Mueller Water Products, Inc. (NYSE:MWA) – Research analysts at Northcoast Research issued their FY2020 earnings estimates for Mueller Water Products in a report released on Wednesday, November 7th. Northcoast Research analyst A. Cohen forecasts that the industrial products company will post earnings per share of $0.83 for the year.
A number of other equities analysts have also recently commented on the company. Oppenheimer reissued a “buy” rating on shares of Mueller Water Products in a report on Monday, November 5th. Zacks Investment Research raised Mueller Water Products from a “sell” rating to a “hold” rating in a report on Wednesday, October 10th. Berenberg Bank assumed coverage on Mueller Water Products in a report on Wednesday, October 3rd. They issued a “buy” rating and a $15.00 target price for the company. Nomura lowered their target price on Mueller Water Products from $15.00 to $14.00 and set a “buy” rating for the company in a report on Wednesday, September 12th. Finally, Seaport Global Securities cut Mueller Water Products from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $15.00 to $12.50 in a report on Wednesday, August 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $13.36.
Mueller Water Products (NYSE:MWA) last posted its quarterly earnings results on Monday, November 5th. The industrial products company reported $0.17 EPS for the quarter, hitting analysts’ consensus estimates of $0.17. Mueller Water Products had a return on equity of 15.84% and a net margin of 11.53%. The company had revenue of $254.30 million during the quarter, compared to analysts’ expectations of $239.79 million. During the same quarter in the previous year, the firm earned $0.15 EPS. Mueller Water Products’s revenue was up 12.1% on a year-over-year basis.
A number of institutional investors and hedge funds have recently modified their holdings of MWA. Manning & Napier Group LLC increased its holdings in Mueller Water Products by 49.0% in the 2nd quarter. Manning & Napier Group LLC now owns 174,570 shares of the industrial products company’s stock worth $2,044,000 after purchasing an additional 57,395 shares in the last quarter. Fortaleza Asset Management Inc. acquired a new position in Mueller Water Products in the 2nd quarter worth about $128,000. Deprince Race & Zollo Inc. increased its holdings in Mueller Water Products by 5.3% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 2,290,158 shares of the industrial products company’s stock worth $26,841,000 after purchasing an additional 115,516 shares in the last quarter. Speece Thorson Capital Group Inc. increased its holdings in Mueller Water Products by 22.6% in the 2nd quarter. Speece Thorson Capital Group Inc. now owns 717,004 shares of the industrial products company’s stock worth $8,403,000 after purchasing an additional 132,031 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Mueller Water Products in the second quarter valued at about $157,000. 86.34% of the stock is owned by institutional investors and hedge funds.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 20th. Shareholders of record on Friday, November 9th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $0.20 dividend on an annualized basis and a yield of 1.77%. Mueller Water Products’s payout ratio is presently 37.74%.
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 through Infrastructure and Technologies segments. The Infrastructure segment offers valves for water and gas systems, including iron gate, butterfly, 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; small valves, meter bars, and line stopper fittings for use in gas systems; and machines and tools for tapping, drilling, extracting, installing, and stopping-off.
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