Mueller Water Products (MWA)
Makes valves, hydrants and monitoring systems for municipal water distribution networks.
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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
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 17, 2026 | RBC Capital | Downgrade | ||
| Sep 16, 2026 | RBC Capital | Downgrade | Target: $30 | Target: $21 |
| Aug 7, 2026 | Robert W. Baird | Target | Target: $33 | Target: $35 |
| Aug 7, 2026 | RBC Capital | Reiterate | Rating: —Target: $13 | Target: $30 |
| Jun 30, 2026 | Barclays | Initiate | Rating: —Target: — | Target: $25 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $495.3M · Total debt $452.9M · Total assets $1.95B · Shareholders' equity $1.12B
- Revenue
- $395.9M
- Operating income
- $80.6M
- Net income
- $67.3M
HistoryDividendAnnual yield
| Institutions | 97.02% | 151.47M shares | |
|---|---|---|---|
| 428 holders · as of Jun 30, 2026 | |||
| Insiders | 0.72% | 1.13M shares | |
| 17 holders · as of Sep 3, 2026 | |||
| Other | 2.26% | 3.53M shares | |
| remainder | |||
156.13M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 16.45% | 25.69M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 7.41% | 11.57M | as of Jun 30, 2026 |
First Trust Portfolios L.P.Institution | 5.06% | 7.90M | filed Apr 27, 2026 |
Vanguard Capital Management LLCInstitution | 4.50% | 7.03M | as of Jun 30, 2026 |
State Street CorpInstitution | 4.05% | 6.33M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 1, 2026 | Todd P. Helms | other: Former Officer/Senior Advisor | −9,997 | $23.67 |
| Sep 1, 2026 | Christine Ortiz | director | −550 | $23.93 |
| Aug 31, 2026 | Christine Ortiz | director | −12,048 | $24.23 |
| 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 |
- 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
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Mueller Water Products | $21.97 | −0.23% | $3.45B | 15.6 | 14.1 | 2.3 | +4.1% |
| Xylem | $108.80 | +0.88% | $25.18B | 25.7 | 18.5 | 2.8 | +1.5% |
| Badger Meter | $133.26 | +0.76% | $3.83B | 30.9 | 28.1 | 4.4 | −6.6% |
| Itron | $92.21 | −1.21% | $4.09B | 15.6 | 14.3 | 1.8 | −7.2% |
| Roper Technologies | $366.93 | +0.85% | $36.72B | 15.2 | 15.6 | 4.4 | +8.5% |
| Watts Water Technologies | $359.32 | +1.42% | $11.83B | 30.9 | 26.9 | 4.4 | +18.6% |
| Zurn Elkay Water Solutions | $46.76 | −0.32% | $7.78B | 29.0 | 24.0 | 4.5 | +10.5% |
| Median | 27.3 | 21.2 | 4.4 | +5.0% |








