Mueller Water Products (MWA) was Reiterated by Wedbush to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 12.50 from a previous price target of $12 . Wedbush advised their investors in a research report released on Apr 28, 2016.
Many Wall Street Analysts have commented on Mueller Water Products. Company shares were Reiterated by RBC Capital Mkts on Apr 28, 2016 to “Outperform”, Firm has raised the Price Target to $ 12 from a previous price target of $11 .Mueller Water Products was Initiated by Northcoast to “Neutral” on Apr 19, 2016.
On the company’s financial health, Mueller Water Products reported $0.10 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.09. The company had revenue of $283.60 million for the quarter, compared to analysts expectations of $291.91 million. The company’s revenue was down -2.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.08 EPS.
Mueller Water Products opened for trading at $10.61 and hit $10.92 on the upside on Wednesday, eventually ending the session at $10.84, with a gain of 2.55% or 0.27 points. The heightened volatility saw the trading volume jump to 33,27,025 shares. Company has a market cap of $1,748 M.
Investors should note that on Mar 31, 2016, Mueller Water Products announced a cash dividend of $0.0300. The company’s management has announced May 6, 2016 as the ex-dividend date and fixed the record date on May 10, 2016. The payable date has been fixed on May 20, 2016.
In a different news, on Feb 25, 2015, Thomas E Fish (President, Anvil) sold 65,000 shares at $9.20 per share price.
Mueller Water Products Inc. is a manufacturer and marketer of products and services used in the transmission distribution and measurement of water. The Companys product portfolio includes engineered valves fire hydrants metering products and systems leak detection and pipe condition assessment which are used by municipalities and residential and non-residential construction industries. The Company operates through two segments: Mueller Co. and Anvil. The Company helps municipalities increase operational efficiencies improve customer service and prioritize capital spending. Mueller Co. manufactures valves for water and gas systems including iron gate butterfly tapping check plug and ball valves dry-barrel and wet-barrel fire hydrants and metering systems. The Company also manufactures fittings and couplings including cast iron fittings malleable iron fittings and unions grooved fittings threaded steel pipe coupling and nipples.