Mueller Water Products Inc. (NYSE:MWA) shares hit a new 52-week high during trading on Monday . The stock traded as high as $11.94 and last traded at $11.83, with a volume of 541,391 shares. The stock had previously closed at $11.57.

MWA has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Mueller Water Products from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research note on Tuesday, April 19th. Northcoast Research initiated coverage on shares of Mueller Water Products in a research note on Tuesday, April 19th. They set a “neutral” rating on the stock. Oppenheimer Holdings Inc. restated a “buy” rating and set a $13.00 price target (up previously from $12.00) on shares of Mueller Water Products in a research note on Thursday, June 2nd. Sterne Agee CRT restated a “neutral” rating on shares of Mueller Water Products in a research note on Monday, May 16th. Finally, Wedbush increased their price target on shares of Mueller Water Products from $12.00 to $12.50 and gave the stock an “outperform” rating in a research note on Thursday, April 28th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $11.50.

The company has a market capitalization of $1.91 billion and a PE ratio of 32.30. The firm’s 50 day moving average price is $11.13 and its 200 day moving average price is $9.66.

Mueller Water Products (NYSE:MWA) last announced its quarterly earnings results on Tuesday, April 26th. The company reported $0.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.01. The company earned $283.60 million during the quarter, compared to the consensus estimate of $291.90 million. During the same period in the previous year, the firm posted $0.08 EPS. The business’s quarterly revenue was down 2.3% compared to the same quarter last year. On average, analysts predict that Mueller Water Products Inc. will post $0.48 earnings per share for the current year.

A number of hedge funds and institutional investors recently made changes to their positions in MWA. Schroder Investment Management Group raised its position in shares of Mueller Water Products by 6.3% in the fourth quarter. Schroder Investment Management Group now owns 544,026 shares of the company’s stock worth $4,679,000 after buying an additional 32,294 shares during the last quarter. Gamco Investors INC. ET AL raised its position in shares of Mueller Water Products by 8.8% in the fourth quarter. Gamco Investors INC. ET AL now owns 1,023,805 shares of the company’s stock worth $8,805,000 after buying an additional 82,400 shares during the last quarter. State of Wisconsin Investment Board raised its position in shares of Mueller Water Products by 35.0% in the fourth quarter. State of Wisconsin Investment Board now owns 945,078 shares of the company’s stock worth $8,128,000 after buying an additional 245,078 shares during the last quarter. Mutual of America Capital Management LLC raised its position in shares of Mueller Water Products by 0.6% in the fourth quarter. Mutual of America Capital Management LLC now owns 421,246 shares of the company’s stock worth $3,623,000 after buying an additional 2,526 shares during the last quarter. Finally, California State Teachers Retirement System raised its position in shares of Mueller Water Products by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 298,179 shares of the company’s stock worth $2,564,000 after buying an additional 4,756 shares during the last quarter.

Mueller Water Products, Inc, is a manufacturer and marketer of products and services used in the transmission, distribution and measurement of water. The Company’s product portfolio includes engineered valves, fire hydrants, metering products and systems, leak detection and pipe condition assessment, which are used by municipalities, and residential and non-residential construction industries.

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