Mueller Water Products Inc. (NYSE:MWA) finished Friday with a subtraction of -$0.11 to close at $16.25, a downside of -0.67 percent. An average of 845,100 shares of common stock have been traded in the last five days. There was a gain of $0.34 in the past week, and it reached a new high 32 times over the past 12 months. The last 20 days have seen an average of 844,075 shares traded, while the 50-day average volume stands at 953,212.
MWA stock has increased by 2.85% in the last month. The company shares reached their 1-month lowest point of $15.01 on 10/01/21. With the stock rallying to its 52-week high on 08/30/21, shares of the company touched a low of $10.26 and a high of $16.90 in 52 weeks. It has reached a new high 29 times so far this year and achieved 31.26% or $3.87 in price. In spite of this, the price is down -3.85% from the 52-week high.
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22 days have passed since Mueller Water Products Inc. (MWA) last reported insider trading activity. FRANKLIN SHIRLEY C., who is Director, most recently acquired $5,112 shares at $15.28 per share on Oct 01. In this transaction, the insider spent $78,111. Director, THOMAS LYDIA W, disposed of 6,965 shares at a price of $16.56 on Sep 02. The insider now owns more than $115,346 worth of shares. Prior to that, Director FRANKLIN SHIRLEY C. went on to Sale 5,112 shares at $16.62 each on Sep 01. An amount of $84,961 was transacted.
Mueller Water Products Inc. (MWA) has a trailing price-to-earnings (P/E) ratio of 32.83, which compares with the 20.30 for the broader industry and 29.83 for the sector. In the last five years, Mueller Water Products Inc.’s PE ratio has ranged between 57.74 and 10.00. The stock’s beta is 1.33. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.35, the price-to-book (PB) ratio at 3.77, and the price-to-cash flow ratio at 28.62.
Mueller Water Products Inc. pays a $0.22 dividend per share annually. It offers a dividend yield of 1.35%. The company has a payout ratio of 43.70%. The company’s most recent quarterly dividend payment took place on Aug. 20, and it was $0.0550 a share, without any change from last year. Its dividend has been increased for the last 7 consecutive years with the latest increase dividend $0.0030 reported on Friday October 23 2020.Dividends have grown by 32.81% each year over the last three years.
The quick ratio of Mueller Water Products Inc. for the three months ended June 29 was 2.40, and the current ratio was 3.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.65 and a total debt to equity ratio of 0.65 for the quarter ending June 29. Mueller Water Products Inc.’s EBITDA margin for the year ending June 29 is 19.46%, while its operating margin for the same period stands at 11.80%. Its gross profit as reported stood at $328.2 million compared to revenue of $964.1 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Mueller Water Products Inc.’s return on assets was 5.50%. For the broader industry, ROE averaged 7.02 over the past year.
For the three-month period that ended June 29, Mueller Water Products Inc. had $445.6 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $14.4 million in the quarter, while revenues were grew 22.22%. The analyst consensus anticipated Mueller Water Products Inc.’s latest quarter earnings to come in at $0.16 per share, but it turned out to be $0.18, a 12.50% surprise. For the quarter, EBITDA amounted to $57.9 million. Shareholders own equity worth $158.56 million.
From a technical analysis perspective, let’s take a brief look at Mueller Water Products Inc. (MWA) price momentum. RSI 9-day as of the close on 22 October was 59.82%, suggesting the stock is Neutral, with historical volatility in this time frame at 20.65%.
As of today, MWA’s price is $16.25 +2.14% or $0.34 from its 5-day moving average. MWA is currently trading +2.85% higher than its 20-day SMA and +12.61% higher than its 100-day SMA. However, the stock’s current price level is +4.43% above the SMA50 and +23.67% above the SMA200.
The stochastic %K and %D were 81.31% and 83.76%, respectively, and the average true range (ATR) was 0.36. With the 14-day stochastic at 79.53% and the average true range at 0.36, the RSI (14) stands at 57.38%. The stock has reached 0.27 on the 9-day MACD Oscillator while the 14-day reading was at 0.36.
Cowen upgraded Mueller Water Products Inc. (NYSE: MWA) to a a Market perform rating in its most recent analyst report. Previously, the stock was rated as an Underperform. The consensus rating for Mueller Water Products Inc. (MWA) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell MWA, while 6 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.
What is MWA’s price target for the next 12 months?
Analysts predict a range of price targets between $15.00 and $20.00, with a median target of $17.00. Taking a look at these predictions, the average price target given by analysts for Mueller Water Products Inc. (MWA) stock is $17.11.