Mueller Water Products (NYSE:MWA) Lifted to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of Mueller Water Products (NYSE:MWA) from a buy rating to a strong-buy rating in a research report sent to investors on Tuesday.

Other equities research analysts have also recently issued reports about the company. TD Cowen cut Mueller Water Products from a “buy” rating to a “hold” rating and lifted their target price for the stock from $19.00 to $20.00 in a research note on Friday, August 9th. Oppenheimer boosted their target price on Mueller Water Products from $22.00 to $24.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Finally, Royal Bank of Canada boosted their price objective on Mueller Water Products from $20.00 to $23.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 7th. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $21.60.

Mueller Water Products Stock Down 0.9 %

Mueller Water Products stock opened at $22.07 on Tuesday. The company has a current ratio of 3.70, a quick ratio of 2.31 and a debt-to-equity ratio of 0.57. The firm’s fifty day moving average price is $21.14 and its two-hundred day moving average price is $19.19. The firm has a market capitalization of $3.44 billion, a price-to-earnings ratio of 34.48, a price-to-earnings-growth ratio of 1.39 and a beta of 1.34. Mueller Water Products has a 1-year low of $12.13 and a 1-year high of $23.12.

Mueller Water Products (NYSE:MWA) last released its quarterly earnings results on Monday, August 5th. The industrial products company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.10. Mueller Water Products had a return on equity of 19.46% and a net margin of 9.71%. The business had revenue of $356.70 million during the quarter, compared to analyst estimates of $329.67 million. During the same period in the prior year, the firm posted $0.18 EPS. Mueller Water Products’s quarterly revenue was up 9.2% compared to the same quarter last year. On average, equities research analysts predict that Mueller Water Products will post 0.93 earnings per share for the current fiscal year.

Insider Transactions at Mueller Water Products

In other news, Director Christine Ortiz sold 8,800 shares of the company’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $19.94, for a total value of $175,472.00. Following the transaction, the director now owns 34,699 shares of the company’s stock, valued at approximately $691,898.06. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Christine Ortiz sold 8,800 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $19.94, for a total value of $175,472.00. Following the transaction, the director now directly owns 34,699 shares in the company, valued at approximately $691,898.06. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas J. Hansen sold 10,791 shares of Mueller Water Products stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $20.55, for a total transaction of $221,755.05. Following the sale, the director now owns 102,792 shares of the company’s stock, valued at approximately $2,112,375.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 256,869 shares of company stock valued at $5,141,842. 1.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Mueller Water Products

A number of large investors have recently added to or reduced their stakes in MWA. Allspring Global Investments Holdings LLC increased its position in shares of Mueller Water Products by 5,387.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 220,447 shares of the industrial products company’s stock valued at $4,784,000 after purchasing an additional 216,430 shares during the last quarter. Blue Trust Inc. boosted its stake in Mueller Water Products by 434.6% in the third quarter. Blue Trust Inc. now owns 4,892 shares of the industrial products company’s stock worth $106,000 after buying an additional 3,977 shares in the last quarter. V Square Quantitative Management LLC bought a new position in Mueller Water Products during the third quarter valued at approximately $26,000. nVerses Capital LLC raised its stake in shares of Mueller Water Products by 2,700.0% during the third quarter. nVerses Capital LLC now owns 11,200 shares of the industrial products company’s stock worth $243,000 after acquiring an additional 10,800 shares in the last quarter. Finally, Creative Planning boosted its stake in shares of Mueller Water Products by 6.3% in the 3rd quarter. Creative Planning now owns 23,767 shares of the industrial products company’s stock valued at $516,000 after purchasing an additional 1,405 shares in the last quarter. Hedge funds and other institutional investors own 91.68% of the company’s stock.

About Mueller Water Products

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.