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

Several research firms have weighed in on MWA. Oppenheimer Holdings Inc. reissued a “buy” rating and issued a $13.00 price objective (up previously from $12.00) on shares of Mueller Water Products in a research report on Thursday, June 2nd. Sterne Agee CRT reissued a “neutral” rating on shares of Mueller Water Products in a research report on Monday, May 16th. Zacks Investment Research lowered Mueller Water Products from a “buy” rating to a “hold” rating in a research note on Saturday, May 7th. Seaport Global Securities upgraded Mueller Water Products from a “speculative buy” rating to a “buy” rating in a research note on Thursday, April 28th. Finally, Wedbush boosted their target price on Mueller Water Products from $12.00 to $12.50 and gave the company 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 issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $11.50.

The stock’s 50 day moving average price is $11.21 and its 200-day moving average price is $9.71. The company has a market cap of $1.93 billion and a P/E ratio of 32.60.

Mueller Water Products (NYSE:MWA) last issued its earnings results on Tuesday, April 26th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.01. During the same period last year, the firm posted $0.08 earnings per share. The firm earned $283.60 million during the quarter, compared to the consensus estimate of $291.90 million. The company’s revenue for the quarter was down 2.3% compared to the same quarter last year. Equities research analysts anticipate that Mueller Water Products Inc. will post $0.48 earnings per share for the current year.

Other large investors have recently modified their holdings of the company. California State Teachers Retirement System boosted its stake 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 valued at $2,564,000 after buying an additional 4,756 shares during the period. Rhumbline Advisers boosted its stake in shares of Mueller Water Products by 7.0% in the fourth quarter. Rhumbline Advisers now owns 153,726 shares of the company’s stock valued at $1,322,000 after buying an additional 10,095 shares during the period. New York State Common Retirement Fund boosted its stake in shares of Mueller Water Products by 0.3% in the fourth quarter. New York State Common Retirement Fund now owns 1,704,181 shares of the company’s stock valued at $14,656,000 after buying an additional 5,700 shares during the period. Gamco Investors INC. ET AL boosted its stake 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 valued at $8,805,000 after buying an additional 82,400 shares during the period. Finally, State of Wisconsin Investment Board boosted its stake 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 valued at $8,128,000 after buying an additional 245,078 shares during the period.

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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