Mueller Water Products Inc (NYSE:MWA) shares traded 3.30% higher at $27.82 on Wall Street last session.
MWA stock price is now 17.31% away from the 50-day moving average and 32.54% away from the 200-day moving average. The market capitalization of the company currently stands at $4.35B.
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With the price target enhanced from $19 to $20, TD Cowen Downgraded its rating from Buy to Hold for Mueller Water Products Inc (NYSE: MWA). On April 18, 2024, Oppenheimer Upgraded its previous ‘Perform’ rating to ‘Outperform’ on the stock keeping its target price maintained at $19, while ‘Northcoast’ rates the stock as ‘Neutral’
In other news, Healy Brian C., Director bought 1,115 shares of the company’s stock on Jan 06 ’25. The stock was bought for $24,890 at an average price of $22.32. Upon completion of the transaction, the Director now directly owns 6,140 shares in the company, valued at $0.17 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 09 ’24, VP and CAO Smith Suzanne G sold 26,138 shares of the business’s stock. A total of $653,306 was realized by selling the stock at an average price of $24.99. This leaves the insider owning 9,378 shares of the company worth $0.26 million. A total of 2.51% of the company’s stock is owned by insiders.
During the past 12 months, Mueller Water Products Inc has had a low of $13.49 and a high of $27.35. As of last week, the company has a debt-to-equity ratio of 0.57, a current ratio of 3.83, and a quick ratio of 2.38. According to the stock market information, the enterprise value for the company is $3745323008, which is based on a 31.90 price-to-earnings ratio, a 2.16 price-to-earnings-growth ratio, and a beta of 1.40. The fifty day moving average price for MWA is $23.6576 and a two-hundred day moving average price translates $20.93005 for the stock.
The latest earnings results from Mueller Water Products Inc (NYSE: MWA) was released for 2024-09-30. The net profit margin was 10.05% and return on equity was 17.49% for MWA. The company reported revenue of $348.2 million for the quarter, compared to $301.4 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.53 percent.
