Shares of Mueller Water Products (NYSE:MWA – Get Free Report) have received an average recommendation of “Hold” from the five analysts that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $30.20.
MWA has been the topic of several research reports. Weiss Ratings upgraded shares of Mueller Water Products from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday. Barclays started coverage on Mueller Water Products in a research note on Tuesday, June 30th. They issued an “underweight” rating and a $25.00 target price for the company. Robert W. Baird set a $35.00 price target on Mueller Water Products in a research note on Friday, August 7th. Royal Bank Of Canada cut their price target on Mueller Water Products from $31.00 to $30.00 and set a “sector perform” rating on the stock in a report on Friday, August 7th. Finally, 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.
Check Out Our Latest Stock Report on MWA
Mueller Water Products Stock Down 2.6%
Mueller Water Products (NYSE:MWA – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.11. Mueller Water Products had a net margin of 15.02% and a return on equity of 23.55%. The company had revenue of $395.90 million for the quarter, compared to analyst estimates of $391.49 million. During the same period in the prior year, the firm posted $0.34 EPS. The company’s quarterly revenue was up 4.1% on a year-over-year basis. Equities analysts predict that Mueller Water Products will post 1.53 EPS for the current year.
Mueller Water Products Dividend Announcement
The business also recently declared 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 dividend on an annualized basis and a yield of 1.1%. Mueller Water Products’s payout ratio is 19.86%.
Insider Activity at Mueller Water Products
In other news, CEO Paul Mcandrew sold 40,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 42,556 shares of the company’s stock, valued at $1,123,052.84. This represents a 48.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Brian C. Healy acquired 1,183 shares of Mueller Water Products stock in a transaction on Tuesday, July 7th. The stock was acquired at an average price of $25.33 per share, with a total value of $29,965.39. Following the purchase, the director directly owned 24,946 shares in the company, valued at approximately $631,882.18. This trade represents a 4.98% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.10% of the stock is owned by insiders.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in MWA. Maryland State Retirement & Pension System raised its position in shares of Mueller Water Products by 1.5% in the fourth quarter. Maryland State Retirement & Pension System now owns 22,808 shares of the industrial products company’s stock valued at $543,000 after purchasing an additional 339 shares during the period. GAMMA Investing LLC grew its stake in Mueller Water Products by 10.4% in the 2nd quarter. GAMMA Investing LLC now owns 4,487 shares of the industrial products company’s stock valued at $116,000 after buying an additional 421 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in Mueller Water Products by 47.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,323 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 423 shares during the period. Steward Partners Investment Advisory LLC lifted its position in shares of Mueller Water Products by 44.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,517 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 469 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its holdings in shares of Mueller Water Products by 1.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 35,732 shares of the industrial products company’s stock worth $851,000 after acquiring an additional 500 shares during the period. Institutional investors 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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