Zurn Elkay Water Solutions (NYSE:ZWS) PT Lowered to $36.00 at Deutsche Bank Aktiengesellschaft

Zurn Elkay Water Solutions (NYSE:ZWS) had its target price decreased by Deutsche Bank Aktiengesellschaft from $37.00 to $36.00 in a research note released on Thursday morning, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

Other equities analysts also recently issued research reports about the stock. Oppenheimer lifted their target price on shares of Zurn Elkay Water Solutions from $36.00 to $37.00 and gave the stock an outperform rating in a research note on Friday, April 12th. BNP Paribas assumed coverage on shares of Zurn Elkay Water Solutions in a research note on Tuesday, March 12th. They set an outperform rating and a $40.00 target price for the company. Finally, Mizuho downgraded shares of Zurn Elkay Water Solutions from a buy rating to a neutral rating and set a $34.00 target price for the company. in a research note on Friday, February 9th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of Hold and an average price target of $33.50.

Zurn Elkay Water Solutions Price Performance

ZWS stock opened at $31.70 on Thursday. The company has a fifty day moving average price of $31.95 and a 200-day moving average price of $30.05. The company has a market capitalization of $5.47 billion, a P/E ratio of 44.65, a PEG ratio of 1.74 and a beta of 1.22. Zurn Elkay Water Solutions has a 52-week low of $20.06 and a 52-week high of $34.58. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.77 and a current ratio of 3.31.

Zurn Elkay Water Solutions (NYSE:ZWS) last announced its earnings results on Tuesday, April 23rd. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.03. Zurn Elkay Water Solutions had a net margin of 8.11% and a return on equity of 11.85%. The business had revenue of $374.00 million during the quarter, compared to the consensus estimate of $369.43 million. During the same quarter last year, the firm earned $0.18 earnings per share. Zurn Elkay Water Solutions’s quarterly revenue was up .5% on a year-over-year basis. As a group, equities analysts expect that Zurn Elkay Water Solutions will post 1.17 EPS for the current year.

Zurn Elkay Water Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Shareholders of record on Tuesday, February 20th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date was Friday, February 16th. Zurn Elkay Water Solutions’s payout ratio is 45.07%.

Insider Activity

In other news, CEO Todd A. Adams sold 129,604 shares of Zurn Elkay Water Solutions stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $33.06, for a total transaction of $4,284,708.24. Following the completion of the transaction, the chief executive officer now directly owns 1,828,550 shares in the company, valued at $60,451,863. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Todd A. Adams sold 129,604 shares of Zurn Elkay Water Solutions stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $33.06, for a total transaction of $4,284,708.24. Following the completion of the transaction, the chief executive officer now directly owns 1,828,550 shares in the company, valued at $60,451,863. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Timothy J. Jahnke sold 30,000 shares of Zurn Elkay Water Solutions stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $33.09, for a total transaction of $992,700.00. Following the transaction, the director now owns 589,275 shares of the company’s stock, valued at $19,499,109.75. The disclosure for this sale can be found here. Insiders sold 741,506 shares of company stock worth $23,964,936 over the last three months. 3.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. LVW Advisors LLC purchased a new position in Zurn Elkay Water Solutions during the fourth quarter worth about $569,000. Strs Ohio boosted its holdings in Zurn Elkay Water Solutions by 235.5% during the fourth quarter. Strs Ohio now owns 46,300 shares of the company’s stock worth $1,361,000 after purchasing an additional 32,500 shares during the last quarter. Huntington National Bank boosted its holdings in Zurn Elkay Water Solutions by 29.5% during the third quarter. Huntington National Bank now owns 537,376 shares of the company’s stock worth $15,057,000 after purchasing an additional 122,281 shares during the last quarter. Raymond James & Associates boosted its holdings in Zurn Elkay Water Solutions by 1,622.8% during the fourth quarter. Raymond James & Associates now owns 1,244,205 shares of the company’s stock worth $36,592,000 after purchasing an additional 1,171,985 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Zurn Elkay Water Solutions by 8.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,039,076 shares of the company’s stock worth $29,115,000 after acquiring an additional 83,182 shares during the period. 83.33% of the stock is currently owned by hedge funds and other institutional investors.

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.