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.
About Mueller Water Products