Los Angeles Capital Management LLC boosted its stake in shares of Zurn Elkay Water Solutions Cor (NYSE:ZWS – Free Report) by 12.3% in the fourth quarter, HoldingsChannel reports. The firm owned 126,852 shares of the company’s stock after purchasing an additional 13,865 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Zurn Elkay Water Solutions Cor were worth $5,928,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ZWS. Alliancebernstein L.P. boosted its position in Zurn Elkay Water Solutions Cor by 1,714.8% during the 3rd quarter. Alliancebernstein L.P. now owns 3,369,731 shares of the company’s stock valued at $158,478,000 after purchasing an additional 3,184,048 shares during the period. Norges Bank acquired a new position in Zurn Elkay Water Solutions Cor during the 4th quarter valued at approximately $111,341,000. Goldman Sachs Group Inc. boosted its position in Zurn Elkay Water Solutions Cor by 78.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 906,884 shares of the company’s stock valued at $42,161,000 after purchasing an additional 399,180 shares during the period. MAI Capital Management boosted its position in Zurn Elkay Water Solutions Cor by 120,771.6% during the 3rd quarter. MAI Capital Management now owns 293,718 shares of the company’s stock valued at $13,814,000 after purchasing an additional 293,475 shares during the period. Finally, UBS Group AG boosted its position in Zurn Elkay Water Solutions Cor by 157.0% during the 3rd quarter. UBS Group AG now owns 479,166 shares of the company’s stock valued at $22,535,000 after purchasing an additional 292,747 shares during the period. Institutional investors and hedge funds own 83.33% of the company’s stock.
Zurn Elkay Water Solutions Cor Trading Down 0.3%
Shares of ZWS stock opened at $47.22 on Tuesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.11 and a current ratio of 3.24. Zurn Elkay Water Solutions Cor has a 1 year low of $35.06 and a 1 year high of $53.76. The stock has a fifty day moving average of $48.33 and a two-hundred day moving average of $47.94. The firm has a market capitalization of $7.88 billion, a PE ratio of 38.08, a price-to-earnings-growth ratio of 1.87 and a beta of 1.06.
Zurn Elkay Water Solutions Cor Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Wednesday, May 20th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Wednesday, May 20th. Zurn Elkay Water Solutions Cor’s payout ratio is 35.48%.
Analyst Ratings Changes
A number of research analysts recently issued reports on the company. Oppenheimer restated an “outperform” rating and set a $58.00 price objective on shares of Zurn Elkay Water Solutions Cor in a research report on Thursday, April 23rd. Stifel Nicolaus boosted their price objective on Zurn Elkay Water Solutions Cor from $53.00 to $59.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Royal Bank Of Canada boosted their price objective on Zurn Elkay Water Solutions Cor from $49.00 to $56.00 and gave the company a “sector perform” rating in a research report on Thursday, April 23rd. Robert W. Baird reduced their price objective on Zurn Elkay Water Solutions Cor from $56.00 to $53.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. Finally, UBS Group set a $56.00 price objective on Zurn Elkay Water Solutions Cor in a research report on Thursday, April 23rd. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $54.88.
Get Our Latest Stock Report on Zurn Elkay Water Solutions Cor
Zurn Elkay Water Solutions Cor Company Profile
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.
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