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 declared a quarterly dividend on Tuesday, August 1st. Shareholders 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 announced that its Board of Directors has authorized a share buyback program on Tuesday, April 11th 2017, which permits the company to buyback $250,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 128% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its shares are undervalued.

Mueller Water Products (NYSE:MWA) posted its quarterly earnings results on Thursday, August, 3rd. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the Zacks' consensus estimate of $0.16. The company had revenue of $232.20 million for the quarter, compared to the consensus estimate of $235.07 million. Mueller Water Products had a net margin of 14.47% and a return on equity of 16.85%. The company's quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.15 EPS. 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 analysts have issued 12 month price targets for Mueller Water Products' stock. Their forecasts range from $12.00 to $15.00. On average, they expect Mueller Water Products' share price to reach $13.75 in the next twelve months. 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), Spirax-Sarco Engineering plc (SPX), Timken Company (The) (TKR), Barnes Group (B), Manitowoc Food Service (WBT), IMI plc (IMI), 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) and Hill & Smith Holdings PLC (HILS).

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 retail and institutional investors. Top institutional investors 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 bought 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 $12.61.