Mueller Water Products (NYSE:MWA) Issues Quarterly Earnings Results

Mueller Water Products (NYSE:MWA) issued its quarterly earnings results on Wednesday. The industrial products company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.02, FiscalAI reports. Mueller Water Products had a return on equity of 22.89% and a net margin of 13.83%.The firm had revenue of $318.20 million during the quarter, compared to the consensus estimate of $315.26 million. During the same period last year, the company earned $0.25 earnings per share. The company’s revenue was up 4.6% on a year-over-year basis.

Mueller Water Products Stock Performance

Shares of NYSE MWA opened at $27.93 on Friday. The company has a market cap of $4.37 billion, a PE ratio of 22.17, a PEG ratio of 1.30 and a beta of 1.17. The company has a quick ratio of 2.41, a current ratio of 3.54 and a debt-to-equity ratio of 0.46. The firm’s 50-day moving average price is $25.37 and its 200-day moving average price is $25.33. Mueller Water Products has a 52-week low of $22.01 and a 52-week high of $28.66.

Mueller Water Products Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 20th. Shareholders of record on Tuesday, February 10th will be given a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, February 10th. This represents a $0.28 dividend on an annualized basis and a yield of 1.0%. Mueller Water Products’s payout ratio is 23.14%.

Insider Buying and Selling

In other news, SVP Todd P. Helms sold 15,094 shares of the business’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $24.62, for a total value of $371,614.28. Following the transaction, the senior vice president directly owned 85,917 shares in the company, valued at $2,115,276.54. The trade was a 14.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Brian C. Healy acquired 1,125 shares of the company’s stock in a transaction on Wednesday, January 7th. The shares were bought at an average cost of $24.41 per share, with a total value of $27,461.25. Following the acquisition, the director directly owned 17,925 shares in the company, valued at approximately $437,549.25. The trade was a 6.70% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 1.10% of the company’s stock.

Institutional Trading of Mueller Water Products

Several hedge funds and other institutional investors have recently bought and sold shares of MWA. National Bank of Canada FI grew its holdings in Mueller Water Products by 21.7% during the 3rd quarter. National Bank of Canada FI now owns 4,617 shares of the industrial products company’s stock valued at $118,000 after purchasing an additional 823 shares during the last quarter. Natixis Advisors LLC increased its stake in Mueller Water Products by 7.3% in the third quarter. Natixis Advisors LLC now owns 12,262 shares of the industrial products company’s stock worth $313,000 after purchasing an additional 834 shares during the period. Russell Investments Group Ltd. grew its holdings in shares of Mueller Water Products by 4.3% in the third quarter. Russell Investments Group Ltd. now owns 21,930 shares of the industrial products company’s stock worth $560,000 after purchasing an additional 899 shares during the last quarter. Vident Advisory LLC grew its holdings in shares of Mueller Water Products by 9.8% in the second quarter. Vident Advisory LLC now owns 17,038 shares of the industrial products company’s stock worth $410,000 after purchasing an additional 1,525 shares during the last quarter. Finally, Quarry LP increased its stake in Mueller Water Products by 398.0% in the 3rd quarter. Quarry LP now owns 2,196 shares of the industrial products company’s stock worth $56,000 after buying an additional 1,755 shares during the period. Hedge funds and other institutional investors own 91.68% of the company’s stock.

About Mueller Water Products

Mueller Water Products, Inc is a leading provider of water infrastructure and flow control products and services designed to help water utilities and municipalities manage, control and measure their water distribution systems. The company’s portfolio includes a comprehensive range of products such as fire hydrants, valves, pipe repair systems, fittings and couplings, along with advanced metering and monitoring solutions. By combining traditional mechanical components with digital technologies, Mueller Water Products addresses the critical need for reliable and sustainable water distribution across North America.

The company’s operations are organized around two primary business segments.