Mueller Water Products (MWA) – Investment Analysts’ Recent Ratings Changes

Several analysts have recently updated their ratings and price targets for Mueller Water Products (NYSE: MWA):

  • 11/17/2021 – Mueller Water Products was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Mueller Water Products, Inc. manufactures and markets products and services that are used in the transmission and distribution of safe, clean drinking water and in water treatment facilities. Their broad product portfolio includes engineered valves, fire hydrants, pipe fittings, water meters and ductile iron pipe, which are used by municipalities, as well as the residential and non-residential construction industries. “
  • 11/11/2021 – Mueller Water Products was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Mueller Water Products, Inc. manufactures and markets products and services that are used in the transmission and distribution of safe, clean drinking water and in water treatment facilities. Their broad product portfolio includes engineered valves, fire hydrants, pipe fittings, water meters and ductile iron pipe, which are used by municipalities, as well as the residential and non-residential construction industries. “
  • 11/10/2021 – Mueller Water Products was downgraded by analysts at Oppenheimer Holdings Inc. from an “outperform” rating to a “market perform” rating.
  • 11/9/2021 – Mueller Water Products was downgraded by analysts at Boenning Scattergood from an “outperform” rating to a “neutral” rating.

Shares of NYSE:MWA opened at $14.42 on Thursday. The firm has a fifty day moving average price of $15.62. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.41 and a current ratio of 3.35. Mueller Water Products, Inc. has a one year low of $11.63 and a one year high of $17.37. The company has a market cap of $2.29 billion, a P/E ratio of 32.05, a price-to-earnings-growth ratio of 1.87 and a beta of 1.34.

Mueller Water Products (NYSE:MWA) last announced its quarterly earnings results on Monday, November 8th. The industrial products company reported $0.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.07). The firm had revenue of $295.60 million during the quarter, compared to the consensus estimate of $296.21 million. Mueller Water Products had a net margin of 6.34% and a return on equity of 13.28%. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.17 earnings per share. As a group, sell-side analysts forecast that Mueller Water Products, Inc. will post 0.65 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 22nd. Stockholders of record on Wednesday, November 10th were given a dividend of $0.058 per share. The ex-dividend date was Tuesday, November 9th. This represents a $0.23 annualized dividend and a dividend yield of 1.61%. This is a boost from Mueller Water Products’s previous quarterly dividend of $0.06. Mueller Water Products’s dividend payout ratio (DPR) is 51.11%.

In related news, CFO Marietta Edmunds Zakas sold 25,260 shares of Mueller Water Products stock in a transaction on Monday, August 30th. The shares were sold at an average price of $16.66, for a total value of $420,831.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Shirley C. Franklin sold 5,111 shares of Mueller Water Products stock in a transaction on Monday, November 1st. The stock was sold at an average price of $16.43, for a total transaction of $83,973.73. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,595 shares of company stock worth $667,878. Corporate insiders own 1.50% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in shares of Mueller Water Products by 66.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 484,481 shares of the industrial products company’s stock valued at $6,987,000 after purchasing an additional 193,571 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Mueller Water Products by 1.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,470,227 shares of the industrial products company’s stock valued at $21,201,000 after purchasing an additional 27,458 shares in the last quarter. PGGM Investments boosted its stake in shares of Mueller Water Products by 82.1% during the 2nd quarter. PGGM Investments now owns 1,533,000 shares of the industrial products company’s stock valued at $22,106,000 after purchasing an additional 691,298 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Mueller Water Products by 27.0% during the 2nd quarter. First Trust Advisors LP now owns 2,200,130 shares of the industrial products company’s stock valued at $31,726,000 after purchasing an additional 467,426 shares in the last quarter. Finally, Vident Investment Advisory LLC boosted its stake in shares of Mueller Water Products by 25.8% during the 2nd quarter. Vident Investment Advisory LLC now owns 27,245 shares of the industrial products company’s stock valued at $393,000 after purchasing an additional 5,581 shares in the last quarter. 89.19% of the stock is currently owned by hedge funds and other institutional investors.

Mueller Water Products, Inc engages in the manufacture and sale of products used in the transmission, distribution and measurement of water. It operates though the following segments: Infrastructure, and Technologies. The Infrastructure segment involves in the manufacture of valves for water and gas systems including butterfly, iron gate, tapping, check, knife, plug and ball valves, and dry-barrel and wet-barrel fire hydrants.

See Also: Average Daily Trade Volume Explained

Receive News & Ratings for Mueller Water Products Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mueller Water Products Inc and related companies with MarketBeat.com's FREE daily email newsletter.