Q3 2024 EPS Estimates for Mueller Water Products, Inc. Lifted by Seaport Res Ptn (NYSE:MWA)

Mueller Water Products, Inc. (NYSE:MWA - Free Report) - Seaport Res Ptn upped their Q3 2024 EPS estimates for Mueller Water Products in a report issued on Wednesday, May 8th. Seaport Res Ptn analyst W. Liptak now expects that the industrial products company will post earnings of $0.21 per share for the quarter, up from their previous forecast of $0.19. The consensus estimate for Mueller Water Products' current full-year earnings is $0.69 per share. Seaport Res Ptn also issued estimates for Mueller Water Products' FY2024 earnings at $0.82 EPS, Q1 2025 earnings at $0.17 EPS, Q2 2025 earnings at $0.28 EPS, Q3 2025 earnings at $0.24 EPS and FY2025 earnings at $0.90 EPS.

A number of other equities analysts also recently issued reports on the stock. Robert W. Baird increased their price target on shares of Mueller Water Products from $18.00 to $24.00 and gave the stock a "neutral" rating in a research note on Wednesday. Oppenheimer upgraded Mueller Water Products from a "market perform" rating to an "outperform" rating and set a $19.00 target price for the company in a research note on Thursday, April 18th. The Goldman Sachs Group lifted their price target on Mueller Water Products from $15.00 to $17.00 and gave the company a "neutral" rating in a research report on Tuesday, February 13th. Royal Bank of Canada increased their price objective on Mueller Water Products from $17.00 to $20.00 and gave the stock a "sector perform" rating in a report on Wednesday. Finally, StockNews.com upgraded shares of Mueller Water Products from a "hold" rating to a "buy" rating in a report on Thursday. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $20.00.

Mueller Water Products Trading Up 1.6 %

NYSE MWA traded up $0.30 during trading on Thursday, hitting $19.16. The company had a trading volume of 3,387,382 shares, compared to its average volume of 1,208,988. The company's fifty day moving average is $15.89 and its 200-day moving average is $14.61. Mueller Water Products has a one year low of $12.11 and a one year high of $19.17. The company has a current ratio of 3.29, a quick ratio of 1.89 and a debt-to-equity ratio of 0.61. The company has a market cap of $2.99 billion, a price-to-earnings ratio of 29.94, a price-to-earnings-growth ratio of 1.97 and a beta of 1.33.

Mueller Water Products (NYSE:MWA - Get Free Report) last released its quarterly earnings data on Monday, May 6th. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.15. Mueller Water Products had a net margin of 6.35% and a return on equity of 13.86%. The firm had revenue of $353.40 million for the quarter, compared to analysts' expectations of $299.62 million. During the same quarter in the previous year, the company earned $0.14 earnings per share. The company's revenue for the quarter was up 6.2% compared to the same quarter last year.

Institutional Trading of Mueller Water Products

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. purchased a new stake in shares of Mueller Water Products in the fourth quarter worth about $1,018,000. MQS Management LLC bought a new position in Mueller Water Products during the third quarter valued at $213,000. State Board of Administration of Florida Retirement System grew its stake in shares of Mueller Water Products by 0.7% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 159,471 shares of the industrial products company's stock worth $2,022,000 after buying an additional 1,110 shares in the last quarter. Pearl River Capital LLC bought a new stake in shares of Mueller Water Products in the 3rd quarter worth about $408,000. Finally, Invesco Ltd. raised its position in shares of Mueller Water Products by 31.4% during the 3rd quarter. Invesco Ltd. now owns 2,440,275 shares of the industrial products company's stock valued at $30,943,000 after buying an additional 582,795 shares in the last quarter. Institutional investors own 91.68% of the company's stock.

Insider Activity

In other Mueller Water Products news, COO Paul Mcandrew sold 23,000 shares of the business's stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $15.02, for a total value of $345,460.00. Following the completion of the transaction, the chief operating officer now owns 6,701 shares of the company's stock, valued at approximately $100,649.02. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, SVP Todd P. Helms sold 37,000 shares of the business's stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $15.15, for a total transaction of $560,550.00. Following the completion of the sale, the senior vice president now owns 41,181 shares of the company's stock, valued at approximately $623,892.15. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Paul Mcandrew sold 23,000 shares of the business's stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $15.02, for a total value of $345,460.00. Following the transaction, the chief operating officer now owns 6,701 shares of the company's stock, valued at $100,649.02. The disclosure for this sale can be found here. Insiders have sold a total of 69,458 shares of company stock valued at $1,052,260 over the last ninety days. 1.40% of the stock is currently owned by corporate insiders.

Mueller Water Products Dividend Announcement

The firm 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 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Thursday, May 9th. Mueller Water Products's dividend payout ratio is currently 39.06%.

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.