Shares of Mueller Water Products Inc. (NYSE:MWA) hit a new 52-week high during trading on Wednesday . The company traded as high as $12.38 and last traded at $12.28, with a volume of 407,798 shares traded. The stock had previously closed at $12.24.

A number of analysts have recently commented on MWA shares. Zacks Investment Research raised shares of Mueller Water Products from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research report on Tuesday, April 19th. Northcoast Research began coverage on shares of Mueller Water Products in a research report on Tuesday, April 19th. They set a “neutral” rating on the stock. Oppenheimer Holdings Inc. reaffirmed a “buy” rating and set a $13.00 price target (up from $12.00) on shares of Mueller Water Products in a research report on Thursday, June 2nd. Sterne Agee CRT reaffirmed a “neutral” rating on shares of Mueller Water Products in a research report on Monday, May 16th. Finally, Wedbush upped 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 report on Thursday, April 28th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $12.25.

The company has a market cap of $2.01 billion and a PE ratio of 33.554. The company’s 50-day moving average is $11.57 and its 200-day moving average is $10.22.

Mueller Water Products (NYSE:MWA) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.01. The business earned $310 million during the quarter, compared to analyst estimates of $301 million. During the same period in the previous year, the business posted $0.15 EPS. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. Analysts predict that Mueller Water Products Inc. will post $0.49 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 19th. Investors of record on Monday, August 8th will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Thursday, August 4th.

A number of hedge funds have bought and sold shares of MWA. KBC Group NV increased its stake in Mueller Water Products by 29.7% in the fourth quarter. KBC Group NV now owns 321,809 shares of the company’s stock valued at $2,768,000 after buying an additional 73,644 shares during the last quarter. Schroder Investment Management Group increased its stake in 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 last quarter. Wells Fargo & Company MN increased its stake in Mueller Water Products by 35.4% in the fourth quarter. Wells Fargo & Company MN now owns 1,076,505 shares of the company’s stock valued at $9,258,000 after buying an additional 281,635 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in 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 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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