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

Mueller Water Products (NYSE:MWAGet Free Report) announced its quarterly earnings results on Wednesday. The industrial products company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.39 by $0.11, FiscalAI reports. The company had revenue of $395.90 million for the quarter, compared to analyst estimates of $391.49 million. Mueller Water Products had a net margin of 14.17% and a return on equity of 22.11%. Mueller Water Products’s revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.34 earnings per share.

Mueller Water Products Price Performance

NYSE MWA opened at $26.32 on Thursday. The stock has a market capitalization of $4.12 billion, a P/E ratio of 20.09, a P/E/G ratio of 1.21 and a beta of 1.03. Mueller Water Products has a 1 year low of $22.74 and a 1 year high of $31.00. The business’s fifty day moving average is $25.47 and its two-hundred day moving average is $27.02. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.92 and a current ratio of 4.57.

Mueller Water Products Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Monday, August 10th will be given a $0.07 dividend. The ex-dividend date is Monday, August 10th. This represents a $0.28 annualized dividend and a yield of 1.1%. Mueller Water Products’s payout ratio is 21.37%.

Insider Activity at Mueller Water Products

In related news, Director Brian C. Healy acquired 1,183 shares of Mueller Water Products stock in a transaction dated Tuesday, July 7th. The stock was acquired at an average cost of $25.33 per share, with a total value of $29,965.39. Following the purchase, the director directly owned 24,946 shares in the company, valued at $631,882.18. The trade was a 4.98% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Mueller Water Products

A number of institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp boosted its position in shares of Mueller Water Products by 4.2% in the 4th quarter. State Street Corp now owns 6,165,849 shares of the industrial products company’s stock valued at $146,871,000 after purchasing an additional 250,461 shares during the period. First Trust Advisors LP raised its holdings in Mueller Water Products by 8.4% during the 4th quarter. First Trust Advisors LP now owns 4,506,486 shares of the industrial products company’s stock worth $107,344,000 after buying an additional 350,837 shares during the period. Dimensional Fund Advisors LP raised its holdings in Mueller Water Products by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,613,397 shares of the industrial products company’s stock worth $86,075,000 after buying an additional 22,056 shares during the period. Franklin Resources Inc. lifted its stake in Mueller Water Products by 6.0% during the fourth quarter. Franklin Resources Inc. now owns 3,241,253 shares of the industrial products company’s stock valued at $77,207,000 after buying an additional 182,905 shares in the last quarter. Finally, Amundi lifted its stake in Mueller Water Products by 3.7% during the fourth quarter. Amundi now owns 2,351,773 shares of the industrial products company’s stock valued at $56,040,000 after buying an additional 84,433 shares in the last quarter. 91.68% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Barclays began coverage on Mueller Water Products in a report on Tuesday, June 30th. They issued an “underweight” rating and a $25.00 price objective for the company. The Goldman Sachs Group reiterated a “neutral” rating and set a $29.00 price target on shares of Mueller Water Products in a research report on Wednesday, May 6th. Royal Bank Of Canada increased their price target on Mueller Water Products from $30.00 to $31.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 7th. Weiss Ratings lowered Mueller Water Products from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, July 24th. Finally, Wall Street Zen cut shares of Mueller Water Products from a “buy” rating to a “hold” rating in a research note on Sunday. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Mueller Water Products presently has a consensus rating of “Hold” and an average price target of $30.00.

Read Our Latest Analysis on Mueller Water Products

Mueller Water Products Company Profile

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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.

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Earnings History for Mueller Water Products (NYSE:MWA)

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