Mueller Water Products (NYSE:MWA) Upgraded at ValuEngine

Mueller Water Products (NYSE:MWA) was upgraded by research analysts at ValuEngine from a “sell” rating to a “hold” rating in a report released on Friday, ValuEngine reports.

A number of other brokerages have also issued reports on MWA. Boenning Scattergood upgraded shares of Mueller Water Products from a “neutral” rating to an “outperform” rating in a research report on Tuesday, August 6th. Seaport Global Securities set a $12.00 target price on shares of Mueller Water Products and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Zacks Investment Research upgraded shares of Mueller Water Products from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Finally, Goldman Sachs Group lowered shares of Mueller Water Products from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $10.00 to $8.00 in a research report on Wednesday, June 26th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $12.00.

Shares of MWA stock traded up $0.32 during trading hours on Friday, hitting $10.39. The company’s stock had a trading volume of 714,198 shares, compared to its average volume of 924,675. The business has a fifty day moving average of $9.86 and a 200-day moving average of $10.07. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 19.60, a P/E/G ratio of 1.11 and a beta of 1.14. Mueller Water Products has a twelve month low of $8.47 and a twelve month high of $12.17. The company has a current ratio of 3.15, a quick ratio of 2.00 and a debt-to-equity ratio of 0.79.



Mueller Water Products (NYSE:MWA) last announced its earnings results on Monday, August 5th. The industrial products company reported $0.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.04. Mueller Water Products had a net margin of 5.09% and a return on equity of 17.10%. The firm had revenue of $274.30 million for the quarter, compared to analyst estimates of $274.96 million. During the same quarter last year, the business earned $0.19 earnings per share. Mueller Water Products’s revenue was up 9.6% compared to the same quarter last year. On average, equities analysts expect that Mueller Water Products will post 0.62 EPS for the current fiscal year.

In other Mueller Water Products news, Director Shirley C. Franklin sold 6,700 shares of Mueller Water Products stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $9.55, for a total value of $63,985.00. Following the transaction, the director now owns 52,892 shares in the company, valued at approximately $505,118.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Gregory Rogowski sold 85,839 shares of Mueller Water Products stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $10.06, for a total transaction of $863,540.34. Following the completion of the transaction, the executive vice president now owns 425,473 shares in the company, valued at approximately $4,280,258.38. The disclosure for this sale can be found here. 1.70% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Speece Thorson Capital Group Inc. boosted its holdings in shares of Mueller Water Products by 62.2% in the 2nd quarter. Speece Thorson Capital Group Inc. now owns 1,755,554 shares of the industrial products company’s stock valued at $17,240,000 after purchasing an additional 673,350 shares during the last quarter. Jennison Associates LLC raised its stake in shares of Mueller Water Products by 47.2% in the 1st quarter. Jennison Associates LLC now owns 721,373 shares of the industrial products company’s stock valued at $7,243,000 after acquiring an additional 231,223 shares during the period. Stevens First Principles Investment Advisors raised its stake in shares of Mueller Water Products by 12.2% in the 1st quarter. Stevens First Principles Investment Advisors now owns 253,486 shares of the industrial products company’s stock valued at $2,545,000 after acquiring an additional 27,475 shares during the period. Gamco Investors INC. ET AL raised its stake in shares of Mueller Water Products by 5.9% in the 1st quarter. Gamco Investors INC. ET AL now owns 6,015,608 shares of the industrial products company’s stock valued at $60,397,000 after acquiring an additional 337,316 shares during the period. Finally, BNP Paribas Arbitrage SA raised its stake in shares of Mueller Water Products by 370.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 39,249 shares of the industrial products company’s stock valued at $394,000 after acquiring an additional 30,913 shares during the period. Institutional investors own 86.22% of the company’s stock.

Mueller Water Products Company Profile

Mueller Water Products, Inc manufactures and markets products and services for use in the transmission, distribution, and measurement of water in the United States, Canada, and internationally. It operates in two segments, Infrastructure and Technologies. The Infrastructure segment offers valves for water and gas systems, including butterfly, iron gate, tapping, check, knife, plug, automatic control, and ball valves; dry-barrel and wet-barrel fire hydrants; pipe repair products, such as clamps and couplings used to repair leaks under the Mueller and Jones brand names; and machines and tools for tapping, drilling, extracting, installing, and stopping-off.

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Analyst Recommendations for Mueller Water Products (NYSE:MWA)

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