Mueller Water Products (NYSE:MWA - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Sunday.
Mueller Water Products Stock Down 3.1%
Shares of NYSE:MWA opened at $23.12 on Friday. The firm has a 50 day simple moving average of $24.98 and a 200 day simple moving average of $24.79. Mueller Water Products has a 52 week low of $17.09 and a 52 week high of $28.58. The company has a market cap of $3.62 billion, a PE ratio of 26.88, a price-to-earnings-growth ratio of 1.43 and a beta of 1.21. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.83.
Mueller Water Products (NYSE:MWA - Get Free Report) last announced its earnings results on Monday, May 5th. The industrial products company reported $0.34 EPS for the quarter, topping the consensus estimate 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 10.05% and a return on equity of 21.18%. The firm's revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.30 earnings per share. As a group, research analysts expect that Mueller Water Products will post 1.24 earnings per share for the current year.
Insider Transactions at Mueller Water Products
In related news, Director Brian Slobodow sold 7,376 shares of Mueller Water Products stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $24.57, for a total transaction of $181,228.32. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Brian C. Healy purchased 1,085 shares of the firm's stock in a transaction dated Friday, May 16th. The stock was purchased at an average cost of $25.32 per share, with a total value of $27,472.20. Following the acquisition, the director now directly owns 14,620 shares in the company, valued at $370,178.40. This trade represents a 8.02% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.10% of the company's stock.
Institutional Investors Weigh In On Mueller Water Products
A number of institutional investors have recently modified their holdings of the company. Optiver Holding B.V. bought a new stake in shares of Mueller Water Products during the 4th quarter valued at $29,000. Tower Research Capital LLC TRC raised its stake in shares of Mueller Water Products by 171.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,761 shares of the industrial products company's stock worth $40,000 after buying an additional 1,113 shares during the period. Byrne Asset Management LLC increased its holdings in Mueller Water Products by 73.1% in the 1st quarter. Byrne Asset Management LLC now owns 1,558 shares of the industrial products company's stock valued at $40,000 after acquiring an additional 658 shares during the last quarter. Olde Wealth Management LLC bought a new position in shares of Mueller Water Products during the 1st quarter valued at approximately $42,000. Finally, Nisa Investment Advisors LLC grew its stake in 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. 91.68% of the stock is owned by institutional investors.
Mueller Water Products Company Profile
(
Get Free Report)
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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