MWA MUELLER WATER PRODUCTS Common Stock
$24.72
Price · Aug 18, 2026
Fundamentals as of Aug 6, 2026
52W Range
$23–$31
24% of range
Analyst Rating
BUY
11 analysts
Price Target
$31
+25% upside
P/E (TTM)
20.3
ROE
20.7%
Net Profit Margin
13.4%
About MUELLER WATER PRODUCTS Common Stock Company overview from Wikipedia
Mueller Water Products, Inc. (MWP) is a publicly traded company headquartered in Atlanta, Georgia. It is one of the largest manufacturers and distributors of fire hydrants, gate valves, and other water infrastructure products in North America. MWP is made up of two business units—Mueller Co. and Mueller Technologies—that oversee more than a dozen brands and affiliates, including Echologics and Mueller Systems.
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Mueller Water Products, Inc. (MWP) is a publicly traded company headquartered in Atlanta, Georgia. It is one of the largest manufacturers and distributors of fire hydrants, gate valves, and other water infrastructure products in North America. MWP is made up of two business units—Mueller Co. and Mueller Technologies—that oversee more than a dozen brands and affiliates, including Echologics and Mueller Systems.
History
Mueller Water Products was incorporated as a standalone business on September 22, 2005, but the company traces the history of its business units, subsidiaries and brands back as far as 1857, when the forerunner to Mueller Co. was founded by Hieronymus Mueller in Decatur, Illinois. Providence Steam and Gas Pipe became General Fire Extinguisher Co. in 1892 after merging with several sprinkler manufacturers, and was later renamed Grinnell Co. in 1919, after the company's president, Frederick Grinnell. In 1899, 12 companies incorporated as United States Cast Iron Pipe and Foundry Company, which would later be known as U.S. Pipe after dropping "cast iron" from the company name in 1929. Grinnell Co. became known as Anvil International in 2000.
Jim Walter Corporation acquired U.S. Pipe in 1969, and in 2005, it acquired Mueller Co. and Anvil International. The three businesses were combined to form Mueller Water Products. The combined entity was then spun off as the publicly held Mueller Water Products, Inc. in 2006, moving its headquarters from the company's birthplace of Decatur, Illinois, to Atlanta, Georgia. Initially, MWP operated with three business units—Mueller Co., Anvil International, and U.S. Pipe. However, in 2012 Mueller Water Products divested U.S. Pipe to Wynnchurch Capital, Ltd., retaining only the valve and hydrant division, which now operates under the Mueller Co. business unit. Early in 2017 Mueller Water Products sold its Anvil International division to One Equity Partners and also completed the acquisition of Singer Valve, a manufacturer of automatic control valves.
Organization
Structure
Mueller Water Products is a publicly traded company governed by a board of 10 directors, including former Atlanta Mayor Shirley Franklin. It is divided into two Reporting Segments— Infrastructure Products and Technologies Products. Each of these units oversees several related brands and subsidiaries.
Mueller Co.
Mueller Co. is one of the largest North American manufacturers of valves and fire hydrants. It oversees several brands and subsidiaries that specialize in valves, fittings, utility meters, water infrastructure, leak detection, and pipe condition assessment.
Sustainability
MWP is the only manufacturer of valves and hydrants that utilizes the lost-foam casting process, which reduces the amount of required materials for casting and reduces the amount of waste and emissions generated by the casting process. Mueller Co. offers all of its waterworks brass products in low-lead varieties. MWP utilizes Key Performance Indicators (KPIs) and establish KPI targets in order to track and drive sustainability results. They track performance KPIs in Energy, Water Conservation, Gas, and Solid Waste. MWP is also a member of the U.S. Green Building Council. and the EPA's Energy Star program.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
MWA Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$24.72
Market Cap
$3.86B
P/E (TTM)
20.3
EPS (TTM)
$1.22
Revenue (TTM)
$1.43B
Div Yield
1.1%
ROE
20.7%
Debt/Equity
0.5
52W Range
$23 – $31
MWA Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$1.43B
2016-09-30
→
2025-09-30
EPS
$1.22
2016-09-30
→
2025-09-30
Free Cash Flow
$172M
2016-09-30
→
2025-09-30
Margins
13.4%
2016-09-30
→
2025-09-30
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
MWA
Peer Median
P/E (TTM)
20.3
33.3
P/S (TTM)
2.7
2.4
P/B
3.9
3.2
Price / FCF
22.5
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
MWA
Peer Median
Gross Margin
36.1%
37.6%
Operating Margin
18.2%
—
Net Profit Margin
13.4%
7.2%
ROA
11.0%
4.8%
ROE
20.7%
10.6%
ROIC
13.7%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
MWA
Peer Median
Debt / Equity
0.5
—
Current Ratio
3.5
2.5
Quick Ratio
0.7
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
MWA
Peer Median
Revenue YoY
8.8%
—
Revenue CAGR 3Y
4.7%
—
Revenue CAGR 5Y
8.2%
—
EPS YoY
64.9%
—
Net Income YoY
65.4%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
MWA
Peer Median
Payout Ratio
21.9%
—
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
1.1%
Payout Ratio
21.9%
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| Aug. 10, 2026 | $0.0700 |
| May 11, 2026 | $0.0700 |
| Feb. 10, 2026 | $0.0700 |
| Nov. 10, 2025 | $0.0700 |
| Aug. 12, 2025 | $0.0670 |
| May 12, 2025 | $0.0670 |
| Feb. 10, 2025 | $0.0670 |
| Nov. 8, 2024 | $0.0670 |
| Aug. 9, 2024 | $0.0640 |
| May 9, 2024 | $0.0640 |
| Feb. 8, 2024 | $0.0640 |
| Nov. 8, 2023 | $0.0640 |
| Aug. 9, 2023 | $0.0610 |
| May 9, 2023 | $0.0610 |
| Feb. 9, 2023 | $0.0610 |
| Nov. 9, 2022 | $0.0610 |
| Aug. 9, 2022 | $0.0580 |
| May 9, 2022 | $0.0580 |
| Feb. 9, 2022 | $0.0580 |
| Nov. 9, 2021 | $0.0580 |
MWA Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
11 analysts
- Strong Buy 2 18.2%
- Buy 4 36.4%
- Hold 4 36.4%
- Sell 1 9.1%
- Strong Sell 0 0.0%
12-Month Price Target
6 analysts · 2026-08-13
Median
$31.00
← Below all targets
$24.72
Low
$25.00
High
$35.00
Median target
$31.00
+25.4%
Mean target
$31.00
+25.4%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.04%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.50 | $0.40 | 0.10% |
| March 31, 2026 | $0.40 | $0.38 | 0.02% |
| Dec. 31, 2025 | $0.29 | $0.27 | 0.02% |
| Sept. 30, 2025 | $0.38 | $0.34 | 0.04% |
| June 30, 2025 | $0.34 | $0.34 | -0.00% |
| March 31, 2025 | $0.34 | $0.31 | 0.03% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| MWA | $3.99B | 20.9 | 8.8% | 13.4% | 20.7% | 36.1% |
| ESAB | $6.78B | 30.4 | 3.7% | 8.0% | 11.5% | 36.9% |
| ALH | $4.02B | 36.3 | 13.3% | 5.9% | 94.4% | 37.6% |
| CECO | $2.13B | 43.7 | 0.00% | 6.7% | 17.7% | 35.9% |
| FELE | $4.22B | 29.7 | 5.4% | 6.9% | 11.4% | 35.5% |
| SXI | $4.31B | 41.3 | 12.8% | 11.7% | 14.4% | 41.7% |
| KAI | $4.19B | 33.1 | -0.11% | 9.7% | 11.2% | — |
| SPXC | $9.98B | 39.8 | 14.2% | 10.8% | 12.9% | — |
| WOR | $2.76B | 18.1 | 19.7% | 11.3% | 15.9% | 27.4% |
| HLIO | $1.81B | 37.7 | 4.1% | 5.8% | 5.2% | 32.3% |
| KMT | — | 7.9 | 19.8% | 14.5% | 24.0% | 41.2% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 16
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.43B | $1.31B | $1.28B | $1.25B | $1.11B | $964M | $968M | $916M | $826M | $801M | $793M | $1.18B | |
| Cost of Revenue | $913M | $856M | $896M | $883M | $752M | $636M | $647M | $626M | $558M | $532M | $547M | $837M | |
| Gross Profit | $517M | $459M | $380M | $364M | $358M | $328M | $321M | $290M | $268M | $269M | $246M | $348M | |
| R&D Expense | $20M | $20M | $26M | $24M | $17M | $15M | $14M | $12M | $12M | $10M | $12M | $14M | |
| SG&A Expense | $247M | $245M | $242M | $239M | $219M | $198M | $183M | $167M | $155M | $150M | $147M | $221M | |
| Operating Expenses | $256M | $277M | $252M | $253M | $227M | $211M | $197M | $168M | $166M | $157M | $167M | $224M | |
| Operating Income | $261M | $182M | $127M | $112M | $132M | $117M | $124M | $122M | $102M | $112M | $80M | $124M | |
| Interest Expense | $20M | $22M | $18M | $18M | $24M | $27M | $23M | $25M | $24M | $24M | $28M | $50M | |
| Pretax Income | $254M | $163M | $109M | $99M | $95M | $94M | $82M | $96M | · | · | · | $74M | |
| Income Tax | $62M | $48M | $24M | $22M | $24M | $22M | $18M | $-10M | $24M | $24M | $8M | $18M | |
| Net Income | $192M | $116M | $86M | $77M | $70M | $72M | $64M | $106M | $123M | $64M | $31M | $56M | |
| EPS (Basic) | $1.23 | $0.74 | $0.55 | $0.49 | $0.44 | · | $0.40 | $0.67 | $0.77 | $0.40 | $0.19 | $0.35 | |
| EPS (Diluted) | $1.22 | $0.74 | $0.55 | $0.48 | $0.44 | · | $0.40 | $0.66 | $0.76 | $0.39 | $0.19 | $0.34 | |
| Shares (Basic) | 156,400,000 | 155,900,000 | 156,300,000 | 157,400,000 | 158,400,000 | 157,800,000 | 157,800,000 | 158,200,000 | 160,100,000 | 161,300,000 | 160,500,000 | 159,200,000 | |
| Shares (Diluted) | 157,500,000 | 156,900,000 | 156,800,000 | 158,000,000 | 159,200,000 | 158,600,000 | 159,000,000 | 159,700,000 | 161,800,000 | 163,400,000 | 163,200,000 | 162,200,000 | |
| EBITDA | $308M | $248M | $190M | $172M | $191M | $175M | $177M | $165M | $143M | $173M | $168M | $181M |
Balance Sheet 28
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | · | · | · | · | $228M | $209M | $177M | $347M | $362M | $195M | $362M | $161M | |
| Receivables | $212M | $209M | $217M | $228M | $212M | $181M | $173M | $164M | $145M | $132M | $175M | $182M | |
| Inventory | $329M | $302M | $298M | $279M | $185M | $162M | $191M | $157M | $139M | $131M | $219M | $198M | |
| Other Current Assets | $57M | $38M | $32M | $27M | $29M | $29M | $26M | $18M | $24M | $13M | $14M | $28M | |
| Current Assets | $1.03B | $858M | $707M | $680M | $654M | $581M | $567M | $686M | $670M | $612M | $550M | $607M | |
| PP&E (Net) | $336M | $319M | $312M | $302M | $283M | $254M | $217M | $151M | $122M | $108M | $149M | $146M | |
| PP&E (Gross) | $784M | $729M | $686M | $654M | $608M | $550M | $485M | $395M | $350M | $319M | $460M | $439M | |
| Accum. Depreciation | $448M | $410M | $375M | $352M | $324M | $296M | $268M | $244M | $228M | $211M | $311M | $293M | |
| Goodwill | $89M | $81M | $94M | $99M | $115M | $100M | $96M | $12M | $13M | $5M | $5M | $5M | |
| Intangibles | $307M | $310M | $334M | $361M | $392M | $409M | $434M | $408M | $439M | $435M | $507M | $534M | |
| Other Non-current Assets | $78M | $68M | $59M | $57M | $73M | $51M | $24M | $35M | $26M | $25M | $24M | $25M | |
| Total Assets | $1.84B | $1.64B | $1.50B | $1.50B | $1.52B | $1.40B | $1.34B | $1.29B | $1.26B | $1.28B | $1.23B | $1.31B | |
| Accounts Payable | $134M | $110M | $103M | $123M | $92M | $67M | $85M | $90M | $82M | $74M | $99M | $116M | |
| Accrued Liabilities | $155M | $147M | $115M | $117M | $127M | $87M | $93M | $76M | $54M | · | · | · | |
| Current Liabilities | $290M | $258M | $219M | $241M | $220M | $155M | $178M | $167M | $142M | $186M | $168M | $244M | |
| Capital Leases | $22M | $22M | $20M | $22M | $25M | $23M | $0 | · | · | · | · | · | |
| Deferred Tax | · | · | · | · | · | · | $88M | $79M | $115M | $110M | $145M | $150M | |
| Other Non-current Liabilities | $66M | $64M | $54M | $55M | $62M | $56M | $33M | $36M | $37M | $86M | $66M | $71M | |
| Total Liabilities | $857M | $826M | $794M | $829M | $823M | $754M | $745M | $727M | $769M | $861M | $862M | $961M | |
| Long-term Debt | $452M | $450M | $447M | $452M | $452M | $452M | $452M | $452M | $486M | $491M | $496M | $546M | |
| Total Debt | $452M | $450M | $447M | $447M | $447M | $448M | $446M | $445M | $481M | $485M | $489M | $546M | |
| Common Stock | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | |
| Paid-in Capital | $1.16B | $1.21B | $1.24B | $1.28B | $1.34B | $1.38B | $1.41B | $1.44B | $1.49B | $1.56B | $1.57B | $1.58B | |
| Retained Earnings | $-174M | $-366M | $-482M | $-567M | $-644M | $-714M | $-786M | $-850M | $-956M | $-1.08B | $-1.14B | $-1.17B | |
| AOCI | $-5M | $-31M | $-49M | $-45M | $-5M | $-25M | $-36M | $-33M | $-52M | $-68M | $-67M | $-61M | |
| Stockholders' Equity | $982M | $810M | $712M | $669M | $695M | $641M | $590M | $563M | $488M | $418M | $366M | $350M | |
| Liabilities + Equity | $1.84B | $1.64B | $1.50B | $1.50B | $1.52B | $1.40B | $1.34B | $1.29B | $1.26B | $1.28B | $1.23B | $1.31B | |
| Shares Outstanding | 156,331,004 | 156,227,170 | 155,871,932 | 155,844,138 | 157,955,433 | 158,064,750 | 157,462,140 | 157,332,121 | 158,590,383 | 161,693,051 | 160,497,841 | 157,332,121 |
Cash Flow 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $47M | $66M | $62M | $60M | $60M | $58M | $53M | $44M | $42M | $40M | $43M | $57M | |
| Stock-based Comp | $11M | $9M | $8M | $9M | $8M | $5M | $4M | $5M | $6M | $5M | $4M | $9M | |
| Deferred Tax | $-7M | $-22M | $-14M | $-4M | $-5M | $7M | $1M | $-43M | $-6M | $-7M | $5M | $16M | |
| Restructuring | $9M | $16M | $10M | $7M | $5M | $5M | $7M | · | · | · | $9M | $3M | |
| Other Non-cash | $-23M | $69M | $-33M | $-90M | $24M | $-2M | $-30M | $22M | $-106M | $31M | $-13M | $11M | |
| Operating Cash Flow | $219M | $239M | $109M | $52M | $157M | $140M | $92M | $133M | $59M | $114M | $58M | $148M | |
| CapEx | $47M | $47M | $48M | $55M | $63M | $68M | $87M | $56M | $41M | $32M | $27M | $37M | |
| Investing Cash Flow | $-47M | $-47M | $-42M | $-55M | $-82M | $-68M | $-212M | $-48M | · | · | · | · | |
| Stock Issued | $5M | $8M | $3M | $2M | $2M | $4M | $5M | $7M | $6M | $3M | $3M | $4M | |
| Stock Repurchased | $15M | $10M | $10M | $35M | $10M | $5M | $10M | $30M | $55M | $0 | $5M | $0 | |
| Net Stock Activity | $-10M | $-2M | $-7M | $-33M | $-8M | $-2M | $-5M | $-23M | $-49M | $3M | $-2M | $4M | |
| Dividends Paid | $42M | $40M | $38M | $36M | $35M | $33M | $32M | $30M | $24M | $16M | $12M | $11M | |
| Financing Cash Flow | $-58M | $-46M | $-49M | $-72M | $-59M | $-41M | $-51M | $-98M | · | · | · | · | |
| Net Change in Cash | $122M | $150M | $14M | $-81M | $19M | $32M | $-170M | $-15M | $167M | $82M | $-48M | $38M | |
| Taxes Paid | $69M | $74M | $38M | $27M | $17M | $15M | $29M | $11M | $32M | $27M | $4M | $3M | |
| Free Cash Flow | $172M | $191M | $61M | $-2M | $94M | $73M | $6M | $77M | $19M | $106M | $50M | $111M | |
| Levered FCF | $157M | $176M | $47M | $-16M | $76M | $52M | · | · | · | · | · | $73M |
Profitability 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 36.1% | 34.9% | 29.8% | 29.2% | 32.3% | 34.0% | 33.1% | 31.6% | 32.4% | 32.0% | 29.8% | 29.4% | |
| Operating Margin | 18.2% | 13.8% | 10.0% | 8.9% | 11.8% | 12.1% | 12.8% | 13.3% | 12.2% | 10.6% | 9.4% | 10.5% | |
| Net Margin | 13.4% | 8.8% | 6.7% | 6.1% | 6.3% | 7.5% | 6.6% | 11.5% | 14.9% | 5.6% | 2.6% | 4.7% | |
| Pretax Margin | 17.8% | 12.4% | 8.5% | 7.9% | 8.5% | 9.8% | · | · | · | · | · | 6.2% | |
| EBITDA Margin | 21.5% | 18.9% | 14.9% | 13.8% | 17.2% | 18.1% | 18.3% | 18.1% | 17.3% | 15.2% | 14.4% | 15.3% | |
| ROA | 11.0% | 7.4% | 5.7% | 5.1% | 4.8% | 5.3% | 4.9% | 8.3% | 9.7% | 5.1% | 2.4% | 4.3% | |
| ROE | 20.7% | 14.5% | 12.0% | 11.2% | 10.2% | 11.5% | 11.1% | 20.1% | 27.2% | 16.3% | 8.6% | 16.4% | |
| ROIC | 13.7% | 10.2% | 8.6% | 7.8% | 8.6% | 8.2% | · | · | · | · | · | 10.5% |
Liquidity & Solvency 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.5 | 3.3 | 3.2 | 2.8 | 3.0 | 3.7 | 3.2 | 4.1 | 4.7 | 3.3 | 3.3 | 2.6 | |
| Quick Ratio | 0.7 | 0.8 | 1.0 | 0.9 | 2.0 | 2.5 | 2.0 | 3.1 | 3.6 | 2.1 | 1.7 | 1.4 | |
| Debt / Equity | 0.5 | 0.6 | 0.6 | 0.7 | 0.6 | 0.7 | 0.8 | 0.8 | 1.0 | 1.2 | 1.3 | 1.6 | |
| LT Debt / Equity | 0.5 | 0.6 | 0.6 | 0.7 | 0.6 | 0.7 | 0.8 | 0.8 | 1.0 | 1.1 | 1.3 | 1.4 | |
| Interest Coverage | 13.0 | 8.5 | 6.9 | 6.3 | 5.5 | 4.4 | 5.3 | 4.8 | 4.2 | 5.0 | 3.9 | 2.5 |
Efficiency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.7 | 0.7 | 0.7 | 0.7 | 0.9 | 0.9 | 0.9 | |
| Inventory Turnover | 2.9 | 2.9 | 3.1 | 3.8 | 4.3 | 3.6 | 3.7 | 4.2 | 4.1 | 3.6 | 3.9 | 4.1 | |
| Receivables Turnover | 6.8 | 6.2 | 5.7 | 5.7 | 5.7 | 5.5 | 5.7 | 5.9 | 6.0 | 6.3 | 6.5 | 6.8 |
Growth Rates 9
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 8.8% | 3.1% | 2.3% | 12.3% | 15.2% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 4.7% | 5.8% | 9.8% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 8.2% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 64.9% | 34.5% | 14.6% | 9.1% | · | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | 36.5% | 18.9% | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 65.4% | 35.6% | 11.6% | 8.8% | -2.2% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 35.8% | 18.1% | 5.9% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 21.6% | · | · | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | 4.8% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $1.43B | $1.31B | $1.28B | $1.25B | $1.11B | $964M | $968M | $916M | $826M | $801M | $793M | $1.18B | |
| Net Income TTM | $192M | $116M | $86M | $77M | $70M | $72M | $64M | $106M | $123M | $64M | $31M | $56M | |
| Market Cap | $3.99B | $3.39B | $1.98B | $1.60B | $2.40B | $1.64B | $1.77B | $1.81B | $2.03B | $2.03B | $1.23B | $1.32B | |
| Enterprise Value | · | · | · | · | $2.62B | $1.88B | $2.04B | $1.91B | $2.15B | $2.32B | $1.61B | $1.71B | |
| P/E | 20.9 | 29.3 | 23.1 | 21.4 | 34.6 | 23.1 | 28.1 | 17.4 | 16.8 | 32.2 | 40.3 | 24.4 | |
| P/S | 2.8 | 2.6 | 1.5 | 1.3 | 2.2 | 1.7 | 1.8 | 2.0 | 2.5 | 2.5 | 1.5 | 1.1 | |
| P/B | 4.1 | 4.2 | 2.8 | 2.4 | 3.5 | 2.6 | 3.0 | 3.2 | 4.2 | 4.9 | 3.4 | 3.8 | |
| P / Tangible Book | 6.8 | 8.1 | 7.0 | 7.6 | 12.8 | 12.4 | · | · | · | · | · | · | |
| P / Cash Flow | 18.2 | 14.2 | 18.1 | 30.6 | 15.3 | 11.7 | 19.1 | 13.6 | 34.2 | 14.0 | 14.0 | 9.0 | |
| P / FCF | 23.2 | 17.7 | 32.2 | -666.9 | 25.6 | 22.6 | 300.0 | 23.4 | 108.0 | 19.2 | 24.4 | 11.9 | |
| EV / EBITDA | · | · | · | · | 13.7 | 10.8 | 11.5 | 11.5 | 15.1 | 13.4 | 9.6 | 9.4 | |
| EV / FCF | · | · | · | · | 27.9 | 25.9 | 345.7 | 24.7 | 114.3 | 21.9 | 31.9 | 15.4 | |
| EV / Revenue | · | · | · | · | 2.4 | 2.0 | 2.1 | 2.1 | 2.6 | 2.9 | 2.0 | 1.4 | |
| Dividend Yield | 1.1% | 1.2% | 1.9% | 2.3% | 1.5% | 2.0% | 1.8% | 1.7% | 1.2% | 0.79% | 0.98% | 0.85% | |
| Earnings Yield | 4.8% | 3.4% | 4.3% | 4.7% | 2.9% | 4.3% | 3.6% | 5.7% | 5.9% | 3.1% | 2.5% | 4.1% | |
| Payout Ratio | 21.9% | 34.4% | 44.6% | 47.6% | 49.4% | 46.0% | 50.2% | 28.5% | 19.5% | 25.2% | 38.8% | 20.2% | |
| Annual Payout | $42M | $40M | $38M | $36M | $35M | $33M | $32M | $30M | $24M | $16M | $12M | $11M |
Income Statement 15
| Metric | Trend | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $396M | $384M | $318M | $381M | $380M | $364M | $304M | $348M | $357M | $353M | $256M | $301M | $327M | $333M | $315M | $331M | |
| Cost of Revenue | $240M | $240M | $198M | $241M | $235M | $236M | $201M | $237M | $225M | $223M | $170M | $213M | $226M | $235M | $222M | $246M | |
| Gross Profit | $156M | $144M | $120M | $140M | $146M | $128M | $103M | $111M | $131M | $130M | $86M | $88M | $100M | $98M | $93M | $86M | |
| SG&A Expense | $64M | $60M | $60M | $67M | $71M | $56M | $54M | $63M | $62M | $64M | $57M | $54M | $61M | $64M | $63M | $64M | |
| Operating Expenses | $75M | $64M | $63M | $70M | $72M | $58M | $56M | $82M | $64M | $67M | $64M | $64M | $64M | $65M | $59M | $74M | |
| Operating Income | $81M | $80M | $57M | $70M | $74M | $70M | $47M | $28M | $67M | $64M | $23M | $25M | $36M | $33M | $34M | $12M | |
| Other Non-op | $-800.0K | $-2M | $-1M | · | $-2M | $-2M | $-2M | · | $-4M | $-5M | $-6M | · | $-5M | $-5M | $-5M | · | |
| Pretax Income | $80M | $79M | $56M | $69M | $72M | $68M | $46M | $24M | $63M | $59M | $17M | $21M | $31M | $28M | $29M | $9M | |
| Income Tax | $12M | $20M | $12M | $16M | $20M | $16M | $10M | $14M | $16M | $15M | $3M | $4M | $6M | $7M | $7M | $2M | |
| Net Income | $67M | $59M | $43M | $53M | $52M | $51M | $35M | $10M | $47M | $44M | $14M | $17M | $24M | $21M | $22M | $7M | |
| EPS (Basic) | $0.43 | $0.38 | $0.28 | $0.33 | $0.34 | $0.33 | $0.23 | $0.07 | $0.30 | $0.28 | $0.09 | $0.11 | $0.16 | $0.14 | $0.14 | $0.05 | |
| EPS (Diluted) | $0.43 | $0.38 | $0.27 | $0.34 | $0.33 | $0.33 | $0.22 | $0.07 | $0.30 | $0.28 | $0.09 | $0.11 | $0.16 | $0.14 | $0.14 | $0.04 | |
| Shares (Basic) | 156,300,000 | 156,400,000 | 156,300,000 | -313,000,000 | 156,500,000 | 156,600,000 | 156,300,000 | -311,800,000 | 155,700,000 | 156,000,000 | 156,000,000 | -312,800,000 | 156,400,000 | 156,300,000 | 156,400,000 | -314,500,000 | |
| Shares (Diluted) | 157,300,000 | 157,400,000 | 157,300,000 | -314,900,000 | 157,400,000 | 157,500,000 | 157,500,000 | -313,200,000 | 156,700,000 | 156,700,000 | 156,700,000 | -314,300,000 | 157,200,000 | 156,900,000 | 157,000,000 | -316,000,000 | |
| EBITDA | $93M | $93M | $69M | · | $85M | $81M | $58M | · | $83M | $80M | $39M | · | $51M | $48M | $49M | · |
Balance Sheet 26
| Metric | Trend | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables | $203M | $209M | $137M | $212M | $205M | $215M | $145M | $209M | $213M | $230M | $168M | · | $210M | $229M | $202M | · | |
| Inventory | $380M | $385M | $377M | $329M | $317M | $306M | $318M | $302M | $294M | $307M | $311M | · | $313M | $322M | $314M | · | |
| Other Current Assets | $52M | $51M | $56M | $57M | $44M | $41M | $41M | $38M | $35M | $32M | $34M | · | $27M | $29M | $30M | · | |
| Current Assets | $1.13B | $1.07B | $1.03B | $1.03B | $938M | $891M | $843M | $858M | $786M | $749M | $729M | · | $691M | $670M | $672M | · | |
| PP&E (Net) | $345M | $344M | $342M | $336M | $328M | $325M | $321M | $319M | $310M | $309M | $308M | · | $307M | $305M | $303M | · | |
| PP&E (Gross) | $824M | $813M | $800M | $784M | $765M | $751M | $739M | $729M | $710M | $700M | $693M | · | $676M | $665M | $656M | · | |
| Accum. Depreciation | $479M | $469M | $459M | $448M | $438M | $427M | $418M | $410M | $400M | $391M | $385M | · | $369M | $360M | $353M | · | |
| Goodwill | $92M | $92M | $92M | $89M | $88M | $81M | $82M | $81M | $96M | $97M | $98M | $94M | $97M | $99M | $100M | $99M | |
| Intangibles | $301M | $306M | $307M | $307M | $308M | $307M | $308M | $310M | $315M | $322M | $329M | · | $342M | $349M | $356M | · | |
| Other Non-current Assets | $85M | $77M | $77M | $78M | $69M | $68M | $66M | $68M | $62M | $62M | $63M | · | $56M | $55M | $56M | · | |
| Total Assets | $1.95B | $1.88B | $1.85B | $1.84B | $1.73B | $1.67B | $1.62B | $1.64B | $1.57B | $1.54B | $1.53B | · | $1.49B | $1.48B | $1.49B | · | |
| Accounts Payable | $131M | $129M | $128M | $134M | $119M | $118M | $99M | $110M | $86M | $97M | $109M | · | $101M | $104M | $104M | · | |
| Accrued Liabilities | $111M | $103M | $127M | $155M | $123M | $116M | $121M | $147M | $126M | $115M | $112M | · | $98M | $87M | $109M | · | |
| Current Liabilities | $244M | $233M | $256M | $290M | $243M | $235M | $220M | $258M | $212M | $212M | $222M | · | $200M | $191M | $214M | · | |
| Capital Leases | · | · | · | $22M | $22M | $22M | $22M | $22M | $24M | $24M | $26M | · | $21M | $21M | $22M | · | |
| Other Non-current Liabilities | $68M | $63M | $64M | $66M | $59M | $59M | $61M | $64M | $60M | $60M | $58M | · | $52M | $52M | $53M | · | |
| Total Liabilities | $833M | $814M | $829M | $857M | $801M | $797M | $785M | $826M | $777M | $785M | $798M | · | $779M | $776M | $799M | · | |
| Long-term Debt | $453M | $452M | $452M | $452M | $451M | $450M | $450M | $450M | $449M | $449M | $447M | · | $448M | $448M | $451M | · | |
| Total Debt | $453M | $452M | $452M | · | $451M | $450M | $450M | · | $449M | $449M | $447M | · | $448M | $448M | $447M | · | |
| Common Stock | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | · | $2M | $2M | $2M | · | |
| Paid-in Capital | $1.12B | $1.14B | $1.14B | $1.16B | $1.17B | $1.18B | $1.19B | $1.21B | $1.21B | $1.21B | $1.23B | · | $1.26B | $1.26B | $1.27B | · | |
| Retained Earnings | $-5M | $-72M | $-131M | $-174M | $-227M | $-279M | $-331M | $-366M | $-376M | $-423M | $-468M | · | $-499M | $-524M | $-545M | · | |
| AOCI | $4M | $4M | $4M | $-5M | $-12M | $-32M | $-32M | $-31M | $-42M | $-39M | $-35M | · | $-46M | $-42M | $-40M | · | |
| Stockholders' Equity | $1.12B | $1.07B | $1.02B | $982M | $929M | $874M | $834M | $810M | $792M | $754M | $731M | $712M | $714M | $701M | · | $669M | |
| Liabilities + Equity | $1.95B | $1.88B | $1.85B | $1.84B | $1.73B | $1.67B | $1.62B | $1.64B | $1.57B | $1.54B | $1.53B | · | $1.49B | $1.48B | $1.49B | · | |
| Shares Outstanding | 156,101,616 | 156,446,656 | 156,360,152 | 156,331,004 | 156,272,099 | 156,655,939 | 156,563,285 | 156,227,170 | 155,765,042 | 155,681,228 | 156,112,060 | 155,871,932 | 156,424,123 | 156,366,647 | 156,208,077 | 155,844,138 |
Cash Flow 16
| Metric | Trend | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $13M | $12M | $12M | $13M | $12M | $11M | $11M | $17M | $16M | $16M | $16M | $16M | $16M | $16M | $15M | $16M | |
| Stock-based Comp | $3M | $4M | $4M | $3M | $2M | $2M | $2M | $2M | $2M | $2M | $3M | $3M | $2M | $2M | $2M | $2M | |
| Deferred Tax | $3M | $9M | $6M | $-200.0K | $-4M | $-2M | $-600.0K | $-3M | $-9M | $-6M | $-3M | $-8M | $-7M | $1M | $-900.0K | $-5M | |
| Restructuring | · | · | · | $4M | $1M | $2M | $2M | $3M | $3M | $3M | $7M | $9M | $4M | $700.0K | $-4M | $4M | |
| Other Non-cash | · | · | $-4M | · | · | · | $6M | · | · | · | $38M | · | · | · | $-45M | · | |
| Operating Cash Flow | $106M | $-13M | $61M | $84M | $67M | $14M | $54M | $89M | $87M | $-6M | $68M | $56M | $75M | $-16M | $-6M | $32M | |
| CapEx | $12M | $15M | $17M | $14M | $12M | $9M | $12M | $19M | $12M | $10M | $6M | $15M | $12M | $11M | $10M | $18M | |
| Investing Cash Flow | $-11M | $-15M | $-17M | $-14M | $-12M | $-9M | $-12M | $-19M | $-12M | $-10M | $-6M | $-15M | $-12M | $-11M | $-5M | $-18M | |
| Stock Issued | $600.0K | $600.0K | $700.0K | $400.0K | $400.0K | $2M | $2M | $5M | $1M | $1M | $400.0K | $800.0K | $900.0K | $400.0K | $600.0K | $400.0K | |
| Stock Repurchased | $10M | $0 | $6M | $0 | $10M | $5M | $0 | $0 | $0 | · | · | $10M | $0 | $0 | $0 | $10M | |
| Net Stock Activity | · | · | $-5M | · | · | · | $2M | · | · | · | $400.0K | · | · | · | $600.0K | · | |
| Dividends Paid | $11M | $11M | $11M | $10M | $10M | $10M | $10M | $10M | $10M | $10M | $10M | $10M | $10M | $10M | $10M | $9M | |
| Financing Cash Flow | $-21M | $-11M | $-20M | $-11M | $-20M | $-14M | $-13M | $-5M | $-9M | $-20M | $-11M | $-20M | $-9M | $-10M | $-10M | $-19M | |
| Net Change in Cash | $74M | $-39M | $28M | $60M | $43M | $-9M | $28M | $67M | $64M | $-38M | $56M | $19M | $52M | $-36M | $-21M | $-8M | |
| Taxes Paid | $13M | $33M | $100.0K | $19M | $19M | $30M | $400.0K | $27M | $22M | $25M | $800.0K | $10M | $6M | $21M | $200.0K | $5M | |
| Free Cash Flow | · | · | $44M | · | · | · | $42M | · | · | · | $62M | · | · | · | $-16M | · |
Profitability 8
| Metric | Trend | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 39.4% | 37.6% | 37.6% | · | 38.3% | 35.1% | 33.9% | · | 36.8% | 36.9% | 33.7% | · | 30.6% | 29.4% | 29.6% | · | |
| Operating Margin | 20.4% | 20.9% | 17.8% | · | 19.4% | 19.2% | 15.6% | · | 18.8% | 18.0% | 8.9% | · | 10.9% | 9.9% | 10.8% | · | |
| Net Margin | 17.0% | 15.4% | 13.6% | · | 13.8% | 14.1% | 11.6% | · | 13.3% | 12.5% | 5.6% | · | 7.5% | 6.4% | 7.1% | · | |
| Pretax Margin | 20.2% | 20.5% | 17.5% | · | 18.9% | 18.6% | 15.0% | · | 17.7% | 16.7% | 6.6% | · | 9.5% | 8.4% | 9.3% | · | |
| EBITDA Margin | 23.5% | 24.1% | 21.6% | · | 22.5% | 22.3% | 19.2% | · | 23.4% | 22.6% | 15.3% | · | 15.7% | 14.5% | 15.5% | · | |
| ROA | 3.6% | 3.3% | 2.5% | · | 3.2% | 3.2% | 2.2% | · | 3.1% | 2.9% | 0.95% | · | 1.6% | 1.4% | 1.5% | · | |
| ROE | 6.6% | 6.1% | 4.7% | · | 6.1% | 6.3% | 4.5% | · | 6.3% | 6.1% | 2.0% | · | 3.5% | 3.0% | · | · | |
| ROIC | 4.3% | 4.0% | 3.0% | · | 3.9% | 4.0% | 2.9% | · | 4.0% | 4.0% | 1.6% | · | 2.4% | 2.2% | 5.8% | · |
Liquidity & Solvency 4
| Metric | Trend | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 4.6 | 4.6 | 4.0 | · | 3.9 | 3.8 | 3.8 | · | 3.7 | 3.5 | 3.3 | · | 3.5 | 3.5 | 3.1 | · | |
| Quick Ratio | 0.8 | 0.9 | 0.5 | · | 0.8 | 0.9 | 0.7 | · | 1.0 | 1.1 | 0.8 | · | 1.1 | 1.2 | 0.9 | · | |
| Debt / Equity | 0.4 | 0.4 | 0.4 | · | 0.5 | 0.5 | 0.5 | · | 0.6 | 0.6 | 0.6 | · | 0.6 | 0.6 | · | · | |
| LT Debt / Equity | 0.4 | 0.4 | 0.4 | · | 0.5 | 0.5 | 0.5 | · | 0.6 | 0.6 | 0.6 | · | 0.6 | 0.6 | · | · |
Efficiency 3
| Metric | Trend | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | |
| Inventory Turnover | 0.7 | 0.7 | 0.6 | · | 0.8 | 0.8 | 0.6 | · | 0.7 | 0.7 | 0.5 | · | 0.8 | 0.9 | 0.8 | · | |
| Receivables Turnover | 1.9 | 1.8 | 2.3 | · | 1.8 | 1.6 | 1.9 | · | 1.7 | 1.5 | 1.4 | · | 1.5 | 1.5 | 1.6 | · |
Valuation (TTM) 11
| Metric | Trend | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $1.48B | $1.45B | $1.37B | · | $1.41B | $1.38B | $1.27B | · | $1.29B | $1.27B | $1.23B | · | $1.31B | $1.29B | $1.23B | · | |
| Net Income TTM | $222M | $206M | $182M | · | $186M | $178M | $141M | · | $130M | $104M | $83M | · | $95M | $94M | $92M | · | |
| Market Cap | $4.03B | $4.30B | $3.72B | · | $3.76B | $3.98B | $3.52B | · | $2.79B | $2.50B | $2.25B | · | $2.54B | $2.18B | $1.68B | · | |
| P/E | 18.3 | 21.0 | 20.7 | · | 20.4 | 22.5 | 25.3 | · | 21.6 | 24.0 | 27.2 | · | 26.6 | 23.2 | 18.6 | · | |
| P/S | 2.7 | 3.0 | 2.7 | · | 2.7 | 2.9 | 2.8 | · | 2.2 | 2.0 | 1.8 | · | 1.9 | 1.7 | 1.4 | · | |
| P/B | 3.6 | 4.0 | 3.7 | · | 4.0 | 4.6 | 4.2 | · | 3.5 | 3.3 | 3.1 | · | 3.6 | 3.1 | · | · | |
| P / Tangible Book | 5.5 | 6.4 | 6.0 | · | 7.0 | 8.2 | 7.9 | · | 7.3 | 7.5 | 7.4 | · | 9.2 | 8.6 | · | · | |
| P / Cash Flow | · | · | 60.9 | · | · | · | 65.1 | · | · | · | 33.1 | · | · | · | -258.6 | · | |
| P / FCF | · | · | 84.6 | · | · | · | 83.5 | · | · | · | 36.1 | · | · | · | -102.5 | · | |
| Earnings Yield | 5.5% | 4.8% | 4.8% | · | 4.9% | 4.5% | 4.0% | · | 4.6% | 4.2% | 3.7% | · | 3.8% | 4.3% | 5.4% | · | |
| Payout Ratio | · | · | 25.2% | · | · | · | 29.8% | · | · | · | 69.9% | · | · | · | 42.2% | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | |
|---|---|---|---|---|---|
| Revenue | $1.43B | $1.31B | $1.28B | $1.25B | $1.11B |
| Gross Margin % | 36.1% | 34.9% | 29.8% | 29.2% | 32.3% |
| Operating Margin % | 18.2% | 13.8% | 10.0% | 8.9% | 11.8% |
| Net Income | $192M | $116M | $86M | $77M | $70M |
| Diluted EPS | $1.22 | $0.74 | $0.55 | $0.48 | $0.44 |
Balance Sheet
| 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | |
|---|---|---|---|---|---|
| Debt / Equity | 0.5 | 0.6 | 0.6 | 0.7 | 0.6 |
| Current Ratio | 3.5 | 3.3 | 3.2 | 2.8 | 3.0 |
| Quick Ratio | 0.7 | 0.8 | 1.0 | 0.9 | 2.0 |
Cash Flow
| 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | |
|---|---|---|---|---|---|
| Free Cash Flow | $172M | $191M | $61M | $-2M | $94M |
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Institutional owners (13F) 457 filers · $2.5B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 61 (-7 vs prior Q) | 45 (+10 vs prior Q) | 153 (-9 vs prior Q) | 137 (+13 vs prior Q) | +18.6M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD PORTFOLIO MANAGEMENT LLC | $298,913,801 | 11,572,350 | 11.75% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $181,672,825 | 7,033,404 | 7.14% | Shares |
| STATE STREET CORP | $163,508,369 | 6,330,173 | 6.43% | Shares |
| FIRST TRUST ADVISORS LP | $157,657,402 | 6,103,655 | 6.20% | Shares |
| FIDUCIARY MANAGEMENT INC /WI/ | $152,449,125 | 5,902,018 | 5.99% | Shares |
| FULLER & THALER ASSET MANAGEMENT, INC. | $126,715,250 | 4,905,739 | 4.98% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $115,042,960 | 4,453,133 | 4.52% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $89,266,952 | 3,455,942 | 3.51% | Shares |
| Impax Asset Management Group plc | $76,649,776 | 2,967,471 | 3.01% | Shares |
| AMERICAN CENTURY COMPANIES INC | $69,774,579 | 2,701,300 | 2.74% | Shares |
| GAMCO INVESTORS, INC. ET AL | $65,558,400 | 2,538,072 | 2.58% | Shares |
| JANUS HENDERSON GROUP PLC | $53,216,952 | 1,934,813 | 2.09% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $48,424,793 | 1,874,750 | 1.90% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $42,088,564 | 1,629,445 | 1.65% | Shares |
| Amundi | $38,761,878 | 1,500,363 | 1.52% | Shares |
| MORGAN STANLEY | $33,754,644 | 1,306,800 | 1.33% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $29,103,152 | 1,126,719 | 1.14% | Shares |
| Triodos Investment Management BV | $26,940,690 | 1,043,000 | 1.06% | Shares |
| ALGERT GLOBAL LLC | $26,050,097 | 1,008,521 | 1.02% | Shares |
| VANGUARD GROUP INC | $25,533,230 | 1,071,924 | 1.00% | Shares |
| Aberdeen Group plc | $18,562,342 | 718,635 | 0.73% | Shares |
| Qube Research & Technologies Ltd | $17,997,827 | 696,780 | 0.71% | Shares |
| GABELLI FUNDS LLC | $17,966,082 | 695,551 | 0.71% | Shares |
| Cubist Systematic Strategies, LLC | $17,410,035 | 682,212 | 0.68% | Shares |
| Bank of New York Mellon Corp | $16,964,963 | 656,793 | 0.67% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $15,602,302 | 604,038 | 0.61% | Shares |
| Mesirow Institutional Investment Management, Inc. | $14,281,403 | 634,729 | 0.56% | Shares |
| Public Sector Pension Investment Board | $13,886,595 | 537,615 | 0.55% | Shares |
| FMR LLC | $13,357,080 | 517,115 | 0.53% | Shares |
| Lightrock Netherlands B.V. | $13,171,569 | 509,933 | 0.52% | Shares |
| PANAGORA ASSET MANAGEMENT INC | $12,134,727 | 469,792 | 0.48% | Shares |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO | $12,094,200 | 468,223 | 0.48% | Shares |
| Perpetual Ltd | $11,865,605 | 459,373 | 0.47% | Shares |
| Assenagon Asset Management S.A. | $11,773,753 | 455,817 | 0.46% | Shares |
| TWO SIGMA INVESTMENTS, LP | $11,513,025 | 445,723 | 0.45% | Shares |
| Swiss Life Asset Management Ltd | $10,860,998 | 420,480 | 0.43% | Shares |
| ZACKS INVESTMENT MANAGEMENT | $10,556,773 | 408,701 | 0.42% | Shares |
| GOLDMAN SACHS GROUP INC | $10,444,283 | 404,347 | 0.41% | Shares |
| CRAWFORD INVESTMENT COUNSEL INC | $10,429,791 | 403,786 | 0.41% | Shares |
| ExodusPoint Capital Management, LP | $9,923,912 | 384,201 | 0.39% | Shares |
| RHUMBLINE ADVISERS | $9,741,811 | 377,152 | 0.38% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $9,668,091 | 374,297 | 0.38% | Shares |
| SPEECE THORSON CAPITAL GROUP INC | $9,487,000 | 367,282 | 0.37% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $9,251,350 | 358,163 | 0.36% | Shares |
| Robeco Schweiz AG | $9,006,120 | 348,669 | 0.35% | Shares |
| NORGES BANK | $8,733,123 | 338,100 | 0.34% | Shares |
| PDT Partners, LLC | $8,156,752 | 315,786 | 0.32% | Shares |
| Swiss National Bank | $7,903,980 | 306,000 | 0.31% | Shares |
| ProShare Advisors LLC | $7,300,022 | 282,618 | 0.29% | Shares |
| TEACHER RETIREMENT SYSTEM OF TEXAS | $7,093,563 | 274,625 | 0.28% | Shares |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $6,853,500 | 265,331 | 0.27% | Shares |
| Palisades Investment Partners, LLC | $6,793,058 | 262,991 | 0.27% | Shares |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | $6,601,838 | 255,588 | 0.26% | Shares |
| Legal & General Group Plc | $6,190,031 | 239,645 | 0.24% | Shares |
| Schonfeld Strategic Advisors LLC | $6,147,745 | 238,008 | 0.24% | Shares |
| AMERIPRISE FINANCIAL INC | $6,113,806 | 236,694 | 0.24% | Shares |
| Nuveen, LLC | $6,055,404 | 234,433 | 0.24% | Shares |
| BFSG, LLC | $5,780,574 | 223,793 | 0.23% | Shares |
| BANK OF AMERICA CORP /DE/ | $5,751,256 | 222,658 | 0.23% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $5,600,254 | 216,812 | 0.22% | Shares |
| ALLIANCEBERNSTEIN L.P. | $5,546,245 | 201,755 | 0.22% | Shares |
| Balyasny Asset Management L.P. | $5,520,155 | 213,711 | 0.22% | Shares |
| Vest Financial, LLC | $5,429,440 | 210,199 | 0.21% | Shares |
| Edgestream Partners, L.P. | $5,219,468 | 202,070 | 0.21% | Shares |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC | $5,199,295 | 201,289 | 0.20% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $5,127,682 | 186,529 | 0.20% | Shares |
| PRUDENTIAL FINANCIAL INC | $5,101,580 | 197,506 | 0.20% | Shares |
| GLOBEFLEX CAPITAL L P | $5,090,990 | 197,096 | 0.20% | Shares |
| Trexquant Investment LP | $5,064,126 | 196,056 | 0.20% | Shares |
| Candriam S.C.A. | $4,994,380 | 193,542 | 0.20% | Shares |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. | $4,855,704 | 187,987 | 0.19% | Shares |
| TUDOR INVESTMENT CORP ET AL | $4,772,015 | 184,747 | 0.19% | Shares |
| LAZARD ASSET MANAGEMENT LLC | $4,631,190 | 179,295 | 0.18% | Shares |
| Nuveen Asset Management, LLC | $4,532,288 | 201,435 | 0.18% | Shares |
| Grandeur Peak Global Advisors, LLC | $4,522,058 | 175,070 | 0.18% | Shares |
| MCDONALD PARTNERS LLC | $4,499,715 | 174,205 | 0.18% | Shares |
| BlackRock, Inc. | $4,464,147 | 172,828 | 0.18% | Shares |
| STOREBRAND ASSET MANAGEMENT AS | $4,320,739 | 167,276 | 0.17% | Shares |
| Quantbot Technologies LP | $4,245,212 | 164,352 | 0.17% | Shares |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | $4,031,469 | 156,077 | 0.16% | Shares |
| TWO SIGMA ADVISERS, LP | $3,938,494 | 165,344 | 0.15% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $3,856,677 | 149,310 | 0.15% | Shares |
| WELLS FARGO & COMPANY/MN | $3,840,508 | 148,684 | 0.15% | Shares |
| PINNACLE ASSOCIATES LTD | $3,839,707 | 148,653 | 0.15% | Shares |
| CREDIT AGRICOLE S A | $3,746,073 | 145,028 | 0.15% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $3,648,073 | 141,234 | 0.14% | Shares |
| RBF Capital, LLC | $3,509,135 | 135,855 | 0.14% | Shares |
| CITIGROUP INC | $3,397,689 | 131,540 | 0.13% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $3,373,036 | 130,586 | 0.13% | Shares |
| Y-Intercept (Hong Kong) Ltd | $3,356,324 | 129,939 | 0.13% | Shares |
| MARTINGALE ASSET MANAGEMENT L P | $3,281,702 | 127,050 | 0.13% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $3,188,972 | 123,460 | 0.13% | Shares |
| MML INVESTORS SERVICES, LLC | $3,181,624 | 123,176 | 0.13% | Shares |
| Asset Management One Co., Ltd. | $3,112,005 | 113,205 | 0.12% | Shares |
| Graham Capital Management, L.P. | $3,093,892 | 119,779 | 0.12% | Shares |
| First National Advisers, LLC | $2,938,040 | 113,761 | 0.12% | Shares |
| NIA IMPACT ADVISORS, LLC | $2,849,753 | 110,327 | 0.11% | Shares |
| OAK RIDGE INVESTMENTS LLC | $2,797,544 | 108,306 | 0.11% | Shares |
| MILLENNIUM MANAGEMENT LLC | $2,729,585 | 105,675 | 0.11% | Shares |
| Madison Asset Management, LLC | $2,612,653 | 101,148 | 0.10% | Shares |
Company insiders 60 insiders · 9 officers · 4 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Patrick Matthew Donovan | President, Anvil | Jan. 6, 2017 D | 0 | 0 | 0 | $0 |
| Thomas E Fish | President, Anvil | March 31, 2016 F | 265,658 | 0 | 0 | $0 |
| Paul T Ciolino | President, U.S. Pipe | Nov. 30, 2011 J | 212,441 | 0 | 0 | $0 |
| Raymond Torok | President, U.S. Pipe | March 8, 2010 S | 135,056 | 0 | 0 | $0 |
| Robert Leggett | COO | Aug. 5, 2011 P | 437,516 | 0 | 0 | $0 |
| Scott P. Floyd | EVP & Chief Commercial Officer | June 8, 2026 F | 107,679 | 0 | 0 | $0 |
| Robert Paul Keefe | SVP and CTO | Dec. 3, 2016 F | 140,376 | 0 | 0 | $0 |
| Robert D. Dunn | SVP, Human Resources | Dec. 3, 2015 F | 148,254 | 0 | 0 | $0 |
| Clayton Robert Barker III | Exec.VP, GC, CCO, Sec'y | Dec. 3, 2010 S | 189,031 | 0 | 0 | $0 |
| Brian C. Healy | Director | July 7, 2026 P | 24,946 | 4 | 0 | $115,035 |
| Joseph B Leonard | Director | Jan. 25, 2017 A | 116,141 | 0 | 0 | $0 |
| Neil A Springer | Director | Jan. 26, 2016 A | 80,108 | 0 | 0 | $0 |
| Donald N Boyce | Director | Jan. 26, 2011 A | 41,508 | 0 | 0 | $0 |
| Paul Mcandrew | — | Aug. 10, 2026 S | 42,556 | 0 | 1 | $-1,055,600 |
| Marietta Edmunds Zakas | — | May 28, 2026 S | 479,868 | 0 | 1 | $-1,370,456 |
| Todd P Helms | — | March 17, 2026 S | 64,477 | 0 | 4 | $-986,191 |
| Melissa Rasmussen | — | March 3, 2026 F | 9,114 | 0 | 0 | $0 |
| Gregg C Sengstack | — | Feb. 25, 2026 P | 25,000 | 1 | 0 | $739,500 |
| Leland Weaver | — | Feb. 9, 2026 A | 4,381 | 0 | 0 | $0 |
| Jeffery S. Sharritts | — | Feb. 9, 2026 A | 4,381 | 0 | 0 | $0 |
| Christine Ortiz | — | Feb. 9, 2026 A | 4,381 | 0 | 0 | $0 |
| Stephen C Van Arsdell | — | Feb. 9, 2026 A | 4,381 | 0 | 0 | $0 |
| Christian A Garcia | — | Feb. 9, 2026 A | 4,381 | 0 | 0 | $0 |
| Bentina Chisolm Terry | — | Feb. 9, 2026 A | 4,381 | 0 | 0 | $0 |
| Thomas J Hansen | — | Feb. 9, 2026 A | 4,381 | 0 | 0 | $0 |
| Steven S Heinrichs | — | Dec. 9, 2025 S | 11,493 | 0 | 3 | $-1,091,177 |
| Richelle R. Feyerherm | — | Dec. 3, 2025 F | 12,932 | 0 | 0 | $0 |
| Chason A Carroll | — | Dec. 3, 2025 F | 16,881 | 0 | 0 | $0 |
| Suzanne G Smith | — | Sept. 8, 2025 S | 13 | 0 | 2 | $-54,752 |
| Brian Slobodow | — | May 8, 2025 S | 0 | 0 | 0 | $0 |
| Lydia W Thomas | — | March 11, 2025 S | 126,689 | 0 | 0 | $0 |
| Shirley C. Franklin | — | March 5, 2025 S | 65,043 | 0 | 0 | $0 |
| Scott J Hall | — | Aug. 13, 2024 M | 544,029 | 0 | 0 | $0 |
| Michael T Tokarz | — | May 20, 2024 A | 7,376 | 0 | 0 | $0 |
| Kenji Takeuchi | — | May 16, 2024 S | 28,334 | 0 | 0 | $0 |
| Niclas Ytterdahl | — | Feb. 28, 2024 A | 7,376 | 0 | 0 | $0 |
| Mark J Obrien | — | Feb. 28, 2024 A | 7,376 | 0 | 0 | $0 |
| RETHORE BERNARD G | — | Feb. 7, 2023 A | 8,267 | 0 | 0 | $0 |
| Chad D. Mize | — | Dec. 5, 2022 F | 60,686 | 0 | 0 | $0 |
| William Cofield | — | Dec. 5, 2022 F | 45,720 | 0 | 0 | $0 |
| Jerry W Kolb | — | Feb. 7, 2022 A | 17,047 | 0 | 0 | $0 |
| Michael S Nancarrow | — | Dec. 10, 2020 S | 40,309 | 0 | 0 | $0 |
| Jennifer O'Keefe | — | Dec. 3, 2019 A | 11,321 | 0 | 0 | $0 |
| Gregory Rogowski | — | Dec. 3, 2019 A | 35,329 | 0 | 0 | $0 |
| Hassan Ali | — | Nov. 28, 2018 M | 62,557 | 0 | 0 | $0 |
| Melvin J Schrock | — | Nov. 27, 2018 A | 2,564 | 0 | 0 | $0 |
| Evan Hart | — | Dec. 5, 2017 S | 145,530 | 0 | 0 | $0 |
| Kevin Mchugh | — | Dec. 2, 2017 F | 149,383 | 0 | 0 | $0 |
| Keith L Belknap Jr | — | Dec. 2, 2017 F | 185,584 | 0 | 0 | $0 |
| Gregory E Hyland | — | Dec. 2, 2017 F | 1,017,107 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 7 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Gabelli Funds, LLC I.D. No ., GAMCO Asset Management Inc. I.D. No ., Gabelli & Company Investment Advisers, Inc. I.D. No ., Teton Advisors, Inc. I.D. No ., MJG Associates, Inc. I.D. No ., Gabelli Foundation, Inc. I.D. No ., GGCP, Inc. I.D. No ., GAMCO Investors, Inc. I.D. No ., Associated Capital Group, Inc. I.D. No., Mario J. Gabelli | Nov. 24, 2020 | — | Initial filing | — | SEC |
| Gabelli Funds, LLC I.D. No., GAMCO Asset Management Inc. I.D. No., Gabelli & Company Investment Advisers, Inc. I.D. No., Teton Advisors, Inc. I.D. No., MJG Associates, Inc. I.D. No., MJG-IV Limited Partnership I.D. No., Gabelli Foundation, Inc. I.D. No., GGCP, Inc. I.D. No., GAMCO Investors, Inc. I.D. No., Associated Capital Group, Inc. I.D. No., Mario J. Gabelli | May 17, 2017 | — | Initial filing | Passive investment | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Aug. 10, 2007 | — | Initial filing | — | SEC |
| Fairholme Capital Management, L.L.C., Bruce R. Berkowitz, Fairholme Funds, Inc. | April 3, 2007 | — | Initial filing | Passive investment | SEC |
| Undisclosed reporting person, Undisclosed reporting person | March 27, 2007 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Dec. 29, 2006 | — | Initial filing | Passive investment | SEC |
| Undisclosed reporting person, Undisclosed reporting person | Dec. 22, 2006 | — | Initial filing | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 90 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| AQWA · Global X Funds | 2.33% | 21,999 NS | May 31, 2026 | N-PORT |
| CGW · Invesco Exchange-Traded Fund Trust … | 1.37% | 554,149 SH | Aug. 8, 2026 | Daily |
| PSCI · Invesco Exchange-Traded Fund Trust … | 1.24% | 91,321 SH | Aug. 8, 2026 | Daily |
| SRHQ · Elevation Series Trust | 1.22% | 84,083 NS | April 30, 2026 | N-PORT |
| EFRA · iShares Trust | 1.08% | 2,331 SH | Aug. 8, 2026 | Daily |
| SAWS · ETF Series Solutions | 0.99% | 2,493 NS | April 30, 2026 | N-PORT |
| SMDV · ProShares Trust | 0.86% | 223,614 NS | May 31, 2026 | N-PORT |
| FSCC · Federated Hermes ETF Trust | 0.84% | 92,603 NS | May 31, 2026 | N-PORT |
| XSHQ · Invesco Exchange-Traded Fund Trust … | 0.83% | 100,918 SH | Aug. 8, 2026 | Daily |
| PHO · Invesco Exchange-Traded Fund Trust | 0.71% | 556,664 SH | Aug. 8, 2026 | Daily |
| TBLU · Tortoise Capital Series Trust | 0.63% | 13,188 NS | May 31, 2026 | N-PORT |
| SDVD · First Trust Exchange-Traded Fund IV | 0.43% | 128,963 NS | April 30, 2026 | N-PORT |
| ESSC · Strategy Shares | 0.35% | 3,204 NS | April 30, 2026 | N-PORT |
| IJT · iShares Trust | 0.31% | 944,074 SH | Aug. 8, 2026 | Daily |
| VIOG · VANGUARD ADMIRAL FUNDS | 0.29% | 121,059 SH | Aug. 8, 2026 | Daily |
| XJR · iShares Trust | 0.27% | 18,490 SH | Aug. 8, 2026 | Daily |
| IWO · iShares Trust | 0.26% | 1,416,795 SH | Aug. 8, 2026 | Daily |
| PAVE · Global X Funds | 0.26% | 1,389,043 NS | May 31, 2026 | N-PORT |
| QVMS · Invesco Exchange-Traded Fund Trust … | 0.25% | 24,553 SH | Aug. 8, 2026 | Daily |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.24% | 168,331 SH | Aug. 8, 2026 | Daily |
| AVUV · AMERICAN CENTURY ETF TRUST | 0.24% | 2,545,137 NS | May 31, 2026 | N-PORT |
| AFSM · First Trust Exchange-Traded Fund VI… | 0.23% | 9,137 NS | May 31, 2026 | N-PORT |
| IJR · iShares Trust | 0.23% | 9,542,930 SH | Aug. 8, 2026 | Daily |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.23% | 60,474 NS | April 30, 2026 | N-PORT |
| VIOO · VANGUARD ADMIRAL FUNDS | 0.22% | 547,008 SH | Aug. 8, 2026 | Daily |
| BFOR · ALPS ETF Trust | 0.21% | 17,833 NS | May 31, 2026 | N-PORT |
| TRFM · ETF Series Solutions | 0.19% | 10,789 NS | April 30, 2026 | N-PORT |
| BKSE · BNY Mellon ETF Trust | 0.19% | 5,556 NS | April 30, 2026 | N-PORT |
| SAA · ProShares Trust | 0.17% | 1,870 NS | May 31, 2026 | N-PORT |
| ESML · iShares Trust | 0.17% | 185,253 SH | Aug. 8, 2026 | Daily |
| EBIT · Harbor ETF Trust | 0.17% | 702 NS | April 30, 2026 | N-PORT |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.17% | 189,454 NS | May 31, 2026 | N-PORT |
| IJS · iShares Trust | 0.16% | 486,643 SH | Aug. 8, 2026 | Daily |
| SMLF · iShares Trust | 0.15% | 239,425 SH | Aug. 8, 2026 | Daily |
| VIOV · VANGUARD ADMIRAL FUNDS | 0.15% | 116,207 SH | Aug. 8, 2026 | Daily |
| FNK · First Trust Exchange-Traded AlphaDE… | 0.14% | 11,040 NS | April 30, 2026 | N-PORT |
| FNX · First Trust Exchange-Traded AlphaDE… | 0.14% | 66,037 NS | April 30, 2026 | N-PORT |
| ISCG · iShares Trust | 0.13% | 49,553 SH | Aug. 8, 2026 | Daily |
| IWM · iShares Trust | 0.13% | 3,996,761 SH | Aug. 8, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.13% | 143,274 SH | Aug. 8, 2026 | Daily |
| RSSL · Global X Funds | 0.13% | 67,529 NS | April 30, 2026 | N-PORT |
| MADE · iShares Trust | 0.12% | 2,908 SH | Aug. 8, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.12% | 904,834 SH | Aug. 8, 2026 | Daily |
| AFMC · First Trust Exchange-Traded Fund VI… | 0.11% | 7,167 NS | May 31, 2026 | N-PORT |
| FSMD · FIDELITY COVINGTON TRUST | 0.11% | 93,792 NS | April 30, 2026 | N-PORT |
| VBK · VANGUARD INDEX FUNDS | 0.11% | 2,076,048 SH | Aug. 8, 2026 | Daily |
| ITWO · ProShares Trust | 0.10% | 7,344 NS | May 31, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.10% | 478,336 NS | April 30, 2026 | N-PORT |
| RWJ · Invesco Exchange-Traded Fund Trust … | 0.09% | 73,488 SH | Aug. 8, 2026 | Daily |
| GSSC · Goldman Sachs ETF Trust | 0.09% | 34,220 NS | May 31, 2026 | N-PORT |