Seaport Global Securities Research Analysts Reduce Earnings Estimates for Mueller Water Products, Inc. (NYSE:MWA)

Mueller Water Products, Inc. (NYSE:MWA) – Investment analysts at Seaport Global Securities reduced their Q4 2020 EPS estimates for Mueller Water Products in a research report issued to clients and investors on Wednesday, November 6th. Seaport Global Securities analyst W. Liptak now anticipates that the industrial products company will post earnings per share of $0.17 for the quarter, down from their prior forecast of $0.20. Seaport Global Securities has a “Buy” rating and a $12.00 price target on the stock.

Several other research firms also recently weighed in on MWA. Oppenheimer set a $13.00 target price on Mueller Water Products and gave the stock a “buy” rating in a research report on Thursday, September 26th. ValuEngine upgraded Mueller Water Products from a “sell” rating to a “hold” rating in a research report on Friday, August 16th. Zacks Investment Research downgraded Mueller Water Products from a “hold” rating to a “sell” rating in a research report on Friday. Boenning Scattergood upgraded Mueller Water Products from a “neutral” rating to an “outperform” rating in a research report on Tuesday, August 6th. Finally, TheStreet upgraded Mueller Water Products from a “c+” rating to a “b-” rating in a research report on Friday, September 13th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. Mueller Water Products presently has an average rating of “Hold” and a consensus target price of $11.50.

NYSE:MWA opened at $11.15 on Friday. Mueller Water Products has a twelve month low of $8.47 and a twelve month high of $12.26. The company has a market cap of $1.76 billion, a price-to-earnings ratio of 18.28, a price-to-earnings-growth ratio of 1.21 and a beta of 1.00. The stock has a fifty day simple moving average of $11.30 and a 200-day simple moving average of $10.30. The company has a current ratio of 3.15, a quick ratio of 2.00 and a debt-to-equity ratio of 0.79.

Mueller Water Products (NYSE:MWA) last released its earnings results on Tuesday, November 5th. The industrial products company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01). Mueller Water Products had a return on equity of 17.71% and a net margin of 6.59%. The business had revenue of $266.90 million for the quarter, compared to the consensus estimate of $279.05 million. During the same quarter last year, the business posted $0.17 earnings per share. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Friday, November 8th will be paid a dividend of $0.052 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.21 annualized dividend and a dividend yield of 1.87%. Mueller Water Products’s dividend payout ratio is currently 34.43%.

In other news, EVP Gregory Rogowski sold 85,839 shares of the firm’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $10.06, for a total transaction of $863,540.34. Following the transaction, the executive vice president now owns 425,473 shares in the company, valued at $4,280,258.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.70% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of MWA. Resources Investment Advisors LLC. grew its stake in Mueller Water Products by 224.2% in the second quarter. Resources Investment Advisors LLC. now owns 5,350 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 3,700 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in Mueller Water Products in the second quarter valued at about $83,000. Paloma Partners Management Co purchased a new position in Mueller Water Products in the second quarter valued at about $103,000. Fox Run Management L.L.C. purchased a new position in Mueller Water Products in the third quarter valued at about $112,000. Finally, Clarus Wealth Advisors grew its stake in Mueller Water Products by 10.6% in the third quarter. Clarus Wealth Advisors now owns 11,307 shares of the industrial products company’s stock valued at $127,000 after purchasing an additional 1,085 shares during the last quarter. Institutional investors own 87.14% of the company’s stock.

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 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.

Read More: Roth IRA

Earnings History and Estimates for Mueller Water Products (NYSE:MWA)

Leave a Reply

Your email address will not be published. Required fields are marked *

*