Mueller Water Products former executive sells $4.86 million in stock

ATLANTA—Steven S. Heinrichs, the former Executive Vice President, Chief Financial Officer, Chief Legal Officer, and Chief Compliance Officer of Mueller Water Products, Inc. (NYSE:MWA), executed several stock transactions on March 5, 2025. Heinrichs sold shares totaling approximately $4.86 million. The sales were conducted at prices ranging from $24.8772 to $24.93 per share, near the stock’s current trading price of $25.05. According to InvestingPro analysis, MWA is currently trading close to its Fair Value, following a remarkable 61% gain over the past year.

In addition to the stock sales, Heinrichs also exercised stock options, acquiring shares with a total value of approximately $1.58 million. These transactions occurred at prices between $11.41 and $13.64 per share. The company has demonstrated strong financial performance, with InvestingPro data showing a healthy 11.9% revenue growth in the last twelve months.

These transactions were part of a Rule 10b5-1 trading plan adopted by Heinrichs in December 2024. Following these transactions, Heinrichs retains ownership of 11,398.651 shares, which includes shares acquired under the Employee Stock Purchase Plan. For deeper insights into MWA’s valuation and performance metrics, including 12 additional ProTips and comprehensive analysis, visit InvestingPro.

In other recent news, Mueller Water Products has announced several significant developments. The company held its annual meeting where shareholders approved key proposals, including the election of nine directors and the ratification of Ernst & Young LLP as the independent auditors for fiscal 2025. Additionally, shareholders endorsed the executive compensation plan and approved amendments to the Employee Stock Purchase Plan and Stock Incentive Plan. In financial news, Mueller Water Products declared a quarterly dividend of $0.067 per share, payable to shareholders on record by February 10, 2025.

Furthermore, RBC Capital Markets highlighted Mueller Water Products for its notable performance in 2024, citing a 72% year-to-date stock increase after successfully ramping up its new brass foundry. The company also amended the employment terms of its CEO, Marietta Edmunds Zakas, altering severance benefits and maintaining her current compensation structure. These recent developments reflect Mueller Water Products’ ongoing strategic initiatives and commitment to shareholder value.

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