Shares of Mueller Water Products (NYSE:MWA – Get Free Report) have received an average rating of “Hold” from the five research firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $30.00.
MWA has been the subject of a number of research reports. The Goldman Sachs Group reissued a “neutral” rating and issued a $29.00 price objective on shares of Mueller Water Products in a research note on Wednesday, May 6th. Royal Bank Of Canada upped their target price on Mueller Water Products from $30.00 to $31.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Mueller Water Products in a report on Tuesday, May 19th. Wall Street Zen downgraded shares of Mueller Water Products from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Finally, Barclays assumed coverage on shares of Mueller Water Products in a research note on Tuesday, June 30th. They set an “underweight” rating and a $25.00 price target for the company.
Get Our Latest Analysis on MWA
Insider Activity at Mueller Water Products
Hedge Funds Weigh In On Mueller Water Products
Several large investors have recently added to or reduced their stakes in the business. State Street Corp boosted its stake in Mueller Water Products by 4.2% during the 4th quarter. State Street Corp now owns 6,165,849 shares of the industrial products company’s stock valued at $146,871,000 after purchasing an additional 250,461 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Mueller Water Products by 34.0% in the first quarter. First Trust Advisors LP now owns 6,036,679 shares of the industrial products company’s stock worth $165,948,000 after purchasing an additional 1,530,193 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Mueller Water Products by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,613,397 shares of the industrial products company’s stock valued at $86,075,000 after purchasing an additional 22,056 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Mueller Water Products by 1.2% in the fourth quarter. Principal Financial Group Inc. now owns 3,262,684 shares of the industrial products company’s stock valued at $77,717,000 after purchasing an additional 37,148 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of Mueller Water Products by 6.0% during the fourth quarter. Franklin Resources Inc. now owns 3,241,253 shares of the industrial products company’s stock valued at $77,207,000 after buying an additional 182,905 shares during the last quarter. Institutional investors own 91.68% of the company’s stock.
Mueller Water Products Price Performance
MWA stock opened at $25.51 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 4.57 and a quick ratio of 2.92. The company’s 50-day moving average is $25.50 and its 200-day moving average is $26.97. The stock has a market capitalization of $3.99 billion, a PE ratio of 19.48, a price-to-earnings-growth ratio of 1.15 and a beta of 1.03. Mueller Water Products has a 1 year low of $22.74 and a 1 year high of $31.00.
Mueller Water Products (NYSE:MWA – Get Free Report) last issued its earnings results on Tuesday, April 21st. The industrial products company reported $2.16 EPS for the quarter. Mueller Water Products had a return on equity of 22.11% and a net margin of 14.17%.The business had revenue of $1.19 billion during the quarter. Equities research analysts expect that Mueller Water Products will post 1.47 EPS for the current fiscal year.
Mueller Water Products Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Monday, May 11th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Monday, May 11th. Mueller Water Products’s dividend payout ratio (DPR) is currently 21.37%.
About Mueller Water Products
Mueller Water Products, Inc is a leading provider of water infrastructure and flow control products and services designed to help water utilities and municipalities manage, control and measure their water distribution systems. The company’s portfolio includes a comprehensive range of products such as fire hydrants, valves, pipe repair systems, fittings and couplings, along with advanced metering and monitoring solutions. By combining traditional mechanical components with digital technologies, Mueller Water Products addresses the critical need for reliable and sustainable water distribution across North America.
The company’s operations are organized around two primary business segments.
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