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ATLANTA—Mueller Water Products, Inc. (NYSE:MWA) recently saw a significant stock transaction by its former director, Lydia W. Thomas. According to a recent SEC filing, Thomas sold 17,092 shares of Mueller Water Products’ common stock on March 11, 2025. The shares were sold at an average price of $26.77, generating a total of $457,619. The transaction comes as the stock trades near its 52-week high of $28.25, having delivered an impressive 70.7% return over the past year, according to InvestingPro data.
Following this transaction, Thomas retains ownership of 126,689 shares in the company. The sales were executed across multiple transactions, with share prices ranging from $26.76 to $26.80.
Mueller Water Products, a prominent player in the fabricated metal products industry, is headquartered in Atlanta, Georgia.
In other recent news, Mueller Water Products has announced a quarterly dividend of $0.067 per share, payable to shareholders on record by February 10, 2025, with distribution expected around February 21, 2025. This move is part of the company’s continued commitment to delivering returns to its investors. Additionally, shareholders have shown strong support for the company’s governance, approving several key proposals during the annual meeting, including the election of nine directors and the ratification of Ernst & Young LLP as the independent auditors for fiscal 2025. These approvals reflect confidence in the company’s strategic direction.
In another development, Mueller Water Products has amended the employment terms for CEO Marietta Edmunds Zakas, focusing on severance benefits related to a Change-in-Control. The adjustments ensure that Zakas maintains her current compensation structure, which includes a base salary of at least $900,000 and other incentives. Furthermore, RBC Capital Markets has highlighted Mueller Water Products as a company with positive momentum in 2024, noting its successful ramp-up of a new brass foundry and high service brass demand.
These developments provide insight into the company’s operational and strategic initiatives. The recent shareholder approvals and CEO contract amendments underscore the company’s governance and leadership stability. Investors and analysts are likely to monitor these factors closely as they consider Mueller Water Products’ future prospects.
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