Trade Report: Today, Mueller Water Products Inc. (MWA) Given Outperform Rating at Oppenheimer Holdings Inc.

Today, Mueller Water Products Inc. (MWA) Given Outperform Rating at Oppenheimer Holdings Inc.

Oppenheimer Holdings Inc. restated their outperform rating on shares of Mueller Water Products Inc. (NYSE:MWA) in a report released on Monday. They currently have a $15.00 price objective on the stock, up from their previous price objective of $13.00.

A number of other research firms have also recently issued reports on MWA. DA Davidson increased their target price on Mueller Water Products from $11.00 to $12.00 and gave the stock a neutral rating in a report on Friday, August 5th. Zacks Investment Research cut Mueller Water Products from a hold rating to a sell rating in a report on Wednesday, August 3rd. Finally, Northcoast Research upgraded Mueller Water Products from a neutral rating to a buy rating in a 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. Mueller Water Products has a consensus rating of Buy and an average price target of $12.58.

Mueller Water Products (NYSE:MWA) opened at 13.33 on Monday. The firm has a market cap of $2.16 billion, a PE ratio of 34.18 and a beta of 1.43. The company’s 50 day moving average price is $12.45 and its 200 day moving average price is $11.87. Mueller Water Products has a 52-week low of $7.52 and a 52-week high of $13.77.

Mueller Water Products (NYSE:MWA) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported $0.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.01. The business had revenue of $302.50 million for the quarter, compared to analyst estimates of $325.14 million. Mueller Water Products had a return on equity of 20.57% and a net margin of 5.61%. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.14 EPS. Analysts predict that Mueller Water Products will post $0.59 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 21st. Stockholders of record on Thursday, November 10th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.90%. The ex-dividend date was Tuesday, November 8th. Mueller Water Products’s payout ratio is 30.77%.

A number of institutional investors have recently bought and sold shares of MWA. State Street Corp boosted its position in Mueller Water Products by 6.0% in the first quarter. State Street Corp now owns 2,866,175 shares of the company’s stock worth $28,318,000 after buying an additional 163,171 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in 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 last quarter. Boothbay Fund Management LLC acquired a new position in Mueller Water Products during the first quarter worth approximately $143,000. BNP Paribas Arbitrage SA boosted its position in Mueller Water Products by 98.3% in the second quarter. BNP Paribas Arbitrage SA now owns 25,048 shares of the company’s stock worth $286,000 after buying an additional 12,416 shares during the last quarter. Finally, Fox Run Management L.L.C. boosted its position in Mueller Water Products by 18.1% in the second quarter. Fox Run Management L.L.C. now owns 18,900 shares of the company’s stock worth $216,000 after buying an additional 2,900 shares during the last quarter. Institutional investors and hedge funds own 86.48% of the company’s stock.

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