Wall Street Zen upgraded shares of Mueller Water Products (NYSE:MWA – Free Report) from a hold rating to a buy rating in a report issued on Monday.
Other analysts also recently issued reports about the company. Weiss Ratings downgraded Mueller Water Products from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, July 24th. Barclays assumed coverage on Mueller Water Products in a report on Tuesday, June 30th. They set an “underweight” rating and a $25.00 target price for the company. Robert W. Baird set a $35.00 target price on shares of Mueller Water Products in a research report on Friday. The Goldman Sachs Group restated a “neutral” rating and issued a $29.00 price target on shares of Mueller Water Products in a research note on Wednesday, May 6th. Finally, Royal Bank Of Canada lowered their price target on shares of Mueller Water Products from $31.00 to $30.00 and set a “sector perform” rating on the stock in a research report on Friday. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $30.20.
Get Our Latest Stock Report on Mueller Water Products
Mueller Water Products Trading Down 2.2%
Mueller Water Products (NYSE:MWA – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.11. The company had revenue of $395.90 million during the quarter, compared to analysts’ expectations of $391.49 million. Mueller Water Products had a return on equity of 23.55% and a net margin of 15.02%.The business’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.34 earnings per share. As a group, analysts predict that Mueller Water Products will post 1.53 earnings per share for the current year.
Mueller Water Products Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Monday, August 10th will be paid a dividend of $0.07 per share. The ex-dividend date is Monday, August 10th. This represents a $0.28 annualized dividend and a yield of 1.1%. Mueller Water Products’s dividend payout ratio is presently 19.86%.
Insiders Place Their Bets
In other news, CEO Paul Mcandrew sold 40,000 shares of Mueller Water Products stock in a transaction on Monday, August 10th. The stock was sold at an average price of $26.39, for a total value of $1,055,600.00. Following the transaction, the chief executive officer owned 42,556 shares in the company, valued at approximately $1,123,052.84. This trade represents a 48.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Brian C. Healy purchased 1,183 shares of the stock in a transaction dated Tuesday, July 7th. The shares were acquired at an average cost of $25.33 per share, with a total value of $29,965.39. Following the acquisition, the director directly owned 24,946 shares in the company, valued at $631,882.18. This represents a 4.98% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.10% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. State Street Corp grew its holdings in shares of 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 increased its position in Mueller Water Products by 34.0% in the 1st quarter. First Trust Advisors LP now owns 6,036,679 shares of the industrial products company’s stock valued at $165,948,000 after acquiring an additional 1,530,193 shares during the period. Dimensional Fund Advisors LP raised its position in Mueller Water Products by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,613,397 shares of the industrial products company’s stock worth $86,075,000 after purchasing an additional 22,056 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Mueller Water Products by 1.2% in the 4th 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 during the last quarter. Finally, Franklin Resources Inc. raised its position in shares of Mueller Water Products by 6.0% in the 4th quarter. Franklin Resources Inc. now owns 3,241,253 shares of the industrial products company’s stock worth $77,207,000 after acquiring an additional 182,905 shares in the last quarter. Institutional investors and hedge funds own 91.68% of the company’s stock.
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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