Mueller Water Products (NYSE:MWA) Releases Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Mueller Water Products (NYSE:MWA) issued its earnings results 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. The company had revenue of $380.80 million for the quarter, compared to analyst estimates of $362.32 million. Mueller Water Products had a return on equity of 20.89% and a net margin of 10.67%.The business’s revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.22 EPS. Mueller Water Products updated its FY 2026 guidance to EPS.

Mueller Water Products Stock Performance

Shares of MWA stock 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. Mueller Water Products has a one year low of $21.35 and a one year high of $28.58. The firm has a market cap of $3.76 billion, a PE ratio of 25.58, a P/E/G ratio of 1.21 and a beta of 1.18. The firm’s 50 day simple moving average is $25.55 and its 200 day simple moving average is $25.26. The company has a quick ratio of 2.56, a current ratio of 3.86 and a debt-to-equity ratio of 0.48.

Mueller Water Products Increases Dividend

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

Insider Activity

In related news, CAO Suzanne G. Smith sold 1,288 shares of the company’s stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $26.91, for a total value of $34,660.08. Following the completion of the transaction, the chief accounting officer directly owned 763 shares in the company, valued at approximately $20,532.33. This represents a 62.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Brian C. Healy purchased 1,070 shares of the stock in a transaction on Tuesday, October 7th. The stock was acquired at an average cost of $25.78 per share, for a total transaction of $27,584.60. Following the acquisition, the director directly owned 16,800 shares in the company, valued at approximately $433,104. This trade represents a 6.80% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have sold 34,664 shares of company stock worth $909,819. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Vident Advisory LLC boosted its holdings in Mueller Water Products by 9.8% during the second quarter. Vident Advisory LLC now owns 17,038 shares of the industrial products company’s stock valued at $410,000 after purchasing an additional 1,525 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Mueller Water Products by 677.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,204 shares of the industrial products company’s stock worth $77,000 after buying an additional 2,792 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in Mueller Water Products by 13.1% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 50,970 shares of the industrial products company’s stock valued at $1,225,000 after buying an additional 5,900 shares in the last quarter. Great Lakes Advisors LLC acquired a new stake in Mueller Water Products in the 1st quarter valued at $205,000. Finally, United Services Automobile Association bought a new stake in Mueller Water Products in the first quarter valued at $212,000. Institutional investors and hedge funds own 91.68% of the company’s stock.

Analysts Set New Price Targets

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

About Mueller Water Products

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.