Zurn Elkay Water Solutions Cor (NYSE:ZWS – Get Free Report) Director Jacques Donavon Butler acquired 2,016 shares of Zurn Elkay Water Solutions Cor stock in a transaction dated Wednesday, August 19th. The shares were bought at an average cost of $49.60 per share, with a total value of $99,993.60. Following the completion of the purchase, the director owned 37,487 shares in the company, valued at approximately $1,859,355.20. This represents a 5.68% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Zurn Elkay Water Solutions Cor Trading Up 0.6%
Shares of Zurn Elkay Water Solutions Cor stock traded up $0.28 on Friday, reaching $49.10. 623,113 shares of the company were exchanged, compared to its average volume of 1,027,279. The stock has a fifty day moving average price of $49.45 and a 200-day moving average price of $48.83. The firm has a market capitalization of $8.14 billion, a price-to-earnings ratio of 30.31, a price-to-earnings-growth ratio of 1.88 and a beta of 1.04. The company has a current ratio of 3.05, a quick ratio of 2.13 and a debt-to-equity ratio of 0.30. Zurn Elkay Water Solutions Cor has a fifty-two week low of $43.06 and a fifty-two week high of $55.00.
Zurn Elkay Water Solutions Cor (NYSE:ZWS – Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. The business had revenue of $491.00 million during the quarter, compared to analyst estimates of $483.04 million. Zurn Elkay Water Solutions Cor had a return on equity of 18.01% and a net margin of 15.45%.Zurn Elkay Water Solutions Cor’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter last year, the company posted $0.42 EPS. On average, analysts expect that Zurn Elkay Water Solutions Cor will post 1.82 EPS for the current year.
Zurn Elkay Water Solutions Cor Dividend Announcement
Institutional Trading of Zurn Elkay Water Solutions Cor
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Empowered Funds LLC bought a new position in shares of Zurn Elkay Water Solutions Cor in the 1st quarter valued at approximately $277,000. Woodline Partners LP acquired a new position in Zurn Elkay Water Solutions Cor during the first quarter valued at approximately $4,632,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Zurn Elkay Water Solutions Cor by 5.2% during 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 valued at $16,127,000 after purchasing an additional 24,348 shares during the last quarter. American Century Companies Inc. raised its position in shares of Zurn Elkay Water Solutions Cor by 3.8% in the second quarter. American Century Companies Inc. now owns 48,161 shares of the company’s stock valued at $1,761,000 after purchasing an additional 1,768 shares during the period. Finally, Russell Investments Group Ltd. lifted its stake in shares of Zurn Elkay Water Solutions Cor by 4.1% in the second quarter. Russell Investments Group Ltd. now owns 18,042 shares of the company’s stock worth $660,000 after buying an additional 718 shares during the last quarter. Institutional investors and hedge funds own 83.33% of the company’s stock.
Analysts Set New Price Targets
ZWS has been the topic of several recent analyst reports. Barclays upped their price target on Zurn Elkay Water Solutions Cor from $59.00 to $61.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Zurn Elkay Water Solutions Cor in a research note on Friday, July 24th. Oppenheimer reiterated an “outperform” rating and issued a $58.00 target price on shares of Zurn Elkay Water Solutions Cor in a report on Thursday, April 23rd. Robert W. Baird set a $58.00 price target on shares of Zurn Elkay Water Solutions Cor in a research report on Thursday, July 30th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $55.00 price target on shares of Zurn Elkay Water Solutions Cor in a report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $57.22.
Get Our Latest Research Report on ZWS
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.
See Also
- Five stocks we like better than Zurn Elkay Water Solutions Cor
- Blueprint for a Boom: SEC Clears the Crypto Runway
- Ross Stores Just Flipped the Off-Price Retail Story After TJX’s Marmaxx Miss
- Advance Auto Parts Plunged, But Its Turnaround Is Still Working
- Is Palo Alto Networks Priced for Perfection Again as AI Security Demand Accelerates?
Receive News & Ratings for Zurn Elkay Water Solutions Cor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zurn Elkay Water Solutions Cor and related companies with MarketBeat.com's FREE daily email newsletter.
