Mueller Water Products (NYSE:MWA) Releases Quarterly Earnings Results, Beats Estimates By $0.11 EPS

Mueller Water Products (NYSE:MWA) announced its earnings results on Wednesday. The industrial products company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.39 by $0.11, FiscalAI reports. The business had revenue of $395.90 million for the quarter, compared to the consensus estimate of $391.49 million. Mueller Water Products had a return on equity of 22.11% and a net margin of 14.17%.

Mueller Water Products Trading Down 1.1%

MWA stock traded down $0.28 during midday trading on Wednesday, reaching $26.32. The company’s stock had a trading volume of 1,371,967 shares, compared to its average volume of 1,199,397. Mueller Water Products has a 52 week low of $22.74 and a 52 week high of $31.00. The stock has a market cap of $4.12 billion, a PE ratio of 20.09, a price-to-earnings-growth ratio of 1.17 and a beta of 1.03. The company has a quick ratio of 2.92, a current ratio of 4.57 and a debt-to-equity ratio of 0.42. The business’s 50-day simple moving average is $25.46 and its 200-day simple moving average is $27.02.

Mueller Water Products Announces Dividend

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

Insider Buying and Selling

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

Institutional Investors Weigh In On Mueller Water Products

Institutional investors have recently made changes to their positions in the stock. Maryland State Retirement & Pension System increased its holdings in Mueller Water Products by 1.5% in the fourth quarter. Maryland State Retirement & Pension System now owns 22,808 shares of the industrial products company’s stock valued at $543,000 after purchasing an additional 339 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in Mueller Water Products by 47.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,323 shares of the industrial products company’s stock worth $32,000 after buying an additional 423 shares during the last quarter. Steward Partners Investment Advisory LLC grew its position in shares of Mueller Water Products by 44.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,517 shares of the industrial products company’s stock worth $36,000 after buying an additional 469 shares during the period. Wedbush Securities Inc. grew its position in shares of Mueller Water Products by 6.4% during the 4th quarter. Wedbush Securities Inc. now owns 11,244 shares of the industrial products company’s stock worth $268,000 after buying an additional 672 shares during the period. Finally, National Bank of Canada FI increased its stake in shares of Mueller Water Products by 21.7% in 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 acquiring an additional 823 shares during the last quarter. 91.68% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Mueller Water Products Company Profile

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.