Currently, there are 156.56M common shares owned by the public and among those 153.25M shares have been available to trade.
The company’s stock has a 5-day price change of -1.50% and 12.40% over the past three months. MWA shares are trading 19.29% year to date (YTD), with the 12-month market performance up to 73.39% higher. It has a 12-month low price of $14.81 and touched a high of $28.58 over the same period. MWA has an average intraday trading volume of 1.66 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.47%, 6.72%, and 20.52% respectively.
Institutional ownership of Mueller Water Products Inc (NYSE: MWA) shares accounts for 92.95% of the company’s 156.56M shares outstanding.
It has a market capitalization of $4.20B and a beta (3y monthly) value of 1.23. The stock’s trailing 12-month PE ratio is 30.77, while the earnings-per-share (ttm) stands at $0.87. The company has a PEG of 2.09 and a Quick Ratio of 2.38 with the debt-to-equity ratio at 0.57. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.79% over the week and 3.44% over the month.
Earnings per share for the fiscal year are expected to increase by 27.08%, and 10.52% over the next financial year. EPS should grow at an annualized rate of 14.74% over the next five years, compared to 12.98% over the past 5-year period.
Looking at the support for the MWA, a number of firms have released research notes about the stock. TD Cowen stated their Hold rating for the stock in a research note on August 09, 2024, with the firm’s price target at $19-$20. Oppenheimer coverage for the Mueller Water Products Inc (MWA) stock in a research note released on April 18, 2024 offered a Outperform rating with a price target of $19. Northcoast was of a view on August 04, 2023 that the stock is Neutral, while TD Cowen gave the stock Outperform rating on May 05, 2023, issuing a price target of $11- $19. Northcoast on their part issued Buy rating on November 21, 2022.
