WATER SECTOR L.T.P.

As USA dangles funding for water infrastructure projects, MWA surges. Water Sector LTP initiated coverage of Mueller Water Products, Inc. (NYSE:MWA) on 10/8/25 when the stock closed at $25.81.   MWA’s stock price hit a five-year low on 9/19/22, at $10.04. Then MWA gradually rose to its all-time high on 3/19/25 at $28.24. In the past seven months it has settled back to $25.85 (today is 10/22/25).   Company With headquarters in Atlanta, MWA is a manufacturer and marketer of pr

Primo boosted by BlueTriton’s sales, saddled with BlueTriton’s burdens.   Water Sector LTP initiated coverage of Primo Brands Corporation (NYSE:PRMB) on 9/22/25 when the stock price was $22.26.   Since PRMB’s one-year high, at $35.63 on 4/3/25, the stock has fallen by 38%, to $21.95 on 10/7/25. Is this a dip-buying opportunity? To answer that question, we must examine the company’s big merger less than a year ago.   In November 2024, Tampa-based Primo Water and Stamford-based

Will Watts Water momentum overcome headwinds? Water Sector LTP initiated coverage of Watts Water Technologies, Inc. (NYSE:WTS) on 9/10/25 when the stock price closed at $278.47.   On the day of its IPO, 8/21/86, WTS closed at $8.19 and has gained rather steadily over 39 years since, except for a short period of volatility from around October 2021 to late 2022. The stock has returned 18% on an annual basis over the past decade [source: Dividend Yield Theorist].   The upward cu

Will water infrastructure spending cuts hurt BMI stock? Water Sector LTP initiated coverage of Badger Meter, Inc. (NYSE:BMI), on 8/27/25 when the stock price was $188.40.   BMI’s all-time high was $248.22 on 5/30/25. BMI stock closed at $245.22 on 7/21/25. The next day, BMI released a downbeat quarterly earnings (with especially disappointing earnings per share), and the stock price fell precipitously over the next two days to $189.22. The stock price today, at the close of 9

WMS thrives in a 'tepid' market, so far. Water Sector LTP initiated coverage of Advanced Drainage Systems, Inc. (NYSE:WMS) on 8/11/25 when the price was $131.11.   WMS’s all-time high price was $174.48 on 7/26/24, about a year ago. Then the stock declined and closed at $101.10 on 4/4/25, but rebounded to $147.29 as of the day of this report, 8/23/25.   Company With headquarters near Columbus, Ohio, WMS manufactures water drainage products, including plastic pipes (polypropyle

What is driving CNM's growth besides M&A? In the past 2.5 years the stock price of Core & Main, Inc. (NYSE:CNM), has increased dramatically, from an all-time low of $19.16 on 12/23/22 to an all-time high of $65.77 on 7/25/25. (CNM completed its IPO on 7/23/21, when the stock closed at $23.70.)   A major driver of CNM’s growth has been acquisitions. Since August 2017, Core & Main has acquired 42 companies. In 2024 alone, CNM acquired 11 companies at a cost of over $740 millio

Can Pentair's Strong Momentum Endure? Water Sector LTP initiated coverage of Pentair plc (NYSE:PNR) on 7/17/25 when the price was $106.70. On this date of publication, 7/26/27, the price is $103.08. PNR’s price has risen dramatically in the past three years, from $39.62 on 10/21/22 to $103.16 today. I don’t think it can maintain that sort of momentum in this climate of disruptions to trade relationships and general economic incompetence in the Trump White House. But PNR is p

Xylem Inc. Propelled by Innovation and Global Demand. Water Sector LTP initiated coverage of Xylem, Inc. (NYSE:XYL) on 7/1/25, when the stock price was $131.00. On 7/9/25, the day before this report was published, the stock closed at $131.60. Xylem designs, manufactures, and services industrial machinery, supplies, software, and components for freshwater measurement, monitoring, testing, control, treatment, transport, and storage applications. XYL’s customers are in about 100