Mueller Water Products (NYSE:MWA) Raised to Buy at Wall Street Zen

Mueller Water Products (NYSE:MWA) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

A number of other equities analysts have also recently issued reports on MWA. The Goldman Sachs Group reissued a “neutral” rating and issued a $29.00 target price on shares of Mueller Water Products in a report on Wednesday, May 6th. Barclays assumed coverage on Mueller Water Products in a report on Tuesday, June 30th. They set an “underweight” rating and a $25.00 target price for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Mueller Water Products in a report on Tuesday, May 19th. Finally, Royal Bank Of Canada raised their price target on Mueller Water Products from $30.00 to $31.00 and gave the stock a “sector perform” rating in a report on Thursday, May 7th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $30.00.

Mueller Water Products Stock Up 0.1%

Shares of NYSE:MWA opened at $25.06 on Friday. The company’s fifty day moving average is $25.43 and its two-hundred day moving average is $27.00. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.92 and a current ratio of 4.57. Mueller Water Products has a 1-year low of $22.74 and a 1-year high of $31.00. The stock has a market capitalization of $3.92 billion, a price-to-earnings ratio of 19.13, a price-to-earnings-growth ratio of 1.14 and a beta of 1.03.

Mueller Water Products (NYSE:MWA) last posted its quarterly earnings results on Tuesday, April 21st. The industrial products company reported $2.16 EPS for the quarter. Mueller Water Products had a net margin of 14.17% and a return on equity of 22.11%. The business had revenue of $1.19 billion during the quarter. Equities analysts anticipate that Mueller Water Products will post 1.47 EPS for the current year.

Insider Transactions at Mueller Water Products

In other news, Director Brian C. Healy bought 1,183 shares of Mueller Water Products stock in a transaction on Tuesday, July 7th. The stock was purchased at an average cost of $25.33 per share, with a total value of $29,965.39. Following the purchase, the director directly owned 24,946 shares of the company’s stock, valued at approximately $631,882.18. This trade represents a 4.98% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Mueller Water Products

Several large investors have recently made changes to their positions in the company. GAMMA Investing LLC boosted its position in shares of Mueller Water Products by 10.4% during the second quarter. GAMMA Investing LLC now owns 4,487 shares of the industrial products company’s stock worth $116,000 after buying an additional 421 shares during the period. Bank of America Corp DE increased its position in Mueller Water Products by 30.0% in the 1st quarter. Bank of America Corp DE now owns 888,975 shares of the industrial products company’s stock valued at $24,438,000 after acquiring an additional 205,269 shares during the period. Janus Henderson Group PLC increased its position in Mueller Water Products by 58.6% in the 1st quarter. Janus Henderson Group PLC now owns 1,934,813 shares of the industrial products company’s stock valued at $53,217,000 after acquiring an additional 714,913 shares during the period. Smith Group Asset Management LLC increased its position in Mueller Water Products by 11.5% in the 1st quarter. Smith Group Asset Management LLC now owns 32,563 shares of the industrial products company’s stock valued at $895,000 after acquiring an additional 3,351 shares during the period. Finally, Adalta Capital Management LLC bought a new stake in Mueller Water Products during the 1st quarter valued at $199,000. Institutional investors and hedge funds own 91.68% of the company’s stock.

About Mueller Water Products

Mueller Water Products, Inc is a leading provider of water infrastructure and flow control products and services designed to help water utilities and municipalities manage, control and measure their water distribution systems. The company’s portfolio includes a comprehensive range of products such as fire hydrants, valves, pipe repair systems, fittings and couplings, along with advanced metering and monitoring solutions. By combining traditional mechanical components with digital technologies, Mueller Water Products addresses the critical need for reliable and sustainable water distribution across North America.

The company’s operations are organized around two primary business segments.