Mueller Water Products, Inc. (NYSE:MWA) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $12.30 and last traded at $12.29, with a volume of 18523 shares. The stock had previously closed at $12.12.

Several analysts have recently commented on the stock. ValuEngine lowered shares of Mueller Water Products from a “hold” rating to a “sell” rating in a research report on Monday, December 16th. Zacks Investment Research lowered Mueller Water Products from a “hold” rating to a “sell” rating in a research report on Friday, November 8th. Oppenheimer set a $13.00 price target on Mueller Water Products and gave the company a “buy” rating in a research note on Thursday, September 26th. Finally, Royal Bank of Canada cut Mueller Water Products from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from $13.00 to $12.00 in a report on Tuesday, January 14th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $11.60.

The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.10 and a current ratio of 3.18. The stock has a market cap of $1.91 billion, a PE ratio of 30.54, a PEG ratio of 1.58 and a beta of 1.02. The stock’s 50-day moving average is $11.87 and its two-hundred day moving average is $10.97.

Mueller Water Products (NYSE:MWA) last released its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). Mueller Water Products had a return on equity of 17.39% and a net margin of 6.59%. The firm had revenue of $266.90 million for the quarter, compared to analyst estimates of $279.05 million. During the same quarter last year, the company earned $0.17 earnings per share. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. Analysts forecast that Mueller Water Products, Inc. will post 0.64 EPS for the current year.

In related news, CFO Marietta Edmunds Zakas sold 34,965 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $10.93, for a total transaction of $382,167.45. Following the sale, the chief financial officer now directly owns 278,864 shares of the company’s stock, valued at approximately $3,047,983.52. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Lydia W. Thomas sold 15,094 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $11.97, for a total transaction of $180,675.18. Following the sale, the director now owns 102,020 shares in the company, valued at $1,221,179.40. The disclosure for this sale can be found here. Insiders sold a total of 64,787 shares of company stock worth $726,560 in the last quarter. Company insiders own 1.60% of the company’s stock.

Several large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of Mueller Water Products by 0.7% in the second quarter. Vanguard Group Inc. now owns 14,252,157 shares of the industrial products company’s stock valued at $139,957,000 after acquiring an additional 105,246 shares in the last quarter. State Street Corp increased its holdings in Mueller Water Products by 1.9% during the 3rd quarter. State Street Corp now owns 3,406,464 shares of the industrial products company’s stock worth $38,289,000 after purchasing an additional 64,664 shares during the period. Amundi Pioneer Asset Management Inc. increased its holdings in Mueller Water Products by 52.0% during the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 3,307,166 shares of the industrial products company’s stock worth $199,604,000 after purchasing an additional 1,131,787 shares during the period. Millennium Management LLC increased its holdings in Mueller Water Products by 33,427.4% during the 3rd quarter. Millennium Management LLC now owns 2,997,016 shares of the industrial products company’s stock worth $33,686,000 after purchasing an additional 2,988,077 shares during the period. Finally, Invesco Ltd. raised its position in Mueller Water Products by 5.2% in the 2nd quarter. Invesco Ltd. now owns 2,227,820 shares of the industrial products company’s stock valued at $21,877,000 after purchasing an additional 110,391 shares in the last quarter. Institutional investors and hedge funds own 86.20% of the company’s stock.

About Mueller Water Products (NYSE:MWA)

Mueller Water Products, Inc manufactures and markets products and services for use in the transmission, distribution, and measurement of water in the United States, Canada, and internationally. It operates in two segments, Infrastructure and Technologies. The Infrastructure segment offers valves for water and gas systems, including butterfly, iron gate, tapping, check, knife, plug, automatic control, and ball valves; dry-barrel and wet-barrel fire hydrants; pipe repair products, such as clamps and couplings used to repair leaks under the Mueller and Jones brand names; and machines and tools for tapping, drilling, extracting, installing, and stopping-off.

Further Reading: Asset Allocation, Balancing Your Investments

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