Mueller Water Products (NYSE:MWA) Issues Earnings Results

Mueller Water Products (NYSE:MWA) released its quarterly earnings results on Wednesday. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.03), Briefing.com reports. Mueller Water Products had a net margin of 9.71% and a return on equity of 19.46%. The firm had revenue of $348.20 million during the quarter, compared to analyst estimates of $324.80 million. During the same period in the prior year, the business earned $0.19 EPS. The business’s revenue for the quarter was up 15.5% compared to the same quarter last year. Mueller Water Products updated its FY 2025 guidance to EPS.

Mueller Water Products Price Performance

MWA stock traded up $1.00 during midday trading on Friday, reaching $25.03. The company had a trading volume of 413,454 shares, compared to its average volume of 1,246,295. Mueller Water Products has a 1-year low of $12.59 and a 1-year high of $25.19. The stock has a 50 day moving average price of $21.54 and a 200-day moving average price of $19.72. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.70 and a quick ratio of 2.31. The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of 32.05, a price-to-earnings-growth ratio of 1.30 and a beta of 1.34.

Mueller Water Products Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Friday, November 8th will be issued a dividend of $0.067 per share. This is a positive change from Mueller Water Products’s previous quarterly dividend of $0.06. This represents a $0.27 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Friday, November 8th. Mueller Water Products’s dividend payout ratio is 33.33%.

Insiders Place Their Bets

In other news, Director Christine Ortiz sold 8,800 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $19.94, for a total value of $175,472.00. Following the completion of the transaction, the director now directly owns 34,699 shares in the company, valued at approximately $691,898.06. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Thomas J. Hansen sold 10,791 shares of Mueller Water Products stock in a transaction on Monday, August 19th. The stock was sold at an average price of $20.55, for a total value of $221,755.05. Following the transaction, the director now owns 102,792 shares in the company, valued at approximately $2,112,375.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Christine Ortiz sold 8,800 shares of the company’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $19.94, for a total value of $175,472.00. Following the sale, the director now owns 34,699 shares of the company’s stock, valued at approximately $691,898.06. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 121,616 shares of company stock worth $2,390,796 over the last ninety days. Corporate insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on MWA shares. Royal Bank of Canada increased their price objective on shares of Mueller Water Products from $20.00 to $23.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 7th. TD Cowen cut Mueller Water Products from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $19.00 to $20.00 in a report on Friday, August 9th. StockNews.com cut Mueller Water Products from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 30th. Finally, Oppenheimer reissued an “outperform” rating and set a $27.00 target price (up previously from $26.00) on shares of Mueller Water Products in a report on Friday. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Mueller Water Products presently has a consensus rating of “Hold” and an average price target of $22.20.

Mueller Water Products Company Profile

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.