News coverage about Mueller Water Products (NYSE:MWA) has trended somewhat positive on Saturday, Accern Sentiment reports. The research group ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Mueller Water Products earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave media headlines about the industrial products company an impact score of 46.2142994604876 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Shares of Mueller Water Products (NYSE MWA) opened at $12.66 on Friday. Mueller Water Products has a twelve month low of $10.84 and a twelve month high of $14.02. The company has a market capitalization of $2,010.00, a P/E ratio of 37.24, a P/E/G ratio of 1.56 and a beta of 1.33. The company has a quick ratio of 3.75, a current ratio of 4.73 and a debt-to-equity ratio of 0.97.
Mueller Water Products (NYSE:MWA) last announced its earnings results on Wednesday, November 1st. The industrial products company reported $0.15 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.15. Mueller Water Products had a return on equity of 15.43% and a net margin of 14.93%. The business had revenue of $226.90 million for the quarter, compared to analysts’ expectations of $227.14 million. During the same period in the prior year, the business posted $0.17 earnings per share. The firm’s revenue was up 5.2% on a year-over-year basis. equities analysts predict that Mueller Water Products will post 0.54 EPS for the current fiscal year.
Several analysts have recently weighed in on the company. Oppenheimer restated an “outperform” rating and set a $15.00 price target on shares of Mueller Water Products in a report on Thursday, December 28th. They noted that the move was a valuation call. Cowen restated a “hold” rating and set a $12.00 price target on shares of Mueller Water Products in a report on Thursday, September 21st. Boenning Scattergood restated a “buy” rating and set a $14.00 price target on shares of Mueller Water Products in a report on Thursday, November 2nd. Robert W. Baird restated a “hold” rating and set a $14.00 price target on shares of Mueller Water Products in a report on Friday, November 10th. Finally, Royal Bank of Canada restated a “buy” rating and set a $14.00 price target on shares of Mueller Water Products in a report on Wednesday, October 11th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $14.00.
In other Mueller Water Products news, CFO Evan Hart sold 167,016 shares of the stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $12.11, for a total transaction of $2,022,563.76. Following the transaction, the chief financial officer now directly owns 355,862 shares in the company, valued at approximately $4,309,488.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Gregory E. Hyland sold 50,000 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $12.27, for a total value of $613,500.00. Following the transaction, the chairman now owns 979,481 shares in the company, valued at $12,018,231.87. The disclosure for this sale can be found here. Insiders sold 693,656 shares of company stock worth $8,514,160 over the last quarter. 3.00% of the stock is currently owned by company insiders.
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About Mueller Water Products
Mueller Water Products, Inc is a manufacturer and marketer of products and services used in the transmission, distribution and measurement of water in North America. The Company operates through three segments: Mueller Co, Anvil and Mueller Technologies. The Mueller Co segment manufactures valves for water and gas systems, and dry-barrel and wet-barrel fire hydrants.
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