Equities Analysts Issue Forecasts for Mueller Water Products, Inc.'s Q4 2024 Earnings (NYSE:MWA)

Mueller Water Products, Inc. (NYSE:MWA - Free Report) - Equities researchers at Seaport Res Ptn reduced their Q4 2024 earnings per share estimates for Mueller Water Products in a research note issued on Wednesday, May 8th. Seaport Res Ptn analyst W. Liptak now forecasts that the industrial products company will post earnings of $0.19 per share for the quarter, down from their prior forecast of $0.21. 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' Q4 2025 earnings at $0.22 EPS.

A number of other brokerages also recently weighed in on MWA. Robert W. Baird lifted their price target on Mueller Water Products from $18.00 to $24.00 and gave the company a "neutral" rating in a report on Wednesday. Royal Bank of Canada boosted their target price on Mueller Water Products from $17.00 to $20.00 and gave the company a "sector perform" 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 on the stock in a research note on Thursday, April 18th. The Goldman Sachs Group boosted their target price on Mueller Water Products from $15.00 to $17.00 and gave the company a "neutral" rating in a research note on Tuesday, February 13th. Finally, StockNews.com upgraded Mueller Water Products from a "hold" rating to a "buy" rating in a research note on Thursday. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $20.00.

Mueller Water Products Stock Up 0.6 %

Shares of MWA stock traded up $0.11 on Friday, reaching $19.27. 2,129,214 shares of the company's stock traded hands, compared to its average volume of 1,220,600. Mueller Water Products has a 12-month low of $12.11 and a 12-month high of $19.42. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.89 and a current ratio of 3.29. The company has a market capitalization of $3.01 billion, a P/E ratio of 29.94, a price-to-earnings-growth ratio of 1.97 and a beta of 1.33. The business's 50 day moving average price is $15.89 and its two-hundred day moving average price is $14.61.

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, topping analysts' consensus estimates of $0.15 by $0.15. Mueller Water Products had a return on equity of 13.86% and a net margin of 6.35%. The company had revenue of $353.40 million for the quarter, compared to analyst estimates of $299.62 million. During the same period in the previous year, the firm earned $0.14 earnings per share. Mueller Water Products's revenue for the quarter was up 6.2% compared to the same quarter last year.

Mueller Water Products Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Friday, May 10th will be issued a $0.064 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.26 annualized dividend and a yield of 1.33%. Mueller Water Products's dividend payout ratio (DPR) is presently 39.06%.

Insiders Place Their Bets

In other Mueller Water Products news, SVP Kenji Takeuchi sold 6,658 shares of the firm's 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 sale, the senior vice president now owns 34,196 shares of the company's stock, valued at approximately $534,141.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, SVP Kenji Takeuchi sold 6,658 shares of the company's stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $15.62, for a total transaction of $103,997.96. Following the completion of the transaction, the senior vice president now owns 34,196 shares of the company's stock, valued at $534,141.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Todd P. Helms sold 37,000 shares of Mueller Water Products stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $15.15, for a total value of $560,550.00. Following the sale, the senior vice president now directly owns 41,181 shares in the company, valued at $623,892.15. The disclosure for this sale can be found here. Insiders sold a total of 69,458 shares of company stock valued at $1,052,260 in the last quarter. Insiders own 1.40% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Mueller Water Products by 1.5% in the first quarter. Vanguard Group Inc. now owns 15,231,209 shares of the industrial products company's stock valued at $245,070,000 after purchasing an additional 227,843 shares in the last quarter. Nuance Investments LLC raised its stake in Mueller Water Products by 8.4% during the fourth quarter. Nuance Investments LLC now owns 13,161,657 shares of the industrial products company's stock worth $189,528,000 after acquiring an additional 1,022,785 shares in the last quarter. Franklin Resources Inc. raised its stake in Mueller Water Products by 14.9% during the fourth 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 in the last quarter. Brown Advisory Inc. raised its stake in Mueller Water Products by 6.8% during the fourth 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 in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Mueller Water Products by 2.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,417,005 shares of the industrial products company's stock worth $78,006,000 after acquiring an additional 138,018 shares in the last quarter. 91.68% of the stock is currently 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.