Mueller Water Products, Inc. (NYSE:MWA - Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as $19.43 and last traded at $19.31, with a volume of 47045 shares changing hands. The stock had previously closed at $19.14.
Wall Street Analysts Forecast Growth
MWA has been the topic of several recent research reports. Baird R W upgraded Mueller Water Products to a "hold" rating in a research note on Wednesday, May 8th. Robert W. Baird boosted their target price on shares of Mueller Water Products from $18.00 to $24.00 and gave the stock a "neutral" rating in a report on Wednesday, May 8th. StockNews.com upgraded Mueller Water Products from a "hold" rating to a "buy" rating in a research report on Thursday, May 9th. Oppenheimer raised shares of Mueller Water Products from a "market perform" rating to an "outperform" rating and set a $19.00 price objective for the company in a research report on Thursday, April 18th. Finally, The Goldman Sachs Group increased their price target on Mueller Water Products from $15.00 to $17.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 13th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $20.00.
Get Our Latest Research Report on MWA
Mueller Water Products Stock Up 0.1 %
The stock has a market cap of $2.98 billion, a PE ratio of 30.13, a price-to-earnings-growth ratio of 2.03 and a beta of 1.33. The business has a 50-day moving average price of $16.04 and a 200-day moving average price of $14.73. The company has a current ratio of 3.53, a quick ratio of 2.08 and a debt-to-equity ratio of 0.59.
Mueller Water Products (NYSE:MWA - Get Free Report) last announced its earnings results on Monday, May 6th. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.15. Mueller Water Products had a net margin of 8.10% and a return on equity of 16.97%. The business had revenue of $353.40 million for the quarter, compared to analyst estimates of $299.62 million. During the same quarter last year, the business earned $0.14 earnings per share. The company's revenue for the quarter was up 6.2% compared to the same quarter last year. As a group, analysts forecast that Mueller Water Products, Inc. will post 0.79 earnings per share for the current year.
Mueller Water Products Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Friday, May 10th will be paid a $0.064 dividend. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Thursday, May 9th. Mueller Water Products's dividend payout ratio is presently 40.63%.
Insider Activity at Mueller Water Products
In other news, SVP Kenji Takeuchi sold 6,658 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $15.62, for a total value of $103,997.96. Following the completion of the sale, the senior vice president now directly owns 34,196 shares in the company, valued at $534,141.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, SVP Kenji Takeuchi sold 6,658 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $15.62, for a total value of $103,997.96. Following the completion of the sale, the senior vice president now owns 34,196 shares of the company's stock, valued at $534,141.52. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Arsdell Stephen C. Van acquired 10,000 shares of Mueller Water Products stock in a transaction that occurred on Friday, March 1st. The shares were bought at an average price of $15.42 per share, for a total transaction of $154,200.00. Following the transaction, the director now owns 80,603 shares of the company's stock, valued at approximately $1,242,898.26. The disclosure for this purchase can be found here. 1.40% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Mueller Water Products
A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Mueller Water Products by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 15,231,209 shares of the industrial products company's stock worth $245,070,000 after purchasing an additional 227,843 shares during the period. Nuance Investments LLC raised its stake in shares of Mueller Water Products by 8.4% in the 4th quarter. Nuance Investments LLC now owns 13,161,657 shares of the industrial products company's stock valued at $189,528,000 after acquiring an additional 1,022,785 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Mueller Water Products by 14.9% in the 4th quarter. Franklin Resources Inc. now owns 7,498,710 shares of the industrial products company's stock worth $107,981,000 after acquiring an additional 974,333 shares during the last quarter. Brown Advisory Inc. lifted its holdings in shares of Mueller Water Products by 6.8% in the 4th quarter. Brown Advisory Inc. now owns 6,740,893 shares of the industrial products company's stock worth $97,069,000 after acquiring an additional 430,572 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Mueller Water Products by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,417,005 shares of the industrial products company's stock valued at $78,006,000 after purchasing an additional 138,018 shares during the period. Hedge funds and other institutional investors own 91.68% of the company's stock.
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.
Featured Articles
Before you consider Mueller Water Products, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mueller Water Products wasn't on the list.
While Mueller Water Products currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
