Zurn Elkay Water Solutions Co. (NYSE:ZWS) Receives Consensus Rating of "Hold" from Analysts

Zurn Elkay Water Solutions Co. (NYSE:ZWS - Get Free Report) has received a consensus recommendation of "Hold" from the seven brokerages that are presently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $38.17.

A number of research analysts have recently commented on the stock. Oppenheimer upped 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. Mizuho raised their price target on shares of Zurn Elkay Water Solutions from $34.00 to $37.00 and gave the stock a "neutral" rating in a research note on Thursday, October 31st. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Zurn Elkay Water Solutions from $35.00 to $37.00 and gave the company a "buy" rating in a report on Thursday, August 1st. 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 report on Thursday, October 31st. Finally, Stifel Nicolaus raised their price objective on Zurn Elkay Water Solutions from $34.00 to $36.00 and gave the stock a "hold" rating in a research report on Wednesday, October 16th.

Zurn Elkay Water Solutions Stock Down 0.3 %

Shares of Zurn Elkay Water Solutions stock traded down $0.11 during trading hours on Wednesday, hitting $38.81. 560,844 shares of the company's stock traded hands, compared to its average volume of 1,112,942. The stock has a 50 day simple moving average of $36.43 and a 200-day simple moving average of $32.94. The company has a market cap of $6.59 billion, a PE ratio of 49.13, a PEG ratio of 1.97 and a beta of 1.14. Zurn Elkay Water Solutions has a twelve month low of $27.55 and a twelve month high of $40.64. The company has a quick ratio of 1.71, a current ratio of 2.70 and a debt-to-equity ratio of 0.31.

Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. The firm had revenue of $410.00 million for 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%. Zurn Elkay Water Solutions's revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.29 earnings per share. Equities research analysts anticipate that Zurn Elkay Water Solutions will post 1.24 earnings per share for the current fiscal year.

Zurn Elkay Water Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Wednesday, November 20th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Wednesday, November 20th. This is an increase from Zurn Elkay Water Solutions's previous quarterly dividend of $0.08. Zurn Elkay Water Solutions's payout ratio is currently 45.57%.

Insider Activity at Zurn Elkay Water Solutions

In other Zurn Elkay Water Solutions news, CEO Todd A. Adams sold 120,000 shares of the firm's stock in a transaction on 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 completion of the sale, the chief executive officer now owns 2,242,867 shares of the company's stock, valued at $89,333,392.61. This trade represents a 5.08 % 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, Director Timothy J. Jahnke sold 15,600 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $33.03, for a total value of $515,268.00. Following the completion of the sale, the director now owns 385,017 shares in the company, valued at approximately $12,717,111.51. The trade was a 3.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 225,688 shares of company stock valued at $8,400,151 over the last ninety days. 3.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Zurn Elkay Water Solutions

A number of institutional investors have recently added to or reduced their stakes in ZWS. MQS Management LLC acquired a new stake in shares of Zurn Elkay Water Solutions during the first quarter worth $475,000. EntryPoint Capital LLC lifted its position in shares of Zurn Elkay Water Solutions by 649.1% in the first quarter. EntryPoint Capital LLC now owns 1,603 shares of the company's stock worth $54,000 after buying an additional 1,389 shares during the last quarter. LRI Investments LLC bought a new position in shares of Zurn Elkay Water Solutions in the first quarter worth about $188,000. Epoch Investment Partners Inc. bought a new position in shares of Zurn Elkay Water Solutions during the 1st quarter worth about $7,674,000. Finally, Lazard Asset Management LLC acquired a new position in shares of Zurn Elkay Water Solutions in the first quarter valued at $1,068,000. 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.