Mueller Water Products, Inc. (NYSE:MWA) has earned a consensus recommendation of “Hold” from the ten analysts that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $14.00.
A number of research analysts recently weighed in on MWA shares. Oppenheimer restated an “outperform” rating and issued a $15.00 price objective on shares of Mueller Water Products in a report on Thursday, December 28th. They noted that the move was a valuation call. Cowen cut shares of Mueller Water Products from a “market perform” rating to an “underperform” rating and set a $11.00 price objective for the company. in a report on Friday, January 19th. Robert W. Baird restated a “hold” rating and issued a $14.00 price objective on shares of Mueller Water Products in a report on Friday, November 10th. Boenning Scattergood restated a “buy” rating and issued a $14.00 price objective on shares of Mueller Water Products in a report on Thursday, November 2nd. Finally, Nomura dropped their price objective on shares of Mueller Water Products from $17.00 to $15.00 and set a “buy” rating for the company in a report on Friday, February 2nd.
In other news, CFO Evan Hart sold 49,883 shares of Mueller Water Products stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $12.28, for a total value of $612,563.24. Following the transaction, the chief financial officer now directly owns 145,530 shares of the company’s stock, valued at approximately $1,787,108.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Gregory E. Hyland sold 50,000 shares of Mueller Water Products stock in a transaction on Monday, November 27th. The shares were sold at an average price of $12.34, for a total transaction of $617,000.00. Following the completion of the transaction, the chairman now directly owns 979,481 shares in the company, valued at $12,086,795.54. The disclosure for this sale can be found here. Insiders have sold a total of 426,640 shares of company stock valued at $5,273,096 in the last 90 days. Insiders own 3.00% of the company’s stock.
Shares of Mueller Water Products (MWA) traded up $0.03 on Wednesday, hitting $11.21. 234,048 shares of the company’s stock were exchanged, compared to its average volume of 1,242,663. Mueller Water Products has a 1-year low of $10.54 and a 1-year high of $12.99. The firm has a market capitalization of $1,782.81, a PE ratio of 10.57, a PEG ratio of 1.65 and a beta of 1.20. The company has a current ratio of 6.19, a quick ratio of 4.68 and a debt-to-equity ratio of 0.89.
Mueller Water Products (NYSE:MWA) last announced its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06. Mueller Water Products had a net margin of 20.51% and a return on equity of 15.25%. The business had revenue of $178.30 million during the quarter, compared to analysts’ expectations of $176.13 million. During the same period last year, the business earned $0.04 earnings per share. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. equities analysts forecast that Mueller Water Products will post 0.54 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 20th. Stockholders of record on Friday, February 9th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend was Thursday, February 8th. This is an increase from Mueller Water Products’s previous quarterly dividend of $0.04. Mueller Water Products’s payout ratio is currently 18.87%.
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.
Receive News & Ratings for Mueller Water Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mueller Water Products and related companies with MarketBeat.com's FREE daily email newsletter.