Mueller Water Products (NYSE:MWA) Posts Quarterly Earnings Results

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

Mueller Water Products Trading Up 0.5 %

Shares of MWA stock traded up $0.13 during trading hours on Thursday, hitting $24.10. 1,943,521 shares of the company were exchanged, compared to its average volume of 1,249,374. Mueller Water Products has a 1 year low of $12.39 and a 1 year high of $24.73. The company has a quick ratio of 2.31, a current ratio of 3.70 and a debt-to-equity ratio of 0.57. The firm has a fifty day moving average of $21.48 and a 200 day moving average of $19.68. The firm has a market cap of $3.75 billion, a PE ratio of 30.90, a PEG ratio of 1.30 and a beta of 1.34.

Mueller Water Products Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Friday, November 8th will be issued a $0.067 dividend. This is a boost from Mueller Water Products’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.27 annualized dividend and a yield of 1.11%. Mueller Water Products’s payout ratio is 33.33%.

Analyst Upgrades and Downgrades

MWA has been the subject of a number of research reports. Oppenheimer boosted their price objective on Mueller Water Products from $22.00 to $24.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. TD Cowen downgraded Mueller Water Products from a “buy” rating to a “hold” rating and raised their target price for the company from $19.00 to $20.00 in a report on Friday, August 9th. Royal Bank of Canada boosted their price target on Mueller Water Products from $20.00 to $23.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 7th. Finally, StockNews.com downgraded shares of Mueller Water Products from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 30th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Mueller Water Products currently has a consensus rating of “Hold” and a consensus price target of $21.60.

Insider Buying and Selling at Mueller Water Products

In other news, insider J Scott Hall sold 102,025 shares of Mueller Water Products stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $19.54, for a total value of $1,993,568.50. Following the transaction, the insider now directly owns 544,029 shares of the company’s stock, valued at $10,630,326.66. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, insider J Scott Hall sold 102,025 shares of the company’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $19.54, for a total value of $1,993,568.50. Following the completion of the transaction, the insider now directly owns 544,029 shares in the company, valued at approximately $10,630,326.66. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas J. Hansen sold 10,791 shares of Mueller Water Products stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $20.55, for a total value of $221,755.05. Following the sale, the director now directly owns 102,792 shares in the company, valued at approximately $2,112,375.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 121,616 shares of company stock worth $2,390,796 in the last quarter. 1.40% of the stock is owned by insiders.

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.