MUELLER WATER PRODUCTS, INC.
In the published model solve dated 2026-Q2, anchored at $26.39, MUELLER WATER PRODUCTS, INC. (MWA) is priced for +8.6% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 27, 2026 from SEC EDGAR filings.
• Mueller Water Products makes the valves, hydrants, and metering that run beneath municipal water systems, and its non-invasive leak-detection and pipe-condition services are, in the 10-K's words, ⟦"a key competitive advantage."⟧ • The biggest risk is the price relative to the cycle: at roughly 16x operating income it embeds about 11% annual operating-income growth, leaning on the record margins of the most recent quarter holding rather than reverting. • Watch the margin trajectory, where the i
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410 institutional managers reported holding MWA in 13F filings for the quarter ended 2026-03-31. Together they hold about 93% of the company; the top 10 hold 52%. 60 opened new positions that quarter. Held by BlackRock, Vanguard Group, State Street, among others. On the short side, 4.2M shares were sold short as of the 2026-06-15 count, about 3% of shares outstanding (3.6 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
MWA has cut its share count 1.3% over the past five years, spending $85.50M on repurchases. It pays a dividend, and has paid one every year in our records (17 and counting), raised 6 years straight; the current rate is $0.27 a share annually. Cash returned over the past three years: $113.20M in dividends and $40.50M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at MWA over the trailing three years: 2024: 2 buys totaling $205k; 2026: 1 buy totaling $740k. 22 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
MWA's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-05 | -10.8% | -9.2% |
| 2023-12-15 | +7.4% | +14.7% |
| 2024-02-10 | +10.8% | -0.4% |
| 2024-05-08 | +11.0% | -2.1% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
MWA's latest 8-K filings: 2026-08-05 (items 2.02, 9.01); 2026-06-18 (items 5.02); 2026-05-05 (items 2.02, 9.01); 2026-02-25 (items 7.01, 9.01); 2026-02-23 (items 5.02).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.