Brokers

Brokers Issue Forecasts for Mueller Water Products, Inc.’s Q4 2022 Earnings (NYSE:MWA)


Mueller Water Products, Inc. (NYSE:MWAGet Rating) – Investment analysts at Oppenheimer lifted their Q4 2022 EPS estimates for shares of Mueller Water Products in a note issued to investors on Thursday, July 14th. Oppenheimer analyst B. Blair now anticipates that the industrial products company will earn $0.18 per share for the quarter, up from their prior estimate of $0.17. The consensus estimate for Mueller Water Products’ current full-year earnings is $0.65 per share.

Mueller Water Products (NYSE:MWAGet Rating) last posted its quarterly earnings data on Monday, May 2nd. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.15. The firm had revenue of $310.50 million during the quarter, compared to the consensus estimate of $294.50 million. Mueller Water Products had a net margin of 6.38% and a return on equity of 13.59%. During the same quarter in the previous year, the firm posted $0.14 EPS.

A number of other analysts also recently weighed in on MWA. Northcoast Research began coverage on shares of Mueller Water Products in a report on Friday. They set a “neutral” rating for the company. Cowen lowered their price objective on shares of Mueller Water Products from $15.00 to $13.00 in a research report on Tuesday, June 28th. StockNews.com upgraded shares of Mueller Water Products from a “hold” rating to a “buy” rating in a research report on Monday, July 11th. Finally, Cowen decreased their price target on shares of Mueller Water Products from $15.00 to $13.00 in a research report on Tuesday, June 28th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $14.75.

Mueller Water Products Stock Performance

Shares of Mueller Water Products stock opened at $11.85 on Friday. The company has a 50 day moving average of $11.74 and a 200-day moving average of $12.46. Mueller Water Products has a 1-year low of $10.88 and a 1-year high of $17.37. The company has a current ratio of 3.21, a quick ratio of 2.07 and a debt-to-equity ratio of 0.63. The company has a market cap of $1.86 billion, a PE ratio of 24.69, a price-to-earnings-growth ratio of 1.49 and a beta of 1.26.

Mueller Water Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 20th. Shareholders of record on Tuesday, May 10th were paid a $0.058 dividend. This represents a $0.23 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date was Monday, May 9th. Mueller Water Products’s dividend payout ratio (DPR) is 47.92%.

Insider Buying and Selling at Mueller Water Products

In related news, SVP Todd P. Helms sold 3,875 shares of the firm’s stock in a transaction dated Friday, May 13th. The shares were sold at an average price of $11.63, for a total transaction of $45,066.25. Following the transaction, the senior vice president now directly owns 23,590 shares of the company’s stock, valued at $274,351.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Steven S. Heinrichs sold 17,000 shares of Mueller Water Products stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $11.54, for a total value of $196,180.00. Following the completion of the transaction, the executive vice president now owns 55,316 shares in the company, valued at $638,346.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Todd P. Helms sold 3,875 shares of Mueller Water Products stock in a transaction dated Friday, May 13th. The stock was sold at an average price of $11.63, for a total transaction of $45,066.25. Following the completion of the transaction, the senior vice president now owns 23,590 shares of the company’s stock, valued at approximately $274,351.70. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,875 shares of company stock valued at $324,826. Corporate insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On Mueller Water Products

A number of large investors have recently modified their holdings of MWA. Nuance Investments LLC lifted its position in Mueller Water Products by 67.2% during the first quarter. Nuance Investments LLC now owns 7,484,902 shares of the industrial products company’s stock valued at $96,705,000 after purchasing an additional 3,008,643 shares during the last quarter. Eaton Vance Management lifted its position in Mueller Water Products by 21.0% during the first quarter. Eaton Vance Management now owns 3,984,187 shares of the industrial products company’s stock valued at $51,476,000 after purchasing an additional 690,788 shares during the last quarter. State Street Corp lifted its position in Mueller Water Products by 3.2% during the first quarter. State Street Corp now owns 3,483,104 shares of the industrial products company’s stock valued at $45,002,000 after purchasing an additional 109,494 shares during the last quarter. Kempen Capital Management N.V. lifted its position in Mueller Water Products by 152.3% during the first quarter. Kempen Capital Management N.V. now owns 3,394,000 shares of the industrial products company’s stock valued at $43,851,000 after purchasing an additional 2,049,004 shares during the last quarter. Finally, Invesco Ltd. lifted its position in Mueller Water Products by 28.5% during the fourth quarter. Invesco Ltd. now owns 3,319,480 shares of the industrial products company’s stock valued at $47,800,000 after purchasing an additional 735,737 shares during the last quarter. 88.55% of the stock is currently owned by institutional investors.

About Mueller Water Products

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Mueller Water Products Inc manufactures and markets products and services used in the transmission, distribution, and measurement of water in North America and internationally. Its products and services are used by municipalities, and the residential and non-residential construction industries. It operates through two segments, Infrastructure and Technologies.

Further Reading

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



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