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

Mueller Water Products (NYSE:MWA) announced its quarterly earnings data on Wednesday. The industrial products company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.11, FiscalAI reports. Mueller Water Products had a net margin of 15.02% and a return on equity of 24.10%. The firm had revenue of $395.90 million for the quarter, compared to analyst estimates of $391.49 million. During the same period in the previous year, the company earned $0.34 earnings per share. The business’s quarterly revenue was up 4.1% compared to the same quarter last year.

Mueller Water Products Price Performance

MWA stock traded down $0.29 during trading on Friday, hitting $26.80. The stock had a trading volume of 326,179 shares, compared to its average volume of 1,197,429. Mueller Water Products has a 1-year low of $22.74 and a 1-year high of $31.00. The company’s 50 day moving average price is $25.50 and its two-hundred day moving average price is $27.03. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.92 and a current ratio of 4.57. The stock has a market cap of $4.19 billion, a price-to-earnings ratio of 19.02, a price-to-earnings-growth ratio of 1.20 and a beta of 1.03.

Mueller Water Products Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Monday, August 10th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Monday, August 10th. Mueller Water Products’s dividend payout ratio (DPR) is currently 19.86%.

Insider Transactions at Mueller Water Products

In related news, Director Brian C. Healy acquired 1,183 shares of Mueller Water Products stock in a transaction on Tuesday, July 7th. The shares were purchased at an average cost of $25.33 per share, for a total transaction of $29,965.39. Following the purchase, the director directly owned 24,946 shares of the company’s stock, valued at $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 can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Mueller Water Products

Several large investors have recently made changes to their positions in MWA. Strive Financial Group LLC bought a new stake in Mueller Water Products in the fourth quarter valued at $26,000. Smartleaf Asset Management LLC lifted its holdings in shares of 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 valued at $32,000 after acquiring an additional 423 shares during the period. Steward Partners Investment Advisory LLC boosted its stake in shares of 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 in the last quarter. Quarry LP grew its holdings in shares of Mueller Water Products by 398.0% in the 3rd quarter. Quarry LP now owns 2,196 shares of the industrial products company’s stock worth $56,000 after purchasing an additional 1,755 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased 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 purchasing an additional 2,792 shares in the last quarter. Institutional investors and hedge funds own 91.68% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $30.00 price target on shares of Mueller Water Products in a research note on Friday. 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. Barclays began coverage on shares of 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 issued a $29.00 price objective on shares of Mueller Water Products in a report on Wednesday, May 6th. Finally, Wall Street Zen lowered Mueller Water Products from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $30.20.

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.