Mueller Water Products Inc. (MWA): 1 Analysts rated it as Sell MWA

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Mueller Water Products Inc. (NYSE:MWA) changes shares on Wednesday trading session, with a change of 2.62% or $0.27 shares. The trading starts at $10.45 and closed at $10.30 throughout the day. The trading session low price was $10.385 and day high was $10.585 on Wednesday, August 05. After the session, the Industrials sector daily volume shifted to 0.84 million while its average volume is 821.36K. In other hand, the MWA market cap reached to $1.67B. While, its current target price is $10.50.

On June 12, 2020, Mueller Water Products wins dismissal of stock drop lawsuit. According to the news reported on Reuters, Water meter maker Mueller Water Products Inc and several of its executives have won dismissal of an investor class action accusing the company of concealing problems with smart water meters.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 3.32% and up 14.15% for month. Its quarterly performance was 21.77% above, while its half year performance is down -14.00%. MWA yearly performance stood at positive 2.22% and fall -11.77% for year-to-date. Current recommendation for Mueller Water Products Inc. is 2.50.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. MWA EPS (TTM) for 12-month is 0.68. EPS for this year is -10.10%, while for the next year its value is 0.54. Sales growth for the current quarter is 1.55 while its EPS Q/Q reached 119.00%. It has an EPS of 17.40% up for past five years and for the next five years will be up 10.00%.

Let’s take a look on the analyst recommendations on MWA for the current month and previous month. For the current month, 3 of 9 analysts recommend stock as Buy while 1 as Sell, 0 as overweight, 0 as underweight and 5 as Hold. As compared with the previous month ratings, 10 analysts participate in stock recommendation. Out of 10, 1 rated it sell, 4 rated it as Buy and 5 as Hold Ratings. On the other hand, target price ranges from $8.00 – $13.00. Average target price for MWA was reached at $10.11.

Vanguard Group, Inc. (The), Blackrock Inc. and Impax Asset Management Group Plc are the top three holders in Mueller Water Products Inc. (MWA) stock. On Mar 30, 2020, Vanguard Group, Inc. (The) has 14.54 million shares which valued 116.44 million. On Mar 30, 2020, Blackrock Inc. owned 11.96 million shares which valued at 95.81 million. On Mar 30, 2020, Impax Asset Management Group Plc has a total of 11.63 million shares which valued at 93.14 million. In the end, Impax Asset Management Group Plc have 7.37% shares outstanding of Mueller Water Products Inc. (MWA) on Mar 30, 2020. The insider ownership moved to 1.53% and institutional holding shifted to 94.80%.

The company posted an EPS (TTM) of 0.68. According to the most recent quarter report on (Jun 2020), 9 analysts estimated an average EPS of 0.09, while 0.24 EPS posted a year ago period. Analyst Estimated EPS for MWA published in the report was $0.07 – $0.13 during the same period. Comparing with last year, the average estimated EPS was 0.24 which is higher than 0.15 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for MWA rise 2.26% for period of 200 days. SMA for 50 days was 10.80% which is showing green signal, while SMA-20 was 7.65%. The moving average value for Mueller Water Products Inc. (MWA) is 9.75 and 9.54 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in MWA stock. On Feb 28, RETHORE BERNARD G, Director, bought 10,000 trading shares at the cost of $10.90, which valued at 0.11 million. On Feb 10, KOLB JERRY W, Director, sold 33,025 shares at the cost of $11.92, with total shares of 11,829. On Feb 07, KOLB JERRY W, Director, sold 22,059 shares at the cost of 12.01. After this transaction, KOLB JERRY W total shares reached to 11,829 which valued at 0.26 million.