Mueller Water Products Inc (NYSE:MWA) – Research analysts at DA Davidson boosted their FY2019 earnings estimates for Mueller Water Products in a research report issued on Wednesday, May 9th. DA Davidson analyst B. Thielman now expects that the industrial products company will post earnings per share of $0.65 for the year, up from their previous estimate of $0.62.
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Several other analysts have also recently weighed in on MWA. Cowen cut Mueller Water Products from a “market perform” rating to an “underperform” rating and set a $11.00 price objective for the company. in a report on Friday, January 19th. Boenning Scattergood cut Mueller Water Products from an “outperform” rating to a “neutral” rating in a research note on Friday, February 2nd. Nomura lowered their price target on Mueller Water Products from $17.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, February 2nd. Finally, ValuEngine cut Mueller Water Products from a “hold” rating to a “sell” rating in a research note on Tuesday, April 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $13.67.
Shares of NYSE:MWA opened at $11.60 on Thursday. The firm has a market capitalization of $1.79 billion, a PE ratio of 26.36, a price-to-earnings-growth ratio of 1.71 and a beta of 1.21. The company has a current ratio of 6.19, a quick ratio of 4.68 and a debt-to-equity ratio of 0.89.
Mueller Water Products (NYSE:MWA) last announced its quarterly earnings data on Monday, May 7th. The industrial products company reported $0.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.02. The firm had revenue of $233.20 million during the quarter, compared to analysts’ expectations of $213.37 million. Mueller Water Products had a return on equity of 15.63% and a net margin of 12.47%. The company’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.09 EPS.
The business also recently declared a quarterly dividend, which will be paid on Monday, May 21st. Stockholders of record on Thursday, May 10th will be paid a $0.05 dividend. The ex-dividend date is Wednesday, May 9th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.72%. Mueller Water Products’s dividend payout ratio (DPR) is presently 45.45%.
Several hedge funds have recently made changes to their positions in MWA. AMP Capital Investors Ltd bought a new stake in shares of Mueller Water Products in the 4th quarter valued at about $128,000. Virtu Financial LLC acquired a new position in shares of Mueller Water Products in the 4th quarter valued at approximately $129,000. Global X Management Co. LLC grew its position in shares of Mueller Water Products by 75.2% in the 4th quarter. Global X Management Co. LLC now owns 11,284 shares of the industrial products company’s stock valued at $141,000 after purchasing an additional 4,845 shares during the period. Vanguard Capital Wealth Advisors acquired a new position in shares of Mueller Water Products in the 4th quarter valued at approximately $167,000. Finally, Verition Fund Management LLC acquired a new position in shares of Mueller Water Products in the 4th quarter valued at approximately $183,000. 87.28% of the stock is owned by institutional investors.
About Mueller Water Products
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.