HighPoint Advisor Group LLC Has $10.19 Million Stake in Zurn Elkay Water Solutions Co. (NYSE:ZWS)

HighPoint Advisor Group LLC boosted its stake in Zurn Elkay Water Solutions Co. (NYSE:ZWS - Free Report) by 99.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 275,545 shares of the company's stock after purchasing an additional 137,683 shares during the quarter. HighPoint Advisor Group LLC owned about 0.16% of Zurn Elkay Water Solutions worth $10,190,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of ZWS. Barclays PLC boosted its position in Zurn Elkay Water Solutions by 85.7% during the 3rd quarter. Barclays PLC now owns 304,731 shares of the company's stock worth $10,952,000 after purchasing an additional 140,624 shares during the period. Principal Financial Group Inc. boosted its position in shares of Zurn Elkay Water Solutions by 49.6% in the third quarter. Principal Financial Group Inc. now owns 2,619,953 shares of the company's stock worth $94,161,000 after buying an additional 868,748 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Zurn Elkay Water Solutions by 25.6% in the third quarter. JPMorgan Chase & Co. now owns 1,615,944 shares of the company's stock valued at $58,077,000 after buying an additional 329,563 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Zurn Elkay Water Solutions by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 3,256,457 shares of the company's stock valued at $117,060,000 after buying an additional 35,570 shares during the period. Finally, Perpetual Ltd lifted its position in Zurn Elkay Water Solutions by 8.4% during the 4th quarter. Perpetual Ltd now owns 214,189 shares of the company's stock worth $7,989,000 after acquiring an additional 16,520 shares in the last quarter. Institutional investors and hedge funds own 83.33% of the company's stock.

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Zurn Elkay Water Solutions Stock Performance

ZWS traded down $2.83 during trading on Thursday, reaching $30.66. 1,372,832 shares of the company were exchanged, compared to its average volume of 1,084,861. The company has a current ratio of 2.91, a quick ratio of 1.81 and a debt-to-equity ratio of 0.31. The stock has a market cap of $5.17 billion, a P/E ratio of 33.32, a PEG ratio of 2.01 and a beta of 1.16. Zurn Elkay Water Solutions Co. has a 52 week low of $28.25 and a 52 week high of $41.15. The firm has a 50 day moving average of $35.57 and a 200 day moving average of $36.89.

Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.28 by $0.04. Zurn Elkay Water Solutions had a net margin of 10.23% and a return on equity of 14.03%. On average, sell-side analysts forecast that Zurn Elkay Water Solutions Co. will post 1.36 EPS for the current fiscal year.

Zurn Elkay Water Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Thursday, February 20th were given a dividend of $0.09 per share. The ex-dividend date was Thursday, February 20th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.17%. Zurn Elkay Water Solutions's dividend payout ratio (DPR) is 39.13%.

Insider Transactions at Zurn Elkay Water Solutions

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ZWS shares. Stifel Nicolaus lifted their price target on shares of 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. The Goldman Sachs Group cut their price target on Zurn Elkay Water Solutions from $39.00 to $34.00 and set a "neutral" rating on the stock in a research note on Wednesday. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $37.67.

Zurn Elkay Water Solutions 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.