Zurn Elkay Water Solutions Co. (NYSE:ZWS) Receives $37.67 Consensus Target Price from Analysts

Zurn Elkay Water Solutions Co. (NYSE:ZWS - Get Free Report) has earned a consensus rating of "Hold" from the six analysts that are covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $37.67.

ZWS has been the subject of a number of research analyst reports. The Goldman Sachs Group lowered their price target on Zurn Elkay Water Solutions from $39.00 to $34.00 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. Stifel Nicolaus raised their target price on Zurn Elkay Water Solutions from $38.00 to $39.00 and gave the company a "hold" rating in a research note on Friday, January 24th.

Insider Buying and Selling at Zurn Elkay Water Solutions

In other news, CFO David J. Pauli sold 8,390 shares of the company's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $35.47, for a total value of $297,593.30. Following the completion of the transaction, the chief financial officer now directly owns 59,410 shares in the company, valued at approximately $2,107,272.70. This represents a 12.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Aimee Katz sold 8,912,500 shares of the business's stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $33.60, for a total transaction of $299,460,000.00. Following the completion of the sale, the insider now owns 15,002,819 shares of the company's stock, 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. Insiders own 2.60% of the company's stock.

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Institutional Trading of Zurn Elkay Water Solutions

Several institutional investors have recently added to or reduced their stakes in the business. Kayne Anderson Rudnick Investment Management LLC lifted its position in Zurn Elkay Water Solutions by 0.7% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 13,563,362 shares of the company's stock valued at $505,913,000 after purchasing an additional 91,758 shares during the last quarter. Invesco Ltd. raised its holdings in Zurn Elkay Water Solutions by 26.8% in the 4th quarter. Invesco Ltd. now owns 5,880,302 shares of the company's stock worth $219,335,000 after purchasing an additional 1,242,642 shares in the last quarter. State Street Corp lifted its position in shares of Zurn Elkay Water Solutions by 63.8% in the 3rd quarter. State Street Corp now owns 5,441,980 shares of the company's stock worth $195,585,000 after purchasing an additional 2,119,777 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Zurn Elkay Water Solutions by 6.5% during the 4th quarter. Janus Henderson Group PLC now owns 4,006,596 shares of the company's stock valued at $149,444,000 after purchasing an additional 245,258 shares in the last quarter. Finally, First Trust Advisors LP increased its position in shares of Zurn Elkay Water Solutions by 184.0% during the fourth quarter. First Trust Advisors LP now owns 3,556,599 shares of the company's stock valued at $132,661,000 after buying an additional 2,304,285 shares during the period. 83.33% of the stock is currently owned by hedge funds and other institutional investors.

Zurn Elkay Water Solutions Price Performance

Zurn Elkay Water Solutions stock traded down $0.05 during mid-day trading on Wednesday, reaching $29.60. 1,983,209 shares of the company were exchanged, compared to its average volume of 1,096,068. The firm has a market cap of $5.00 billion, a PE ratio of 32.17, a PEG 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 company has a fifty day simple moving average of $35.22 and a 200-day simple moving average of $36.86. Zurn Elkay Water Solutions has a 12 month low of $28.25 and a 12 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 EPS for the quarter, beating analysts' consensus estimates 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%. As a group, equities research 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 declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Thursday, February 20th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend was Thursday, February 20th. Zurn Elkay Water Solutions's payout ratio is 39.13%.

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.