Zurn Elkay Water Solutions Cor $ZWS Stock Sold by Smith Group Asset Management LLC

Smith Group Asset Management LLC lowered its stake in Zurn Elkay Water Solutions Cor (NYSE:ZWS) by 63.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,182 shares of the company’s stock after selling 29,530 shares during the period. Smith Group Asset Management LLC’s holdings in Zurn Elkay Water Solutions Cor were worth $798,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Peterson Wealth Services increased its position in shares of Zurn Elkay Water Solutions Cor by 8.1% in the 3rd quarter. Peterson Wealth Services now owns 24,009 shares of the company’s stock valued at $1,116,000 after acquiring an additional 1,802 shares during the period. Signaturefd LLC lifted its position in Zurn Elkay Water Solutions Cor by 107.9% during the 3rd quarter. Signaturefd LLC now owns 1,320 shares of the company’s stock worth $61,000 after acquiring an additional 685 shares during the period. Sterling Capital Management LLC lifted its position in Zurn Elkay Water Solutions Cor by 840.1% during the 3rd quarter. Sterling Capital Management LLC now owns 4,992 shares of the company’s stock worth $232,000 after acquiring an additional 4,461 shares during the period. Inspire Investing LLC lifted its position in Zurn Elkay Water Solutions Cor by 156.3% during the 3rd quarter. Inspire Investing LLC now owns 22,331 shares of the company’s stock worth $1,038,000 after acquiring an additional 13,619 shares during the period. Finally, Root Financial Partners LLC purchased a new stake in Zurn Elkay Water Solutions Cor during the 3rd quarter valued at about $26,000. 83.33% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ZWS. Zacks Research lowered Zurn Elkay Water Solutions Cor from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 20th. Royal Bank Of Canada decreased their target price on Zurn Elkay Water Solutions Cor from $58.00 to $54.00 and set a “sector perform” rating for the company in a report on Wednesday, October 14th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $55.00 target price on shares of Zurn Elkay Water Solutions Cor in a research report on Wednesday, July 29th. Oppenheimer upped their target price on Zurn Elkay Water Solutions Cor from $58.00 to $60.00 and gave the company an “outperform” rating in a research report on Wednesday, September 9th. Finally, Stifel Nicolaus increased their price target on shares of Zurn Elkay Water Solutions Cor from $56.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Five research 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, Zurn Elkay Water Solutions Cor currently has an average rating of “Moderate Buy” and a consensus target price of $57.00.

Insiders Place Their Bets

In related news, Director Jacques Butler purchased 2,016 shares of Zurn Elkay Water Solutions Cor stock in a transaction that occurred on Wednesday, August 19th. The stock was bought at an average cost of $49.60 per share, for a total transaction of $99,993.60. Following the completion of the transaction, 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 acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 2.40% of the company’s stock.

Key Zurn Elkay Water Solutions Cor News

Here are the key news stories impacting Zurn Elkay Water Solutions Cor this week:

• Positive Sentiment: Third-quarter adjusted EPS was $0.52, above the $0.50 analyst consensus and up from $0.43 a year earlier. Revenue increased 8.7% year over year to $495.1 million, slightly exceeding estimates of $493.4 million. Zurn Water Q3 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Zurn Elkay raised its dividend by 18%, signaling confidence in cash generation and shareholder returns. Management also indicated that additional growth opportunities remain ahead. Zurn Elkay Q3 2026 Dividend and Growth
• Neutral Sentiment: Management provided a fourth-quarter sales outlook and discussed continued operating execution during the earnings call. Investors will look for evidence that demand and margins can support the company’s growth trajectory. Zurn Elkay Q3 2026 Earnings Call Transcript
• Negative Sentiment: The revenue beat was modest, and reports characterized quarterly sales as essentially in line with expectations. That may have limited the impact of the EPS beat, particularly with the stock trading at a valuation of roughly 27 times earnings. Zurn Elkay Q3 Sales In Line With Estimates

Zurn Elkay Water Solutions Cor Price Performance

Shares of ZWS opened at $43.31 on Thursday. The business’s 50-day moving average is $47.28 and its two-hundred day moving average is $48.28. The company has a market capitalization of $7.18 billion, a P/E ratio of 26.73, a P/E/G ratio of 1.77 and a beta of 1.07. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.13 and a current ratio of 3.05. Zurn Elkay Water Solutions Cor has a fifty-two week low of $42.89 and a fifty-two week high of $55.00.

Zurn Elkay Water Solutions Cor (NYSE:ZWS) last released its quarterly earnings data on Tuesday, October 27th. The company reported $0.52 earnings per share 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 analyst estimates 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 company’s revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the business posted $0.43 EPS. Research analysts predict that Zurn Elkay Water Solutions Cor will post 1.83 earnings per share for the current year.

Zurn Elkay Water Solutions Cor Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 7th. Investors of record on Friday, November 20th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.2%. This is a positive change from Zurn Elkay Water Solutions Cor’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Friday, November 20th. Zurn Elkay Water Solutions Cor’s dividend payout ratio is 32.10%.

Zurn Elkay Water Solutions Cor 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.