The Vanguard Group, Inc. recently announced the acquisition of new stake in Mueller Water Products Inc (NYSE:MWA). The institutional investor has increased its shareholding in the Industrials company by 0.21% to 14.42 million shares with purchase of 30871.0 shares. This fresh investment now brings its stake to 9.24% valued currently at $207.71 million. In addition, BlackRock Fund Advisors raised its holdings by 24312.0 to 9.54 million shares. And Franklin Mutual Advisers LLC has lifted its position by 91.38% or 3.11 million shares – to 6.52 million shares.
With over 0.46 million Mueller Water Products Inc (MWA) shares trading Friday and a closing price of $13.86 on the day, the dollar volume was approximately $6.35 million. The shares have shown a negative half year performance of -13.59% and its price on 01/12/24 gained nearly 0.36%. Currently, there are 155.87M common shares owned by the public and among those 153.13M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 6 analysts who have offered their price forecasts for MWA have a consensus price objective of $15.90. The analysts have set the share’s price value over the next 12 months at a high of $19.00 and a low of $14.00. The average price target is 12.83% above its recent price level and an upside to the estimated low will see the stock gain 1.0% over that period. But an upside of 27.05% will see the stock hit the forecast high price target while median target price for the stock is $15.00.
Insiders at the company have transacted a total of 27 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 20 of these insider trades were purchases, accounting for 382,993 shares. Insider sales of the common stock occurred on 7 occasions, with total insider shares sold totaling 68,188 shares.
The top 3 mutual fund holders in Mueller Water Products Inc are Nuance Mid Cap Value Fund, BNP Paribas – Aqua Fund, and BNP Paribas Aqua. Nuance Mid Cap Value Fund owns 6.51 million shares of the company’s stock, all valued at over $93.72 million. The company bought an additional 0.58 million shares recently to bring their total holdings to about 4.17% of the shares outstanding. BNP Paribas Aqua now owns shares totaling to 3.90% of the shares outstanding.
Shares of Mueller Water Products Inc (NYSE: MWA) opened at $13.99, up $0.18 from a prior closing price of $13.81. However, the script later moved the day high at 13.99, up 0.36%. The company’s stock has a 5-day price change of 0.95% and 7.36% over the past three months. MWA shares are trading -3.75% year to date (YTD), with the 12-month market performance up to 15.50% higher. It has a 12-month low price of $11.77 and touched a high of $16.62 over the same period. MWA has an average intraday trading volume of 901.53K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.18%, 2.11%, and -0.56% respectively.
Institutional ownership of Mueller Water Products Inc (NYSE: MWA) shares accounts for 94.84% of the company’s 155.87M shares outstanding. Mutual fund holders own 60.56%, while other institutional holders and individual stakeholders account for 67.53% and 29.02% respectively.
It has a market capitalization of $2.16B and a beta (3y monthly) value of 1.33. The stock’s trailing 12-month PE ratio is 25.45, while the earnings-per-share (ttm) stands at $0.54. The company has a PEG of 2.55 and a Quick Ratio of 1.87 with the debt-to-equity ratio at 0.66. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.30% over the week and 2.30% over the month.
Analysts forecast that Mueller Water Products Inc (MWA) will achieve an EPS of $0.08 for the current quarter, $0.12 for the next quarter and $0.71 for 2025. The lowest estimate earnings-per-share for the quarter is $0.06 while analysts give the company a high EPS estimate of $0.1. Comparatively, EPS for the current quarter was $0.13 a year ago. Earnings per share for the fiscal year are expected to decrease by -7.94%, and 22.41% over the next financial year. EPS should grow at an annualized rate of 10.00% over the next five years, compared to -3.78% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 6 brokerage firm advisors rate Mueller Water Products Inc (MWA) as a “Moderate Buy” at a consensus score of 2.33. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 4 of the 6 advise that investors “hold,” and 0 rated it as a “Sell.”
