Mueller Water Products, Inc. (NYSE:MWA - Get Free Report) hit a new 52-week high on Monday . The company traded as high as $28.25 and last traded at $27.90, with a volume of 3297763 shares trading hands. The stock had previously closed at $27.25.
Analyst Upgrades and Downgrades
MWA has been the topic of a number of recent analyst reports. The Goldman Sachs Group lifted their price objective on shares of Mueller Water Products from $26.00 to $29.00 and gave the company a "neutral" rating in a research note on Thursday, February 6th. Royal Bank of Canada lifted their price objective on shares of Mueller Water Products from $25.00 to $29.00 and gave the company a "sector perform" rating in a research note on Thursday, February 6th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $25.80.
View Our Latest Research Report on Mueller Water Products
Mueller Water Products Trading Down 2.7 %
The company has a quick ratio of 2.38, a current ratio of 3.83 and a debt-to-equity ratio of 0.54. The firm's 50-day simple moving average is $25.18 and its 200 day simple moving average is $23.59. The stock has a market capitalization of $4.22 billion, a P/E ratio of 31.28, a PEG ratio of 1.43 and a beta of 1.39.
Mueller Water Products (NYSE:MWA - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.19 by $0.06. Mueller Water Products had a net margin of 10.05% and a return on equity of 21.18%. During the same period in the previous year, the firm earned $0.13 EPS. Equities research analysts anticipate that Mueller Water Products, Inc. will post 1.24 EPS for the current fiscal year.
Mueller Water Products Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Monday, February 10th were given a $0.067 dividend. This represents a $0.27 annualized dividend and a yield of 1.00%. The ex-dividend date was Monday, February 10th. Mueller Water Products's dividend payout ratio (DPR) is presently 30.23%.
Insiders Place Their Bets
In other Mueller Water Products news, Director Brian Slobodow sold 11,132 shares of the business's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $24.73, for a total transaction of $275,294.36. Following the sale, the director now owns 7,376 shares in the company, valued at approximately $182,408.48. The trade was a 60.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lydia W. Thomas sold 17,092 shares of the company's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $26.77, for a total transaction of $457,552.84. Following the sale, the director now directly owns 126,689 shares of the company's stock, valued at $3,391,464.53. This represents a 11.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.
Hedge Funds Weigh In On Mueller Water Products
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its holdings in shares of Mueller Water Products by 369.1% in the third quarter. Principal Financial Group Inc. now owns 98,457 shares of the industrial products company's stock valued at $2,137,000 after purchasing an additional 77,467 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Mueller Water Products by 364.6% in the third quarter. Thrivent Financial for Lutherans now owns 401,683 shares of the industrial products company's stock valued at $8,716,000 after purchasing an additional 315,224 shares in the last quarter. Jennison Associates LLC purchased a new stake in shares of Mueller Water Products in the third quarter valued at $1,487,000. Intech Investment Management LLC purchased a new stake in shares of Mueller Water Products in the third quarter valued at $671,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Mueller Water Products by 2.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,944,715 shares of the industrial products company's stock valued at $42,200,000 after purchasing an additional 37,729 shares in the last quarter. 91.68% of the stock is currently owned by hedge funds and other institutional investors.
About Mueller Water Products
(
Get Free Report)
Mueller Water Products, Inc manufactures and markets products and services for the transmission, distribution, and measurement of water used by municipalities, and the residential and non-residential construction industries in the United States, Israel, and internationally. It operates in two segments, Water Flow Solutions and Water Management Solutions.
Featured Stories
Before you consider Mueller Water Products, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mueller Water Products wasn't on the list.
While Mueller Water Products currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
