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Mueller Water Products (MWA) Gets a Hold Rating from Oppenheimer

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In a report released today, Bryan Blair from Oppenheimer maintained a Hold rating on Mueller Water Products (MWAResearch Report). The company’s shares closed last Friday at $12.85, close to its 52-week low of $12.10.

According to TipRanks.com, Blair is a 5-star analyst with an average return of 20.3% and a 57.5% success rate. Blair covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Altra Industrial Motion, and Zurn Water Solutions.

Currently, the analyst consensus on Mueller Water Products is a Hold with an average price target of $16.67.

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Based on Mueller Water Products’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $296 million and net profit of $18.4 million. In comparison, last year the company earned revenue of $265 million and had a net profit of $26.7 million.

Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MWA in relation to earlier this year. Most recently, in December 2021, Michael Tokarz, a Director at MWA bought 6,965 shares for a total of $19,432.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Mueller Water Products, Inc. engages in the manufacture and sale of products used in the transmission, distribution and measurement of water. It operates though the following segments: Infrastructure, and Technologies. The Infrastructure segment involves in the manufacture of valves for water and gas systems including butterfly, iron gate, tapping, check, knife, plug and ball valves, and dry-barrel and wet-barrel fire hydrants. The Technologies segment offers metering, leak detection, pipe condition assessment, and other products and services for the water infrastructure industry. The company was founded in 1857 and is headquartered in Atlanta, GA.

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