Crossmark Global Holdings Inc. Purchases Shares of 14,890 Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Crossmark Global Holdings Inc. acquired a new stake in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 14,890 shares of the company's stock, valued at approximately $556,000.

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

Insider Transactions at Zurn Elkay Water Solutions

In related news, CFO David J. Pauli sold 4,070 shares of the company's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $39.15, for a total value of $159,340.50. Following the completion of the sale, the chief financial officer now directly owns 47,572 shares of the company's stock, valued at $1,862,443.80. This represents a 7.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jeffrey J. Lavalle sold 3,132 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $39.15, for a total transaction of $122,617.80. Following the transaction, the vice president now owns 35,422 shares in the company, valued at approximately $1,386,771.30. This represents a 8.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 127,202 shares of company stock valued at $5,061,558. 3.80% of the stock is currently owned by company insiders.

Zurn Elkay Water Solutions Trading Down 0.9 %

Shares of Zurn Elkay Water Solutions stock traded down $0.37 during trading on Friday, hitting $38.76. The stock had a trading volume of 557,901 shares, compared to its average volume of 705,953. The stock has a market cap of $6.58 billion, a PE ratio of 49.06, a PEG ratio of 1.80 and a beta of 1.15. The firm's fifty day simple moving average is $38.58 and its 200-day simple moving average is $35.50. Zurn Elkay Water Solutions Co. has a 12 month low of $28.25 and a 12 month high of $41.15. 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, topping the consensus estimate of $0.32 by $0.02. The business had revenue of $410.00 million during the quarter, compared to the consensus estimate of $406.15 million. Zurn Elkay Water Solutions had a return on equity of 13.30% and a net margin of 8.87%. The business's revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period last year, the company earned $0.29 earnings per share. As a group, sell-side analysts expect that Zurn Elkay Water Solutions Co. will post 1.24 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. 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 research report on Friday. Mizuho boosted 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. Robert W. Baird raised their target price on shares of Zurn Elkay Water Solutions from $37.00 to $39.00 and gave the company a "neutral" rating in a research note on Thursday, October 31st. Finally, Oppenheimer boosted their price target on shares of Zurn Elkay Water Solutions from $37.00 to $40.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 22nd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $38.67.

Zurn Elkay Water Solutions 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.