Mueller Water Products, Inc.
MWA · Miscellaneous Fabricated Metal Products · 156.5M shares · -0%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $2M (gross $10M, SBC $8M)
Reference price $25.26 · est. market cap ~$4.0B — last insider sale, 2026-05-28 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B80Category-leading water-infrastructure manufacturer with the industry's most recognized brand, strong returns and conservative leverage.
Strengths
- ROE 19.5% (77th pct) and ROA 10.4% (90th pct) with high operating margin (85th) and interest coverage (86th)
- Leading brand/installed-base moat in valves and hydrants; growing backlog and steady municipal repair-and-replace demand
Risks
- Modest growth and only mid-pack gross margin (41st pct), with tariff costs dilutive to margins
- Customer concentration (top two distributors ~37% of sales) and CEO/CFO leadership transitions
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Customer concentration~37% of revenue from one customer/distributor — Although we have long-standing relationships with most of our key distributors, we typically do not have long-term contracts with them, including our two largest distributors, which together accounted
- Insider buyingInsider buying — 3 open-market buy(s) by 2 insider(s) (cluster of 2 insiders, ~$796,896, last 6mo) Form 4 ↗
- Insider sellingInsider selling — 3 open-market sale(s) by 2 insider(s) (cluster of 2 insiders, ~$2M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
36.1%
Operating margin
18.2%
Net margin
13.4%
Return on equity
19.5%
Return on assets
10.4%
ROIC
14.4%
Revenue growth (QoQ)
20.8%
Net-income growth
65.4%
Debt / equity
0.5×
Interest coverage
13.0×
Current ratio
3.5×
EBITDA
$308M
Tangible book value
$585M
Stock comp / revenue
0.7%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-08 | Floyd Scott P. | Tax withheld | 5.9K | $25.37 |
| 2026-05-28 | ZAKAS MARIETTA EDMUNDS | Sell | 54K | $25.26 |
| 2026-05-15 | Healy Brian C. | Buy | 1.2K | $25.75 |
| 2026-03-17 | Helms Todd P | Sell | 11K | $27.61 |
| 2026-03-03 | Rasmussen Melissa | Tax withheld | 3.3K | $29.36 |
| 2026-02-25 | SENGSTACK GREGG C | Buy | 25K | $29.58 |
| 2026-02-23 | Floyd Scott P. | Grant | 1.1K | — |
| 2026-02-19 | Helms Todd P | Sell | 11K | $29.72 |
| 2026-02-10 | McAndrew Paul | Grant | 20K | — |
| 2026-02-10 | SENGSTACK GREGG C | Grant | 4.4K | — |
| 2026-02-09 | Garcia Christian A | Grant | 4.4K | — |
| 2026-02-09 | Weaver Leland | Grant | 4.4K | — |
| 2026-02-09 | Van Arsdell Stephen C | Grant | 4.4K | — |
| 2026-02-09 | Terry Bentina Chisolm | Grant | 4.4K | — |
| 2026-02-09 | Sharritts Jeffery S. | Grant | 4.4K | — |
| 2026-02-09 | Ortiz Christine | Grant | 4.4K | — |
| 2026-02-09 | Healy Brian C. | Grant | 4.4K | — |
| 2026-02-09 | HANSEN THOMAS J | Grant | 4.4K | — |
| 2026-01-07 | Healy Brian C. | Buy | 1.1K | $24.41 |
| 2025-12-09 | Heinrichs Steven S | Sell | 15K | $24.29 |
| 2025-12-09 | Heinrichs Steven S | Sell | 19K | $24.29 |
| 2025-12-04 | Helms Todd P | Sell | 7.1K | $24.62 |
| 2025-12-04 | Helms Todd P | Option exercise | 11K | $11.41 |
| 2025-12-04 | Helms Todd P | Option exercise | 9.5K | $13.22 |
| 2025-12-04 | Helms Todd P | Sell | 8.0K | $24.62 |
| 2025-12-03 | McAndrew Paul | Tax withheld | 1.5K | $24.62 |
| 2025-12-03 | ZAKAS MARIETTA EDMUNDS | Tax withheld | 5.0K | $24.62 |
| 2025-12-03 | Feyerherm Richelle R. | Tax withheld | 133 | $24.62 |
| 2025-12-03 | Carroll Chason A | Tax withheld | 665 | $24.62 |
| 2025-12-03 | Rasmussen Melissa | Tax withheld | 528 | $24.62 |
| 2025-12-03 | Floyd Scott P. | Tax withheld | 609 | $24.62 |
| 2025-12-03 | Helms Todd P | Tax withheld | 665 | $24.62 |
| 2025-12-02 | Feyerherm Richelle R. | Grant | 1.8K | — |
| 2025-12-02 | Carroll Chason A | Grant | 5.1K | — |
| 2025-12-02 | Rasmussen Melissa | Grant | 9.7K | — |
| 2025-12-02 | McAndrew Paul | Grant | 21K | — |
| 2025-12-02 | McAndrew Paul | Grant | 10K | — |
| 2025-12-02 | ZAKAS MARIETTA EDMUNDS | Gift | 21K | — |
| 2025-12-02 | ZAKAS MARIETTA EDMUNDS | Grant | 41K | — |
| 2025-12-02 | Heinrichs Steven S | Grant | 34K | — |
| 2025-12-02 | Floyd Scott P. | Grant | 26K | — |
| 2025-12-02 | Floyd Scott P. | Grant | 5.4K | — |
| 2025-12-02 | Helms Todd P | Grant | 21K | — |
| 2025-12-02 | Helms Todd P | Grant | 4.6K | — |
| 2025-12-02 | Feyerherm Richelle R. | Grant | 7.3K | — |
| 2025-12-01 | Helms Todd P | Tax withheld | 1.5K | $24.08 |
| 2025-12-01 | ZAKAS MARIETTA EDMUNDS | Tax withheld | 2.8K | $24.08 |
| 2025-12-01 | McAndrew Paul | Tax withheld | 1.5K | $24.08 |
| 2025-12-01 | Carroll Chason A | Option exercise | 3.7K | — |
| 2025-12-01 | Carroll Chason A | Disposition | 3.7K | $24.08 |
| 2025-12-01 | Floyd Scott P. | Tax withheld | 1.1K | $24.08 |
| 2025-12-01 | Feyerherm Richelle R. | Tax withheld | 265 | $24.08 |
| 2025-11-28 | Feyerherm Richelle R. | Tax withheld | 241 | $24.24 |
| 2025-11-28 | Floyd Scott P. | Tax withheld | 691 | $24.24 |
| 2025-11-28 | Helms Todd P | Tax withheld | 1.3K | $24.24 |
| 2025-11-28 | Carroll Chason A | Tax withheld | 1.1K | $24.24 |
| 2025-11-28 | McAndrew Paul | Tax withheld | 2.2K | $24.24 |
| 2025-11-28 | ZAKAS MARIETTA EDMUNDS | Tax withheld | 8.6K | $24.24 |
| 2025-10-07 | Healy Brian C. | Buy | 1.1K | $25.78 |
| 2025-09-08 | Smith Suzanne G | Sell | 750 | $26.79 |
| 2025-08-28 | Smith Suzanne G | Sell | 1.3K | $26.91 |
| 2025-08-28 | Heinrichs Steven S | Sell | 10K | $26.86 |
| 2025-08-25 | Floyd Scott P. | Tax withheld | 901 | $26.88 |
| 2025-08-25 | Helms Todd P | Tax withheld | 839 | $26.88 |
| 2025-08-25 | Carroll Chason A | Tax withheld | 562 | $26.88 |
| 2025-08-25 | McAndrew Paul | Tax withheld | 6.7K | $26.88 |
| 2025-08-25 | Smith Suzanne G | Tax withheld | 562 | $26.88 |
| 2025-08-25 | Heinrichs Steven S | Tax withheld | 4.5K | $26.88 |
| 2025-08-25 | Feyerherm Richelle R. | Tax withheld | 562 | $26.88 |
| 2025-08-18 | HANSEN THOMAS J | Sell | 24K | $26.15 |
| 2025-08-15 | Smith Suzanne G | Sell | 8.6K | $26.37 |
| 2025-08-15 | Feyerherm Richelle R. | Grant | 11K | — |
| 2025-08-07 | Sharritts Jeffery S. | Sell | 7.7K | $25.82 |
| 2025-07-07 | Healy Brian C. | Buy | 1.1K | $24.74 |
| 2025-05-16 | Healy Brian C. | Buy | 1.1K | $25.32 |
| 2025-05-08 | Slobodow Brian | Sell | 7.4K | $24.57 |
| 2025-03-11 | THOMAS LYDIA W | Sell | 17K | $26.77 |
| 2025-03-05 | Heinrichs Steven S | Sell | 38K | $24.88 |
| 2025-03-05 | Heinrichs Steven S | Option exercise | 38K | $11.86 |
| 2025-03-05 | Heinrichs Steven S | Option exercise | 37K | $13.64 |
| 2025-03-05 | Heinrichs Steven S | Option exercise | 31K | $11.41 |
| 2025-03-05 | Heinrichs Steven S | Option exercise | 20K | $13.22 |
| 2025-03-05 | Heinrichs Steven S | Sell | 1.7K | $24.93 |
| 2025-03-05 | Heinrichs Steven S | Sell | 2.5K | $24.93 |
| 2025-03-05 | Heinrichs Steven S | Sell | 3.2K | $24.93 |
| 2025-03-05 | Heinrichs Steven S | Sell | 8.1K | $24.93 |
| 2025-03-05 | Heinrichs Steven S | Sell | 15K | $24.93 |
| 2025-03-05 | Heinrichs Steven S | Sell | 20K | $24.93 |
| 2025-03-05 | Heinrichs Steven S | Sell | 31K | $24.88 |
| 2025-03-05 | Heinrichs Steven S | Sell | 37K | $24.88 |
| 2025-03-05 | Heinrichs Steven S | Sell | 39K | $24.88 |
| 2025-03-05 | FRANKLIN SHIRLEY C. | Sell | 7.4K | $24.67 |
| 2025-03-04 | Slobodow Brian | Sell | 11K | $24.73 |
| 2025-03-03 | Rasmussen Melissa | Grant | 30K | — |
| 2025-03-03 | Ortiz Christine | Sell | 3.9K | $25.88 |
| 2025-03-03 | Rasmussen Melissa | Grant | 7.7K | — |
| 2025-02-24 | McAndrew Paul | Tax withheld | 6.7K | $25.05 |
| 2025-02-24 | Heinrichs Steven S | Tax withheld | 6.7K | $25.05 |
| 2025-02-24 | FRANKLIN SHIRLEY C. | Sell | 8.8K | $25.11 |
| 2025-02-07 | Weaver Leland | Grant | 4.8K | — |
| 2025-02-07 | Terry Bentina Chisolm | Grant | 4.8K | — |
| 2025-02-06 | Garcia Christian A | Grant | 4.7K | — |
| 2025-02-06 | Van Arsdell Stephen C | Grant | 4.7K | — |
| 2025-02-06 | THOMAS LYDIA W | Grant | 4.7K | — |
| 2025-02-06 | Sharritts Jeffery S. | Grant | 4.7K | — |
| 2025-02-06 | Ortiz Christine | Grant | 4.7K | — |
| 2025-02-06 | Healy Brian C. | Grant | 4.7K | — |
| 2025-02-06 | HANSEN THOMAS J | Grant | 4.7K | — |
| 2025-02-06 | FRANKLIN SHIRLEY C. | Grant | 4.7K | — |
| 2025-01-06 | Healy Brian C. | Buy | 1.1K | $22.32 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-18 | Exec/director change | filing ↗ |
| 2026-05-05 | ResultsExhibits | filing ↗ |
| 2026-02-25 | Reg FDExhibits | filing ↗ |
| 2026-02-23 | Exec/director change | filing ↗ |
| 2026-02-12 | Shareholder vote | filing ↗ |
| 2026-02-04 | ResultsExhibits | filing ↗ |
| 2025-11-10 | Reg FDExhibits | filing ↗ |
| 2025-11-06 | Exec/director changeReg FDExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-18 | 2026-06-18 | 0001350593-26-000029 ↗ |
| 10-Q | 2026-05-06 | 2026-03-31 | 0001350593-26-000024 ↗ |
| 8-K | 2026-05-05 | 2026-05-05 | 0001350593-26-000022 ↗ |
| 8-K | 2026-02-25 | 2026-02-25 | 0001350593-26-000016 ↗ |
| 8-K | 2026-02-23 | 2026-02-17 | 0001350593-26-000014 ↗ |
| 8-K | 2026-02-12 | 2026-02-09 | 0001350593-26-000012 ↗ |
| 10-Q | 2026-02-05 | 2025-12-31 | 0001350593-26-000010 ↗ |
| 8-K | 2026-02-04 | 2026-02-04 | 0001350593-26-000007 ↗ |
| 10-K | 2025-11-19 | 2025-09-30 | 0001350593-25-000066 ↗ |
| 8-K | 2025-11-10 | 2025-11-10 | 0001350593-25-000059 ↗ |
| 8-K | 2025-11-06 | 2025-11-06 | 0001350593-25-000057 ↗ |
| 8-K | 2025-11-06 | 2025-11-06 | 0001350593-25-000054 ↗ |