Zurn Elkay Water Solutions Cor (NYSE:ZWS) VP Sells 447 Shares

Zurn Elkay Water Solutions Cor (NYSE:ZWS) VP Jeffrey Lavalle sold 447 shares of Zurn Elkay Water Solutions Cor stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $50.86, for a total value of $22,734.42. Following the sale, the vice president directly owned 51,421 shares of the company’s stock, valued at approximately $2,615,272.06. The trade was a 0.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Zurn Elkay Water Solutions Cor Stock Down 0.6%

ZWS stock traded down $0.32 during mid-day trading on Thursday, hitting $50.89. The stock had a trading volume of 513,422 shares, compared to its average volume of 1,120,916. Zurn Elkay Water Solutions Cor has a 1-year low of $27.74 and a 1-year high of $53.17. The company has a fifty day moving average of $47.98 and a 200 day moving average of $46.94. The company has a current ratio of 3.13, a quick ratio of 2.07 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $8.49 billion, a price-to-earnings ratio of 44.25, a PEG ratio of 2.12 and a beta of 1.08.

Zurn Elkay Water Solutions Cor (NYSE:ZWS) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.34 by $0.02. Zurn Elkay Water Solutions Cor had a return on equity of 16.54% and a net margin of 11.68%.The business had revenue of $407.20 million during the quarter, compared to analysts’ expectations of $400.75 million. During the same quarter in the previous year, the business posted $0.32 EPS. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. On average, equities analysts expect that Zurn Elkay Water Solutions Cor will post 1.36 EPS for the current fiscal year.

Zurn Elkay Water Solutions Cor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Stockholders of record on Friday, February 20th will be paid a dividend of $0.11 per share. The ex-dividend date is Friday, February 20th. This represents a $0.44 annualized dividend and a dividend yield of 0.9%. Zurn Elkay Water Solutions Cor’s dividend payout ratio is 38.26%.

Institutional Trading of Zurn Elkay Water Solutions Cor

Several hedge funds have recently added to or reduced their stakes in the business. Creative Planning grew its position in Zurn Elkay Water Solutions Cor by 37.4% in the second quarter. Creative Planning now owns 57,771 shares of the company’s stock valued at $2,113,000 after acquiring an additional 15,729 shares during the period. Global Alpha Capital Management Ltd. lifted its holdings in Zurn Elkay Water Solutions Cor by 11.9% during the 2nd quarter. Global Alpha Capital Management Ltd. now owns 109,342 shares of the company’s stock worth $3,999,000 after buying an additional 11,602 shares in the last quarter. Keybank National Association OH bought a new position in Zurn Elkay Water Solutions Cor in the second quarter valued at about $222,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Zurn Elkay Water Solutions Cor during the 2nd quarter worth approximately $380,000. Finally, Carret Asset Management LLC acquired a new position in Zurn Elkay Water Solutions Cor in the second quarter valued at approximately $201,000. Institutional investors own 83.33% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on ZWS shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Zurn Elkay Water Solutions Cor in a research note on Monday, December 29th. Oppenheimer raised their target price on Zurn Elkay Water Solutions Cor from $53.00 to $57.00 and gave the company an “outperform” rating in a report on Friday, February 6th. Mizuho set a $49.00 price target on Zurn Elkay Water Solutions Cor in a research note on Thursday, October 30th. Jefferies Financial Group began coverage on Zurn Elkay Water Solutions Cor in a report on Friday, December 12th. They set a “buy” rating and a $58.00 price objective on the stock. Finally, Robert W. Baird set a $56.00 target price on Zurn Elkay Water Solutions Cor in a report on Thursday, February 5th. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Zurn Elkay Water Solutions Cor currently has an average rating of “Hold” and a consensus price target of $51.63.

About Zurn Elkay Water Solutions Cor

Zurn Elkay Water Solutions Corp, trading on the NYSE under the ticker ZWS, is a global provider of water delivery and plumbing products. The company was established in October 2022 through a spin-off from Rexnord Corp, creating a standalone business focused on designing, manufacturing and marketing water system components for residential, commercial and industrial customers.

Through its Zurn segment, the company offers solutions for water delivery, drainage and waste evacuation. Product lines include valves, hydrants, backflow prevention devices, piping systems, fittings and commercial waste stations.