Zurn Elkay Water Solutions Cor (NYSE:ZWS – Get Free Report) had its price target dropped by analysts at Royal Bank Of Canada from $54.00 to $49.00 in a report released on Thursday, Benzinga reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada‘s price objective would indicate a potential upside of 9.71% from the stock’s previous close.
Several other research firms have also recently weighed in on ZWS. Stifel Nicolaus raised their price objective on shares of Zurn Elkay Water Solutions Cor from $56.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Mizuho set a $48.00 target price on shares of Zurn Elkay Water Solutions Cor in a research report on Thursday. Barclays decreased their price target on shares of Zurn Elkay Water Solutions Cor from $61.00 to $56.00 and set an “overweight” rating on the stock in a research note on Thursday. The Goldman Sachs Group reissued a “neutral” rating and issued a $55.00 price target on shares of Zurn Elkay Water Solutions Cor in a report on Wednesday, July 29th. Finally, Zacks Research cut shares of Zurn Elkay Water Solutions Cor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 20th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Zurn Elkay Water Solutions Cor currently has an average rating of “Moderate Buy” and an average price target of $54.67.
Get Our Latest Stock Analysis on ZWS
Zurn Elkay Water Solutions Cor Price Performance
Shares of ZWS stock traded up $1.16 during trading hours on Thursday, hitting $44.66. 2,393,438 shares of the company’s stock were exchanged, compared to its average volume of 1,010,781. The stock’s 50-day moving average is $47.28 and its 200-day moving average is $48.28. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.05 and a quick ratio of 2.13. The stock has a market cap of $7.41 billion, a price-to-earnings ratio of 27.57, a price-to-earnings-growth ratio of 1.77 and a beta of 1.07. Zurn Elkay Water Solutions Cor has a 52 week low of $42.89 and a 52 week high of $55.00.
Zurn Elkay Water Solutions Cor (NYSE:ZWS – Get Free Report) last released its quarterly earnings results on Tuesday, October 27th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.02. The business had revenue of $495.10 million during the quarter, compared to analysts’ expectations of $493.36 million. Zurn Elkay Water Solutions Cor had a return on equity of 18.01% and a net margin of 15.45%. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.43 earnings per share. As a group, research analysts forecast that Zurn Elkay Water Solutions Cor will post 1.83 EPS for the current year.
Insiders Place Their Bets
In other Zurn Elkay Water Solutions Cor news, Director Jacques Butler acquired 2,016 shares of Zurn Elkay Water Solutions Cor stock in a transaction on Wednesday, August 19th. The shares were purchased 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 $1,859,355.20. The trade was a 5.68% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.40% of the stock is owned by corporate insiders.
Institutional Trading of Zurn Elkay Water Solutions Cor
Several institutional investors and hedge funds have recently made changes to their positions in the business. Arizona State Retirement System boosted its position in shares of Zurn Elkay Water Solutions Cor by 0.5% in the 2nd quarter. Arizona State Retirement System now owns 41,607 shares of the company’s stock worth $2,102,000 after purchasing an additional 220 shares during the last quarter. Assetmark Inc. increased its holdings in Zurn Elkay Water Solutions Cor by 53.0% in the first quarter. Assetmark Inc. now owns 843 shares of the company’s stock valued at $38,000 after purchasing an additional 292 shares during the last quarter. GAMMA Investing LLC increased its holdings in Zurn Elkay Water Solutions Cor by 9.8% in the second quarter. GAMMA Investing LLC now owns 3,708 shares of the company’s stock valued at $187,000 after purchasing an additional 331 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Zurn Elkay Water Solutions Cor by 26.1% in the third quarter. Farther Finance Advisors LLC now owns 1,688 shares of the company’s stock valued at $78,000 after buying an additional 349 shares during the period. Finally, Bleakley Financial Group LLC lifted its stake in Zurn Elkay Water Solutions Cor by 1.8% in the first quarter. Bleakley Financial Group LLC now owns 22,285 shares of the company’s stock valued at $999,000 after buying an additional 394 shares during the period. Institutional investors own 83.33% of the company’s stock.
Zurn Elkay Water Solutions Cor Company Profile
Zurn Elkay Water Solutions Corporation (NYSE: ZWS) is a manufacturer of products and systems used to manage, conserve and protect water in commercial, institutional, industrial and residential buildings. The company provides plumbing and water-management solutions designed to support water distribution, drainage, safety, hygiene and efficiency.
Its product portfolio includes commercial faucets, flush valves, fixtures, drains, plumbing specialties, backflow-prevention devices, water coolers, bottle-filling stations, water filtration systems and related accessories.
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