Zurn Elkay Water Solutions (NYSE:ZWS) Sets New 1-Year High at $35.22

Zurn Elkay Water Solutions Co. (NYSE:ZWS - Get Free Report) shares hit a new 52-week high on Thursday . The company traded as high as $35.22 and last traded at $35.04, with a volume of 42735 shares trading hands. The stock had previously closed at $34.70.

Wall Street Analysts Forecast Growth

ZWS has been the subject of a number of research analyst reports. Stifel Nicolaus increased their price objective on shares of Zurn Elkay Water Solutions from $32.00 to $34.00 and gave the stock a "hold" rating in a research report on Thursday, July 18th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Zurn Elkay Water Solutions from $35.00 to $37.00 and gave the stock a "buy" rating in a research note on Thursday, August 1st. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $37.00 price target on shares of Zurn Elkay Water Solutions in a report on Thursday, September 12th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $35.17.

Zurn Elkay Water Solutions Trading Up 1.1 %

The stock has a market cap of $6.00 billion, a PE ratio of 48.87, a PEG ratio of 1.84 and a beta of 1.14. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.75 and a current ratio of 2.84. The business has a 50-day moving average of $31.84 and a 200 day moving average of $31.54.

Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) last released its earnings results on Tuesday, July 30th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.31 by $0.02. Zurn Elkay Water Solutions had a net margin of 8.80% and a return on equity of 12.82%. The firm had revenue of $412.00 million during the quarter, compared to analysts' expectations of $409.14 million. During the same period in the previous year, the company earned $0.24 EPS. Zurn Elkay Water Solutions's revenue for the quarter was up 2.2% on a year-over-year basis. Equities research analysts predict that Zurn Elkay Water Solutions Co. will post 1.21 EPS for the current fiscal year.

Zurn Elkay Water Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, August 20th were issued a $0.08 dividend. The ex-dividend date was Tuesday, August 20th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.91%. Zurn Elkay Water Solutions's dividend payout ratio (DPR) is presently 45.07%.

Insider Transactions at Zurn Elkay Water Solutions

In related news, major shareholder Aimee Katz sold 100,000 shares of the stock in a transaction on Friday, June 28th. The stock was sold at an average price of $29.04, for a total value of $2,904,000.00. Following the completion of the sale, the insider now directly owns 23,574,164 shares in the company, valued at approximately $684,593,722.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, major shareholder Aimee Katz sold 100,000 shares of Zurn Elkay Water Solutions stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $29.04, for a total transaction of $2,904,000.00. Following the sale, the insider now owns 23,574,164 shares in the company, valued at $684,593,722.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Timothy J. Jahnke sold 15,600 shares of the business's stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $33.03, for a total value of $515,268.00. Following the completion of the transaction, the director now owns 385,017 shares in the company, valued at approximately $12,717,111.51. The disclosure for this sale can be found here. In the last quarter, insiders sold 190,812 shares of company stock worth $5,865,786. 3.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Sanctuary Advisors LLC acquired a new position in Zurn Elkay Water Solutions in the second quarter worth $1,921,000. B. Riley Wealth Advisors Inc. bought a new position in shares of Zurn Elkay Water Solutions during the second quarter valued at approximately $431,000. Quarry LP raised its position in shares of Zurn Elkay Water Solutions by 178.7% during the 2nd quarter. Quarry LP now owns 836 shares of the company's stock worth $25,000 after purchasing an additional 536 shares during the period. Creative Planning lifted its holdings in shares of Zurn Elkay Water Solutions by 17.8% in the 2nd quarter. Creative Planning now owns 15,101 shares of the company's stock worth $444,000 after purchasing an additional 2,281 shares during the last quarter. Finally, Algert Global LLC bought a new position in Zurn Elkay Water Solutions during the 2nd quarter worth $433,000. Institutional investors own 83.33% of the company's stock.

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.