Brokerages Set Mueller Water Products, Inc. (NYSE:MWA) PT at $12.20

Shares of Mueller Water Products, Inc. (NYSE:MWA) have been assigned a consensus rating of “Hold” from the ten research firms that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $12.20.

MWA has been the topic of a number of research analyst reports. Boenning Scattergood reiterated a “hold” rating on shares of Mueller Water Products in a research note on Tuesday, May 7th. ValuEngine upgraded shares of Zogenix from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 27th. Goldman Sachs Group started coverage on shares of Tricida in a research report on Wednesday, June 26th. They issued a “buy” rating and a $48.00 price target on the stock. Seaport Global Securities started coverage on shares of United Technologies in a research report on Friday, May 10th. They issued a “neutral” rating and a $136.86 price target on the stock. Finally, Oppenheimer set a $13.00 price target on shares of Alpine Immune Sciences and gave the stock a “buy” rating in a research report on Tuesday, March 19th.

In other news, Director Shirley C. Franklin sold 6,700 shares of Mueller Water Products stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $9.55, for a total transaction of $63,985.00. Following the sale, the director now directly owns 52,892 shares in the company, valued at approximately $505,118.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Bernard G. Rethore bought 10,000 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were acquired at an average price of $9.19 per share, for a total transaction of $91,900.00. The disclosure for this purchase can be found here. Company insiders own 1.70% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Mueller Water Products by 0.8% during the 4th quarter. BlackRock Inc. now owns 11,178,027 shares of the industrial products company’s stock valued at $101,720,000 after acquiring an additional 92,741 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Mueller Water Products by 0.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,309,406 shares of the industrial products company’s stock valued at $57,416,000 after purchasing an additional 44,193 shares during the last quarter. Gamco Investors INC. ET AL lifted its holdings in Mueller Water Products by 5.9% during the 1st quarter. Gamco Investors INC. ET AL now owns 6,015,608 shares of the industrial products company’s stock valued at $60,397,000 after purchasing an additional 337,316 shares during the last quarter. Norges Bank bought a new position in Mueller Water Products during the 4th quarter valued at about $50,182,000. Finally, Amundi Pioneer Asset Management Inc. lifted its holdings in Mueller Water Products by 69.1% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 2,175,379 shares of the industrial products company’s stock valued at $21,840,000 after purchasing an additional 888,715 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

NYSE:MWA traded up $0.16 during midday trading on Friday, reaching $9.60. The stock had a trading volume of 608,620 shares, compared to its average volume of 688,431. Mueller Water Products has a 1-year low of $8.47 and a 1-year high of $12.59. The business has a fifty day moving average price of $9.63. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.07 and a quick ratio of 1.89. The firm has a market capitalization of $1.52 billion, a PE ratio of 18.11, a P/E/G ratio of 1.27 and a beta of 1.17.

Mueller Water Products (NYSE:MWA) last posted its earnings results on Monday, May 6th. The industrial products company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.02). Mueller Water Products had a net margin of 3.24% and a return on equity of 15.89%. The firm had revenue of $234.00 million during the quarter, compared to analyst estimates of $252.06 million. During the same quarter in the previous year, the business posted $0.12 earnings per share. The business’s quarterly revenue was up .4% compared to the same quarter last year. As a group, equities research analysts expect that Mueller Water Products will post 0.6 EPS for the current year.

About Mueller Water Products

Mueller Water Products, Inc manufactures and markets products and services for use in the transmission, distribution, and measurement of water in the United States, Canada, and internationally. It operates in two segments, Infrastructure and Technologies. The Infrastructure segment offers valves for water and gas systems, including butterfly, iron gate, tapping, check, knife, plug, automatic control, and ball valves; dry-barrel and wet-barrel fire hydrants; pipe repair products, such as clamps and couplings used to repair leaks under the Mueller and Jones brand names; and machines and tools for tapping, drilling, extracting, installing, and stopping-off.

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Analyst Recommendations for Mueller Water Products (NYSE:MWA)

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