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

Shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS - Get Free Report) have earned a consensus rating of "Hold" from the seven research firms that are covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $36.43.

Several analysts have recently weighed in on the stock. Robert W. Baird lowered their target price on shares of Zurn Elkay Water Solutions from $42.00 to $39.00 and set a "neutral" rating on the stock in a report on Thursday. The Goldman Sachs Group dropped their target price on Zurn Elkay Water Solutions from $39.00 to $34.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. BNP Paribas downgraded Zurn Elkay Water Solutions from an "outperform" rating to a "neutral" rating and set a $29.00 target price for the company. in a research note on Wednesday, April 9th. Finally, Stifel Nicolaus lifted their price target on Zurn Elkay Water Solutions from $34.00 to $39.00 and gave the company a "buy" rating in a research note on Thursday.

Zurn Elkay Water Solutions Trading Up 0.3 %

NYSE ZWS opened at $33.83 on Friday. Zurn Elkay Water Solutions has a 12 month low of $27.74 and a 12 month high of $41.15. The company has a market capitalization of $5.71 billion, a price-to-earnings ratio of 36.77, a price-to-earnings-growth ratio of 2.01 and a beta of 1.08. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.91 and a quick ratio of 1.81. The firm's fifty day moving average price is $32.65 and its 200 day moving average price is $36.22.

Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.02. Zurn Elkay Water Solutions had a return on equity of 14.03% and a net margin of 10.23%. The business had revenue of $388.80 million during the quarter, compared to the consensus estimate of $383.87 million. During the same period in the prior year, the company earned $0.29 earnings per share. On average, sell-side analysts expect that Zurn Elkay Water Solutions will post 1.36 earnings per share for the current fiscal year.

Zurn Elkay Water Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Thursday, February 20th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.06%. The ex-dividend date was Thursday, February 20th. Zurn Elkay Water Solutions's dividend payout ratio (DPR) is 36.36%.

Insider Activity

In other news, major shareholder Aimee Katz sold 8,912,500 shares of the stock in a transaction dated 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 owns 15,002,819 shares of the company's stock, valued at approximately $504,094,718.40. This trade represents a 37.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO David J. Pauli sold 8,390 shares of the business's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $35.47, for a total value of $297,593.30. Following the completion of the sale, the chief financial officer now owns 59,410 shares of the company's stock, valued at $2,107,272.70. This trade represents a 12.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.60% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC lifted its stake in shares of 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 acquiring an additional 544 shares during the period. Atala Financial Inc acquired a new stake in Zurn Elkay Water Solutions in the fourth quarter worth approximately $44,000. Tsfg LLC bought a new position in Zurn Elkay Water Solutions during the 4th quarter valued at $56,000. Tortoise Investment Management LLC increased its position in shares of Zurn Elkay Water Solutions by 77.4% during the 4th quarter. Tortoise Investment Management LLC now owns 1,731 shares of the company's stock valued at $65,000 after purchasing an additional 755 shares during the period. Finally, Caisse Des Depots ET Consignations bought a new stake in shares of Zurn Elkay Water Solutions in the 4th quarter worth $82,000. Institutional investors own 83.33% of the company's stock.

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.

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