Mueller Water Products Inc. (NYSE:MWA)’s share price traded down 1.6% during mid-day trading 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 analysts have recently issued reports on the stock. Seaport Global Securities upgraded shares of Mueller Water Products from a “speculative buy” rating to a “buy” rating in a report on Thursday, April 28th. Royal Bank Of Canada increased their price target on shares of Mueller Water Products from $11.00 to $12.00 and gave the company an “outperform” rating in a report on Thursday, April 28th. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of Mueller Water Products in a report on Thursday, April 28th. Wedbush raised their target price on shares of Mueller Water Products from $12.00 to $12.50 and gave the company an “outperform” rating in a report on Thursday, April 28th. Finally, Zacks Investment Research upgraded shares of Mueller Water Products from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a report on Tuesday, April 19th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $11.50.

The stock has a market cap of $1.86 billion and a P/E ratio of 31.50. The stock has a 50 day moving average of $11.29 and a 200-day moving average of $9.81.

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

Several institutional investors have recently made changes to their positions in MWA. Rhumbline Advisers increased its position 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. California State Teachers Retirement System increased 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 valued at $2,564,000 after buying an additional 4,756 shares during the period. Whitebox Advisors LLC purchased a new position in shares of Mueller Water Products during the fourth quarter valued at about $2,835,000. Mutual of America Capital Management LLC increased 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 valued at $3,623,000 after buying an additional 2,526 shares during the period. Finally, Schroder Investment Management Group increased 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 valued at $4,679,000 after buying an additional 32,294 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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