Mueller Water Products (MWA) Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mueller Water Products in the last year. There are currently 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" MWA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MWA, but not buy additional shares or sell existing shares.
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7 Wall Street research analysts have issued 1 year price targets for Mueller Water Products' stock. Their MWA share price forecasts range from $12.00 to $19.00. On average, they predict the company's share price to reach $14.20 in the next year. This suggests a possible upside of 12.0% from the stock's current price.
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Mueller Water Products' stock was trading at $10.76 at the start of the year. Since then, MWA stock has increased by 17.8% and is now trading at $12.68.
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Mueller Water Products saw a increase in short interest in September. As of September 15th, there was short interest totaling 2,720,000 shares, an increase of 34.0% from the August 31st total of 2,030,000 shares. Based on an average trading volume of 993,000 shares, the short-interest ratio is currently 2.7 days. Approximately 1.8% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 6th 2023.
View our MWA earnings forecast.

Mueller Water Products, Inc. (NYSE:MWA) posted its quarterly earnings data on Thursday, August, 3rd. The industrial products company reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.20 by $0.02. The industrial products company had revenue of $326.60 million for the quarter, compared to the consensus estimate of $351.74 million. Mueller Water Products had a net margin of 5.77% and a trailing twelve-month return on equity of 12.22%. The business's revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.19 earnings per share.

Mueller Water Products declared a quarterly dividend on Wednesday, July 26th. Stockholders of record on Thursday, August 10th will be paid a dividend of $0.061 per share on Monday, August 21st. This represents a $0.24 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend is Wednesday, August 9th.
Read our dividend analysis for MWA.

ETFs with the largest weight of Mueller Water Products (NYSE:MWA) stock in their portfolio include First Trust RBA American Industrial Renaissance ETF (AIRR), SPDR S&P Kensho Intelligent Structures ETF (SIMS), Global X Clean Water ETF (AQWA), Invesco S&P Global Water Index ETF (CGW), First Trust Water ETF (FIW), iShares Environmental Infrastructure and Industrials ETF (EFRA), Invesco Water Resources ETF (PHO) and Timothy Plan US Small Cap Core ETF (TPSC).

Mueller Water Products (NYSE:MWA) pays an annual dividend of $0.24 per share and currently has a dividend yield of 1.92%. The company has been increasing its dividend for 8 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 48.98%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MWA will have a dividend payout ratio of 35.29% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MWA.

Mueller Water Products issued an update on its FY 2023 earnings guidance on Wednesday, August, 16th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.22 billion-$1.25 billion, compared to the consensus revenue estimate of $1.35 billion.

14 employees have rated Mueller Water Products Chief Executive Officer Scott Hall on Glassdoor.com. Scott Hall has an approval rating of 33% among the company's employees. This puts Scott Hall in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Mueller Water Products investors own include Enterprise Products Partners (EPD), Cisco Systems (CSCO), Intel (INTC), Pfizer (PFE), AT&T (T), Ford Motor (F), AbbVie (ABBV), Advanced Micro Devices (AMD), OPKO Health (OPK) and

Mueller Water Products trades on the New York Stock Exchange (NYSE) under the ticker symbol "MWA."

Shares of MWA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MWA stock can currently be purchased for approximately $12.68.

Mueller Water Products (NYSE:MWA) has a market capitalization of $1.98 billion and generates $1.25 billion in revenue each year. The industrial products company earns $76.60 million in net income (profit) each year or $0.49 on an earnings per share basis.

The company employs 3,600 workers across the globe.

Mueller Water Products' mailing address is 1200 Abernathy Road N.E.Suite 1200, ATLANTA GA, 30328. The official website for the company is www.muellerwaterproducts.com. The industrial products company can be reached via phone at (770) 206-4200, via email at investorrelations@muellerwp.com, or via fax at 770-206-4235.