Zurn Elkay Water Solutions Co. (NYSE:ZWS) Shares Bought by Crescent Grove Advisors LLC

Crescent Grove Advisors LLC increased its holdings in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS - Free Report) by 5.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,435,447 shares of the company's stock after buying an additional 130,732 shares during the period. Zurn Elkay Water Solutions accounts for about 9.0% of Crescent Grove Advisors LLC's investment portfolio, making the stock its biggest holding. Crescent Grove Advisors LLC owned approximately 1.44% of Zurn Elkay Water Solutions worth $90,842,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ZWS. Quarry LP raised its position in shares of Zurn Elkay Water Solutions by 178.7% in the 2nd quarter. Quarry LP now owns 836 shares of the company's stock valued at $25,000 after acquiring an additional 536 shares during the period. GAMMA Investing LLC raised its holdings in Zurn Elkay Water Solutions by 138.4% in the fourth quarter. GAMMA Investing LLC now owns 937 shares of the company's stock worth $35,000 after purchasing an additional 544 shares during the period. V Square Quantitative Management LLC bought a new position in shares of Zurn Elkay Water Solutions during the third quarter worth $36,000. Tsfg LLC acquired a new position in shares of Zurn Elkay Water Solutions in the 4th quarter valued at $56,000. Finally, KBC Group NV increased its position in shares of Zurn Elkay Water Solutions by 20.9% in the 3rd quarter. KBC Group NV now owns 3,978 shares of the company's stock valued at $143,000 after buying an additional 688 shares in the last quarter. 83.33% of the stock is owned by institutional investors.

Zurn Elkay Water Solutions Stock Down 0.9 %

ZWS stock traded down $0.37 during mid-day trading on Friday, reaching $38.76. The company had a trading volume of 557,901 shares, compared to its average volume of 705,953. The company has a market capitalization of $6.58 billion, a price-to-earnings ratio of 49.06, a PEG ratio of 1.80 and a beta of 1.15. Zurn Elkay Water Solutions Co. has a 52 week low of $28.25 and a 52 week high of $41.15. The stock has a 50 day simple moving average of $38.58 and a two-hundred day simple moving average of $35.50. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.70 and a quick ratio of 1.71.

Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) last released its earnings results on Tuesday, October 29th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. The business had revenue of $410.00 million during the quarter, compared to analysts' expectations of $406.15 million. Zurn Elkay Water Solutions had a net margin of 8.87% and a return on equity of 13.30%. The firm's revenue was up 2.9% on a year-over-year basis. During the same period last year, the business earned $0.29 earnings per share. As a group, equities analysts predict that Zurn Elkay Water Solutions Co. will post 1.24 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on ZWS shares. Mizuho raised their target price on shares of Zurn Elkay Water Solutions from $34.00 to $37.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. Oppenheimer boosted their price objective on shares of Zurn Elkay Water Solutions from $37.00 to $40.00 and gave the company an "outperform" rating in a research report on Tuesday, October 22nd. Stifel Nicolaus increased their target price on Zurn Elkay Water Solutions from $38.00 to $39.00 and gave the stock a "hold" rating in a report on Friday. Finally, Robert W. Baird boosted their price target on Zurn Elkay Water Solutions from $37.00 to $39.00 and gave the company a "neutral" rating in a report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Zurn Elkay Water Solutions presently has a consensus rating of "Moderate Buy" and a consensus target price of $38.67.

Insider Activity

In other news, VP Jeffrey J. Lavalle sold 3,132 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $39.15, for a total value of $122,617.80. Following the transaction, the vice president now directly owns 35,422 shares of the company's stock, valued at $1,386,771.30. This represents a 8.12 % 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 this link. Also, CEO Todd A. Adams sold 120,000 shares of Zurn Elkay Water Solutions stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $39.83, for a total transaction of $4,779,600.00. Following the sale, the chief executive officer now directly owns 2,242,867 shares of the company's stock, valued at $89,333,392.61. The trade was a 5.08 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 127,202 shares of company stock valued at $5,061,558. 3.80% of the stock is owned by company insiders.

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.