Mueller Water Products Receives a Buy from RBC Capital

By Carrie Williams

In a report released yesterday, Deane Dray from RBC Capital reiterated a Buy rating on Mueller Water Products (NYSE: MWA), with a price target of $15. The company’s shares opened today at $12.20.

According to, Dray is a 4-star analyst with an average return of 3.2% and a 61.3% success rate. Dray covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Emerson Electric Company, and United Technologies Corp.

Mueller Water Products has an analyst consensus of Moderate Buy, with a price target consensus of $15.

Based on Mueller Water Products’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $167 million and quarterly net profit of $6.7 million. In comparison, last year the company earned revenue of $243 million and had a net profit of $6.2 million.

Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is negative on the stock. Last month, Gregory Hyland, the COB, Pres & CEO of MWA sold 1,000,000 shares for a total of $12,490,000.

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Mueller Water Products, Inc. manufactures and markets water infrastructure, flow control and piping component system products for use in water distribution networks and water treatment facilities. It operates though the Mueller Co., Anvil and Mueller Technologies segments. The Mueller Co. segment manufactures valves for water and gas systems, including butterfly, iron gate, tapping, check, plug and ball valves, as well as dry-barrel and wet-barrel fire hydrants, metering systems, and leak detection and pipe condition assessment products and services for the water infrastructure industry. The Anvil segment manufactures and sources a broad range of products including a variety of fittings, couplings, hangers and related products. The Mueller Technologies segment offers residential and commercial water metering products and systems and water leak detection and pipe condition assessment products and services. The company was founded on September 22, 2005 and is headquartered in Atlanta, GA.