Mueller Water Products (NYSE:MWA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday, September 18th.

According to Zacks, “Mueller Water Products, Inc. manufactures and markets products and services that are used in the transmission and distribution of safe, clean drinking water and in water treatment facilities. Their broad product portfolio includes engineered valves, fire hydrants, pipe fittings, water meters and ductile iron pipe, which are used by municipalities, as well as the residential and non-residential construction industries. “

MWA has been the subject of a number of other research reports. Oppenheimer reiterated a “buy” rating and issued a $14.00 price target on shares of Mueller Water Products in a research note on Monday, August 6th. Nomura decreased their price target on shares of Mueller Water Products from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Wednesday, September 12th. Seaport Global Securities downgraded shares of Mueller Water Products from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $15.00 to $12.50 in a research report on Wednesday, August 8th. Finally, DA Davidson restated a “neutral” rating on shares of Mueller Water Products in a research report on Friday, July 20th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $13.44.

Mueller Water Products stock traded down $0.25 during midday trading on Tuesday, hitting $10.55. 866,798 shares of the stock were exchanged, compared to its average volume of 912,983. Mueller Water Products has a fifty-two week low of $9.59 and a fifty-two week high of $12.96. The stock has a market cap of $1.82 billion, a P/E ratio of 23.98, a PEG ratio of 1.42 and a beta of 1.06. The company has a current ratio of 5.13, a quick ratio of 3.91 and a debt-to-equity ratio of 0.83.

Mueller Water Products (NYSE:MWA) last announced its quarterly earnings results on Monday, August 6th. The industrial products company reported $0.19 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.19. Mueller Water Products had a net margin of 11.24% and a return on equity of 15.67%. The business had revenue of $250.20 million during the quarter, compared to analysts’ expectations of $246.01 million. During the same period last year, the business earned $0.16 earnings per share. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. As a group, analysts forecast that Mueller Water Products will post 0.54 EPS for the current year.

Large investors have recently bought and sold shares of the company. BlackRock Inc. boosted its position in shares of Mueller Water Products by 7.8% in the 2nd quarter. BlackRock Inc. now owns 10,897,164 shares of the industrial products company’s stock worth $127,714,000 after buying an additional 786,122 shares in the last quarter. Earnest Partners LLC boosted its position in shares of Mueller Water Products by 1.6% in the 1st quarter. Earnest Partners LLC now owns 8,386,229 shares of the industrial products company’s stock worth $91,158,000 after buying an additional 132,636 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Mueller Water Products by 1.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,213,845 shares of the industrial products company’s stock worth $72,826,000 after buying an additional 69,511 shares in the last quarter. Silvercrest Asset Management Group LLC boosted its position in shares of Mueller Water Products by 10.5% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 4,560,913 shares of the industrial products company’s stock worth $49,577,000 after buying an additional 435,066 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Mueller Water Products by 5.9% in the 2nd quarter. Wells Fargo & Company MN now owns 2,336,375 shares of the industrial products company’s stock worth $27,382,000 after buying an additional 129,134 shares in the last quarter. 86.29% of the stock is currently owned by institutional investors and hedge funds.

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 through Infrastructure and Technologies segments. The Infrastructure segment offers valves for water and gas systems, including iron gate, butterfly, 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; small valves, meter bars, and line stopper fittings for use in gas systems; and machines and tools for tapping, drilling, extracting, installing, and stopping-off.

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