Noteworthy Price Action: Mueller Water Products, Inc. Increases Again; Strong Momentum for Buyers

Noteworthy Price Action: Mueller Water Products, Inc. Increases Again; Strong Momentum for Buyers

The stock of Mueller Water Products, Inc. (NYSE:MWA) is a huge mover today! About 1.90 million shares traded hands or 72.73% up from the average. Mueller Water Products, Inc. (NYSE:MWA) has risen 24.69% since April 8, 2016 and is uptrending. It has outperformed by 19.04% the S&P500.
The move comes after 9 months positive chart setup for the $2.29 billion company. It was reported on Nov, 10 by Barchart.com. We have $15.95 PT which if reached, will make NYSE:MWA worth $503.80 million more.

Mueller Water Products, Inc. (NYSE:MWA) Ratings Coverage

Out of 4 analysts covering Mueller Water Products (NYSE:MWA), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. Mueller Water Products has been the topic of 7 analyst reports since January 12, 2016 according to StockzIntelligence Inc. The company was maintained on Friday, August 5 by DA Davidson. RBC Capital Markets maintained Mueller Water Products, Inc. (NYSE:MWA) rating on Thursday, April 28. RBC Capital Markets has “Outperform” rating and $12 price target. The firm earned “Buy” rating on Wednesday, October 12 by Northcoast. The company was maintained on Thursday, April 28 by Wedbush.

According to Zacks Investment Research, “Mueller Water Products, Inc. manufactures and markets products and services that are used in the transmission and distribution of safe, clean drinking water and in water treatment facilities. Their broad product portfolio includes engineered valves, fire hydrants, pipe fittings, water meters and ductile iron pipe, which are used by municipalities, as well as the residential and non-residential construction industries.”

Insitutional Activity: The institutional sentiment decreased to 1.08 in 2016 Q2. Its down 0.10, from 1.18 in 2016Q1. The ratio is negative, as 10 funds sold all Mueller Water Products, Inc. shares owned while 75 reduced positions. 38 funds bought stakes while 54 increased positions. They now own 135.44 million shares or 0.90% less from 136.66 million shares in 2016Q1.
State Board Of Administration Of Florida Retirement has invested 0% of its portfolio in Mueller Water Products, Inc. (NYSE:MWA). Moreover, Pitcairn Commerce has 0.02% invested in Mueller Water Products, Inc. (NYSE:MWA) for 13,799 shares. Moreover, Amer Int Inc has 0% invested in Mueller Water Products, Inc. (NYSE:MWA) for 89,756 shares. Pnc Financial Gp reported 37,902 shares or 0% of all its holdings. Qci Asset Inc Ny has invested 0.01% of its portfolio in Mueller Water Products, Inc. (NYSE:MWA). Ameriprise Fincl last reported 493,523 shares in the company. Blackrock Inc holds 73,598 shares or 0% of its portfolio. Old National Bank & Trust In holds 33,665 shares or 0.02% of its portfolio. Nuveen Asset Ltd Com has invested 0% of its portfolio in Mueller Water Products, Inc. (NYSE:MWA). State Street has 2.83M shares for 0% of their US portfolio. The Ontario – Canada-based Hillsdale Inv Management has invested 0.12% in Mueller Water Products, Inc. (NYSE:MWA). Gamco Invsts Et Al reported 1.26 million shares or 0.1% of all its holdings. Moreover, Greenwood Capital Assocs Limited Liability Corp has 0.06% invested in Mueller Water Products, Inc. (NYSE:MWA) for 15,821 shares. The Ohio-based Victory Capital Mngmt Inc has invested 0% in Mueller Water Products, Inc. (NYSE:MWA). National Planning Corp accumulated 19,802 shares or 0.02% of the stock.

More important recent Mueller Water Products, Inc. (NYSE:MWA) news were published by: Nasdaq.com which released: “Ex-Dividend Reminder: Terex, Matson and Mueller Water Products” on November 04, 2016, also Forbes.com published article titled: “Ex-Dividend Reminder: Norfolk Southern, Mueller Water Products and Standex …”, Globenewswire.com published: “Mueller Water Products Announces Quarterly Dividend” on October 31, 2016. More interesting news about Mueller Water Products, Inc. (NYSE:MWA) was released by: Globenewswire.com and their article: “Mueller Water Products Reports 2016 Fourth Quarter and Fiscal Year Results” with publication date: November 02, 2016.

MWA Company Profile

Mueller Water Products, Inc., incorporated on September 22, 2005, is a maker and marketer of services and products used in the transmission, distribution and measurement of water in North America. The Firm operates through three divisions: Mueller Co., Anvil and Mueller Technologies. The Mueller Co. segment makes valves for water and gas systems, and dry-barrel and wet-barrel fire hydrants. The Anvil segment makes and sources a range of products, including a range of fittings, couplings, hangers and related products. The Mueller Technologies segment offers metering, leak detection, pipe condition assessment and other services and products for the water infrastructure industry. The Mueller Technologies segment includes Mueller Systems and Echologics. It offers a range of water infrastructure, flow control and piping component system services and products in the United States and Canada. The Company’s services and products are used by municipalities, and the residential and non-residential construction industries. The Company’s subsidiaries include Mueller Co., Anvil and Mueller Technologies.

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