10 Firms Buck Market Bloodbath on Monday

3. Mueller Water Products, Inc. (NYSE:MWA)

Mueller Water saw its share prices increase by 7.39 percent on Monday to end at $26.90 apiece, driven by an optimistic outlook and higher price targets from analysts.

At present, MWA holds buy and hold ratings from several analysts, with a high consensus target of $33 and a median of $29, which represent a 22.7-percent and a 7.8-percent upside, respectively, from its current price.

The bullish outlook followed MWA’s impressive earnings performance during the first quarter of the fiscal year 2025.

In a statement on Wednesday, MWA said net income during the quarter jumped by 146.9 percent to $35.3 million from the $14.3 million registered in the same period a year earlier.

Net sales improved by 18.7 percent to $304.3 million from $256.4 million year-on-year, primarily due to increased volumes at Water Flow Solutions and Water Management Solutions and higher pricing across most product lines.

For the fiscal year 2025, Mueller said it was increasing its guidance on net sales to between $1.37 billion and $1.39 billion, or a projected increase of between 4.2 percent and 5.7 percent compared with the year prior.