Mueller Water Products (NYSE:MWA)‘s stock had its “buy” rating reiterated by investment analysts at Boenning Scattergood in a report released on Thursday. They currently have a $14.00 target price on the industrial products company’s stock. Boenning Scattergood’s target price indicates a potential upside of 16.28% from the stock’s current price.
The analysts wrote, “We rate MWA Outperform, with our $14 target reflecting a water infrastructure peer group average forward P/E of 25 times.””
A number of other brokerages also recently commented on MWA. Robert W. Baird reiterated a “hold” rating and issued a $14.00 target price on shares of Mueller Water Products in a report on Wednesday, October 4th. BidaskClub downgraded shares of Mueller Water Products from a “buy” rating to a “hold” rating in a report on Friday, August 25th. Royal Bank Of Canada restated a “buy” rating and set a $14.00 price objective on shares of Mueller Water Products in a report on Wednesday, October 11th. Cowen and Company restated a “hold” rating and set a $12.00 price objective on shares of Mueller Water Products in a report on Thursday, September 21st. Finally, Zacks Investment Research upgraded shares of Mueller Water Products from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $13.75.
Shares of Mueller Water Products (NYSE MWA) traded up $0.07 during trading on Thursday, reaching $12.04. 2,509,526 shares of the company’s stock were exchanged, compared to its average volume of 815,952. The firm has a market capitalization of $1,909.40, a P/E ratio of 28.00, a P/E/G ratio of 1.79 and a beta of 1.32. 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 announced its earnings results on Wednesday, November 1st. The industrial products company reported $0.15 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.15. The business had revenue of $226.90 million during the quarter, compared to the consensus estimate of $227.14 million. Mueller Water Products had a net margin of 14.93% and a return on equity of 15.83%. The firm’s revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.17 earnings per share. sell-side analysts forecast that Mueller Water Products will post 0.53 EPS for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the company. BlueCrest Capital Management Ltd acquired a new position in shares of Mueller Water Products during the first quarter valued at about $133,000. Colony Group LLC purchased a new stake in Mueller Water Products in the second quarter valued at approximately $135,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in Mueller Water Products in the second quarter valued at approximately $140,000. HighTower Advisors LLC purchased a new stake in Mueller Water Products in the first quarter valued at approximately $143,000. Finally, Teacher Retirement System of Texas boosted its position in Mueller Water Products by 1.5% in the second quarter. Teacher Retirement System of Texas now owns 13,074 shares of the industrial products company’s stock valued at $153,000 after buying an additional 191 shares during the last quarter. Hedge funds and other institutional investors own 84.66% of the company’s stock.
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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