Oppenheimer set a $13.00 price objective on Mueller Water Products (NYSE:MWA) in a report released on Tuesday morning. The firm currently has a buy rating on the industrial products company’s stock. Oppenheimer also issued estimates for Mueller Water Products’ Q2 2019 earnings at $0.13 EPS, Q3 2019 earnings at $0.20 EPS, FY2019 earnings at $0.60 EPS and FY2020 earnings at $0.74 EPS.
Several other analysts also recently issued reports on MWA. Zacks Investment Research upgraded Mueller Water Products from a hold rating to a buy rating and set a $10.00 price target for the company in a report on Wednesday, January 9th. TheStreet downgraded Mueller Water Products from a b- rating to a c rating in a report on Tuesday, February 5th. Boenning Scattergood reiterated a neutral rating on shares of Mueller Water Products in a report on Tuesday, February 5th. ValuEngine upgraded Mueller Water Products from a sell rating to a hold rating in a report on Tuesday, February 5th. Finally, Goldman Sachs Group downgraded Mueller Water Products from a buy rating to a neutral rating and lowered their price target for the company from $13.00 to $11.00 in a report on Tuesday, February 26th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $12.21.
MWA stock opened at $10.33 on Tuesday. The firm has a market cap of $1.62 billion, a PE ratio of 19.49, a PEG ratio of 1.24 and a beta of 1.09. The company has a debt-to-equity ratio of 0.83, a current ratio of 3.14 and a quick ratio of 1.99. Mueller Water Products has a 52 week low of $8.47 and a 52 week high of $12.59.
Mueller Water Products (NYSE:MWA) last released its quarterly earnings data on Monday, February 4th. The industrial products company reported $0.07 EPS for the quarter, hitting analysts’ consensus estimates of $0.07. The business had revenue of $192.80 million during the quarter, compared to the consensus estimate of $196.74 million. Mueller Water Products had a return on equity of 16.10% and a net margin of 3.17%. On average, analysts forecast that Mueller Water Products will post 0.62 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 20th. Shareholders of record on Friday, February 8th were given a $0.05 dividend. The ex-dividend date of this dividend was Thursday, February 7th. This represents a $0.20 dividend on an annualized basis and a yield of 1.94%. Mueller Water Products’s payout ratio is currently 37.74%.
A number of large investors have recently bought and sold shares of the business. Geode Capital Management LLC boosted its position in Mueller Water Products by 6.3% in the 4th quarter. Geode Capital Management LLC now owns 1,644,458 shares of the industrial products company’s stock valued at $14,964,000 after buying an additional 96,754 shares during the last quarter. Norges Bank purchased a new position in Mueller Water Products in the 4th quarter valued at about $50,182,000. Walthausen & Co. LLC boosted its position in Mueller Water Products by 61.0% in the 4th quarter. Walthausen & Co. LLC now owns 531,520 shares of the industrial products company’s stock valued at $4,837,000 after buying an additional 201,290 shares during the last quarter. CWM Advisors LLC purchased a new position in Mueller Water Products in the 4th quarter valued at about $92,000. Finally, BW Gestao de Investimentos Ltda. boosted its position in Mueller Water Products by 2.7% in the 4th quarter. BW Gestao de Investimentos Ltda. now owns 69,817 shares of the industrial products company’s stock valued at $635,000 after buying an additional 1,804 shares during the last quarter. 86.68% of the stock is owned by institutional investors.
Mueller Water Products Company Profile
Mueller Water Products, Inc manufactures and markets products and services for use in the transmission, distribution, and measurement of water in the United States, Canada, and internationally. It operates in two segments, Infrastructure and Technologies. The Infrastructure segment offers valves for water and gas systems, including butterfly, iron gate, tapping, check, knife, plug, automatic control, and ball valves; dry-barrel and wet-barrel fire hydrants; pipe repair products, such as clamps and couplings used to repair leaks under the Mueller and Jones brand names; and machines and tools for tapping, drilling, extracting, installing, and stopping-off.
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