Today’s Stock On Watch: Is Buying 52-Week Stock Like Mueller Water Products, Inc. a Winning Strategy?

Today's Stock On Watch: Is Buying 52 Week Stock Like Mueller Water Products, Inc. a Winning Strategy?

The stock of Mueller Water Products, Inc. (NYSE:MWA) hit a new 52-week high and has $14.00 target or 5.00% above today’s $13.33 share price. The 6 months bullish chart indicates low risk for the $2.18B company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $14.00 price target is reached, the company will be worth $109.00 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 103,800 shares traded hands. Mueller Water Products, Inc. (NYSE:MWA) has risen 29.40% since April 20, 2016 and is uptrending. It has outperformed by 24.84% the S&P500.

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. As per Friday, August 5, the company rating was maintained by DA Davidson. The firm earned “Buy” rating on Wednesday, October 12 by Northcoast. 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 “Outperform” rating 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 increased to 1.34 in Q2 2016. Its up 0.26, from 1.08 in 2016Q1. The ratio is positive, 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.
Fifth Third Bankshares owns 49,200 shares or 0% of their US portfolio. Vanguard Incorporated has invested 0.01% of its portfolio in Mueller Water Products, Inc. (NYSE:MWA). State Street has 2.83M shares for 0% of their US portfolio. Goldman Sachs Gp, a New York-based fund reported 1.03 million shares. Legal General Gp Public Limited holds 36,545 shares or 0% of its portfolio. Invesco holds 1.60 million shares or 0.01% of its portfolio. Blackrock Advsrs Lc has 0% invested in the company for 106,866 shares. Blb&B Advsr Ltd Com holds 0.7% or 326,164 shares in its portfolio. Financial Architects has 200 shares for 0% of their US portfolio. Rhumbline Advisers accumulated 157,315 shares or 0.01% of the stock. Wealthcare Mgmt Limited Com has 450 shares for 0% of their US portfolio. Moreover, Driehaus Mngmt Limited Liability Corporation has 0.04% invested in Mueller Water Products, Inc. (NYSE:MWA) for 90,000 shares. Art Advsr Ltd Limited Liability Company last reported 0.01% of its portfolio in the stock. Millennium Mngmt Limited Liability Corp last reported 0.01% of its portfolio in the stock. Etrade Capital Management Llc holds 0.04% of its portfolio in Mueller Water Products, Inc. (NYSE:MWA) for 72,882 shares.

More notable recent Mueller Water Products, Inc. (NYSE:MWA) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Norfolk Southern, Mueller Water Products and Standex …” on August 02, 2016, also Nasdaq.com with their article: “Ex-Dividend Reminder: Terex, Matson and Mueller Water Products” published on November 04, 2016, Seekingalpha.com published: “Mueller Water Products: An Overlooked, Undervalued Industry Leader” on June 14, 2016. More interesting news about Mueller Water Products, Inc. (NYSE:MWA) were released by: Prnewswire.com and their article: “How These Industrials Stocks are Faring? — Pentair, Mueller Water Products …” published on August 19, 2016 as well as Globenewswire.com‘s news article titled: “Mueller Water Products Names New President of Anvil” with publication date: May 19, 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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