Mueller Water Products (NYSE:MWA) Price Target Raised to $22.00 at Oppenheimer

Mueller Water Products (NYSE:MWA) had its price objective hoisted by research analysts at Oppenheimer from $21.00 to $22.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has an “outperform” rating on the industrial products company’s stock. Oppenheimer’s price target indicates a potential upside of 25.28% from the company’s previous close.

A number of other equities research analysts also recently weighed in on MWA. Robert W. Baird raised their price target on Mueller Water Products from $18.00 to $24.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 8th. Royal Bank of Canada raised their price target on Mueller Water Products from $17.00 to $20.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 8th. StockNews.com downgraded Mueller Water Products from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 22nd. Finally, Baird R W raised Mueller Water Products to a “hold” rating in a research note on Wednesday, May 8th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $20.75.

Mueller Water Products Stock Down 2.0 %

Shares of Mueller Water Products stock opened at $17.56 on Tuesday. The stock has a 50-day moving average price of $17.79 and a 200 day moving average price of $15.94. The company has a market cap of $2.73 billion, a P/E ratio of 27.44, a P/E/G ratio of 1.89 and a beta of 1.33. The company has a current ratio of 3.53, a quick ratio of 2.08 and a debt-to-equity ratio of 0.59. Mueller Water Products has a 1 year low of $12.11 and a 1 year high of $19.43.

Mueller Water Products (NYSE:MWA) last announced its quarterly earnings data on Monday, May 6th. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.15. The firm had revenue of $353.40 million during the quarter, compared to the consensus estimate of $299.62 million. Mueller Water Products had a return on equity of 16.97% and a net margin of 8.10%. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.14 EPS. As a group, analysts expect that Mueller Water Products will post 0.79 EPS for the current fiscal year.

Insider Activity

In related news, Director Brian C. Healy acquired 2,650 shares of the stock in a transaction dated Wednesday, May 15th. The shares were acquired at an average price of $19.18 per share, with a total value of $50,827.00. Following the acquisition, the director now owns 2,650 shares in the company, valued at approximately $50,827. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Mueller Water Products news, Director Brian C. Healy bought 2,650 shares of the stock in a transaction on Wednesday, May 15th. The shares were purchased at an average price of $19.18 per share, with a total value of $50,827.00. Following the acquisition, the director now directly owns 2,650 shares of the company’s stock, valued at approximately $50,827. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Kenji Takeuchi sold 6,658 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $19.09, for a total value of $127,101.22. Following the completion of the sale, the senior vice president now directly owns 28,334 shares in the company, valued at approximately $540,896.06. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by insiders.

Institutional Trading of Mueller Water Products

Several institutional investors have recently modified their holdings of the company. Pingora Partners LLC bought a new position in shares of Mueller Water Products during the 4th quarter worth approximately $29,000. Daiwa Securities Group Inc. bought a new position in Mueller Water Products in the 1st quarter valued at $46,000. International Assets Investment Management LLC raised its position in Mueller Water Products by 1,340.0% in the 4th quarter. International Assets Investment Management LLC now owns 4,752 shares of the industrial products company’s stock valued at $68,000 after purchasing an additional 4,422 shares during the last quarter. Register Financial Advisors LLC bought a new position in Mueller Water Products in the 1st quarter valued at $80,000. Finally, Global Retirement Partners LLC raised its position in Mueller Water Products by 63.7% in the 4th quarter. Global Retirement Partners LLC now owns 6,962 shares of the industrial products company’s stock valued at $97,000 after purchasing an additional 2,708 shares during the last quarter. Institutional investors and hedge funds own 91.68% of the company’s stock.

Mueller Water Products Company Profile

Mueller Water Products, Inc manufactures and markets products and services for the transmission, distribution, and measurement of water used by municipalities, and the residential and non-residential construction industries in the United States, Israel, and internationally. It operates in two segments, Water Flow Solutions and Water Management Solutions.