Mueller Water Products
Makes valves, hydrants and monitoring systems for municipal water distribution networks.
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Profile
Sells valves, hydrants, service brass, pipe-repair products, meters, leak detection and pressure controls to utilities and contractors, largely through North American waterworks distributors. Demand is tied to municipal repair and replacement, construction and product specifications shaped by a large installed base.
Manufactures valves, hydrants, service brass, pipe-repair products and water-network monitoring systems used to transmit, distribute and measure water. Municipal utilities, waterworks distributors, and construction and fire-protection contractors are the core customers, primarily in the United States and Canada.
Water Flow Solutions covers iron gate and specialty valves plus service brass. Water Management Solutions combines hydrants, repair and installation products, natural-gas distribution tools, meters, leak detection, and pressure-management controls and analytics.
A large installed base, municipal specifications, and broad distributor coverage help sustain replacement and parts demand. Results depend on municipal repair and replacement spending, construction activity, raw-material and supplier availability, and reliable operation of specialized foundries and factories; several major product lines are concentrated in one or a few facilities.
Company facts
Key statistics
Year to date +1.8% · Average volume (30d) 987.0K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 7, 2026 | Robert W. Baird | Target | $33 | $35 | |
| Aug 7, 2026 | RBC Capital | Reiterate | Sector Perform | $13 | $30 |
| Jun 30, 2026 | Barclays | Initiate | Underweight | $25 | |
| May 6, 2026 | Goldman Sachs | Target | $29 | ||
| Feb 9, 2026 | Seaport Global | Target | $35 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q3 FY26 | $0.39 | $0.50 | +27.6% | $391.5M | $395.9M | +1.1% | +2.57% |
| May 5, 2026Q2 FY26 | $0.38 | $0.40 | +5.3% | $380.8M | $384.4M | +1.0% | −1.49% |
| Feb 4, 2026Q1 FY26 | $0.27 | $0.29 | +7.4% | $314.0M | $318.2M | +1.3% | +1.49% |
| Nov 6, 2025Q4 FY25 | $0.34 | $0.38 | +11.8% | $317.1M | $380.8M | +20.1% | −4.43% |
Financial highlights
| 12 quarters | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $364.3M | $380.3M | $380.8M | $318.2M | $384.4M | $395.9M | |
| Gross profit | $128.0M | $145.7M | $140.0M | $119.8M | $144.5M | $155.8M | |
| Operating income | $69.9M | $73.7M | $69.6M | $60.0M | $80.4M | $80.6M | |
| Net income | $51.3M | $52.5M | $52.6M | $43.2M | $59.1M | $67.3M | |
| Diluted EPS | $0.33 | $0.33 | $0.33 | $0.27 | $0.38 | $0.43 | |
| Gross margin | 35.1% | 38.3% | 36.8% | 37.6% | 37.6% | 39.4% | |
| Operating margin | 19.2% | 19.4% | 18.3% | 18.9% | 20.9% | 20.4% |
Fiscal years (4-quarter sums)FY21 $1.11B · FY22 $1.25B · FY23 $1.28B · FY24 $1.31B · FY25 $1.43B
Balance sheet, Jun 30, 2026Cash & short-term investments $495.3M · Total debt $452.9M · Total assets $1.95B · Shareholders' equity $1.12B
Dividends
Raised for 18 straight years — most recently to $0.07 from $0.067 in Nov 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 10, 2026 | Aug 10 | Aug 20 | $0.07 | |
| May 11, 2026 | May 11 | May 20 | $0.07 | |
| Feb 10, 2026 | Feb 10 | Feb 20 | $0.07 | |
| Nov 10, 2025 | Nov 10 | Nov 20 | $0.07 | raised from $0.067 |
| Aug 12, 2025 | Aug 12 | Aug 21 | $0.067 | |
| May 12, 2025 | May 12 | May 21 | $0.067 | |
| Feb 10, 2025 | Feb 10 | Feb 21 | $0.067 | |
| Nov 8, 2024 | Nov 8 | Nov 20 | $0.067 | raised from $0.064 |
Ownership
Institutions and insiders are filed separately and overlap, so together they can pass the whole company. No split is drawn from them.
Shares outstanding 156.47M · Float 155.03M · 99.1% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 25.69M | 16.42% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 11.57M | 7.40% | 13F | Aug 13, 2026 |
| First Trust Portfolios L.P. | 7.90M | 5.05% | 13G | Apr 27, 2026 |
| Vanguard Capital Management LLC | 7.03M | 4.50% | 13F | Aug 13, 2026 |
| State Street Corp | 6.33M | 4.05% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 26, 2026 | Richelle R. Feyerherm | officer: VP, CAO and Corp. Controller | −3,000 | $25.00 |
| Aug 10, 2026 | Paul McAndrew | director, officer: President and CEO | −40,000 | $26.39 |
| Jul 7, 2026 | Brian C. Healy | director | +1,183 | $25.33 |
| May 28, 2026 | Marietta Edmunds Zakas | director, officer: Former Officer and Director | −54,254 | $25.26 |
| May 15, 2026 | Brian C. Healy | director | +1,166 | $25.75 |
Peers
- Xylem
Sensus-led smart-water and repair overlap
- Badger Meter
Focused water-metering, AMI and analytics rival
- Itron
Utility AMI, endpoints and data-platform competitor
- Roper Technologies
Neptune water-metering and AMI overlap
- Watts Water Technologies
Pressure, valve and connected flow-control overlap
- Zurn Elkay Water Solutions
Adjacent water-safety and pressure-control peer
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Mueller Water Products | $24.38 | +0.04% | $3.81B | 17.3 | 15.4 | 2.6 | +4.1% |
| Xylem | $112.64 | +1.19% | $25.99B | 26.5 | 18.9 | 2.8 | +1.5% |
| Badger Meter | $136.00 | +0.23% | $3.93B | 31.7 | 29.0 | 4.5 | −6.6% |
| Itron | $97.53 | −0.06% | $4.27B | 16.3 | 15.1 | 1.9 | −7.2% |
| Roper Technologies | $425.13 | −0.26% | $43.01B | 17.8 | 18.1 | 5.2 | +8.5% |
| Watts Water Technologies | $366.88 | +0.12% | $12.23B | 32.0 | 27.5 | 4.6 | +18.6% |
| Zurn Elkay Water Solutions | $48.05 | 0.00% | $7.97B | 29.7 | 24.6 | 4.6 | +10.5% |
| Median | 28.1 | 21.8 | 4.5 | +5.0% |