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Mueller Water Products

Mueller Water Products Inc is a U.S.-based company that manufactures and sells products and services used in the transmission, distribution, and measurement of water. The company operates in two segments Water Flow Solutions and Water Management Solutions. Water Flow Solutions' portfolio includes iron gate valves, specialty valves and service brass products. Water Management Solutions' portfolio includes fire hydrants, repair and installation, natural gas, metering, leak detection, and pressure management and control products and solutions. The company derives a majority of its revenue from the United states.

Mueller Water Products Inc

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Mueller Water Products (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MWA#NYSE">MWA</a>) is gearing up to announce its quarterly earnings on Wednesday, 2024-11-06. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Mueller Water Products will report an earnings per share (EPS) of $0.21.
The market awaits Mueller Water Products's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
<h3>Overview of Past Earnings</h3>
Last quarter the company beat EPS by $0.10, which was followed by a 5.96% increase in the share price the next day.
Here's a look at Mueller Water Products's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.22</td>
<td>0.14</td>
<td>0.08</td>
<td>0.14</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.32</td>
<td>0.30</td>
<td>0.13</td>
<td>0.19</td>
</tr>
<tr>
<td>Price Change %</td>
<td>6.0%</td>
<td>9.0%</td>
<td>10.0%</td>
<td>5.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730822527_0.png" alt="eps graph" />
<h3>Mueller Water Products Share Price Analysis</h3>
Shares of Mueller Water Products were trading at $22.05 as of November 04. Over the last 52-week period, shares are up 78.92%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Analyst Insights on Mueller Water Products</h3>
For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Mueller Water Products.
Analysts have provided Mueller Water Products with 3 ratings, resulting in a consensus rating of Neutral. The average one-year price target stands at $22.33, suggesting a potential 1.27% upside.
<h3>Comparing Ratings with Competitors</h3>
The following analysis focuses on the analyst ratings and average 1-year price targets of ESCO Technologies, Symbotic and Kadant, three prominent industry players, providing insights into their relative performance expectations and market positioning.
<ul>
<li>Analysts currently favor an Buy trajectory for ESCO Technologies, with an average 1-year price target of $147.5, suggesting a potential 568.93% upside.</li>
<li>Symbotic is maintaining an Sell status according to analysts, with an average 1-year price target of $26.67, indicating a potential 20.95% upside.</li>
<li>The consensus outlook from analysts is an Outperform trajectory for Kadant, with an average 1-year price target of $360.0, indicating a potential 1532.65% upside.</li>
</ul>
<h3>Comprehensive Peer Analysis Summary</h3>
The peer analysis summary offers a detailed examination of key metrics for ESCO Technologies, Symbotic and Kadant, providing valuable insights into their respective standings within the industry and their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Mueller Water Products</td>
<td>Neutral</td>
<td>9.22%</td>
<td>$131.40M</td>
<td>6.12%</td>
</tr>
<tr>
<td>ESCO Technologies</td>
<td>Buy</td>
<td>4.84%</td>
<td>$103.35M</td>
<td>2.48%</td>
</tr>
<tr>
<td>Symbotic</td>
<td>Sell</td>
<td>57.73%</td>
<td>$67.41M</td>
<td>-0.60%</td>
</tr>
<tr>
<td>Kadant</td>
<td>Outperform</td>
<td>-1.15%</td>
<td>$121.89M</td>
<td>3.78%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Mueller Water Products ranks in the middle for consensus rating among its peers. It ranks at the bottom for revenue growth. In terms of gross profit, it is at the top among its peers. For return on equity, Mueller Water Products is also at the top compared to its peers.
<h3>Unveiling the Story Behind Mueller Water Products</h3>
Mueller Water Products Inc is a U.S.-based company that manufactures and sells products and services used in the transmission, distribution, and measurement of water. The company operates in two segments Water Flow Solutions and Water Management Solutions. Water Flow Solutions' portfolio includes iron gate valves, specialty valves and service brass products. Water Management Solutions' portfolio includes fire hydrants, repair and installation, natural gas, metering, leak detection, and pressure management and control products and solutions. The company derives a majority of its revenue from the United states.
<h3>Mueller Water Products: Delving into Financials</h3>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Positive Revenue Trend: Examining Mueller Water Products's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 9.22% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Industrials sector.
Net Margin: Mueller Water Products's net margin is impressive, surpassing industry averages. With a net margin of 13.26%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Mueller Water Products's ROE stands out, surpassing industry averages. With an impressive ROE of 6.12%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Mueller Water Products's ROA stands out, surpassing industry averages. With an impressive ROA of 3.04%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Mueller Water Products's debt-to-equity ratio stands notably higher than the industry average, reaching 0.6. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<a href="https://www.benzinga.com/quote/MWA/earnings">To track all earnings releases for Mueller Water Products visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

Uncovering Potential: Mueller Water Products's Earnings Preview

Board of Directors has declared an increase to the Company&#39;s quarterly dividend by approximately&nbsp;4.7%&nbsp;to&nbsp;$0.067&nbsp;per share from&nbsp;$0.064, payable on or about November 20, 2024, to stockholders of record as of the close of business on November 8, 2024.

News

Dividends

Reported Earlier, Mueller Water Products Increased Its Quarterly Dividend By 4.7% To $0.067/Share From $0.064, Payable November 20

The Company also announced today it has initiated a comprehensive process with a leading executive search firm to identify a new Chief Financial Officer.
Heinrichs will continue to serve as Chief Financial Officer and Chief Legal and Compliance Officer until a new CFO has been named and will remain available to the Company on a consulting basis until September 30, 2025

Management

Mueller Water Products Says Steven Heinrichs Will Be Transitioning From His Position As CFO And Chief Legal And Compliance Officer Effective December 31, 2024

Mueller Water Products's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MWA#NYSE">MWA</a>) short percent of float has fallen 15.64% since its last report. The company recently reported that it has 2.32 million shares sold short, which is 1.51% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.68 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Mueller Water Products Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725369321_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Mueller Water Products has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Mueller Water Products's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Mueller Water Products's peer group average for short interest as a percentage of float is 5.95%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

Looking Into Mueller Water Products's Recent Short Interest

A substantial insider activity was disclosed on August 19, as HANSEN, Director at Mueller Water Products (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MWA#NYSE">MWA</a>), reported the exercise of a large sell of company stock options.
What Happened: HANSEN, Director at Mueller Water Products, made a strategic move by exercising stock options for 10,791 shares of MWA as detailed in a Form 4 filing on Monday with the <a href="https://www.sec.gov/Archives/edgar/data/0001350593/000122520824008083//Archives/edgar/data/1350593/000122520824008083/0001225208-24-008083-index.htm">U.S. Securities and Exchange Commission</a>. The transaction value amounted to $114,600.
The Tuesday morning update indicates Mueller Water Products shares down by 0.0%, currently priced at $20.59. At this value, HANSEN's 10,791 shares are worth $114,600.
<h3>Unveiling the Story Behind Mueller Water Products</h3>
Mueller Water Products, Inc. is a U.S.-based company that manufactures and sells products and services used in the transmission, distribution, and measurement of water. The company operates in two segments Water Flow Solutions and Water Management Solutions. Water Flow Solutions' portfolio includes iron gate valves, specialty valves and service brass products. Water Management Solutions' portfolio includes fire hydrants, repair and installation, natural gas, metering, leak detection, and pressure management and control products and solutions. The company derives a majority of its revenue from the United states.
<h3>Financial Milestones: Mueller Water Products's Journey</h3>
Revenue Growth: Mueller Water Products displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 9.22%. This indicates a notable increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Industrials sector.
Interpreting Earnings Metrics:
<ul>
<li>
Gross Margin: The company issues a cost efficiency warning with a low gross margin of 36.84%, indicating potential difficulties in maintaining profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Mueller Water Products's EPS lags behind the industry average, indicating concerns and potential challenges with a current EPS of 0.3.
</li>
</ul>
Debt Management: With a high debt-to-equity ratio of 0.6, Mueller Water Products faces challenges in effectively managing its debt levels, indicating potential financial strain.
In-Depth Valuation Examination:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current P/E ratio of 26.06 is below industry norms, indicating potential undervaluation and presenting an investment opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 2.54 is above industry norms, reflecting an elevated valuation for Mueller Water Products's stock and potential overvaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Mueller Water Products's EV/EBITDA ratio stands at 14.08, surpassing industry benchmarks. This places the company in a position with a higher-than-average market valuation.
</li>
</ul>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
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<h3>The Relevance of Insider Transactions</h3>
Insider transactions serve as a piece of the puzzle in investment decisions, rather than the entire picture.
When discussing legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated in Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are required to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
A new purchase by a company insider is a indication that they anticipate the stock will rise.
On the other hand, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>A Closer Look at Important Transaction Codes</h3>
Surveying the realm of stock transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often give prominence to those unfolding in the open market, systematically detailed in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C denotes the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001350593">Check Out The Full List Of Mueller Water Products's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Witnessing An Insider Decision, THOMAS HANSEN Exercises Options Valued At $114K At Mueller Water Products

Throughout the last three months, 4 analysts have evaluated Mueller Water Products (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MWA#NYSE">MWA</a>), offering a diverse set of opinions from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Mueller Water Products, presenting an average target of $22.25, a high estimate of $24.00, and a low estimate of $20.00. Surpassing the previous average price target of $20.50, the current average has increased by 8.54%.
<img src="https://www.benzinga.com/files/images/story/2024/1723204818_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
A comprehensive examination of how financial experts perceive Mueller Water Products is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Joseph Giordano</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Hold</td>
<td>$20.00</td>
<td>$19.00</td>
</tr>
<tr>
<td>Deane Dray</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$23.00</td>
<td>$20.00</td>
</tr>
<tr>
<td>Bryan Blair</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$24.00</td>
<td>$22.00</td>
</tr>
<tr>
<td>Bryan Blair</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$22.00</td>
<td>$21.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Mueller Water Products. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Mueller Water Products compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Mueller Water Products's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Capture valuable insights into Mueller Water Products's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/MWA/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Mueller Water Products analyst ratings.</a>
<h2>Discovering Mueller Water Products: A Closer Look</h2>
Mueller Water Products, Inc. is a U.S.-based company that manufactures and sells products and services used in the transmission, distribution, and measurement of water. The company operates in two segments Water Flow Solutions and Water Management Solutions. Water Flow Solutions' portfolio includes iron gate valves, specialty valves and service brass products. Water Management Solutions' portfolio includes fire hydrants, repair and installation, natural gas, metering, leak detection, and pressure management and control products and solutions. The company derives a majority of its revenue from the United states.
<h3>Financial Milestones: Mueller Water Products's Journey</h3>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Positive Revenue Trend: Examining Mueller Water Products's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 9.22% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Industrials sector.
Net Margin: Mueller Water Products's net margin excels beyond industry benchmarks, reaching 13.26%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Mueller Water Products's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 6.12% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Mueller Water Products's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 3.04% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Mueller Water Products's debt-to-equity ratio stands notably higher than the industry average, reaching 0.6. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Forecasting The Future: 4 Analyst Projections For Mueller Water Products

TD Cowen analyst Joseph Giordano downgrades Mueller Water Products (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MWA#NYSE">MWA</a>) from Buy to Hold and raises the price target from $19 to $20.

Downgrades

Price Target

TD Cowen Downgrades Mueller Water Products to Hold, Raises Price Target to $20

RBC Capital analyst Deane Dray maintains Mueller Water Products (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MWA#NYSE">MWA</a>) with a Sector Perform and raises the price target from $20 to $23.

RBC Capital Maintains Sector Perform on Mueller Water Products, Raises Price Target to $23

Oppenheimer analyst Bryan Blair maintains Mueller Water Products (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MWA#NYSE">MWA</a>) with a Outperform and raises the price target from $22 to $24.

Oppenheimer Maintains Outperform on Mueller Water Products, Raises Price Target to $24

WIIM

Mueller Water Products shares are trading higher after the company reported better-than-expected Q3 financial results and increased its FY24 guidance.

MUELLER WATER PRODUCTS shares are trading higher after the company reported better-than-expected Q3 financial results and issued FY24 guidance.

Guidance

Mueller Water Products Increases Fiscal 2024 Sales Expectations To $1.285B-$1.295B, Up 0.7%-1.5% From FY 2023; Adjusted EBITDA Expected To Rise 34.1%-36.1% To $271M-$275M; Free Cash Flow As Percentage Of Adjusted Net Income Expected To Exceed 85%

Mueller Water Products (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MWA#NYSE">MWA</a>) reported quarterly earnings of $0.32 per share which beat the analyst consensus estimate of $0.22 by 45.45 percent. The company reported quarterly sales of $356.70 million which beat the analyst consensus estimate of $329.60 million by 8.22 percent. This is a 9.22 percent increase over sales of $326.60 million the same period last year.

Earnings Beats

Mueller Water Products Q3 2024 Adj EPS $0.32 Beats $0.22 Estimate, Sales $356.70M Beat $329.60M Estimate

Mueller Water Products's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MWA#NYSE">MWA</a>) short percent of float has risen 6.15% since its last report. The company recently reported that it has 2.91 million shares sold short, which is 1.9% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.31 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Mueller Water Products Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721754017_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Mueller Water Products has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Mueller Water Products's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Mueller Water Products's peer group average for short interest as a percentage of float is 4.87%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

(MWA) - Analyzing Mueller Water Products's Short Interest

In the latest quarter, 4 analysts provided ratings for Mueller Water Products (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MWA#NYSE">MWA</a>), showcasing a mix of bullish and bearish perspectives.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $21.25, along with a high estimate of $24.00 and a low estimate of $19.00. This current average has increased by 13.82% from the previous average price target of $18.67. 
<img src="https://www.benzinga.com/files/images/story/2024/1719932538_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Mueller Water Products. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Bryan Blair</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$22.00</td>
<td>$21.00</td>
</tr>
<tr>
<td>Deane Dray</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$20.00</td>
<td>$17.00</td>
</tr>
<tr>
<td>Michael Halloran</td>
<td>Baird</td>
<td>Raises</td>
<td>Neutral</td>
<td>$24.00</td>
<td>$18.00</td>
</tr>
<tr>
<td>Bryan Blair</td>
<td>Oppenheimer</td>
<td>Announces</td>
<td>Outperform</td>
<td>$19.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Mueller Water Products. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Mueller Water Products compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Mueller Water Products's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Mueller Water Products's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/MWA/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Mueller Water Products analyst ratings.</a>
<h2>Get to Know Mueller Water Products Better</h2>
Mueller Water Products, Inc. is a U.S.-based company that manufactures and sells products and services used in the transmission, distribution, and measurement of water. The company operates in two segments Water Flow Solutions and Water Management Solutions. Water Flow Solutions' portfolio includes iron gate valves, specialty valves and service brass products. Water Management Solutions' portfolio includes fire hydrants, repair and installation, natural gas, metering, leak detection, and pressure management and control products and solutions. The company derives a majority of its revenue from the United states.
<h3>Mueller Water Products: Financial Performance Dissected</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Positive Revenue Trend: Examining Mueller Water Products's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 6.16% as of 31 March, 2024, showcasing a substantial increase in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Net Margin: Mueller Water Products's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 12.54%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Mueller Water Products's ROE stands out, surpassing industry averages. With an impressive ROE of 5.96%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Mueller Water Products's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 2.89%, the company showcases efficient use of assets and strong financial health.
Debt Management: Mueller Water Products's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.63.
<h2>Analyst Ratings: Simplified</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Critical Insights From Mueller Water Products Analyst Ratings: What You Need To Know

Oppenheimer analyst Bryan Blair maintains Mueller Water Products (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MWA#NYSE">MWA</a>) with a Outperform and raises the price target from $21 to $22.

Oppenheimer Maintains Outperform on Mueller Water Products, Raises Price Target to $22

Cintas Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ctas#NASDAQ">CTAS</a>) is well poised for growth, courtesy of strength across its business, strategic acquisitions and focus on improving the product line and operational excellence.
The company remains committed to investing in growth opportunities and solidifying its long-term market position.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/8b/69466.jpg?v=932206669" /> 
Image Source: Zacks Investment Research
It has a market capitalization of $72.1 billion. Over the past year, it has soared 46.5% compared with the industry&#39;s growth of 42.8%. CTAS currently carries a Zacks Rank #2 (Buy). 
Let&#39;s delve into the factors that have been aiding the firm for a while now. 
Business Strength: CTAS has been benefiting from strength in its Uniform Rental and Facility Services segment, driven by penetration of additional products and services into existing customers. The segment&#39;s revenues rose 9.4% year over year in the fiscal third quarter (ended February 2024). 
Strong demand for its products and services, pricing actions and solid customer retention have been boosting the First Aid and Safety Services segment&#39;s performance. Revenues from the segment climbed 13.4% year over year in the fiscal third quarter. 
Given the strength across its businesses, management expects revenues in the range of $9.57-$9.60 billion in fiscal 2024, indicating growth of 8.7% at the mid-point from the year-ago levels. 
Acquisition Benefits: Cintas remains focused on acquiring businesses to gain access to new customers and product lines. The company acquired Paris Uniform Services, a family-owned supplier of uniform and facility service solutions, in March 2024. The buyout is expected to enhance its presence in Pennsylvania, New York, Maryland and West Virginia. Also, the buyout of SITEX in February 2024 is likely to strengthen its market position in the central Midwest region. In the fiscal third quarter, acquisitions boosted revenue growth by 0.5%. 
Business Initiatives: The company&#39;s focus on enhancement of its product portfolio, along with investments in technology and existing facilities, should continue to drive its performance. Also, Cintas&#39; focus on operational executions and pricing actions is helping it to maintain a healthy margin. For instance, in the fiscal third quarter, its gross margin increased 220 basis points year over year to 49.4%. 
Shareholder-Friendly Policies: Cintas remains committed to rewarding its shareholders through dividend payouts and share buybacks. In the first nine months of fiscal 2024, it paid dividends of $393.3 million and repurchased shares worth $468.1 million. Also, the company hiked its quarterly dividend by 17.4% to $1.35 per share in July 2023.
<h3>3 Other Promising Stocks</h3>
We have highlighted three other top-ranked stocks from the Zacks Industrial Products sector, namely AZZ Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/azz#NYSE">AZZ</a>), Valmont Industries (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vmi#NYSE">VMI</a>) and Mueller Water Products (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mwa#NYSE">MWA</a>). While VMI sports a Zacks #1 Rank (Strong Buy), AZZ and MWA carry a Zacks Rank of 2 each. 
AZZ delivered a trailing four-quarter average earnings surprise of 36%. In the past 60 days, the Zacks Consensus Estimate for AZZ&#39;s 2024 earnings has increased 5.3%. 
Valmont Industries has a trailing four-quarter average earnings surprise of 13%. The consensus estimate for VMI&#39;s 2024 earnings has risen 7% in the past 60 days. 
Mueller Water Products delivered a trailing four-quarter average earnings surprise of 51.8%. In the past 60 days, the consensus estimate for MWA&#39;s 2024 earnings has improved by 14.5%.
<a href="https://www.zacks.com/stock/news/2292704/here-s-why-you-should-add-cintas-ctas-stock-to-your-portfolio?cid=CS-BENZ-FT-analyst_blog|rank_focused-2292704">To read this article on Zacks.com click here.</a>

Markets

CTAS

Here's Why You Should Add Cintas Stock to Your Portfolio

MRC Global Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mrc#NYSE">MRC</a>) recently announced that its subsidiary, MRC Global (US) Inc., has secured a contract from ExxonMobil Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xom#NYSE">XOM</a>). Per the deal, MRC Global to serve as the primary supplier of pipe, valves and fitting (PVF) products and services to ExxonMobil in North America. 
MRC Global&#39;s shares declined 2.1% yesterday, ending the trading session at $12.46. 
Based in Spring, TX, ExxonMobil is a leading explorer and producer of crude oil and natural gas in the United States and globally. The company operates its businesses under the four segments, which are Upstream, Energy Products, Chemical Products and Specialty Products.
<h3>Inside the Headlines</h3>
Per the deal, MRC will provide PVF products and related services across all of XOM&#39;s upstream and downstream facilities in North America. As noted, this will support ExxonMobil&#39;s global projects and maintenance, repair and operations. 
The deal will also enable XOM to streamline and boost its PVF supply chain in North America and leverage its scale across its booming business in the region.
<h3>Zacks Rank &amp; Price Performance</h3>
MRC Global, with a $1.1 billion market capitalization, currently carries a Zacks Rank #3 (Hold). The company is likely to benefit from strength in the DIET (Downstream, Industrial and Energy Transition) sector, driven by an increase in energy transition activities in the United States. Also, an increase in refining, chemical and mining customer projects bode well.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/d6/68875.jpg?v=297257681" /> 
Image Source: Zacks Investment Research
The company&#39;s shares have gained 2.4% against the industry&#39;s 9.6% decline in the past three months. 
The Zacks Consensus Estimate for MRC&#39;s 2024 earnings per share is pegged at 95 cents, down 5% over the past 60 days. It has a trailing four-quarter average earnings surprise of 40.1%.
<h3>Key Picks</h3>
A couple of better-ranked companies from the same space are discussed below. 
Valmont Industries (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vmi#NYSE">VMI</a>) presently sports a Zacks Rank of 1 (Strong Buy). 
It has a trailing four-quarter average earnings surprise of 13%. The consensus estimate for VMI&#39;s 2024 earnings has improved 6.9% in the past 60 days. 
Mueller Water Products (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mwa#NYSE">MWA</a>) presently carries a Zacks Rank of 2 (Buy). MWA delivered a trailing four-quarter earnings surprise of 51.8%, on average. 
The Zacks Consensus Estimate for MWA&#39;s fiscal 2024 (ending September 2024) earnings has risen 14.5% in the past 60 days.
<a href="https://www.zacks.com/stock/news/2288518/mrc-global-mrc-gets-pvf-deal-from-exxonmobil-in-north-america?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2288518">To read this article on Zacks.com click here.</a>

Small Cap

MRC Global Gets PVF Deal From ExxonMobil in North America

Brian Healy, Board Member at Mueller Water Products (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MWA#NYSE">MWA</a>), reported an insider buy on May 16, according to a new SEC filing. 
What Happened: In a significant move reported in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001350593/000122520824006124//Archives/edgar/data/1350593/000122520824006124/0001225208-24-006124-index.htm">U.S. Securities and Exchange Commission</a> on Thursday, Healy purchased 2,650 shares of Mueller Water Products, demonstrating confidence in the company's growth potential. The total value of the transaction stands at $50,817.
The latest update on Friday morning shows Mueller Water Products shares down by 0.0%, trading at $19.17.
<h3>Unveiling the Story Behind Mueller Water Products</h3>
Mueller Water Products, Inc. is a U.S.-based company that manufactures and sells products and services used in the transmission, distribution, and measurement of water. The company operates in two segments Water Flow Solutions and Water Management Solutions. Water Flow Solutions' portfolio includes iron gate valves, specialty valves and service brass products. Water Management Solutions' portfolio includes fire hydrants, repair and installation, natural gas, metering, leak detection, and pressure management and control products and solutions. The company derives a majority of its revenue from the United states.
<h3>Breaking Down Mueller Water Products's Financial Performance</h3>
Revenue Growth: Mueller Water Products's revenue growth over a period of 3 months has been noteworthy. As of 31 March, 2024, the company achieved a revenue growth rate of approximately 6.16%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Analyzing Profitability Metrics:
<ul>
<li>
Gross Margin: The company excels with a remarkable gross margin of 36.9%, indicating superior cost efficiency and profitability compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): With an EPS below industry norms, Mueller Water Products exhibits below-average bottom-line performance with a current EPS of 0.28.
</li>
</ul>
Debt Management: Mueller Water Products's debt-to-equity ratio is below the industry average. With a ratio of 0.63, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: The Price to Earnings ratio of 29.95 is lower than the industry average, indicating potential undervaluation for the stock.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 2.41 is above industry norms, reflecting an elevated valuation for Mueller Water Products's stock and potential overvaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Boasting an EV/EBITDA ratio of 15.53, Mueller Water Products demonstrates a robust market valuation, outperforming industry benchmarks.
</li>
</ul>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
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<h3>Uncovering the Importance of Insider Activity</h3>
Investors should view insider transactions as part of a multifaceted analysis and not rely solely on them for decision-making.
In the context of legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as outlined by Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are obligated to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Despite insider sells not always signaling a bearish sentiment, they can be driven by various factors.
<h3>A Closer Look at Important Transaction Codes</h3>
Navigating through the landscape of transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often prioritize those unfolding in the open market, precisely detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001350593">Check Out The Full List Of Mueller Water Products's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Positive Signal: Brian Healy Shows Faith, Buying $50K In Mueller Water Products Stock

RBC Capital analyst Deane Dray maintains Mueller Water Products (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MWA#NYSE">MWA</a>) with a Sector Perform and raises the price target from $17 to $20.

RBC Capital Maintains Sector Perform on Mueller Water Products, Raises Price Target to $20

Update on Oppenheimer's buy vs. sell SMID ideas from each of the sectors

Mueller Water Products CFO to step down

The latest announcement is out from Mueller Water Products ( ($MWA) ). Mueller Water Products, Inc. has announced a transition in its executive tea...

Mueller Water Products Announces Executive Transition and Search

Robert W. Baird analyst Michael Halloran maintained a Hold rating on Mueller Water Products (MWA – Research Report) on September 5 and set a price ...

Hold Rating Maintained for Mueller Water Products Amidst CFO Departure and Anticipated Growth Stability

Mueller Water: Valve Wide Open For Growth As Flow Solutions Power 80% Rally

Analyst Bryan Blair of Oppenheimer reiterated a Buy rating on Mueller Water Products (MWA – Research Report), boosting the price target to $26.00. ...

Strong Future Performance Predicted for Mueller Water Products Amidst Market Opportunities and Operational Advancements

The dividend is payable on or about November 20, 2024, to stockholders of record as of the close of business on November 8, 2024. Published first o...

Mueller Water raises quarterly dividend by 4.7% to 6.7c per share

Mueller Water Products declares $0.067 dividend

StandardAero said to be pitched as long idea at Robin Hood conference

Dividend Champion, Contender, And Challenger Highlights: Week Of November 3

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Press Releases

Mueller Water Products Reports 2024 Second Quarter Results

Mueller Water Products to Participate in Upcoming Investor Conferences

Mueller Water Products Announces Dates for Third Quarter 2024 Earnings Release and Conference Call

Mueller Water Products Announces Quarterly Dividend

Mueller Water Products Reports 2024 Third Quarter Results

Mueller Water Products to Participate in the Raymond James Industrial and Energy Showcase

Mueller Water Products Announces CFO Succession Plan

Mueller Water Products Releases Fourth ESG Report

Mueller Water Products Increases Quarterly Dividend

Mueller Water Products Announces Dates for Fourth Quarter and Full Year 2024 Earnings Release and Conference Call

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