Mueller Water Products’ (MWA) “Hold” Rating Reiterated at Robert W. Baird
Robert W. Baird reiterated their hold rating on shares of Mueller Water Products (NYSE:MWA) in a research note issued to investors on Wednesday. Robert W. Baird currently has a $14.00 target price on the industrial products company’s stock.
A number of other equities analysts have also recently issued reports on MWA. BidaskClub lowered Mueller Water Products from a hold rating to a sell rating in a research report on Friday, June 9th. Zacks Investment Research lowered Mueller Water Products from a hold rating to a sell rating in a research report on Friday, July 21st. Oppenheimer Holdings, Inc. set a $13.00 target price on Mueller Water Products and gave the company a buy rating in a research report on Monday, July 31st. Boenning Scattergood upgraded Mueller Water Products from a neutral rating to an outperform rating and set a $14.00 target price on the stock in a research report on Tuesday, September 5th. Finally, Cowen and Company restated a hold rating and set a $12.00 target price on shares of Mueller Water Products in a research report on Thursday, September 21st. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $13.88.
Mueller Water Products (MWA) traded up 0.08% during midday trading on Wednesday, hitting $12.74. 559,102 shares of the company’s stock traded hands. Mueller Water Products has a 52 week low of $10.45 and a 52 week high of $14.20. The company has a 50 day moving average of $12.24 and a 200-day moving average of $11.73. The company has a market capitalization of $2.02 billion, a PE ratio of 15.83 and a beta of 1.29.
Mueller Water Products (NYSE:MWA) last issued its earnings results on Thursday, August 3rd. The industrial products company reported $0.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.16. Mueller Water Products had a return on equity of 16.85% and a net margin of 14.47%. The business had revenue of $232.20 million during the quarter, compared to analysts’ expectations of $235.07 million. During the same quarter in the prior year, the firm earned $0.15 EPS. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. Equities research analysts predict that Mueller Water Products will post $0.44 earnings per share for the current year.
Institutional investors have recently modified their holdings of the company. Bluestein R H & Co. purchased a new stake in shares of Mueller Water Products during the first quarter valued at approximately $118,000. Blair William & Co. IL purchased a new stake in shares of Mueller Water Products during the first quarter valued at approximately $124,000. Nomura Holdings Inc. purchased a new stake in shares of Mueller Water Products during the first quarter valued at approximately $125,000. BlueCrest Capital Management Ltd purchased a new stake in shares of Mueller Water Products during the first quarter valued at approximately $133,000. Finally, Colony Group LLC purchased a new stake in shares of Mueller Water Products during the second quarter valued at approximately $135,000. 84.72% of the stock is owned by hedge funds and other institutional investors.
About Mueller Water Products
Mueller Water Products, Inc is a manufacturer and marketer of products and services used in the transmission, distribution and measurement of water in North America. The Company operates through three segments: Mueller Co, Anvil and Mueller Technologies. The Mueller Co segment manufactures valves for water and gas systems, and dry-barrel and wet-barrel fire hydrants.
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