MUELLER WATER PRODUCTS (NYSE:MWA) Posts Earnings Results, Misses Estimates By $0.01 EPS

Key Points

• Mueller Water Products reported earnings of $0.34 per share for the quarter, meeting analysts' expectations and showing a year-over-year revenue increase of 6.6%.
• The company announced a quarterly dividend of $0.067 per share, with an annualized yield of 1.1% and a payout ratio of 29.67%.
• Analysts rated Mueller Water Products with a consensus of "Hold" but with a significant upgrade from Wall Street Zen raising it to a "Buy" rating and setting a price target of $26.25.

MUELLER WATER PRODUCTS (NYSE:MWA - Get Free Report) announced its quarterly earnings data on Monday. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.35 by ($0.01), Zacks reports. The business had revenue of $380.30 million during the quarter, compared to analyst estimates of $366.82 million. MUELLER WATER PRODUCTS had a net margin of 10.48% and a return on equity of 21.31%. The firm's revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.32 earnings per share. MUELLER WATER PRODUCTS updated its FY 2025 guidance to EPS.

MUELLER WATER PRODUCTS Trading Down 1.1%

NYSE:MWA opened at $23.97 on Tuesday. The company has a market cap of $3.76 billion, a P/E ratio of 26.34, a P/E/G ratio of 1.31 and a beta of 1.18. The stock's fifty day moving average price is $24.42 and its two-hundred day moving average price is $25.05. MUELLER WATER PRODUCTS has a 1 year low of $18.55 and a 1 year high of $28.58. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.79 and a quick ratio of 2.49.

MUELLER WATER PRODUCTS Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Tuesday, August 12th will be given a dividend of $0.067 per share. The ex-dividend date is Tuesday, August 12th. This represents a $0.27 annualized dividend and a dividend yield of 1.1%. MUELLER WATER PRODUCTS's dividend payout ratio is currently 29.67%.

Insider Buying and Selling at MUELLER WATER PRODUCTS

In other MUELLER WATER PRODUCTS news, Director Brian Slobodow sold 7,376 shares of MUELLER WATER PRODUCTS stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $24.57, for a total transaction of $181,228.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brian C. Healy purchased 1,110 shares of the company's stock in a transaction on Monday, July 7th. The shares were purchased at an average cost of $24.74 per share, with a total value of $27,461.40. Following the purchase, the director owned 15,730 shares of the company's stock, valued at approximately $389,160.20. The trade was a 7.59% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.10% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in MUELLER WATER PRODUCTS by 10.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 572,686 shares of the industrial products company's stock valued at $14,558,000 after purchasing an additional 56,404 shares during the period. Royal Bank of Canada lifted its position in MUELLER WATER PRODUCTS by 25.3% in the 1st quarter. Royal Bank of Canada now owns 153,043 shares of the industrial products company's stock valued at $3,890,000 after acquiring an additional 30,862 shares in the last quarter. AQR Capital Management LLC lifted its position in MUELLER WATER PRODUCTS by 87.2% in the 1st quarter. AQR Capital Management LLC now owns 122,472 shares of the industrial products company's stock valued at $3,113,000 after acquiring an additional 57,053 shares in the last quarter. United Services Automobile Association bought a new position in MUELLER WATER PRODUCTS in the 1st quarter valued at approximately $212,000. Finally, Great Lakes Advisors LLC purchased a new stake in MUELLER WATER PRODUCTS during the 1st quarter valued at $205,000. Hedge funds and other institutional investors own 91.68% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen raised MUELLER WATER PRODUCTS from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $26.25.

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.