We recently compiled a list of the 10 Firms Buck Market Bloodbath on Monday. In this article, we are going to take a look at where Mueller Water Products, Inc. (NYSE:MWA) stands against the other stocks.

The stock market suffered a bloodbath anew on Monday, with the Nasdaq plunging to its worst level in three years over concerns about the health of the US economy after the Trump administration acknowledged the possibility of a potential rough patch.

The tech-heavy Nasdaq fell the heaviest, down 4 percent, followed by the S&P 500, which declined by 2.7 percent. The Dow Jones, for its part, dropped by 2.08 percent.

Meanwhile, 10 companies managed to book modest gains, bucking the broader market caution. We have identified the names that led the charge and detailed the reasons behind their performance.

To come up with the list, we considered only the stocks with $2 billion in market capitalization and $5 million in trading volume.

A plumber crouched in a crawlspace, working on a pipe repair project for residential construction.

Mueller Water Products, Inc. (NYSE:MWA)

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

Overall MWA ranks 3rd on our list of Monday's top gainers. While we acknowledge the potential of MWA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MWA but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

 

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Disclosure: None. This article is originally published at Insider Monkey.