MUELLER WATER PRODUCTS (NYSE:MWA) Cut to Hold at Wall Street Zen

MUELLER WATER PRODUCTS (NYSE:MWA - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Sunday.

MUELLER WATER PRODUCTS Trading Down 0.2%

MUELLER WATER PRODUCTS stock traded down $0.04 during trading hours on Friday, reaching $23.38. 1,482,912 shares of the company's stock were exchanged, compared to its average volume of 1,587,677. The firm's 50 day simple moving average is $24.93 and its 200 day simple moving average is $24.76. MUELLER WATER PRODUCTS has a twelve month low of $17.09 and a twelve month high of $28.58. The company has a quick ratio of 2.49, a current ratio of 3.79 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $3.66 billion, a PE ratio of 25.69, a PEG ratio of 1.27 and a beta of 1.21.

MUELLER WATER PRODUCTS (NYSE:MWA - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The industrial products company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.02. The business had revenue of $364.30 million during the quarter, compared to analysts' expectations of $352.30 million. MUELLER WATER PRODUCTS had a net margin of 10.48% and a return on equity of 21.31%. The business's quarterly revenue was up 3.1% on a year-over-year basis. During the same period last year, the company posted $0.30 earnings per share. 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 Brian C. Healy purchased 1,085 shares of the business's stock in a transaction on Friday, May 16th. The stock was acquired at an average price of $25.32 per share, with a total value of $27,472.20. Following the purchase, the director now directly owns 14,620 shares in the company, valued at approximately $370,178.40. This represents a 8.02% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Brian Slobodow sold 7,376 shares of the business's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $24.57, for a total transaction of $181,228.32. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On MUELLER WATER PRODUCTS

Several institutional investors and hedge funds have recently bought and sold shares of MWA. Optiver Holding B.V. bought a new position in MUELLER WATER PRODUCTS in the fourth quarter worth $29,000. Byrne Asset Management LLC boosted its holdings in shares of MUELLER WATER PRODUCTS by 73.1% during the 1st quarter. Byrne Asset Management LLC now owns 1,558 shares of the industrial products company's stock valued at $40,000 after buying an additional 658 shares in the last quarter. Olde Wealth Management LLC purchased a new stake in shares of MUELLER WATER PRODUCTS in the 1st quarter worth about $42,000. Nisa Investment Advisors LLC increased its stake in shares of MUELLER WATER PRODUCTS by 184.6% in the 1st quarter. Nisa Investment Advisors LLC now owns 1,702 shares of the industrial products company's stock worth $43,000 after acquiring an additional 1,104 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in shares of MUELLER WATER PRODUCTS by 171.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,761 shares of the industrial products company's stock worth $40,000 after acquiring an additional 1,113 shares in the last quarter. Hedge funds and other institutional investors own 91.68% of the company's stock.

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.