RBC Capital Sticks to Its Hold Rating for Mueller Water Products (MWA)

RBC Capital analyst Deane Dray maintained a Hold rating on Mueller Water Products (MWA – Research Report) yesterday and set a price target of $20.00. The company’s shares closed yesterday at $18.01.

Dray covers the Industrials sector, focusing on stocks such as 3M, Eaton, and Atkore International Group. According to TipRanks, Dray has an average return of 15.1% and a 63.73% success rate on recommended stocks.

In addition to RBC Capital, Mueller Water Products also received a Hold from Goldman Sachs’s Brian K. Lee in a report issued yesterday. However, on the same day, Oppenheimer maintained a Buy rating on Mueller Water Products (NYSE: MWA).

The company has a one-year high of $18.99 and a one-year low of $11.94. Currently, Mueller Water Products has an average volume of 1.34M.

Based on the recent corporate insider activity of 70 insiders, corporate insider sentiment is neutral on the stock. Most recently, in February 2024, Paul McAndrew, the EVP & COO of MWA sold 23,000.00 shares for a total of $345,460.00.

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Mueller Water Products (MWA) Company Description:

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.