Mueller Water Products, Inc. (NYSE:MWA) – Analysts at Seaport Global Securities dropped their Q4 2018 earnings per share (EPS) estimates for shares of Mueller Water Products in a research note issued to investors on Monday, Zacks Investment Research reports. Seaport Global Securities analyst W. Liptak now expects that the industrial products company will post earnings per share of $0.18 for the quarter, down from their prior forecast of $0.19.
Mueller Water Products (NYSE:MWA) last posted its earnings results on Thursday, February 1st. The industrial products company reported $0.06 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.06. The company had revenue of $178.30 million for the quarter, compared to analyst estimates of $176.13 million. Mueller Water Products had a return on equity of 15.25% and a net margin of 20.51%. The business’s revenue was up 6.6% compared to the same quarter last year. During the same period last year, the company earned $0.04 earnings per share.
MWA has been the topic of a number of other reports. Robert W. Baird reiterated a “hold” rating and issued a $14.00 price objective on shares of Mueller Water Products in a research note on Friday, November 10th. Boenning Scattergood reiterated a “buy” rating and issued a $14.00 price objective on shares of Mueller Water Products in a research note on Thursday, November 2nd. Cowen lowered Mueller Water Products from a “market perform” rating to an “underperform” rating and set a $11.00 price objective on the stock. in a research note on Friday, January 19th. Oppenheimer reiterated an “outperform” rating and issued a $15.00 price objective on shares of Mueller Water Products in a research note on Thursday, December 28th. They noted that the move was a valuation call. Finally, Nomura decreased their target price on Mueller Water Products from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $13.88.
Mueller Water Products (NYSE:MWA) traded up $0.02 during trading on Wednesday, hitting $11.17. The stock had a trading volume of 853,267 shares, compared to its average volume of 1,285,548. The company has a quick ratio of 4.68, a current ratio of 6.19 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $1,770.00, a price-to-earnings ratio of 17.21, a PEG ratio of 1.62 and a beta of 1.20. Mueller Water Products has a twelve month low of $10.54 and a twelve month high of $12.99.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Investors of record on Friday, February 9th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, February 8th. This is an increase from Mueller Water Products’s previous quarterly dividend of $0.04. This represents a $0.20 dividend on an annualized basis and a yield of 1.79%. Mueller Water Products’s dividend payout ratio (DPR) is 30.77%.
In other Mueller Water Products news, CFO Evan Hart sold 49,883 shares of Mueller Water Products stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $12.28, for a total transaction of $612,563.24. Following the sale, the chief financial officer now directly owns 145,530 shares of the company’s stock, valued at $1,787,108.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gregory E. Hyland sold 84,514 shares of Mueller Water Products stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $12.27, for a total value of $1,036,986.78. Following the sale, the insider now directly owns 979,481 shares in the company, valued at $12,018,231.87. The disclosure for this sale can be found here. Over the last three months, insiders have sold 476,640 shares of company stock worth $5,886,596. 3.00% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Belpointe Asset Management LLC acquired a new stake in Mueller Water Products during the third quarter valued at approximately $131,000. AMP Capital Investors Ltd acquired a new stake in Mueller Water Products during the fourth quarter valued at approximately $128,000. Virtu Financial LLC acquired a new stake in Mueller Water Products during the fourth quarter valued at approximately $129,000. Global X Management Co. LLC raised its stake in shares of Mueller Water Products by 75.2% in the fourth quarter. Global X Management Co. LLC now owns 11,284 shares of the industrial products company’s stock valued at $141,000 after acquiring an additional 4,845 shares during the last quarter. Finally, Colony Group LLC bought a new position in shares of Mueller Water Products in the second quarter valued at approximately $135,000. 83.61% of the stock is currently owned by institutional investors.
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Mueller Water Products Company Profile
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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