Analysts Set Mueller Water Products, Inc. (NYSE:MWA) Price Target at $17.50

Mueller Water Products, Inc. (NYSE:MWA) has been given an average rating of “Hold” by the seven analysts that are covering the company, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $17.50.

Several equities analysts have commented on MWA shares. Royal Bank of Canada upped their price objective on Mueller Water Products from $14.00 to $15.00 and gave the company a “sector perform” rating in a research report on Monday, February 12th. Oppenheimer raised shares of Mueller Water Products from a “market perform” rating to an “outperform” rating and set a $19.00 target price on the stock in a research report on Thursday, April 18th. StockNews.com lowered Mueller Water Products from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, The Goldman Sachs Group upped their target price on Mueller Water Products from $15.00 to $17.00 and gave the stock a “neutral” rating in a report on Tuesday, February 13th.

Insider Buying and Selling

In other news, Director Arsdell Stephen C. Van bought 10,000 shares of Mueller Water Products stock in a transaction on Friday, March 1st. The stock was acquired at an average price of $15.42 per share, with a total value of $154,200.00. Following the completion of the acquisition, the director now directly owns 80,603 shares of the company’s stock, valued at $1,242,898.26. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Arsdell Stephen C. Van acquired 10,000 shares of Mueller Water Products stock in a transaction that occurred on Friday, March 1st. The shares were purchased at an average cost of $15.42 per share, for a total transaction of $154,200.00. Following the acquisition, the director now owns 80,603 shares in the company, valued at $1,242,898.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Paul Mcandrew sold 23,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $15.02, for a total transaction of $345,460.00. Following the completion of the transaction, the chief operating officer now owns 6,701 shares in the company, valued at $100,649.02. The disclosure for this sale can be found here. Insiders have sold a total of 69,458 shares of company stock valued at $1,052,260 over the last ninety days. Company insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On Mueller Water Products

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Mueller Water Products by 7.3% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 10,736 shares of the industrial products company’s stock valued at $155,000 after buying an additional 735 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in Mueller Water Products by 1.2% in the third quarter. Janney Montgomery Scott LLC now owns 73,018 shares of the industrial products company’s stock valued at $926,000 after purchasing an additional 880 shares during the last quarter. Canvas Wealth Advisors LLC increased its position in shares of Mueller Water Products by 1.7% in the fourth quarter. Canvas Wealth Advisors LLC now owns 57,189 shares of the industrial products company’s stock valued at $793,000 after buying an additional 963 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of Mueller Water Products by 0.7% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 159,471 shares of the industrial products company’s stock worth $2,022,000 after buying an additional 1,110 shares during the last quarter. Finally, Truist Financial Corp lifted its holdings in shares of Mueller Water Products by 6.0% in the fourth quarter. Truist Financial Corp now owns 28,977 shares of the industrial products company’s stock valued at $417,000 after purchasing an additional 1,642 shares in the last quarter. 91.68% of the stock is owned by institutional investors and hedge funds.

Mueller Water Products Stock Up 0.3 %

NYSE MWA opened at $16.23 on Wednesday. The company has a quick ratio of 1.89, a current ratio of 3.29 and a debt-to-equity ratio of 0.61. Mueller Water Products has a 52 week low of $12.11 and a 52 week high of $16.93. The firm has a market capitalization of $2.53 billion, a price-to-earnings ratio of 32.46, a PEG ratio of 1.93 and a beta of 1.33. The company has a fifty day moving average of $15.69 and a two-hundred day moving average of $14.45.

Mueller Water Products (NYSE:MWA) last posted its quarterly earnings data on Friday, February 9th. The industrial products company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.04. The company had revenue of $256.40 million for the quarter, compared to analyst estimates of $250.64 million. Mueller Water Products had a net margin of 6.35% and a return on equity of 13.86%. The firm’s revenue for the quarter was down 18.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.13 EPS. On average, analysts predict that Mueller Water Products will post 0.69 earnings per share for the current year.

Mueller Water Products Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Friday, May 10th will be paid a $0.064 dividend. This represents a $0.26 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Thursday, May 9th. Mueller Water Products’s payout ratio is 52.00%.

Mueller Water Products Company Profile

Mueller Water Products, Inc manufactures and markets products and services for the transmission, distribution, and measurement of water used by municipalities, and the residential and non-residential construction industries in the United States, Israel, and internationally. It operates in two segments, Water Flow Solutions and Water Management Solutions.