Several brokerages recently issued reports on MWA. ValuEngine cut Mueller Water Products from a “hold” rating to a “sell” rating in a research note on Monday, December 16th. Zacks Investment Research lowered Mueller Water Products from a “hold” rating to a “sell” rating in a research report on Friday, November 8th. Oppenheimer set a $13.00 target price on Mueller Water Products and gave the stock a “buy” rating in a report on Thursday, September 26th. Finally, TheStreet raised Mueller Water Products from a “c+” rating to a “b-” rating in a research report on Friday, September 13th. Three analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $11.50.
The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.10 and a current ratio of 3.18. The company has a market capitalization of $1.90 billion, a P/E ratio of 19.49, a PEG ratio of 1.57 and a beta of 1.02. The company’s fifty day simple moving average is $11.62 and its 200-day simple moving average is $10.82.
In related news, CFO Marietta Edmunds Zakas sold 34,965 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $10.93, for a total transaction of $382,167.45. Following the completion of the sale, the chief financial officer now directly owns 278,864 shares in the company, valued at approximately $3,047,983.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Shirley C. Franklin sold 12,808 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $11.12, for a total value of $142,424.96. Following the sale, the director now directly owns 40,084 shares in the company, valued at approximately $445,734.08. The disclosure for this sale can be found here. Over the last three months, insiders have sold 64,787 shares of company stock worth $726,560. 1.60% of the stock is currently owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in MWA. Amundi Pioneer Asset Management Inc. boosted its position in shares of Mueller Water Products by 69.1% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 2,175,379 shares of the industrial products company’s stock worth $21,840,000 after purchasing an additional 888,715 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Mueller Water Products by 22.3% during the second quarter. JPMorgan Chase & Co. now owns 166,695 shares of the industrial products company’s stock valued at $1,601,000 after acquiring an additional 30,411 shares in the last quarter. Bank of Montreal Can acquired a new position in shares of Mueller Water Products during the second quarter valued at about $128,000. Charles Schwab Investment Management Inc. raised its position in shares of Mueller Water Products by 2.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,305,201 shares of the industrial products company’s stock valued at $12,818,000 after purchasing an additional 30,276 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Mueller Water Products by 1.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,222,061 shares of the industrial products company’s stock valued at $12,001,000 after purchasing an additional 19,878 shares during the last quarter. 86.22% of the stock is owned by institutional investors and hedge funds.
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 in two segments, Infrastructure and Technologies. The Infrastructure segment offers valves for water and gas systems, including butterfly, iron gate, 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; and machines and tools for tapping, drilling, extracting, installing, and stopping-off.
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