Mueller Water Products Inc (NYSE:MWA) saw a downside of -0.40% to close Friday at $12.47 after subtracting -$0.05 on the day. The 5-day average trading volume is 635,020 shares of the company’s common stock. It has gained $13.18 in the past week and touched a new high 1 time within the past 5 days. An average of 786,290 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,046,934.
MWA’s 1-month performance is -9.31% or -$1.14 on its low of $12.45 reached on 09/22/23. The company’s shares have touched a 52-week low of $9.90 and high of $16.62, with the stock’s rally to the 52-week high happening on 07/18/23. YTD, MWA has achieved 15.89% or $1.71 and has reached a new high 23 times. However, the current price is down -24.97% from the 52-week high price.
Insider Transactions
MWA stock investors last saw insider trading activity on Sep 12.TOKARZ MICHAEL T (Director) most recently sold 13,269 shares at $13.08 per share on Sep 12. This transaction cost the insider $173,531. SVP Water Management Solutions, Takeuchi Kenji, sold 1,855 shares at a price of $14.16 on Aug 31. Then, on Dec 06, Director TOKARZ MICHAEL T sold 4,189 shares at a price of $11.34 per share. This transaction amounted to $47,519.
Valuation Metrics
MWA stock has a beta of 1.35. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.49 while the price-to-book (PB) in the most recent quarter is 2.73, with the price to cash flow ratio at 57.56.
Mueller Water Products Inc’s quick ratio for the period ended June 29 was 1.89, with the current ratio over the same period at 3.46. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.66, while the total debt to equity was 0.66. In terms of profitability, the gross margin trailing 12 months is 28.85%. The trailing 12-month EBITDA margin is 14.92% while for the period ending June 29, Mueller Water Products Inc’s operating margin was 9.60%. The firm’s gross profit as reported stood at $364.3 million against revenue of $1.25 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -8.16% to $24.5 million, while revenue of $21.3 million was 13.06% off the previous quarter. Analysts expected MWA to announce $0.2 per share in earnings in its latest quarter, but it posted $0.18, representing a -10.00% surprise. EBITDA for the quarter stood at more than $51.4 million. MWA stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 779.1 million, with total debt at $473.8 million. Shareholders hold equity totaling $156.49 million.
Let’s look briefly at Mueller Water Products Inc (MWA) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 20.66% to suggest the stock is trending oversold, with historical volatility in this time period at 13.78%.
The stock’s 5-day moving average is $12.73, reflecting a -3.63% or -$0.47 change from its current price. MWA is currently trading -7.70% above its 20-day SMA, -9.31% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -23.64% and SMA200 by+7.59%.
Stochastic %K and %D was 1.51% and 5.30% and the average true range (ATR) pointed at 0.28. The RSI (14) points at 25.66%, while the 14-day stochastic is at 1.18% with the period’s ATR at 0.30. The stock’s 9-day MACD Oscillator is pointing at -0.23 and -0.47 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Mueller Water Products Inc (NYSE: MWA), Northcoast downgraded it to a Neutral rating. They previously had a Buy rating on the stock. Analysts offering their rating for MWA stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate MWA as a “sell,”, while 6 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.
What is MWA’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $14.00 and a high of $19.00, with their median price target at $14.00. Looking at these predictions, the average price target given by analysts is for Mueller Water Products Inc (MWA) stock is $15.25.
