Mueller Water Products (NYSE:MWA) Rating Increased to Hold at ValuEngine
A number of other research firms have also recently weighed in on MWA. Seaport Global Securities set a $12.00 price target on Mueller Water Products and gave the stock a buy rating in a report on Wednesday, August 7th. Boenning Scattergood upgraded Mueller Water Products from a neutral rating to an outperform rating in a report on Tuesday, August 6th. Goldman Sachs Group cut Mueller Water Products from a neutral rating to a sell rating and lowered their price target for the stock from $10.00 to $8.00 in a report on Wednesday, June 26th. Finally, Zacks Investment Research upgraded Mueller Water Products from a sell rating to a hold rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $12.00.
Shares of NYSE:MWA opened at $10.45 on Friday. The company has a quick ratio of 2.00, a current ratio of 3.15 and a debt-to-equity ratio of 0.79. The business has a fifty day moving average of $9.89 and a two-hundred day moving average of $10.07. The stock has a market cap of $1.58 billion, a P/E ratio of 19.72, a PEG ratio of 1.09 and a beta of 1.14. Mueller Water Products has a 52-week low of $8.47 and a 52-week high of $12.17.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 20th. Stockholders of record on Friday, August 9th will be issued a dividend of $0.052 per share. This represents a $0.21 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date is Thursday, August 8th. Mueller Water Products’s dividend payout ratio is presently 39.62%.
In other news, EVP Gregory Rogowski sold 85,839 shares of the stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $10.06, for a total transaction of $863,540.34. Following the completion of the transaction, the executive vice president now directly owns 425,473 shares in the company, valued at approximately $4,280,258.38. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Arsdell Stephen C. Van bought 10,000 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were purchased at an average price of $10.10 per share, with a total value of $101,000.00. Following the completion of the acquisition, the director now directly owns 32,000 shares in the company, valued at $323,200. The disclosure for this purchase can be found here. Corporate insiders own 1.70% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. CWM Advisors LLC boosted its holdings in Mueller Water Products by 14.1% during the 2nd quarter. CWM Advisors LLC now owns 18,367 shares of the industrial products company’s stock valued at $180,000 after acquiring an additional 2,270 shares during the period. Thompson Investment Management Inc. raised its position in Mueller Water Products by 8.4% in the 2nd quarter. Thompson Investment Management Inc. now owns 34,825 shares of the industrial products company’s stock valued at $342,000 after purchasing an additional 2,700 shares in the last quarter. Stone Ridge Asset Management LLC raised its position in Mueller Water Products by 15.9% in the 2nd quarter. Stone Ridge Asset Management LLC now owns 21,178 shares of the industrial products company’s stock valued at $208,000 after purchasing an additional 2,900 shares in the last quarter. UMB Bank N A MO raised its position in Mueller Water Products by 17.4% in the 2nd quarter. UMB Bank N A MO now owns 20,822 shares of the industrial products company’s stock valued at $204,000 after purchasing an additional 3,081 shares in the last quarter. Finally, Resources Investment Advisors LLC. raised its position in Mueller Water Products by 224.2% in the 2nd quarter. Resources Investment Advisors LLC. now owns 5,350 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 3,700 shares in the last quarter. Institutional investors own 82.52% of the company’s stock.
Mueller Water Products Company Profile
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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