Mueller Water Products (NYSE:MWA) Lifted 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 research report report published on Friday.

Mueller Water Products Stock Performance

Shares of MWA stock opened at $15.72 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.87 and a current ratio of 3.23. Mueller Water Products has a fifty-two week low of $12.11 and a fifty-two week high of $16.62. The stock has a 50 day moving average price of $14.02 and a two-hundred day moving average price of $13.56. The company has a market capitalization of $2.45 billion, a P/E ratio of 31.48, a PEG ratio of 2.08 and a beta of 1.33.

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

Mueller Water Products Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Friday, February 9th will be paid a dividend of $0.064 per share. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $0.26 annualized dividend and a dividend yield of 1.63%. Mueller Water Products’s dividend payout ratio (DPR) is presently 52.00%.

Insider Buying and Selling

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

Institutional Investors Weigh In On Mueller Water Products

Institutional investors have recently modified their holdings of the stock. Pingora Partners LLC purchased a new stake in shares of Mueller Water Products in the fourth quarter worth $29,000. Tower Research Capital LLC TRC grew its stake in shares of Mueller Water Products by 132.1% in the first quarter. Tower Research Capital LLC TRC now owns 3,291 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 1,873 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of Mueller Water Products by 1,340.0% in the fourth quarter. International Assets Investment Management LLC now owns 4,752 shares of the industrial products company’s stock worth $68,000 after acquiring an additional 4,422 shares during the last quarter. Captrust Financial Advisors grew its stake in shares of Mueller Water Products by 22.8% in the first quarter. Captrust Financial Advisors now owns 5,580 shares of the industrial products company’s stock worth $72,000 after acquiring an additional 1,036 shares during the last quarter. Finally, Covestor Ltd lifted its holdings in shares of Mueller Water Products by 18,866.7% during the second quarter. Covestor Ltd now owns 4,552 shares of the industrial products company’s stock valued at $74,000 after purchasing an additional 4,528 shares in the last quarter.

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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