Mueller Water Products, Inc. (MWA) Stock Rating Reaffirmed by CIBC

Mueller Water Products, Inc. (NYSE:MWA)‘s stock had its “outperform” rating reaffirmed by stock analysts at CIBC in a research note issued on Friday. They currently have a $15.00 target price on the stock. CIBC’s target price suggests a potential upside of 28.21% from the company’s previous close.

Several other equities research analysts have also recently weighed in on MWA. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $15.00 price target on shares of Mueller Water Products in a research note on Thursday, March 23rd. Zacks Investment Research raised Mueller Water Products from a “sell” rating to a “hold” rating in a research note on Tuesday, March 14th. Royal Bank of Canada reissued a “buy” rating and issued a $15.00 price target on shares of Mueller Water Products in a research note on Tuesday, March 14th. Finally, Goldman Sachs Group Inc began coverage on Mueller Water Products in a research note on Wednesday, March 8th. They issued a “buy” rating and a $15.00 price target for the company. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $14.21.

Analyst Recommendations for Mueller Water Products (NYSE:MWA)

Shares of Mueller Water Products (NYSE:MWA) opened at 11.70 on Friday. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 29.70 and a beta of 1.35. The company has a 50-day moving average price of $12.41 and a 200-day moving average price of $12.73. Mueller Water Products has a 12 month low of $9.42 and a 12 month high of $14.20.

Mueller Water Products (NYSE:MWA) last issued its quarterly earnings results on Thursday, February 2nd. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by $0.01. The company earned $167.20 million during the quarter, compared to analyst estimates of $181.36 million. Mueller Water Products had a net margin of 6.06% and a return on equity of 19.52%. The company’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.04 EPS. Analysts forecast that Mueller Water Products will post $0.48 earnings per share for the current fiscal year.

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In related news, Director Jerry W. Kolb sold 34,341 shares of the company’s stock in a transaction dated Monday, February 6th. The stock was sold at an average price of $12.98, for a total transaction of $445,746.18. Following the sale, the director now owns 23,855 shares in the company, valued at approximately $309,637.90. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Evan Hart sold 150,000 shares of the company’s stock in a transaction dated Monday, February 6th. The shares were sold at an average price of $13.16, for a total value of $1,974,000.00. Following the sale, the chief financial officer now owns 270,065 shares in the company, valued at approximately $3,554,055.40. The disclosure for this sale can be found here. 4.30% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in the stock. Intrust Bank NA raised its stake in shares of Mueller Water Products by 0.4% in the third quarter. Intrust Bank NA now owns 19,402 shares of the company’s stock valued at $244,000 after buying an additional 74 shares during the last quarter. Greenwood Capital Associates LLC raised its stake in shares of Mueller Water Products by 3.1% in the fourth quarter. Greenwood Capital Associates LLC now owns 16,318 shares of the company’s stock valued at $217,000 after buying an additional 497 shares during the last quarter. Quantitative Investment Management LLC raised its stake in shares of Mueller Water Products by 1.9% in the third quarter. Quantitative Investment Management LLC now owns 38,000 shares of the company’s stock valued at $476,000 after buying an additional 700 shares during the last quarter. Murphy Capital Management Inc. raised its stake in shares of Mueller Water Products by 5.2% in the third quarter. Murphy Capital Management Inc. now owns 16,200 shares of the company’s stock valued at $203,000 after buying an additional 800 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC raised its stake in shares of Mueller Water Products by 1.4% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 80,552 shares of the company’s stock valued at $1,072,000 after buying an additional 1,099 shares during the last quarter. Institutional investors own 84.26% of the company’s stock.

Mueller Water Products Company Profile

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.

5 Day Chart for NYSE:MWA

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