Zurn Elkay Water Solutions Co. (NYSE:ZWS) VP Sells $964,001.99 in Stock

Zurn Elkay Water Solutions Co. (NYSE:ZWS) VP Sudhanshu Chhabra sold 25,921 shares of the company’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $37.19, for a total value of $964,001.99. Following the completion of the transaction, the vice president now directly owns 94,132 shares of the company’s stock, valued at approximately $3,500,769.08. The trade was a 21.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Zurn Elkay Water Solutions Stock Up 0.3%

Shares of Zurn Elkay Water Solutions stock opened at $36.99 on Friday. Zurn Elkay Water Solutions Co. has a one year low of $27.74 and a one year high of $41.15. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.91 and a quick ratio of 1.81. The stock’s 50-day moving average is $32.74 and its 200 day moving average is $36.09. The firm has a market cap of $6.22 billion, a price-to-earnings ratio of 40.21, a PEG ratio of 2.01 and a beta of 1.02.

Zurn Elkay Water Solutions (NYSE:ZWS) last announced its quarterly earnings results on Tuesday, April 22nd. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.02. The business had revenue of $388.80 million for the quarter, compared to analyst estimates of $383.87 million. Zurn Elkay Water Solutions had a return on equity of 14.03% and a net margin of 10.23%. During the same quarter in the prior year, the company earned $0.29 earnings per share. Equities research analysts anticipate that Zurn Elkay Water Solutions Co. will post 1.36 EPS for the current year.

Zurn Elkay Water Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Tuesday, May 20th will be issued a $0.09 dividend. The ex-dividend date is Tuesday, May 20th. This represents a $0.36 annualized dividend and a yield of 0.97%. Zurn Elkay Water Solutions’s payout ratio is currently 36.36%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barclays PLC lifted its holdings in shares of Zurn Elkay Water Solutions by 85.7% in the third quarter. Barclays PLC now owns 304,731 shares of the company’s stock valued at $10,952,000 after purchasing an additional 140,624 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Zurn Elkay Water Solutions by 138.4% in the fourth quarter. GAMMA Investing LLC now owns 937 shares of the company’s stock valued at $35,000 after purchasing an additional 544 shares in the last quarter. Tsfg LLC bought a new position in shares of Zurn Elkay Water Solutions in the fourth quarter valued at approximately $56,000. Fifth Third Wealth Advisors LLC bought a new position in shares of Zurn Elkay Water Solutions in the fourth quarter valued at approximately $247,000. Finally, Crossmark Global Holdings Inc. bought a new position in shares of Zurn Elkay Water Solutions in the fourth quarter valued at approximately $556,000. Institutional investors own 83.33% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on ZWS. Robert W. Baird lowered their target price on Zurn Elkay Water Solutions from $42.00 to $39.00 and set a “neutral” rating for the company in a report on Thursday, April 24th. Stifel Nicolaus increased their price target on Zurn Elkay Water Solutions from $34.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, April 24th. BNP Paribas cut Zurn Elkay Water Solutions from an “outperform” rating to a “neutral” rating and set a $29.00 price target for the company. in a research note on Wednesday, April 9th. Finally, The Goldman Sachs Group decreased their price target on Zurn Elkay Water Solutions from $39.00 to $34.00 and set a “neutral” rating for the company in a research note on Wednesday, April 2nd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Zurn Elkay Water Solutions presently has an average rating of “Hold” and a consensus price target of $36.43.

Zurn Elkay Water Solutions Company Profile

Zurn Elkay Water Solutions Corporation engages in design, procurement, manufacture, and marketing of water management solutions in the United States, Canada, and internationally. It offers water safety and control products, such as backflow preventers, fire system valves, pressure reducing valves, thermostatic mixing valves, PEX pipings, fittings, and installation tools under the Zurn and Wilkins brand names.