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

Mueller Water Products (NYSE:MWA) released its quarterly earnings data 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. Mueller Water Products had a return on equity of 22.11% and a net margin of 14.17%.The company had revenue of $395.90 million during the quarter, compared to the consensus estimate of $391.49 million. During the same quarter in the prior year, the firm posted $0.34 EPS. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year.

Mueller Water Products Stock Performance

Shares of NYSE:MWA traded down $0.28 on Wednesday, hitting $26.32. The company had a trading volume of 1,371,967 shares, compared to its average volume of 1,199,397. The stock has a market cap of $4.12 billion, a price-to-earnings ratio of 20.09, a P/E/G ratio of 1.17 and a beta of 1.03. The stock has a 50 day moving average price of $25.47 and a 200 day moving average price of $27.02. Mueller Water Products has a 1-year low of $22.74 and a 1-year high of $31.00. The company has a current ratio of 4.57, a quick ratio of 2.92 and a debt-to-equity ratio of 0.42.

Mueller Water Products Dividend Announcement

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

Insider Activity at Mueller Water Products

In related news, Director Brian C. Healy bought 1,183 shares of Mueller Water Products stock in a transaction that occurred on Tuesday, July 7th. The stock was acquired at an average price of $25.33 per share, with a total value of $29,965.39. Following the acquisition, the director owned 24,946 shares of the company’s stock, valued at approximately $631,882.18. This represents a 4.98% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Mueller Water Products

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

Analyst Ratings Changes

Several analysts have issued reports on the stock. Weiss Ratings lowered shares of Mueller Water Products from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, July 24th. Royal Bank Of Canada boosted their price objective on shares of 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. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $29.00 target price on shares of Mueller Water Products in a report on Wednesday, May 6th. Barclays assumed coverage on shares of 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. Finally, Wall Street Zen downgraded Mueller Water Products from a “buy” rating to a “hold” rating in a research report on Sunday. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $30.00.

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.