MWA Mueller Water Products, Inc.

Did the company actually spend money buying back stock in 3+ of the last 4 quarters?

Bought back stock in only 1/4 quarters. Q2 2026: $5M, Q1 2026: $0M, Q3 2025: $0M, Q3 2024: $0M

Is the most recent quarter's buyback spend more than 15% above the trailing average?

New buyback activity: $5M after no prior spending

What percentage of free cash flow is going to buybacks? Bull: 30%+. Bear: negative FCF or no buybacks.

Buyback $5M / FCF $20M = 24% of FCF

How fast are they shrinking the float? Bull: 2%+ annually. Bear: under 0.5%.

Missing shares repurchased or outstanding data

Are officers and directors buying stock with their own money on the open market?

5 open-market purchases by 2 insiders

• SENGSTACK GREGG C () bought 25,000 shares at $29.58 on 2026-02-25
• Healy Brian C. () bought 1,125 shares at $24.41 on 2026-01-07
• Healy Brian C. () bought 1,070 shares at $25.78 on 2025-10-07
• Healy Brian C. () bought 1,110 shares at $24.74 on 2025-07-07
• Healy Brian C. () bought 1,085 shares at $25.32 on 2025-05-16

Are both company buybacks and insider buying independently active? Bull when the company is buying back stock in 2+ quarters and insiders have made 2+ open-market purchases.

5 insider purchases but company buybacks inactive

Over the last 90 days, are insiders net buyers or net sellers on the open market?

Insiders bought $1M, sold $1M in the last 90 days (net buying)

Active buyback + insiders net selling 3x+ more than buying. Company cash may be supporting price while insiders exit.

No buyback-insider divergence detected