Mueller Water Products, Inc. (NYSE:MWA) Receives $12.20 Average PT from Analysts

Shares of Mueller Water Products, Inc. (NYSE:MWA) have earned a consensus recommendation of “Hold” from the ten brokerages that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $12.20.

A number of research analysts recently issued reports on the stock. Oppenheimer set a $13.00 price objective on shares of Alpine Immune Sciences and gave the company a “buy” rating in a report on Tuesday, March 19th. Seaport Global Securities assumed coverage on shares of United Technologies in a report on Friday, May 10th. They set a “neutral” rating and a $136.86 price objective for the company. Boenning Scattergood restated a “hold” rating on shares of Mueller Water Products in a report on Tuesday, May 7th. Goldman Sachs Group assumed coverage on shares of Tricida in a report on Wednesday, June 26th. They set a “buy” rating and a $48.00 price objective for the company. Finally, ValuEngine upgraded shares of Zogenix from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 27th.

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

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. lifted its position in shares of Mueller Water Products by 0.8% in the fourth quarter. BlackRock Inc. now owns 11,178,027 shares of the industrial products company’s stock worth $101,720,000 after purchasing an additional 92,741 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Mueller Water Products by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,309,406 shares of the industrial products company’s stock worth $57,416,000 after purchasing an additional 44,193 shares in the last quarter. Gamco Investors INC. ET AL lifted its position in shares of Mueller Water Products by 5.9% in the first quarter. Gamco Investors INC. ET AL now owns 6,015,608 shares of the industrial products company’s stock worth $60,397,000 after purchasing an additional 337,316 shares in the last quarter. Norges Bank bought a new stake in Mueller Water Products during the fourth quarter worth $50,182,000. Finally, Amundi Pioneer Asset Management Inc. raised its position in Mueller Water Products by 69.1% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 2,175,379 shares of the industrial products company’s stock worth $21,840,000 after acquiring an additional 888,715 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

NYSE MWA traded up $0.16 during trading on Friday, reaching $9.60. 608,620 shares of the stock traded hands, compared to its average volume of 688,431. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 18.11, a price-to-earnings-growth ratio of 1.27 and a beta of 1.17. The firm’s 50-day moving average is $9.63. The company has a current ratio of 3.07, a quick ratio of 1.89 and a debt-to-equity ratio of 0.81. Mueller Water Products has a fifty-two week low of $8.47 and a fifty-two week high of $12.59.

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

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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