Shares of Mueller Water Products, Inc. (NYSE:MWA) have received a consensus rating of “Buy” from the eight analysts that are presently covering the company, AnalystRatings.Net reports. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $11.13.

Other institutional investors have added to or reduced their stakes in the company. Simplex Trading acquired a new position in Mueller Water Products during the fourth quarter valued at about $0. Quantitative Systematic Strategies acquired a new position in Mueller Water Products during the fourth quarter valued at about $1,003,000. Beacon Capital Management acquired a new position in Mueller Water Products during the fourth quarter valued at about $0. Finally, Assetmark acquired a new position in Mueller Water Products during the third quarter valued at about $0.

Several research firms have commented on MWA. Janney Montgomery Scott began coverage on Mueller Water Products in a research note on Monday, January 11th. They set a “buy” rating and a $10.00 price objective for the company. Zacks Investment Research raised Mueller Water Products from a “sell” rating to a “hold” rating in a research note on Tuesday, November 10th.

Mueller Water Products (NYSE:MWA) opened at 8.21 on Thursday. The company’s 50-day moving average price is $8.36 and its 200-day moving average price is $8.55. Mueller Water Products has a 12 month low of $7.04 and a 12 month high of $10.54. The stock has a market cap of $1.32 billion and a P/E ratio of 43.21.

Mueller Water Products (NYSE:MWA) last posted its quarterly earnings data on Thursday, November 5th. The company reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.01. During the same period in the previous year, the company posted $0.12 earnings per share. The business earned $311.40 million during the quarter, compared to analysts’ expectations of $317.80 million. The firm’s revenue was down 2.9% compared to the same quarter last year. Equities analysts forecast that Mueller Water Products will post $0.48 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 19th. Shareholders of record on Wednesday, February 10th will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Monday, February 8th.

Mueller Water Products, Inc., is a manufacturer and marketer of products and services used in the transmission, distribution and measurement of water. The Company’s 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.

12 Month Chart for NYSE:MWA

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