Mueller Water Products Inc. (NYSE:MWA) was upgraded by investment analysts at Northcoast Research from a “neutral” rating to a “buy” rating in a report released on Wednesday.

Several other equities analysts have also weighed in on MWA. Boenning Scattergood lowered Mueller Water Products from an “outperform” rating to a “neutral” rating in a research note on Wednesday, July 13th. Zacks Investment Research lowered Mueller Water Products from a “hold” rating to a “sell” rating in a research note on Wednesday, August 3rd. Finally, DA Davidson boosted their price target on Mueller Water Products from $11.00 to $12.00 and gave the stock a “neutral” rating in a research report on Friday, August 5th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $12.25.

Analyst Recommendations for Mueller Water Products (NYSE:MWA)

Shares of Mueller Water Products (NYSE:MWA) traded down 1.04% during trading on Wednesday, reaching $12.36. 1,189,368 shares of the company’s stock traded hands. Mueller Water Products has a 1-year low of $7.52 and a 1-year high of $13.50. The company has a 50 day moving average price of $12.21 and a 200 day moving average price of $11.34. The stock has a market capitalization of $2.00 billion, a PE ratio of 33.41 and a beta of 1.33.

Mueller Water Products (NYSE:MWA) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.01. The business had revenue of $310 million for the quarter, compared to analyst estimates of $301 million. Mueller Water Products had a return on equity of 20.05% and a net margin of 5.20%. The company’s revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.15 EPS. On average, equities analysts forecast that Mueller Water Products will post $0.49 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in the stock. Commonwealth Equity Services Inc acquired a new position in shares of Mueller Water Products during the second quarter worth about $141,000. AHL Partners LLP acquired a new position in shares of Mueller Water Products during the second quarter worth about $142,000. Boothbay Fund Management LLC acquired a new position in shares of Mueller Water Products during the first quarter worth about $143,000. Wedbush Securities Inc. raised its position in shares of Mueller Water Products by 17.9% in the second quarter. Wedbush Securities Inc. now owns 12,654 shares of the company’s stock worth $145,000 after buying an additional 1,921 shares during the last quarter. Finally, Paloma Partners Management Co acquired a new position in shares of Mueller Water Products during the second quarter worth about $154,000. 85.07% of the stock is currently owned by institutional investors.

About Mueller Water Products

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.

5 Day Chart for NYSE:MWA

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