Mueller Water Products (NYSE:MWA) Upgraded at Barclays

Mueller Water Products (NYSE:MWA) was upgraded by Barclays to a “strong sell” rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other research firms have also recently weighed in on MWA. Royal Bank Of Canada upped their price objective on shares of Mueller Water Products from $30.00 to $31.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 7th. Weiss Ratings reissued a “buy (b)” rating on shares of Mueller Water Products in a report on Tuesday, May 19th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $29.00 target price on shares of Mueller Water Products in a research report on Wednesday, May 6th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Mueller Water Products has an average rating of “Hold” and an average target price of $30.00.

Mueller Water Products Stock Down 0.9%

Shares of MWA opened at $25.86 on Tuesday. Mueller Water Products has a 12 month low of $22.74 and a 12 month high of $31.00. The firm’s 50 day moving average is $26.17 and its 200-day moving average is $26.94. The stock has a market capitalization of $4.05 billion, a PE ratio of 19.74, a P/E/G ratio of 1.18 and a beta of 1.03. The company has a current ratio of 4.57, a quick ratio of 2.92 and a debt-to-equity ratio of 0.42.

Mueller Water Products (NYSE:MWA) last released its quarterly earnings results on Tuesday, April 21st. The industrial products company reported $2.16 earnings per share for the quarter. The company had revenue of $1.19 billion during the quarter. Mueller Water Products had a net margin of 14.17% and a return on equity of 22.11%. Equities research analysts forecast that Mueller Water Products will post 1.47 EPS for the current year.

Insider Activity at Mueller Water Products

In other Mueller Water Products news, Director Brian C. Healy purchased 1,166 shares of the stock in a transaction dated Friday, May 15th. The stock was bought at an average price of $25.75 per share, with a total value of $30,024.50. Following the acquisition, the director owned 23,763 shares of the company’s stock, valued at approximately $611,897.25. This represents a 5.16% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MWA. Bank of America Corp DE boosted its stake in shares of Mueller Water Products by 30.0% in the 1st quarter. Bank of America Corp DE now owns 888,975 shares of the industrial products company’s stock valued at $24,438,000 after purchasing an additional 205,269 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of Mueller Water Products by 58.6% in the 1st quarter. Janus Henderson Group PLC now owns 1,934,813 shares of the industrial products company’s stock valued at $53,217,000 after acquiring an additional 714,913 shares during the last quarter. Smith Group Asset Management LLC increased its holdings in Mueller Water Products by 11.5% in the 1st quarter. Smith Group Asset Management LLC now owns 32,563 shares of the industrial products company’s stock worth $895,000 after purchasing an additional 3,351 shares in the last quarter. Adalta Capital Management LLC acquired a new stake in shares of Mueller Water Products during the first quarter valued at about $199,000. Finally, EverSource Wealth Advisors LLC raised its holdings in Mueller Water Products by 25.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 8,768 shares of the industrial products company’s stock valued at $241,000 after buying an additional 1,751 shares during the last quarter. Institutional investors own 91.68% of the company’s stock.

Mueller Water Products Company Profile

Mueller Water Products, Inc is a leading provider of water infrastructure and flow control products and services designed to help water utilities and municipalities manage, control and measure their water distribution systems. The company’s portfolio includes a comprehensive range of products such as fire hydrants, valves, pipe repair systems, fittings and couplings, along with advanced metering and monitoring solutions. By combining traditional mechanical components with digital technologies, Mueller Water Products addresses the critical need for reliable and sustainable water distribution across North America.

The company’s operations are organized around two primary business segments.