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MWA $16.15

MWA target price
16.15
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Mueller Water Products, Inc.
Traded as NYSE: MWA
Industry Water infrastructure
Headquarters Atlanta, Georgia, United States
Area served
North America
Key people
  • Scott Hall (President and CEO)
  • Evan L. Hart (Chief Financial Officer)
  • Robert P. Keefe (Chief Technology Officer and Chief Information Officer)
Revenue $1.138 billion (2014)
Operating income
$120.6 million (2016)
Net income
$63.9 million (2016)
Total assets $1.280 billion (2016)
Total equity $419.5 million (2016)
Number of employees
4,200
Divisions
  • Mueller Co.
  • Mueller Technologies
Website www.muellerwaterproducts.com

Mueller Water Products, Inc. (MWP) is a publicly traded company headquartered in Atlanta, Georgia. It is one of the largest manufacturers and distributors of fire hydrants, gate valves, and other water infrastructure products in North America. MWP is made up of two business units—Mueller Co. and Mueller Technologies—that oversee more than a dozen brands and affiliates, including Echologics and Mueller Systems.

Mueller Water Products was incorporated as a standalone business on September 22, 2005, but the company traces the history of its business units, subsidiaries and brands back as far as 1857, when the forerunner to Mueller Co. was founded by Hieronymus Mueller in Decatur, Illinois. Providence Steam and Gas Pipe became General Fire Extinguisher Co. in 1892 after merging with several sprinkler manufacturers, and was later renamed Grinnell Co. in 1919, after the company's president, Frederick Grinnell. In 1899, 12 companies incorporated as United States Cast Iron Pipe and Foundry Company, which would later be known as U.S. Pipe after dropping "cast iron" from the company name in 1929. Grinnell Co. became known as Anvil International in 2000.

Jim Walter Corporation acquired U.S. Pipe in 1969, and in 2005, it acquired Mueller Co. and Anvil International. The three businesses were combined to form Mueller Water Products. The combined entity was then spun off as the publicly held Mueller Water Products, Inc. in 2006, moving its headquarters from the company's birthplace of Decatur, Illinois, to Atlanta, Georgia. Initially, MWP operated with three business units—Mueller Co., Anvil International, and U.S. Pipe. However, in 2012 Mueller Water Products divested U.S. Pipe to Wynnchurch Capital, Ltd., retaining only the valve and hydrant division, which now operates under the Mueller Co. business unit. Early in 2017 Mueller Water Products sold its Anvil International division to One Equity Partners and also completed the acquisition of Singer Valve, a manufacturer of automatic control valves.

Mueller Water Products is a publicly traded company governed by a board of 10 directors, including former Atlanta Mayor Shirley Franklin. It is divided into two business units—Mueller Co. and Mueller Technologies. Each of these units oversees several related brands and subsidiaries.

Mueller Co. is one of the largest North American manufacturers of valves and fire hydrants. It oversees several brands and subsidiaries that specialize in valves, fittings, utility meters, water infrastructure, leak detection, and pipe condition assessment.

Mueller Water Products and its subsidiaries view Sustainability as an integral business practice. MWP utilizes various processes and has instituted a number of corporate policies to encourage conservation and sustainability in its manufacturing and service offerings.

In 2014, The Company's Board of Directors formed the Environment, Health & Safety Committee to continue to challenge their moves towards Smart Sustainability. The Environment, Health & Safety Committee encourages and oversees programs and initiatives that demonstrate sound environmental stewardship and the Corporation’s progress on sustainability practices.

As an industry leader, MWP recognizes that these responsibilities not only address their commitment to their employees and their plant sites, but it also extends to other stakeholders, including customers and the communities in which they operate.

MWP is the only manufacturer of valves and hydrants that utilizes the lost-foam casting process, which reduces the amount of required materials for casting and reduces the amount of waste and emissions generated by the casting process. Mueller Co. offers all of its waterworks brass products in low-lead varieties. MWP utilizes Key Performance Indicators (KPIs) and establish KPI targets in order to track and drive sustainability results. They track performance KPIs in Energy, Water Conservation, Gas, and Solid Waste. MWP is also a member of the U.S. Green Building Council. and the EPA's Energy Star program.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2022 2022-11-07 Future report Set alerts
Q3 2022 2022-08-04 0.19 0.19
Q2 2022 2022-05-02 0.15 0.15
Q1 2022 2022-02-03 0.13 0.13
Q4 2021 2021-11-08 0.12 0.12
Q3 2021 2021-08-04 0.18 0.18
Q2 2021 2021-05-03 0.14 0.14
Q1 2021 2021-02-03 0.11 0.11
Q4 2020 2020-11-09 0.00 0.00
Q3 2020 2020-08-05 0.11 0.07

Ratings

2016-06-02 Reiterated Rating Oppenheimer Buy $12.00 to $13.00
2016-06-02 Reiterated Rating Oppenheimer Holdings Inc. Buy $12.00 to $13.00
2016-05-16 Reiterated Rating Sterne Agee CRT Neutral
2016-04-28 Boost Price Target Wedbush Outperform $12.00 to $12.50
2016-04-28 Boost Price Target RBC Capital Outperform $11.00 to $12.00
2016-04-28 Upgrade Seaport Global Securities Speculative Buy to Buy
2016-04-28 Reiterated Rating Oppenheimer Buy
2016-04-28 Boost Price Target Royal Bank Of Canada Outperform $11.00 to $12.00
2016-04-19 Initiated Coverage Northcoast Research Neutral
2016-02-05 Lower Price Target Wedbush Outperform $13.00 to $12.00
2016-02-05 Boost Price Target DA Davidson Neutral $9.50
2016-01-11 Initiated Coverage Janney Montgomery Scott Buy $10.00
2015-04-15 Reiterated Rating Wedbush Buy
2015-04-09 Boost Price Target Northland Securities Outperform $10.00 to $10.50
2015-04-01 Initiated Coverage Oppenheimer Outperform $12.00
2015-02-05 Set Price Target Brean Capital Buy $12.00
2015-02-05 Upgrade Gabelli Hold to Buy
2015-02-05 Lower Price Target Northland Securities Outperform $12.00 to $10.00
2015-01-28 Initiated Coverage Boenning Scattergood Outperform $12.00
2015-01-08 Upgrade Cowen and Company Market Perform to Outperform $8.00 to $12.50
2015-01-05 Upgrade Northland Securities Market Perform to Outperform $11.00 to $12.00
2014-12-15 Downgrade Macquarie Outperform to Neutral $10.00
2014-11-26 Reiterated Northland Capital Market Perform $10 to $11
2014-11-26 Boost Price Target Northland Securities Market Perform $10.00 to $11.00
2014-10-30 Downgrade DA Davidson Buy to Neutral $11.00
2014-08-05 Upgrade Brean Capital Hold to Buy $10.00
2014-07-08 Initiated Coverage Northland Securities Market Perform $9.00
2014-06-27 Initiated Gabelli & Co Hold $9.75
2014-06-27 Initiated Coverage Gabelli Hold $9.75
2014-03-10 Boost Price Target BB&T Corp. $12.00
2013-12-26 Reiterated Rating Macquarie Outperform $26.00
2013-11-19 Initiated Coverage Cowen and Company Market Perform $8.40
2013-11-11 Upgrade Goldman Sachs Sell to Neutral $6.40 to $9.00
2013-11-01 Boost Price Target RBC Capital Outperform $9.00 to $10.00
2013-10-31 Boost Price Target DA Davidson Buy $9.00 to $11.00
2013-10-07 Initiated Coverage Ned Davis Research Neutral
2013-02-07 Upgrade BB&T Capital Mkts Hold to Buy $8
2012-11-02 Downgrade Brean Capital Buy to Hold
2012-07-09 Upgrade Brean Murray Hold to Buy $5.10
2011-02-02 Downgrade Brean Murray Buy to Hold $6.50
2010-08-09 Downgrade RBC Capital Mkts Outperform to Sector Perform $8 to $4
2010-08-05 Downgrade Robert W. Baird Outperform to Neutral $6 to $5
2010-05-06 Reiterated Brean Murray Buy $8 to $6.25
2009-08-20 Upgrade BB&T Capital Mkts Hold to Buy
2008-06-18 Upgrade Robert W. Baird Neutral to Outperform $9 to $12
2016-06-02 Reiterated Rating Oppenheimer Buy $12.00 to $13.00
2016-06-02 Reiterated Rating Oppenheimer Holdings Inc. Buy $12.00 to $13.00
2016-05-16 Reiterated Rating Sterne Agee CRT Neutral
2016-04-28 Boost Price Target Wedbush Outperform $12.00 to $12.50
2016-04-28 Boost Price Target RBC Capital Outperform $11.00 to $12.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
HYLAND GREGORY E Chairman, President and CEO 0.64%  (1017107) FOE / MWA /
Rogowski Gregory President, Mueller Co. 0.19%  (295833) MWA /
TOKARZ MICHAEL T 0.18%  (286020) CNO / EQS / IEX / MVC / MWA / WAC / WLT /
Fish Thomas E President, Anvil 0.17%  (265657) MWA /
ZAKAS MARIETTA EDMUNDS SVP, Strat, Corp Dev and Comm 0.14%  (219562) MWA /
Belknap Keith L Jr SVP, General Counsel and Secy 0.12%  (185583) BZH / MWA /
MCHUGH KEVIN Vice President and Controller 0.09%  (149383) MWA /
Dunn Robert D. SVP - Human Resources 0.09%  (148254) MWA /
HART EVAN SVP and CFO 0.09%  (145530) MWA /
LEONARD JOSEPH B 0.07%  (116141) MWA / WLT /
SPRINGER NEIL A 0.05%  (80108) MWA /
HALL J SCOTT President and CEO 0.03%  (51917) MWA /
CLARK HOWARD LONGSTRETH JR 0.01%  (22931) MTBC / MWA /
HANSEN THOMAS J 0.01%  (22639) MWA / SXI / TEX /
OBRIEN MARK J 0.01%  (22639) MWA / WAC /
THOMAS LYDIA W 0.01%  (22639) CBT / MWA /
FRANKLIN SHIRLEY C. 0.01%  (22639) DAL / MWA /
RETHORE BERNARD G 0.01%  (22639) DOV / MWA / WLT /
KOLB JERRY W 0.01%  (22639) MWA / WLT /
KEEFE ROBERT PAUL SVP and CTO 0.01%  (21054) MWA /