Zurn Elkay Water Solutions Co. (NYSE:ZWS) Given Average Rating of "Moderate Buy" by Analysts

Shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the six ratings firms that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $38.67.

Several brokerages have recently commented on ZWS. Robert W. Baird increased their price target on shares of Zurn Elkay Water Solutions from $37.00 to $39.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. Mizuho increased their target price on 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 target on Zurn Elkay Water Solutions from $37.00 to $40.00 and gave the company an "outperform" rating in a report on Tuesday, October 22nd. Finally, Stifel Nicolaus raised their price objective on Zurn Elkay Water Solutions from $38.00 to $39.00 and gave the stock a "hold" rating in a research note on Friday, January 24th.

Zurn Elkay Water Solutions Stock Up 0.4 %

Shares of ZWS traded up $0.15 during trading on Monday, reaching $38.24. The company's stock had a trading volume of 1,052,534 shares, compared to its average volume of 915,797. The company has a market cap of $6.49 billion, a price-to-earnings ratio of 48.41, a P/E/G ratio of 1.83 and a beta of 1.15. The company has a quick ratio of 1.71, a current ratio of 2.70 and a debt-to-equity ratio of 0.31. The company has a fifty day moving average of $38.52 and a two-hundred day moving average of $35.97. Zurn Elkay Water Solutions has a twelve month low of $28.25 and a twelve month high of $41.15.

Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.04. Zurn Elkay Water Solutions had a net margin of 8.87% and a return on equity of 13.30%. On average, sell-side analysts predict that Zurn Elkay Water Solutions will post 1.24 EPS for the current fiscal year.

Zurn Elkay Water Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Thursday, February 20th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.94%. The ex-dividend date is Thursday, February 20th. Zurn Elkay Water Solutions's dividend payout ratio (DPR) is 45.57%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Quarry LP boosted its holdings in shares of Zurn Elkay Water Solutions by 178.7% during the second 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 boosted its stake in Zurn Elkay Water Solutions by 138.4% during the 4th quarter. GAMMA Investing LLC now owns 937 shares of the company's stock valued at $35,000 after purchasing an additional 544 shares during the period. V Square Quantitative Management LLC acquired a new position in Zurn Elkay Water Solutions during the 3rd quarter valued at about $36,000. Tsfg LLC bought a new position in Zurn Elkay Water Solutions in the 4th quarter worth about $56,000. Finally, KBC Group NV increased its stake 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 purchasing an additional 688 shares during the period. 83.33% of the stock is currently owned by institutional investors.

About Zurn Elkay Water Solutions

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.