Mueller Water Products (NYSE:MWA) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

A number of other analysts have also issued reports on the stock. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Mueller Water Products in a research note on Tuesday, May 9th. Nomura initiated coverage on shares of Mueller Water Products in a research note on Wednesday, April 12th. They issued a “buy” rating and a $15.00 price target for the company. Zacks Investment Research upgraded shares of Mueller Water Products from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research note on Tuesday, April 11th. CIBC restated a “buy” rating on shares of Mueller Water Products in a research note on Wednesday, May 10th. Finally, Goldman Sachs Group, Inc. (The) initiated coverage on shares of Mueller Water Products in a research note on Wednesday, March 8th. They issued a “buy” rating and a $15.00 price target for the company. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Mueller Water Products has a consensus rating of “Buy” and a consensus target price of $13.71.

Analyst Recommendations for Mueller Water Products (NYSE:MWA)

Mueller Water Products (MWA) traded up 0.44% on Friday, hitting $11.47. 3,081,720 shares of the company were exchanged. The firm has a 50 day moving average of $11.23 and a 200-day moving average of $12.37. Mueller Water Products has a 52-week low of $10.45 and a 52-week high of $14.20. The stock has a market cap of $1.83 billion, a PE ratio of 15.48 and a beta of 1.34.

Mueller Water Products (NYSE:MWA) last issued its quarterly earnings results on Thursday, April 27th. The industrial products company reported $0.09 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.09. The business had revenue of $199.70 million during the quarter, compared to analyst estimates of $206 million. Mueller Water Products had a net margin of 12.45% and a return on equity of 18.45%. The business’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.10 earnings per share. On average, equities analysts expect that Mueller Water Products will post $0.45 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, May 22nd. Shareholders of record on Wednesday, May 10th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Monday, May 8th. This represents a $0.16 annualized dividend and a yield of 1.39%. Mueller Water Products’s payout ratio is 21.62%.

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In other Mueller Water Products news, Director Bernard G. Rethore sold 56,400 shares of the business’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $11.23, for a total transaction of $633,372.00. Following the completion of the sale, the director now owns 27,303 shares in the company, valued at $306,612.69. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Shirley C. Franklin sold 9,156 shares of the business’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $11.40, for a total transaction of $104,378.40. Following the sale, the director now owns 39,157 shares of the company’s stock, valued at approximately $446,389.80. The disclosure for this sale can be found here. 4.30% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Blair William & Co. IL acquired a new stake in Mueller Water Products during the first quarter valued at $124,000. Bluestein R H & Co. acquired a new stake in Mueller Water Products during the first quarter valued at $118,000. Nomura Holdings Inc. acquired a new stake in Mueller Water Products during the first quarter valued at $125,000. BlueCrest Capital Management Ltd acquired a new stake in Mueller Water Products during the first quarter valued at $133,000. Finally, Teza Capital Management LLC acquired a new stake in Mueller Water Products during the first quarter valued at $136,000. Hedge funds and other institutional investors own 87.35% of the company’s stock.

Mueller Water Products Company Profile

Mueller Water Products, Inc is a manufacturer and marketer of products and services used in the transmission, distribution and measurement of water in North America. The Company operates through three segments: Mueller Co, Anvil and Mueller Technologies. The Mueller Co segment manufactures valves for water and gas systems, and dry-barrel and wet-barrel fire hydrants.

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