ValuEngine Lowers Mueller Water Products (NYSE:MWA) to Sell

ValuEngine downgraded shares of Mueller Water Products (NYSE:MWA) from a hold rating to a sell rating in a research note published on Thursday, ValuEngine reports.

MWA has been the topic of several other reports. Goldman Sachs Group cut shares of Mueller Water Products from a neutral rating to a sell rating and cut their price objective for the company from $10.00 to $8.00 in a research report on Wednesday, June 26th. Oppenheimer set a $13.00 price objective on shares of Mueller Water Products and gave the company a buy rating in a research report on Tuesday, March 19th. Zacks Investment Research raised shares of Mueller Water Products from a sell rating to a hold rating in a research report on Wednesday, April 17th. Seaport Global Securities raised shares of Mueller Water Products from a neutral rating to a buy rating and set a $11.00 price objective on the stock in a research report on Friday, May 10th. Finally, Boenning Scattergood reaffirmed a hold rating on shares of Mueller Water Products in a research report on Tuesday, May 7th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $11.83.

MWA opened at $9.82 on Thursday. The company has a market cap of $1.56 billion, a PE ratio of 18.53, a P/E/G ratio of 1.32 and a beta of 1.18. Mueller Water Products has a 12 month low of $8.47 and a 12 month high of $12.59. The company has a fifty day moving average of $9.53. The company has a quick ratio of 1.89, a current ratio of 3.07 and a debt-to-equity ratio of 0.81.

Mueller Water Products (NYSE:MWA) last posted its quarterly earnings data on Monday, May 6th. The industrial products company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.02). The company had revenue of $234.00 million during the quarter, compared to the consensus estimate of $252.06 million. Mueller Water Products had a net margin of 3.24% and a return on equity of 15.89%. The company’s revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.12 earnings per share. As a group, equities research analysts predict that Mueller Water Products will post 0.6 EPS for the current fiscal year.

In other Mueller Water Products news, Director Shirley C. Franklin sold 6,700 shares of the business’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $9.55, for a total transaction of $63,985.00. Following the sale, the director now directly owns 52,892 shares of the company’s stock, valued at approximately $505,118.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Bernard G. Rethore purchased 10,000 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were acquired at an average cost of $9.19 per share, for a total transaction of $91,900.00. The disclosure for this purchase can be found here. Insiders own 1.70% of the company’s stock.

A number of large investors have recently modified their holdings of MWA. Prudential Financial Inc. increased its stake in shares of Mueller Water Products by 6.7% during the 4th quarter. Prudential Financial Inc. now owns 19,223 shares of the industrial products company’s stock worth $175,000 after purchasing an additional 1,212 shares during the last quarter. BW Gestao de Investimentos Ltda. increased its stake in shares of Mueller Water Products by 2.7% during the 4th quarter. BW Gestao de Investimentos Ltda. now owns 69,817 shares of the industrial products company’s stock worth $635,000 after purchasing an additional 1,804 shares during the last quarter. Manning & Napier Group LLC increased its stake in shares of Mueller Water Products by 2.1% during the 1st quarter. Manning & Napier Group LLC now owns 88,671 shares of the industrial products company’s stock worth $889,000 after purchasing an additional 1,826 shares during the last quarter. Hsbc Holdings PLC increased its stake in shares of Mueller Water Products by 12.7% during the 4th quarter. Hsbc Holdings PLC now owns 16,331 shares of the industrial products company’s stock worth $148,000 after purchasing an additional 1,840 shares during the last quarter. Finally, LPL Financial LLC increased its stake in shares of Mueller Water Products by 6.9% during the 4th quarter. LPL Financial LLC now owns 43,912 shares of the industrial products company’s stock worth $400,000 after purchasing an additional 2,819 shares during the last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

About Mueller Water Products

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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