Mueller Water Products Inc. (NYSE:MWA) was down 1.6% on Monday . The company traded as low as $11.48 and last traded at $11.48, with a volume of 349,546 shares trading hands. The stock had previously closed at $11.67.

A number of equities research analysts recently weighed in on MWA shares. Boenning Scattergood cut shares of Mueller Water Products from an “outperform” rating to a “neutral” rating in a research report on Wednesday, July 13th. Zacks Investment Research cut shares of Mueller Water Products from a “buy” rating to a “hold” rating in a research report on Saturday, May 7th. Northcoast Research started coverage on shares of Mueller Water Products in a research report on Tuesday, April 19th. They issued a “neutral” rating for the company. Sterne Agee CRT reissued a “neutral” rating on shares of Mueller Water Products in a research report on Monday, May 16th. Finally, Oppenheimer Holdings Inc. reissued a “buy” rating and issued a $13.00 price target (up from $12.00) on shares of Mueller Water Products in a research report on Thursday, June 2nd. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $11.50.

The firm has a market capitalization of $1.86 billion and a price-to-earnings ratio of 31.53. The company’s 50 day moving average price is $11.28 and its 200 day moving average price is $9.80.

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

Several hedge funds have recently modified their holdings of MWA. Schroder Investment Management Group boosted its stake 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 period. 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 period. 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 period. 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 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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