Mueller Water Products Company Profile (NYSE:MWA)

Mueller Water Products trades on the New York Stock Exchange (NYSE) under the ticker symbol "MWA."

Mueller Water Products announced a quarterly dividend on Tuesday, August 1st. Investors of record on Friday, August 11th will be given a dividend of $0.04 per share on Monday, August 21st. This represents a $0.16 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Wednesday, August 9th. View Mueller Water Products' Dividend History.

Mueller Water Products declared that its Board of Directors has initiated a share repurchase plan on Tuesday, April 11th 2017, which allows the company to repurchase $250,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 128% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board believes its stock is undervalued.

Mueller Water Products (NYSE:MWA) announced its quarterly earnings results on Thursday, August, 3rd. The company reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. The business had revenue of $232.20 million for the quarter, compared to analysts' expectations of $235.07 million. Mueller Water Products had a return on equity of 16.85% and a net margin of 14.47%. Mueller Water Products's revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.15 earnings per share. View Mueller Water Products' Earnings History.

Mueller Water Products is scheduled to release their next quarterly earnings announcement on Wednesday, November, 1st 2017. View Earnings Estimates for Mueller Water Products.

9 brokerages have issued 12 month price targets for Mueller Water Products' shares. Their forecasts range from $12.00 to $15.00. On average, they anticipate Mueller Water Products' stock price to reach $13.75 in the next year. View Analyst Ratings for Mueller Water Products.

Here are some recent quotes from research analysts about Mueller Water Products stock:

• 1. Boenning Scattergood analysts commented, "We upgrade MWA to Outperform, with our $14 target price reflecting a peer group average forward P/E multiple of 24.3 times. Key Points: Homebuilding/land development represent key tailwinds. With home prices rising to record levels due to supply shortages and rising household formation likely to drive sustained demand (see our August 31 note HERE for more detail), the outlook for homebuilding is positive. Land development in particular is primed to accelerate as builders seek to bring new housing supply to market, and Mueller Water’s position at the early stages of residential development makes the company a timely play on the construction channel. The company’s Mueller Co. segment has an already attractive profitability profile (T4Q EBIT margin of 22.5%), and should generate further margin leverage as the top-line benefits from rising sales to the construction space." (9/5/2017)
• 2. According to Zacks Investment Research, "Mueller Water Products, Inc. manufactures and markets products and services that are used in the transmission and distribution of safe, clean drinking water and in water treatment facilities. Their broad product portfolio includes engineered valves, fire hydrants, pipe fittings, water meters and ductile iron pipe, which are used by municipalities, as well as the residential and non-residential construction industries. " (8/4/2017)

Some companies that are related to Mueller Water Products include Weir Group PLC (WEIR), Timken Company (The) (TKR), Barnes Group (B), IMI plc (IMI), Manitowoc Food Service (WBT), KLX (KLXI), Rexnord Corporation (RXN), Hillenbrand (HI), Proto Labs (PRLB), SPX FLOW (FLOW), Actuant Corporation (ATU), Kaman Corporation (KAMN), Comfort Systems USA (FIX), SPX Corp (SPXC), SPX Corporation (SPXC), Milacron Holdings Corp. (MCRN), Hill & Smith Holdings PLC (HILS) and Morgan Advanced Materials PLC (MGAM).

Mueller Water Products' management team includes the folowing people:

• Gregory E. Hyland, Executive Chairman of the Board
• J. Scott Hall, President, Chief Executive Officer, Director
• Evan L. Hart CPA, Senior Vice President and Chief Financial Officer
• Patrick Matthew Donovan, President, Anvil
• Gregory S. Rogowski, President, Mueller Co.
• Robert P. Keefe, Senior Vice President, Chief Technology Officer
• Keith L. Belknap Jr., Senior Vice President, General Counsel and Chief Compliance Officer; President of Mueller Technologies companies
• Marietta Edmunds Zakas, Senior Vice President, Strategy, Corporate Development & Communications
• Kevin G. McHugh CPA, Vice President, Controller
• Mark J. O'Brien, Lead Independent Director

Mueller Water Products' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.46%), Vanguard Group Inc. (7.90%), EARNEST PARTNERS LLC (5.10%), Earnest Partners LLC (5.13%), Franklin Resources Inc. (4.79%) and Gamco Investors INC. ET AL (4.24%). Company insiders that own Mueller Water Products stock include Bernard G Rethore, Evan Hart, Jerry W Kolb and Shirley C Franklin. View Institutional Ownership Trends for Mueller Water Products.

Mueller Water Products' stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Parametric Portfolio Associates LLC, GCA Investment Management LLC, Alliancebernstein L.P., State of Wisconsin Investment Board, Balyasny Asset Management LLC, Menta Capital LLC and Prudential Financial Inc.. Company insiders that have sold Mueller Water Products stock in the last year include Bernard G Rethore, Evan Hart, Jerry W Kolb and Shirley C Franklin. View Insider Buying and Selling for Mueller Water Products.

Mueller Water Products' stock was acquired by a variety of institutional investors in the last quarter, including Pictet Asset Management Ltd., Gamco Investors INC. ET AL, Earnest Partners LLC, Lazard Asset Management LLC, Dimensional Fund Advisors LP, Chilton Investment Co. LLC, Nordea Investment Management AB and Franklin Resources Inc.. View Insider Buying and Selling for Mueller Water Products.

Shares of Mueller Water Products can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Mueller Water Products stock can currently be purchased for approximately $12.64.