One Capital Management LLC increased its holdings in Zurn Elkay Water Solutions Cor (NYSE:ZWS – Free Report) by 42.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,645 shares of the company’s stock after purchasing an additional 11,467 shares during the quarter. One Capital Management LLC’s holdings in Zurn Elkay Water Solutions Cor were worth $1,797,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of ZWS. Empowered Funds LLC bought a new stake in shares of Zurn Elkay Water Solutions Cor in the first quarter worth $277,000. Woodline Partners LP bought a new stake in shares of Zurn Elkay Water Solutions Cor in the first quarter worth $4,632,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Zurn Elkay Water Solutions Cor by 5.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 488,985 shares of the company’s stock worth $16,127,000 after purchasing an additional 24,348 shares during the last quarter. American Century Companies Inc. boosted its position in Zurn Elkay Water Solutions Cor by 3.8% during the second quarter. American Century Companies Inc. now owns 48,161 shares of the company’s stock valued at $1,761,000 after acquiring an additional 1,768 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position in Zurn Elkay Water Solutions Cor by 4.1% during the second quarter. Russell Investments Group Ltd. now owns 18,042 shares of the company’s stock valued at $660,000 after acquiring an additional 718 shares during the last quarter. Institutional investors own 83.33% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts have commented on ZWS shares. Weiss Ratings raised shares of Zurn Elkay Water Solutions Cor from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, April 29th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $50.00 price target on shares of Zurn Elkay Water Solutions Cor in a research report on Thursday, February 5th. UBS Group set a $56.00 price target on shares of Zurn Elkay Water Solutions Cor in a research report on Thursday, April 23rd. Royal Bank Of Canada upped their price target on shares of 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. Finally, Robert W. Baird cut their price target on shares of Zurn Elkay Water Solutions Cor from $56.00 to $53.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Zurn Elkay Water Solutions Cor presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.88.
Zurn Elkay Water Solutions Cor Price Performance
Shares of NYSE ZWS opened at $47.46 on Thursday. The firm’s 50-day moving average price is $48.22 and its 200-day moving average price is $47.90. Zurn Elkay Water Solutions Cor has a 1-year low of $35.06 and a 1-year high of $53.76. The firm has a market capitalization of $7.92 billion, a P/E ratio of 38.28, a P/E/G ratio of 1.88 and a beta of 1.06. The company has a current ratio of 3.24, a quick ratio of 2.11 and a debt-to-equity ratio of 0.31.
Zurn Elkay Water Solutions Cor (NYSE:ZWS – Get Free Report) last announced its quarterly earnings data on Tuesday, April 21st. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.04. Zurn Elkay Water Solutions Cor had a net margin of 12.26% and a return on equity of 17.40%. The firm had revenue of $433.00 million for the quarter, compared to analyst estimates of $418.99 million. During the same quarter in the prior year, the business earned $0.31 earnings per share. The business’s quarterly revenue was up 11.4% compared to the same quarter last year. Equities research analysts anticipate that Zurn Elkay Water Solutions Cor will post 1.75 earnings per share for the current fiscal year.
Zurn Elkay Water Solutions Cor Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Wednesday, May 20th will be issued a dividend of $0.11 per share. The ex-dividend date is Wednesday, May 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 currently 35.48%.
Zurn Elkay Water Solutions Cor 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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