Mueller Water Products - MWA Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Mueller Water Products in the last year. There are currently 4 hold ratings 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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4 brokers have issued 12 month price targets for Mueller Water Products' shares. Their MWA share price forecasts range from $12.00 to $13.00. On average, they predict the company's stock price to reach $12.67 in the next year. This suggests a possible upside of 26.2% from the stock's current price.
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Mueller Water Products' stock was trading at $14.40 at the start of the year. Since then, MWA stock has decreased by 30.3% and is now trading at $10.04.
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Mueller Water Products saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 3,290,000 shares, an increase of 10.4% from the August 15th total of 2,980,000 shares. Based on an average daily trading volume, of 882,400 shares, the short-interest ratio is currently 3.7 days. Currently, 2.1% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 14th 2022.
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Mueller Water Products, Inc. (NYSE:MWA) posted its quarterly earnings data on Thursday, August, 4th. The industrial products company reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by $0.01. The industrial products company had revenue of $333.20 million for the quarter, compared to the consensus estimate of $330.29 million. Mueller Water Products had a trailing twelve-month return on equity of 13.67% and a net margin of 7.25%. The business's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.18 earnings per share.

Mueller Water Products declared a quarterly dividend on Wednesday, July 27th. Stockholders of record on Wednesday, August 10th will be given a dividend of $0.058 per share on Monday, August 22nd. This represents a $0.23 annualized dividend and a yield of 2.31%. The ex-dividend date is Tuesday, August 9th.
Read our dividend analysis for MWA.

Mueller Water Products (NYSE:MWA) pays an annual dividend of $0.23 per share and currently has a dividend yield of 2.29%. The company has been increasing its dividend for 7 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 41.07%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MWA will have a dividend payout ratio of 33.82% 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 updated its FY 2022 earnings guidance on Thursday, August, 25th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.23 billion-$1.24 billion, compared to the consensus revenue estimate of $1.23 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 number of retail and institutional investors. Top institutional shareholders include Nuance Investments LLC (6.79%), Price T Rowe Associates Inc. MD (5.07%), Gamco Investors INC. ET AL (2.40%), State Street Corp (2.17%), Amundi (2.00%) and Brown Advisory Inc. (1.70%). Insiders that own company stock include Bernard G Rethore, Jennifer O'keefe, 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 $10.04.

Mueller Water Products (NYSE:MWA) has a market capitalization of $1.57 billion and generates $1.11 billion in revenue each year. The industrial products company earns $70.40 million in net income (profit) each year or $0.56 on an earnings per share basis.

The company employs 3,400 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.