Published: Sat, May 20, 2017
Business | By Max Garcia

Mueller Water Products, Inc. (MWA) Downgraded by Zacks Investment Research to "Hold"

Zacks Investment Research downgraded shares of Mueller Water Products, Inc.

NiSource Inc. (NYSE:NI) closed at $24.50 a share in the latest session and the stock value rose nearly 12.35% since the beginning of this year.

Zurcher Kantonalbank Zurich Cantonalbank decreased Mueller Wtr Prods Inc (MWA) stake by 7.6% reported in 2016Q4 SEC filing. Finally, Nomura initiated coverage on Mueller Water Products in a research report on Wednesday, April 12th. They issued a "buy" rating and a $15.00 price target on the stock. Royal Bank of Canada restated a buy rating and set a $15.00 price objective on shares of Mueller Water Products in a research report on Tuesday, March 14th.

03/08/2017 - Goldman Sachs began new coverage on MUELLER WATER PRODUCTS giving the company a "buy" rating. (MWA)'s shares projecting a $14 target price. CIBC reaffirmed an outperform rating and issued a $15.00 target price on shares of Mueller Water Products in a research report on Friday, March 24th. It seems that the stock might see muted action given an ABR of 2.1 or Hold rating.

02/27/2015 - MUELLER WATER PRODUCTS had its "buy" rating reiterated by analysts at BB&T Capital Markets.

Mueller Water Products (NYSE:MWA) opened at 11.11 on Friday. About 697,829 shares traded. For Mueller Water Products, Inc. "The second line, the "%D" line is simple a 3-day moving average of the "%K" line. Since the beta is greater than 1, it can be interpreted that the stock is theoretically more volatile than the market - something traders will surely be keeping an eye on.

Mueller Water Products (NYSE:MWA) last announced its earnings results on Thursday, April 27th. The analysts estimated EPS for the higher end at 0.11 and lower end at 0.07 while the year ago reported earnings per share was 0.

10 number of analysts have estimated the sales of the company for the quarter ending Aug 1, 2017- Aug 7, 2017, analysts estimated mean sale target of 235.25 million while high and low sale targets are estimated at 241.9 million and 231 million respectively.

In Industrial Equipment & Components Industry, Mueller Water Products, Inc. During the same quarter in the prior year, the firm earned $0.10 EPS. During the same period a year ago, the business posted $0.10 earnings per share. Equities research analysts predict that Mueller Water Products will post $0.45 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 22nd. Shareholders of record on Wednesday, May 10th will be given a dividend of $0.04 per share.

Synchronoss Technologies, Inc. (SNCR)'s latest quote $13.4 0.12 1.09 will find technical support in $13.14/share and a breakdown below this region would be a significantly bearish signal for Synchronoss Technologies, Inc. traders. The ex-dividend date of this dividend is Monday, May 8th. Currently, Mueller Water Products, profit margin for the 12 months is at 5.32%.

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Mueller Water Products, Inc. The fund owned 268,638 shares of the industrial products company's stock after buying an additional 6,927 shares during the period. Teachers Advisors LLC increased its position in shares of Mueller Water Products, Inc. Before we dive into the analysis, we will look at the stock returns for each company over the last three months, six months and the past year. Bluestein R H & Co. purchased a new position in Mueller Water Products during the first quarter worth $118,000. O Shaughnessy Asset Management LLC boosted its position in shares of Mueller Water Products by 0.5% in the first quarter. Greenwood Capital Associates LLC now owns 16,318 shares of the industrial products company's stock valued at $217,000 after buying an additional 497 shares during the period. Russell Investments Group Ltd. bought a new position in Mueller Water Products during the fourth quarter worth $672,000. BlackRock Institutional Trust Company N.A. now owns 3,931,819 shares of the industrial products company's stock worth $49,344,000 after buying an additional 154,687 shares in the last quarter.

Mueller Water Products, Inc is a manufacturer and marketer of products and services used in the transmission, distribution and measurement of water in North America. The Firm operates through three divisions: Mueller Co., Anvil and Mueller Technologies. The Mueller Co. segment manufactures valves for water and gas systems, and dry-barrel and wet-barrel fire hydrants.

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