On Thursday, Mueller Water Products got an upgrade for its IBD SmartSelect Composite Rating from 93 to 97.
The new rating is a sign the stock is outpacing 97% of all stocks when it comes to the most important stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.
Mueller Water Products is trading within the buy zone from a 26.28 entry from a cup without handle.
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The stock sports a 93 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth tops 93% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q1, the company reported 92% EPS growth. Sales growth increased 19%, up from 16% in the prior report. The company has now posted increasing growth in each of the last four quarters.
Mueller Water Products holds the No. 1 rank among its peers in the Building-Construction Products/Miscellaneous industry group. Armstrong Wrld Ind and AZEK are also among the group's highest-rated stocks.
