Mueller Water Products Inc. (NYSE:MWA)‘s stock had its “outperform” rating reaffirmed by investment analysts at Oppenheimer Holdings Inc. in a research note issued on Monday. They presently have a $15.00 price objective on the stock, up from their previous price objective of $13.00. Oppenheimer Holdings Inc.’s price objective suggests a potential upside of 12.53% from the stock’s previous close.
Other analysts have also recently issued reports about the stock. DA Davidson upped their price target on shares of Mueller Water Products from $11.00 to $12.00 and gave the stock a “neutral” rating in a research report on Friday, August 5th. Zacks Investment Research cut shares of Mueller Water Products from a “buy” rating to a “hold” rating in a research report on Wednesday, August 10th. Finally, Northcoast Research raised shares of Mueller Water Products from a “neutral” rating to a “buy” rating in a research report on Wednesday, October 12th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $12.58.
Mueller Water Products (NYSE:MWA) traded down 2.84% during mid-day trading on Monday, hitting $13.33. The stock had a trading volume of 925,833 shares. The company has a 50 day moving average price of $12.41 and a 200 day moving average price of $11.83. The stock has a market cap of $2.16 billion, a P/E ratio of 34.18 and a beta of 1.43. Mueller Water Products has a one year low of $7.52 and a one year high of $13.77.
Mueller Water Products (NYSE:MWA) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.01. Mueller Water Products had a net margin of 5.61% and a return on equity of 20.57%. The company had revenue of $302.50 million for the quarter, compared to analysts’ expectations of $325.14 million. During the same period in the prior year, the firm earned $0.14 earnings per share. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. On average, equities analysts anticipate that Mueller Water Products will post $0.59 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, November 21st. Shareholders of record on Thursday, November 10th were given a $0.03 dividend. The ex-dividend date of this dividend was Tuesday, November 8th. This represents a $0.12 dividend on an annualized basis and a yield of 0.90%. Mueller Water Products’s payout ratio is currently 30.77%.
Institutional investors have recently bought and sold shares of the stock. Intrust Bank NA boosted its position in Mueller Water Products by 0.4% in the third quarter. Intrust Bank NA now owns 19,402 shares of the company’s stock worth $244,000 after buying an additional 74 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Mueller Water Products by 0.5% in the first quarter. Envestnet Asset Management Inc. now owns 87,371 shares of the company’s stock worth $863,000 after buying an additional 404 shares during the period. Royal Bank of Canada raised its stake in shares of Mueller Water Products by 0.5% in the second quarter. Royal Bank of Canada now owns 79,131 shares of the company’s stock worth $904,000 after buying an additional 427 shares during the period. National Planning Corp raised its stake in shares of Mueller Water Products by 2.6% in the second quarter. National Planning Corp now owns 19,802 shares of the company’s stock worth $224,000 after buying an additional 500 shares during the period. Finally, Highlander Capital Management LLC raised its stake in shares of Mueller Water Products by 1.4% in the second quarter. Highlander Capital Management LLC now owns 35,000 shares of the company’s stock worth $400,000 after buying an additional 500 shares during the period. 86.48% of the stock is owned by institutional investors.
Mueller Water Products Company Profile