Mueller Water Products saw its IBD SmartSelect Composite Rating rise to 96 Monday, up from 93 the day before.
The new rating is a sign the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria. The market's biggest winners often have a 95 or higher score in the early stages of a new price run, so that's a good item to have on your checklist when looking for the best stocks to buy and watch.
Mueller Water Products has now climbed above a proper buy zone after clearing the 23.12 entry in an ascending base.
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The stock earns a 90 EPS Rating, meaning its recent quarterly and annual earnings growth is outpacing 90% of all stocks.
Its Accumulation/Distribution Rating of A- shows heavy buying by institutional investors over the last 13 weeks.
In Q4, the company reported 16% EPS growth. Sales growth increased 16%, up from 9% in the prior quarter. That marks three consecutive reports with rising growth.
Mueller Water Products holds the No. 1 rank among its peers in the Building-Construction Products/Miscellaneous industry group. Armstrong Wrld Ind and Interface are also among the group's highest-rated stocks.
