Mueller Water Products (NYSE:MWA) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.
Several other research analysts have also recently weighed in on the stock. Cowen reissued a “sell” rating and issued a $10.00 price target on shares of Mueller Water Products in a report on Monday, April 2nd. Nomura lowered their price target on shares of Mueller Water Products from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, February 2nd. Boenning Scattergood cut shares of Mueller Water Products from an “outperform” rating to a “neutral” rating in a report on Friday, February 2nd. Finally, Oppenheimer reissued an “outperform” rating and issued a $15.00 price target on shares of Mueller Water Products in a report on Thursday, December 28th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $13.57.
Shares of NYSE:MWA opened at $10.04 on Tuesday. Mueller Water Products has a 52-week low of $9.89 and a 52-week high of $12.99. The stock has a market capitalization of $1,619.29, a P/E ratio of 22.82, a PEG ratio of 1.25 and a beta of 1.19. The company has a debt-to-equity ratio of 0.89, a current ratio of 6.19 and a quick ratio of 4.68.
Mueller Water Products (NYSE:MWA) last issued its earnings results on Thursday, February 1st. The industrial products company reported $0.06 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate 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 the consensus estimate of $176.13 million. During the same period last year, the business posted $0.04 EPS. Mueller Water Products’s revenue was up 6.6% on a year-over-year basis. sell-side analysts expect that Mueller Water Products will post 0.54 EPS for the current year.
Institutional investors have recently added to or reduced their stakes in the business. California Public Employees Retirement System raised its holdings in Mueller Water Products by 2.9% in the 4th quarter. California Public Employees Retirement System now owns 468,855 shares of the industrial products company’s stock valued at $5,875,000 after acquiring an additional 13,007 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Mueller Water Products by 8.4% during the third quarter. JPMorgan Chase & Co. now owns 206,228 shares of the industrial products company’s stock worth $2,656,000 after purchasing an additional 15,901 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in shares of Mueller Water Products by 7.4% during the third quarter. Schwab Charles Investment Management Inc. now owns 930,649 shares of the industrial products company’s stock worth $11,913,000 after purchasing an additional 64,086 shares during the period. Deutsche Bank AG increased its holdings in shares of Mueller Water Products by 49.6% during the fourth quarter. Deutsche Bank AG now owns 1,977,985 shares of the industrial products company’s stock worth $24,781,000 after purchasing an additional 655,742 shares during the period. Finally, First Trust Advisors LP increased its holdings in shares of Mueller Water Products by 13.0% during the fourth quarter. First Trust Advisors LP now owns 1,177,278 shares of the industrial products company’s stock worth $14,751,000 after purchasing an additional 135,675 shares during the period. 87.19% of the stock is currently owned by hedge funds and other institutional investors.
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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 through Infrastructure and Technologies segments. The Infrastructure segment offers valves for water and gas systems, including iron gate, butterfly, 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; small valves, meter bars, and line stopper fittings for use in gas systems; and machines and tools for tapping, drilling, extracting, installing, and stopping-off.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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