Brokerages Set Mueller Water Products, Inc. (NYSE:MWA) Price Target at $25.80

Shares of Mueller Water Products, Inc. (NYSE:MWA) have earned a consensus rating of “Hold” from the six brokerages that are presently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $25.80.

A number of analysts recently weighed in on MWA shares. Royal Bank of Canada lifted their price target on Mueller Water Products from $25.00 to $29.00 and gave the company a “sector perform” rating in a research note on Thursday, February 6th. The Goldman Sachs Group boosted their price objective on shares of Mueller Water Products from $26.00 to $29.00 and gave the company a “neutral” rating in a research report on Thursday, February 6th.

Insider Transactions at Mueller Water Products

In other news, Director Lydia W. Thomas sold 17,092 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $26.77, for a total value of $457,552.84. Following the completion of the sale, the director now owns 126,689 shares in the company, valued at approximately $3,391,464.53. This trade represents a 11.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Brian Slobodow sold 11,132 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $24.73, for a total value of $275,294.36. Following the sale, the director now owns 7,376 shares in the company, valued at approximately $182,408.48. The trade was a 60.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MWA. Optiver Holding B.V. acquired a new position in Mueller Water Products in the 4th quarter worth $29,000. Tower Research Capital LLC TRC increased its position in shares of Mueller Water Products by 171.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,761 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 1,113 shares during the last quarter. Millstone Evans Group LLC acquired a new position in shares of Mueller Water Products in the fourth quarter worth about $63,000. Gen Wealth Partners Inc purchased a new position in Mueller Water Products in the fourth quarter valued at about $65,000. Finally, R Squared Ltd purchased a new position in Mueller Water Products in the fourth quarter valued at about $100,000. 91.68% of the stock is owned by institutional investors and hedge funds.

Mueller Water Products Stock Up 3.4 %

Shares of NYSE MWA opened at $27.76 on Friday. The business has a 50-day moving average of $25.39 and a two-hundred day moving average of $23.73. Mueller Water Products has a 1 year low of $14.81 and a 1 year high of $28.58. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.83 and a quick ratio of 2.38. The company has a market capitalization of $4.35 billion, a price-to-earnings ratio of 32.27, a price-to-earnings-growth ratio of 1.43 and a beta of 1.39.

Mueller Water Products (NYSE:MWA) last released its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.19 by $0.06. Mueller Water Products had a net margin of 10.05% and a return on equity of 21.18%. During the same period in the prior year, the business posted $0.13 earnings per share. On average, analysts forecast that Mueller Water Products will post 1.24 earnings per share for the current fiscal year.

Mueller Water Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Monday, February 10th were paid a dividend of $0.067 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $0.27 annualized dividend and a yield of 0.97%. Mueller Water Products’s dividend payout ratio is currently 30.23%.

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.