Mueller Water Products (NYSE:MWA) Sees Price Target Increase Amid Strong Financial Performance and Raised Guidance

Font: Financial Modeling Prep  • May 07, 2026

• An analyst from Goldman Sachs raised the price target for Mueller Water Products to $29.00, indicating a potential upside of 6.85%.
• Mueller Water Products reported strong second-quarter earnings of $0.40 per share, beating estimates, and revenues of $384.40 million.
• The company raised its annual guidance for fiscal 2026 Adjusted EBITDA, signaling continued robust financial health.

Mueller Water Products (NYSE:MWA) is a leading manufacturer of products and services used in the transmission, distribution, and measurement of water in North America. The company's main products include fire hydrants, pipes, and various types of water valves, which are essential components for public water and wastewater systems, highlighting its critical role in water infrastructure.

On May 6, 2026, an analyst from Goldman Sachs increased the price target for Mueller Water Products to $29.00. At the time, the stock was priced at $27.14, meaning the new target represents a potential upside of about 6.85%. This positive outlook reflects confidence in the company's future stock performance and investment potential.

This analyst rating follows a strong financial report. As highlighted by Zacks, Mueller Water Products announced second-quarter earnings of $0.40 per share, which beat the consensus estimate of $0.38 per share. The company also reported revenues of $384.40 million for the quarter, surpassing analyst expectations and improving from $364.30 million a year ago, demonstrating robust revenue growth.

According to a report from GlobeNewswire, the company's net sales saw a 5.5% increase from the same quarter in the previous year. Adjusted net income per diluted share, which excludes certain one-time expenses to show core profitability, grew by 17.6% to $0.40. Adjusted EBITDA also increased by 15% to $97.20 million, showcasing strong profitability metrics.

Following these results, Mueller Water Products raised its annual guidance for fiscal 2026 Adjusted EBITDA. EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization and is a common measure of a company's financial health. This update signals that the company expects its strong business performance to continue, reinforcing its investment appeal.