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

Shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the six brokerages that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $38.67.

Separately, Stifel Nicolaus lifted their target price on shares of Zurn Elkay Water Solutions from $38.00 to $39.00 and gave the company a "hold" rating in a research report on Friday, January 24th.

Zurn Elkay Water Solutions Trading Down 1.6 %

NYSE ZWS traded down $0.58 during trading hours on Friday, reaching $34.85. The company's stock had a trading volume of 527,889 shares, compared to its average volume of 987,416. The stock has a market cap of $5.93 billion, a P/E ratio of 37.93, a P/E/G ratio of 2.01 and a beta of 1.15. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.91 and a quick ratio of 1.81. Zurn Elkay Water Solutions has a 52 week low of $28.25 and a 52 week high of $41.15. The firm has a fifty day simple moving average of $37.28 and a 200-day simple moving average of $36.60.

Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.28 by $0.04. Zurn Elkay Water Solutions had a return on equity of 14.03% and a net margin of 10.23%. Equities analysts forecast that Zurn Elkay Water Solutions will post 1.36 earnings per share for the current fiscal year.

Zurn Elkay Water Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Thursday, February 20th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Thursday, February 20th. Zurn Elkay Water Solutions's dividend payout ratio (DPR) is currently 39.13%.

Insider Buying and Selling

In other Zurn Elkay Water Solutions news, CFO David J. Pauli sold 8,390 shares of the business's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $35.47, for a total transaction of $297,593.30. Following the completion of the transaction, the chief financial officer now owns 59,410 shares in the company, valued at $2,107,272.70. The trade was a 12.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Aimee Katz sold 8,912,500 shares of Zurn Elkay Water Solutions stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $33.60, for a total transaction of $299,460,000.00. Following the transaction, the insider now directly owns 15,002,819 shares in the company, valued at approximately $504,094,718.40. The trade was a 37.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Zurn Elkay Water Solutions

Large investors have recently modified their holdings of the business. GAMMA Investing LLC boosted its stake in shares of 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 buying an additional 544 shares during the last quarter. Atala Financial Inc purchased a new stake in shares of Zurn Elkay Water Solutions in the 4th quarter valued at approximately $44,000. Tsfg LLC purchased a new stake in Zurn Elkay Water Solutions in the fourth quarter valued at $56,000. Tortoise Investment Management LLC raised its stake in shares of Zurn Elkay Water Solutions by 77.4% in the 4th quarter. Tortoise Investment Management LLC now owns 1,731 shares of the company's stock valued at $65,000 after acquiring an additional 755 shares during the period. Finally, Caisse Des Depots ET Consignations acquired a new position in shares of Zurn Elkay Water Solutions in the 4th quarter worth approximately $82,000. Hedge funds and other 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.