Mueller Water Products - MWA Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Mueller Water Products in the last twelve months. There are currently 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research 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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5 brokers have issued twelve-month target prices for Mueller Water Products' stock. Their MWA share price forecasts range from $11.00 to $14.00. On average, they predict the company's share price to reach $12.67 in the next year. This suggests that the stock has a possible downside of 6.5%.
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Mueller Water Products' stock was trading at $10.76 at the beginning of the year. Since then, MWA shares have increased by 25.9% and is now trading at $13.55.
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The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023.
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Mueller Water Products, Inc. (NYSE:MWA) issued its earnings results on Friday, February, 3rd. The industrial products company reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.07 by $0.06. The industrial products company had revenue of $314.80 million for the quarter, compared to the consensus estimate of $288.85 million. Mueller Water Products had a trailing twelve-month return on equity of 13.00% and a net margin of 6.18%. The business's quarterly revenue was up 15.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.13 EPS.

Mueller Water Products declared a quarterly dividend on Friday, January 27th. Investors of record on Friday, February 10th will be paid a dividend of $0.061 per share on Tuesday, February 21st. This represents a $0.24 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend is Thursday, February 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 RenaissanceTM ETF (AIRR), SPDR S&P Kensho Intelligent Structures ETF (SIMS), First Trust Water ETF (FIW), Invesco S&P Global Water Index ETF (CGW), Global X Clean Water ETF (AQWA), iShares Environmental Infrastructure and Industrials ETF (EFRA), Invesco Water Resources ETF (PHO) and WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS).

Mueller Water Products (NYSE:MWA) pays an annual dividend of $0.24 per share and currently has a dividend yield of 1.85%. 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 47.06%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MWA will have a dividend payout ratio of 30.77% 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 Thursday, February, 2nd. The company provided 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 $1.33 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 Impax Asset Management Group plc (9.37%), Nuance Investments LLC (8.84%), T. Rowe Price Investment Management Inc. (3.72%), Dimensional Fund Advisors LP (3.43%), Gamco Investors INC. ET AL (2.26%) and Gamco Investors INC. ET AL (2.26%). Insiders that own company stock include Bernard G Rethore, Lydia W Thomas, Marietta Edmunds Zakas, Michael S Nancarrow, Michael T Tokarz, 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 $13.55.

Mueller Water Products (NYSE:MWA) has a market capitalization of $2.12 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 $0.51 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.