy purchased 1,183 shares of Mueller Water Products stock in a transaction on Tuesday, July 7th. The stock was bought at an average price of $25.33 per share, with a total value of $29,965.39. Following the completion of the transaction, the director directly owned 24,946 shares of the company’s stock, valued at approximately $631,882.18. This represents a 4.98% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Tudor Investment Corp ET AL boosted its position in Mueller Water Products by 100.1% during the third quarter. Tudor Investment Corp ET AL now owns 290,960 shares of the industrial products company’s stock worth $7,425,000 after purchasing an additional 145,578 shares during the period. Vest Financial LLC bought a new position in shares of Mueller Water Products in the fourth quarter valued at approximately $1,517,000. SG Americas Securities LLC lifted its stake in shares of Mueller Water Products by 998.6% in the fourth quarter. SG Americas Securities LLC now owns 387,050 shares of the industrial products company’s stock worth $9,220,000 after buying an additional 351,819 shares during the last quarter. Perpetual Ltd lifted its stake in shares of Mueller Water Products by 10.2% in the fourth quarter. Perpetual Ltd now owns 429,580 shares of the industrial products company’s stock worth $10,233,000 after buying an additional 39,656 shares during the last quarter. Finally, Fiduciary Management Inc. WI bought a new stake in shares of Mueller Water Products during the 4th quarter worth $75,400,000. Institutional investors and hedge funds own 91.68% of the company’s stock.

About Mueller Water Products

Mueller Water Products, Inc is a leading provider of water infrastructure and flow control products and services designed to help water utilities and municipalities manage, control and measure their water distribution systems. The company’s portfolio includes a comprehensive range of products such as fire hydrants, valves, pipe repair systems, fittings and couplings, along with advanced metering and monitoring solutions. By combining traditional mechanical components with digital technologies, Mueller Water Products addresses the critical need for reliable and sustainable water distribution across North America.

The company’s operations are organized around two primary business segments.