Cowen lowered shares of Mueller Water Products (NYSE:MWA) from a market perform rating to an underperform rating in a report published on Friday, Marketbeat Ratings reports. They currently have $11.00 price target on the industrial products company’s stock.

A number of other analysts also recently weighed in on MWA. Boenning Scattergood restated a buy rating and issued a $14.00 target price on shares of Mueller Water Products in a report on Thursday, November 2nd. Robert W. Baird restated a hold rating and issued a $14.00 target price on shares of Mueller Water Products in a report on Friday, November 10th. Oppenheimer restated an outperform rating and issued a $15.00 target price on shares of Mueller Water Products in a report on Thursday, December 28th. They noted that the move was a valuation call. Finally, Royal Bank of Canada restated a buy rating and issued a $14.00 target price on shares of Mueller Water Products in a report on Wednesday, October 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. Mueller Water Products presently has an average rating of Buy and a consensus price target of $13.88.

Mueller Water Products (NYSE:MWA) traded down $0.46 during trading on Friday, hitting $11.82. 3,729,662 shares of the stock were exchanged, compared to its average volume of 1,060,000. Mueller Water Products has a 12-month low of $10.84 and a 12-month high of $14.02. The company has a debt-to-equity ratio of 0.97, a quick ratio of 3.75 and a current ratio of 4.73. The company has a market cap of $1,870.00, a P/E ratio of 34.76, a PEG ratio of 1.52 and a beta of 1.33.

Mueller Water Products (NYSE:MWA) last posted its earnings results on Wednesday, November 1st. The industrial products company reported $0.15 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.15. Mueller Water Products had a net margin of 14.93% and a return on equity of 15.43%. The firm had revenue of $226.90 million for the quarter, compared to the consensus estimate of $227.14 million. During the same period in the previous year, the firm posted $0.17 EPS. The business’s quarterly revenue was up 5.2% on a year-over-year basis. sell-side analysts forecast that Mueller Water Products will post 0.54 earnings per share for the current year.

In related news, CFO Evan Hart sold 49,883 shares of Mueller Water Products stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $12.28, for a total transaction of $612,563.24. Following the completion of the transaction, the chief financial officer now directly owns 145,530 shares of the company’s stock, valued at approximately $1,787,108.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Gregory E. Hyland sold 50,000 shares of Mueller Water Products stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $12.34, for a total transaction of $617,000.00. Following the transaction, the chairman now directly owns 979,481 shares of the company’s stock, valued at $12,086,795.54. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 693,656 shares of company stock valued at $8,514,160. 3.00% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. boosted its stake in shares of Mueller Water Products by 2.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 13,730 shares of the industrial products company’s stock worth $160,000 after purchasing an additional 266 shares during the period. Amalgamated Bank boosted its stake in shares of Mueller Water Products by 2.6% during the 2nd quarter. Amalgamated Bank now owns 19,603 shares of the industrial products company’s stock worth $229,000 after purchasing an additional 500 shares during the period. Highlander Capital Management LLC boosted its stake in shares of Mueller Water Products by 3.8% during the 2nd quarter. Highlander Capital Management LLC now owns 38,300 shares of the industrial products company’s stock worth $453,000 after purchasing an additional 1,400 shares during the period. TD Asset Management Inc. boosted its stake in shares of Mueller Water Products by 5.3% during the 3rd quarter. TD Asset Management Inc. now owns 92,900 shares of the industrial products company’s stock worth $1,189,000 after purchasing an additional 4,700 shares during the period. Finally, Voya Investment Management LLC boosted its stake in shares of Mueller Water Products by 6.9% during the 2nd quarter. Voya Investment Management LLC now owns 74,334 shares of the industrial products company’s stock worth $868,000 after purchasing an additional 4,796 shares during the period. 84.03% of the stock is owned by hedge funds and other 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.

Analyst Recommendations for Mueller Water Products (NYSE:MWA)

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