Mueller Water Products (NYSE:MWA) Issues Earnings Results

Mueller Water Products (NYSE:MWA) issued its quarterly earnings data on Thursday. The industrial products company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.04, FiscalAI reports. Mueller Water Products had a net margin of 10.67% and a return on equity of 20.89%. The firm had revenue of $380.80 million for the quarter, compared to analysts’ expectations of $362.32 million. During the same period in the prior year, the firm earned $0.22 earnings per share. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. Mueller Water Products updated its FY 2026 guidance to EPS.

Mueller Water Products Trading Down 3.9%

MWA traded down $0.98 during mid-day trading on Friday, reaching $24.05. The stock had a trading volume of 2,655,205 shares, compared to its average volume of 1,633,286. The firm’s fifty day simple moving average is $25.55 and its two-hundred day simple moving average is $25.26. The stock has a market capitalization of $3.76 billion, a P/E ratio of 25.58, a P/E/G ratio of 1.21 and a beta of 1.18. Mueller Water Products has a 52 week low of $21.35 and a 52 week high of $28.58. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.56 and a current ratio of 3.86.

Mueller Water Products Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Monday, November 10th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $0.28 annualized dividend and a yield of 1.2%. This is a positive change from Mueller Water Products’s previous quarterly dividend of $0.07. Mueller Water Products’s dividend payout ratio (DPR) is currently 23.14%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on MWA shares. Wall Street Zen raised Mueller Water Products from a “hold” rating to a “buy” rating in a report on Saturday, July 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Mueller Water Products in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $29.00.

Insider Activity

In related news, CAO Suzanne G. Smith sold 8,621 shares of the firm’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $26.37, for a total value of $227,335.77. Following the transaction, the chief accounting officer owned 761 shares in the company, valued at $20,067.57. This trade represents a 91.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas J. Hansen sold 24,005 shares of Mueller Water Products stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $26.15, for a total value of $627,730.75. Following the completion of the sale, the director owned 86,163 shares of the company’s stock, valued at approximately $2,253,162.45. The trade was a 21.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 34,664 shares of company stock valued at $909,819 over the last 90 days. 1.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Mueller Water Products

A number of institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada lifted its holdings in Mueller Water Products by 25.3% in the first quarter. Royal Bank of Canada now owns 153,043 shares of the industrial products company’s stock valued at $3,890,000 after buying an additional 30,862 shares during the period. AQR Capital Management LLC raised its position in shares of Mueller Water Products by 87.2% during the 1st quarter. AQR Capital Management LLC now owns 122,472 shares of the industrial products company’s stock valued at $3,113,000 after acquiring an additional 57,053 shares during the last quarter. Great Lakes Advisors LLC bought a new stake in shares of Mueller Water Products during the 1st quarter valued at $205,000. United Services Automobile Association acquired a new position in shares of Mueller Water Products in the 1st quarter valued at $212,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Mueller Water Products by 10.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 572,686 shares of the industrial products company’s stock worth $14,558,000 after purchasing an additional 56,404 shares during the last quarter. 91.68% of the stock is owned by institutional investors.

Mueller Water Products Company Profile

Mueller Water Products, Inc manufactures and markets products and services for the transmission, distribution, and measurement of water used by municipalities, and the residential and non-residential construction industries in the United States, Israel, and internationally. It operates in two segments, Water Flow Solutions and Water Management Solutions.