Mueller Water Products, Inc. (MWA) Receives Average Recommendation of “Hold” from Brokerages

Mueller Water Products, Inc. (NYSE:MWA) has been assigned a consensus recommendation of “Hold” from the ten brokerages that are presently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $13.10.

Several brokerages recently commented on MWA. Zacks Investment Research raised Mueller Water Products from a “sell” rating to a “hold” rating in a report on Wednesday, April 17th. Boenning Scattergood reaffirmed a “neutral” rating on shares of Mueller Water Products in a report on Tuesday, February 5th. TheStreet lowered Mueller Water Products from a “b-” rating to a “c” rating in a report on Tuesday, February 5th. Oppenheimer set a $13.00 price objective on Mueller Water Products and gave the stock a “buy” rating in a report on Wednesday, December 26th. Finally, ValuEngine raised Mueller Water Products from a “sell” rating to a “hold” rating in a report on Tuesday, February 5th.

Shares of Mueller Water Products stock traded down $0.11 on Monday, reaching $10.88. The company’s stock had a trading volume of 3,201 shares, compared to its average volume of 665,230. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 1.41 and a beta of 1.08. Mueller Water Products has a 52 week low of $8.47 and a 52 week high of $12.59. The company has a current ratio of 3.14, a quick ratio of 1.99 and a debt-to-equity ratio of 0.83.

Mueller Water Products (NYSE:MWA) last posted its earnings results on Monday, February 4th. The industrial products company reported $0.07 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.07. The business had revenue of $192.80 million during the quarter, compared to analyst estimates of $196.74 million. Mueller Water Products had a return on equity of 16.10% and a net margin of 3.17%. On average, equities research analysts forecast that Mueller Water Products will post 0.62 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of MWA. Prudential Financial Inc. lifted its position in Mueller Water Products by 6.7% during the fourth quarter. Prudential Financial Inc. now owns 19,223 shares of the industrial products company’s stock valued at $175,000 after purchasing an additional 1,212 shares in the last quarter. BW Gestao de Investimentos Ltda. lifted its position in Mueller Water Products by 2.7% during the fourth quarter. BW Gestao de Investimentos Ltda. now owns 69,817 shares of the industrial products company’s stock valued at $635,000 after purchasing an additional 1,804 shares in the last quarter. Manning & Napier Group LLC lifted its position in Mueller Water Products by 2.1% during the first quarter. Manning & Napier Group LLC now owns 88,671 shares of the industrial products company’s stock valued at $889,000 after purchasing an additional 1,826 shares in the last quarter. Hsbc Holdings PLC lifted its position in Mueller Water Products by 12.7% during the fourth quarter. Hsbc Holdings PLC now owns 16,331 shares of the industrial products company’s stock valued at $148,000 after purchasing an additional 1,840 shares in the last quarter. Finally, LPL Financial LLC lifted its position in Mueller Water Products by 6.9% during the fourth quarter. LPL Financial LLC now owns 43,912 shares of the industrial products company’s stock valued at $400,000 after purchasing an additional 2,819 shares in the last quarter. 89.97% 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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Analyst Recommendations for Mueller Water Products (NYSE:MWA)

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