Oppenheimer Reaffirms Their Buy Rating on Mueller Water Products (MWA)


Oppenheimer analyst Bryan Blair maintained a Buy rating on Mueller Water Products (MWA) yesterday. The company’s shares closed yesterday at $9.91.

According to TipRanks.com, Blair is a 1-star analyst with an average return of -2.1% and a 51.7% success rate. Blair covers the Industrial Goods sector, focusing on stocks such as Carlisle Companies Incorporated, Watts Water Technologies, and Rexnord Corporation.

Mueller Water Products has an analyst consensus of Moderate Buy.

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Based on Mueller Water Products’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $25 million. In comparison, last year the company had a net profit of $55.1 million.

Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is negative on the stock. Most recently, in December 2018, Michael Tokarz, a Director at MWA sold 9,546 shares for a total of $98,037.

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.

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