Mueller Water Products (MWA) was Downgraded by Boenning & Scattergood to ” Neutral”. Earlier the firm had a rating of “Outperform ” on the company shares. Boenning & Scattergood advised their investors in a research report released on Jul 13, 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 .Company shares were Reiterated by Wedbush on Apr 28, 2016 to “Outperform”, Firm has raised the Price Target to $ 12.50 from a previous price target of $12 .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 $11.65 and hit $11.94 on the upside on Monday, eventually ending the session at $11.85, with a gain of 2.42% or 0.28 points. The heightened volatility saw the trading volume jump to 11,15,776 shares. Company has a market cap of $1,914 M.
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.