Mueller Water Products - MWA Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mueller Water Products in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" MWA shares.
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2 Wall Street research analysts have issued twelve-month target prices for Mueller Water Products' stock. Their MWA share price forecasts range from $10.00 to $13.00. On average, they predict the company's share price to reach $11.33 in the next twelve months. This suggests that the stock has a possible downside of 2.2%.
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Mueller Water Products' stock was trading at $14.40 at the beginning of the year. Since then, MWA stock has decreased by 19.5% and is now trading at $11.59.
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Mueller Water Products saw a decline in short interest during the month of October. As of October 31st, there was short interest totaling 3,210,000 shares, a decline of 18.1% from the October 15th total of 3,920,000 shares. Based on an average trading volume of 991,700 shares, the days-to-cover ratio is presently 3.2 days. Currently, 2.1% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 2nd 2023.
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Mueller Water Products, Inc. (NYSE:MWA) posted its quarterly earnings data on Monday, November, 8th. The industrial products company reported $0.12 earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by $0.07. The industrial products company earned $295.60 million during the quarter, compared to analysts' expectations of $296.21 million. Mueller Water Products had a net margin of 6.14% and a trailing twelve-month return on equity of 13.19%. The business's revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 earnings per share.

Mueller Water Products announced a quarterly dividend on Friday, October 21st. Stockholders of record on Thursday, November 10th will be given a dividend of $0.061 per share on Monday, November 21st. This represents a $0.24 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend is Wednesday, November 9th. This is a positive change from the stock's previous quarterly dividend of $0.06.
Read our dividend analysis for MWA.

Mueller Water Products (NYSE:MWA) pays an annual dividend of $0.24 per share and currently has a dividend yield of 2.08%. 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 31.58% 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 Monday, November, 21st. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.32 billion-$1.35 billion, compared to the consensus revenue estimate of $1.30 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 Primo Water (PRMW).

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

Mueller Water Products' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.19%), BlackRock Inc. (7.66%), Dimensional Fund Advisors LP (3.32%), Gamco Investors INC. ET AL (2.30%), State Street Corp (2.15%) and Brown Advisory Inc. (1.69%). Insiders that own company stock include Bernard G Rethore, Jerry W Kolb, Lydia W Thomas, Marietta Edmunds Zakas, Michael S Nancarrow, Shirley C Franklin, Steven S Heinrichs, Suzanne G Smith, Thomas J Hansen and Todd P Helms.
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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 $11.59.

Mueller Water Products (NYSE:MWA) has a market capitalization of $1.81 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.