Mueller Water Products (NYSE:MWA) Earns "Buy (B)" Rating from Weiss Ratings

Key Points

• Mueller Water Products received a restated "buy (B)" rating from Weiss Ratings, indicating positive analyst sentiment towards the stock.
• Despite a recent drop of 1.5% in stock price to $25.36, the company maintains a strong market capitalization of $3.96 billion and a consensus target price of $28.33.
• Significant insider activity includes Director Thomas J. Hansen selling 24,005 shares, representing a 21.79% decrease in his position, while Director Brian C. Healy purchased 1,070 shares, increasing his ownership by 6.80%.

Mueller Water Products (NYSE:MWA - Get Free Report)'s stock had its "buy (b)" rating restated by research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen raised shares of Mueller Water Products from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $28.33.

Mueller Water Products Trading Down 1.5%

MWA stock traded down $0.38 during trading on Wednesday, reaching $25.36. 74,588 shares of the stock were exchanged, compared to its average volume of 1,661,342. The company has a current ratio of 3.86, a quick ratio of 2.56 and a debt-to-equity ratio of 0.48. The business has a 50 day moving average price of $25.84 and a 200-day moving average price of $25.18. Mueller Water Products has a 1 year low of $21.35 and a 1 year high of $28.58. The firm has a market capitalization of $3.96 billion, a price-to-earnings ratio of 26.99, a P/E/G ratio of 1.19 and a beta of 1.18.

Mueller Water Products (NYSE:MWA - Get Free Report) last issued its earnings results on Monday, August 4th. The industrial products company reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.35 by ($0.01). The firm had revenue of $380.30 million for the quarter, compared to analysts' expectations of $366.82 million. Mueller Water Products had a return on equity of 20.89% and a net margin of 10.67%.Mueller Water Products's revenue for the quarter was up 6.6% on a year-over-year basis. During the same period last year, the firm earned $0.32 earnings per share. Mueller Water Products has set its FY 2025 guidance at EPS. On average, research analysts predict that Mueller Water Products will post 1.24 earnings per share for the current year.

Insider Activity at Mueller Water Products

In related news, Director Thomas J. Hansen sold 24,005 shares of the company's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $26.15, for a total value of $627,730.75. Following the completion of the sale, the director owned 86,163 shares in the company, valued at $2,253,162.45. This represents a 21.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Brian C. Healy purchased 1,070 shares of the business's stock in a transaction dated Tuesday, October 7th. The stock was bought at an average price of $25.78 per share, with a total value of $27,584.60. Following the acquisition, the director directly owned 16,800 shares in the company, valued at approximately $433,104. This represents a 6.80% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 34,664 shares of company stock worth $909,819 in the last 90 days. 1.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Mueller Water Products

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Mueller Water Products by 16.8% in the 1st quarter. Vanguard Group Inc. now owns 19,795,482 shares of the industrial products company's stock valued at $503,201,000 after acquiring an additional 2,840,895 shares during the last quarter. Invesco Ltd. grew its stake in Mueller Water Products by 19.4% in the 2nd quarter. Invesco Ltd. now owns 5,825,366 shares of the industrial products company's stock valued at $140,042,000 after acquiring an additional 945,258 shares during the last quarter. First Trust Advisors LP grew its stake in Mueller Water Products by 66.1% in the 2nd quarter. First Trust Advisors LP now owns 5,535,000 shares of the industrial products company's stock valued at $133,061,000 after acquiring an additional 2,203,088 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in Mueller Water Products by 66.2% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 5,401,086 shares of the industrial products company's stock valued at $137,296,000 after acquiring an additional 2,152,096 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Mueller Water Products by 21.8% in the 2nd quarter. Geode Capital Management LLC now owns 4,449,896 shares of the industrial products company's stock valued at $106,987,000 after acquiring an additional 796,596 shares during the last quarter. 91.68% of the stock is owned by institutional investors and hedge funds.

About Mueller Water Products

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.

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