Mueller Water Products (NYSE:MWA) Raised to Buy at Wall Street Zen

Mueller Water Products (NYSE:MWA - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Saturday.

Mueller Water Products Trading Down 0.6%

Shares of MWA stock traded down $0.15 during mid-day trading on Friday, reaching $25.14. The company's stock had a trading volume of 616,889 shares, compared to its average volume of 1,584,855. The company's 50 day simple moving average is $24.54 and its 200-day simple moving average is $24.78. Mueller Water Products has a 12-month low of $18.55 and a 12-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 $3.94 billion, a PE ratio of 27.63, a price-to-earnings-growth ratio of 1.36 and a beta of 1.18.

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 for the quarter, beating analysts' consensus estimates of $0.32 by $0.02. The business had revenue of $364.30 million during the quarter, compared to analyst estimates 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 revenue was up 3.1% on a year-over-year basis. During the same period last year, the business earned $0.30 EPS. On average, research analysts predict that Mueller Water Products will post 1.24 EPS for the current fiscal year.

Insider Buying and Selling at Mueller Water Products

In other Mueller Water Products news, Director Brian Slobodow sold 7,376 shares of the firm's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $24.57, for a total transaction of $181,228.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Brian C. Healy purchased 1,110 shares of the firm's stock in a transaction dated Monday, July 7th. The stock was acquired at an average cost of $24.74 per share, with a total value of $27,461.40. Following the completion of the acquisition, the director directly owned 15,730 shares in the company, valued at approximately $389,160.20. This trade represents a 7.59% increase in their position. The disclosure for this purchase can be found here. 1.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Optiver Holding B.V. acquired a new position in shares of Mueller Water Products in the 4th quarter valued at about $29,000. Tower Research Capital LLC TRC lifted its position in 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 valued at $40,000 after purchasing an additional 1,113 shares during the last quarter. Byrne Asset Management LLC lifted its position 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 purchasing an additional 658 shares during the last quarter. Olde Wealth Management LLC bought a new stake in Mueller Water Products in the 1st quarter valued at about $42,000. Finally, Nisa Investment Advisors LLC lifted its position 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 valued at $43,000 after purchasing an additional 1,104 shares during the last quarter. 91.68% of the stock is owned by institutional investors and hedge funds.

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.