Mueller Water Products (NYSE:MWA - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Saturday.
Mueller Water Products Price Performance
Shares of NYSE MWA traded up $0.01 during trading on Friday, reaching $24.60. The company had a trading volume of 820,445 shares, compared to its average volume of 1,571,043. The company has a current ratio of 3.83, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $3.85 billion, a PE ratio of 28.60, a price-to-earnings-growth ratio of 1.43 and a beta of 1.21. Mueller Water Products has a twelve month low of $17.09 and a twelve month high of $28.58. The stock has a 50-day moving average price of $24.93 and a two-hundred day moving average price of $24.83.
Mueller Water Products (NYSE:MWA - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.02. Mueller Water Products had a net margin of 10.05% and a return on equity of 21.18%. The company had revenue of $364.30 million for the quarter, compared to analysts' expectations of $352.30 million. During the same period last year, the company earned $0.30 EPS. The firm's revenue for the quarter was up 3.1% compared to the same quarter last year. As a group, sell-side 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 Slobodow sold 7,376 shares of Mueller Water Products stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $24.57, for a total value of $181,228.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brian C. Healy acquired 1,085 shares of the firm's stock in a transaction on Friday, May 16th. The shares were bought at an average cost of $25.32 per share, with a total value of $27,472.20. Following the completion of the acquisition, the director now owns 14,620 shares in the company, valued at $370,178.40. This represents a 8.02% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.10% of the company's stock.
Institutional Trading of Mueller Water Products
Hedge funds and other institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. boosted its holdings in Mueller Water Products by 2,962.3% in the fourth quarter. Principal Financial Group Inc. now owns 3,015,009 shares of the industrial products company's stock worth $67,838,000 after purchasing an additional 2,916,552 shares during the period. Vanguard Group Inc. grew its holdings in shares of Mueller Water Products by 16.8% during the first quarter. Vanguard Group Inc. now owns 19,795,482 shares of the industrial products company's stock valued at $503,201,000 after purchasing an additional 2,840,895 shares during the last quarter. Nuveen LLC bought a new position in shares of Mueller Water Products during the first quarter valued at approximately $61,497,000. Fuller & Thaler Asset Management Inc. raised its position in shares of Mueller Water Products by 66.2% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 5,401,086 shares of the industrial products company's stock worth $137,296,000 after purchasing an additional 2,152,096 shares during the period. Finally, Westfield Capital Management Co. LP bought a new stake in shares of Mueller Water Products in the 1st quarter worth approximately $53,854,000. 91.68% of the stock is owned by institutional investors.
About Mueller Water Products
(
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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