Mueller Water Products (NYSE:MWA) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Mueller Water Products (NYSE:MWAFree Report) from a hold rating to a buy rating in a report published on Friday.

Mueller Water Products Stock Performance

Shares of MWA stock opened at $15.72 on Friday. Mueller Water Products has a 1 year low of $12.11 and a 1 year high of $16.62. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.87 and a current ratio of 3.23. The firm has a market cap of $2.45 billion, a price-to-earnings ratio of 31.48, a PEG ratio of 2.08 and a beta of 1.33. The stock’s 50-day moving average is $14.02 and its two-hundred day moving average is $13.56.

Mueller Water Products (NYSE:MWAGet Free Report) last issued its quarterly earnings data on Friday, February 9th. The industrial products company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.04. The company had revenue of $256.40 million during the quarter, compared to analysts’ expectations of $250.64 million. Mueller Water Products had a return on equity of 13.97% and a net margin of 6.35%. The firm’s revenue for the quarter was down 18.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.13 earnings per share. Analysts predict that Mueller Water Products will post 0.61 earnings per share for the current year.

Mueller Water Products Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Friday, February 9th will be issued a $0.064 dividend. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Thursday, February 8th. Mueller Water Products’s payout ratio is currently 52.00%.

Insider Transactions at Mueller Water Products

In related news, Director Lydia W. Thomas sold 5,961 shares of the business’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $13.95, for a total value of $83,155.95. Following the completion of the transaction, the director now owns 128,138 shares of the company’s stock, valued at approximately $1,787,525.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Thomas J. Hansen sold 6,044 shares of Mueller Water Products stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $13.77, for a total value of $83,225.88. Following the transaction, the director now directly owns 94,525 shares of the company’s stock, valued at approximately $1,301,609.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lydia W. Thomas sold 5,961 shares of the business’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $13.95, for a total transaction of $83,155.95. Following the sale, the director now owns 128,138 shares of the company’s stock, valued at $1,787,525.10. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of MWA. Cramer Rosenthal Mcglynn LLC purchased a new position in shares of Mueller Water Products in the second quarter valued at $8,131,000. Swiss National Bank increased its holdings in shares of Mueller Water Products by 1.1% in the 2nd quarter. Swiss National Bank now owns 340,200 shares of the industrial products company’s stock valued at $5,521,000 after acquiring an additional 3,800 shares during the last quarter. Geode Capital Management LLC raised its stake in Mueller Water Products by 3.2% during the second quarter. Geode Capital Management LLC now owns 2,993,942 shares of the industrial products company’s stock worth $48,592,000 after acquiring an additional 93,956 shares during the period. Stratos Wealth Partners LTD. acquired a new position in Mueller Water Products during the 3rd quarter worth $299,000. Finally, SG Americas Securities LLC bought a new position in shares of Mueller Water Products in the third quarter worth $1,905,000.

About Mueller Water Products

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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.

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