David Pauli Sells 812 Shares of Zurn Elkay Water Solutions Cor (NYSE:ZWS) Stock

Zurn Elkay Water Solutions Cor (NYSE:ZWS) CFO David Pauli sold 812 shares of Zurn Elkay Water Solutions Cor stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $51.61, for a total transaction of $41,907.32. Following the completion of the transaction, the chief financial officer directly owned 65,995 shares in the company, valued at approximately $3,406,001.95. The trade was a 1.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Zurn Elkay Water Solutions Cor Trading Down 0.2%

Zurn Elkay Water Solutions Cor stock traded down $0.09 during trading hours on Friday, reaching $51.29. The stock had a trading volume of 768,630 shares, compared to its average volume of 1,167,208. The company has a fifty day simple moving average of $47.60 and a 200-day simple moving average of $46.65. Zurn Elkay Water Solutions Cor has a 52 week low of $27.74 and a 52 week high of $53.17. The stock has a market cap of $8.55 billion, a PE ratio of 44.60, a PEG ratio of 2.14 and a beta of 1.08. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.13 and a quick ratio of 2.07.

Zurn Elkay Water Solutions Cor (NYSE:ZWS) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.02. Zurn Elkay Water Solutions Cor had a return on equity of 16.54% and a net margin of 11.68%.The company had revenue of $407.20 million for the quarter, compared to the consensus estimate of $400.75 million. During the same quarter in the previous year, the business earned $0.32 EPS. Zurn Elkay Water Solutions Cor’s revenue was up 9.8% compared to the same quarter last year. Analysts forecast that Zurn Elkay Water Solutions Cor will post 1.36 EPS for the current fiscal year.

Zurn Elkay Water Solutions Cor Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Stockholders of record on Friday, February 20th will be given a $0.11 dividend. The ex-dividend date of this dividend is Friday, February 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 38.26%.

Institutional Trading of Zurn Elkay Water Solutions Cor

Institutional investors and hedge funds have recently modified their holdings of the business. Advisory Services Network LLC bought a new position in shares of Zurn Elkay Water Solutions Cor in the 3rd quarter worth approximately $25,000. V Square Quantitative Management LLC purchased a new stake in Zurn Elkay Water Solutions Cor during the fourth quarter valued at approximately $26,000. First Horizon Advisors Inc. raised its position in Zurn Elkay Water Solutions Cor by 249.8% in the second quarter. First Horizon Advisors Inc. now owns 703 shares of the company’s stock worth $26,000 after acquiring an additional 502 shares during the period. Whittier Trust Co. bought a new position in Zurn Elkay Water Solutions Cor in the second quarter worth approximately $26,000. Finally, Fifth Third Bancorp boosted its stake in shares of Zurn Elkay Water Solutions Cor by 49.7% during the 3rd quarter. Fifth Third Bancorp now owns 771 shares of the company’s stock worth $36,000 after acquiring an additional 256 shares during the last quarter. Institutional investors own 83.33% of the company’s stock.

Analyst Ratings Changes

ZWS has been the subject of several recent research reports. Zacks Research lowered Zurn Elkay Water Solutions Cor from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Royal Bank Of Canada increased their price target on shares of Zurn Elkay Water Solutions Cor from $49.00 to $55.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 5th. The Goldman Sachs Group reissued a “neutral” rating and set a $50.00 price objective on shares of Zurn Elkay Water Solutions Cor in a research note on Thursday, February 5th. Stifel Nicolaus set a $59.00 price objective on shares of Zurn Elkay Water Solutions Cor in a report on Thursday, February 5th. Finally, Oppenheimer lifted their target price on shares of Zurn Elkay Water Solutions Cor from $53.00 to $57.00 and gave the company an “outperform” rating in a report on Friday, February 6th. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $51.63.

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.