Mueller Water Products director Ortiz sells $13,161 in shares
Mueller Water Products director Ortiz sells $13,161 in shares
Christine Ortiz, a director at Mueller Water Products, Inc. (NYSE:MWA), sold shares of the company’s common stock on September 1, 2026. The transaction involved the sale of 550 shares at a price of $23.93 per share, totaling $13,161. The sale comes as MWA trades near its 52-week low of $22.74, with the stock down 20% over the past six months.
Following this sale, Ortiz directly holds 30,274 shares of Mueller Water Products common stock. The sale was executed pursuant to a Rule 10b5-1 trading plan, which Ortiz adopted on June 1, 2026.According to InvestingPro analysis, MWA appears undervalued at current levels. The company has raised its dividend for 11 consecutive years, demonstrating financial stability. Investors seeking deeper insights can access MWA’s comprehensive Pro Research Report, along with 8 additional ProTips, exclusively on InvestingPro.
In other recent news, Mueller Water Products reported fiscal third-quarter results that exceeded Wall Street expectations. The company achieved adjusted earnings of $0.50 per share, surpassing analysts’ projections of $0.39 per share. Revenue for the quarter reached $395.9 million, also above the anticipated $391.89 million. Management noted that the quarter set records for sales, adjusted EBITDA, and adjusted earnings, while also raising full-year EBITDA guidance. These developments highlight a strong performance for Mueller Water Products in the recent quarter.