Zurn Water Solutions Co. (NYSE:ZWS) to Issue Quarterly Dividend of $0.03

Zurn Water Solutions Co. (NYSE:ZWSGet Rating) declared a quarterly dividend on Friday, May 6th, Wall Street Journal reports. Investors of record on Friday, May 20th will be paid a dividend of 0.03 per share on Tuesday, June 7th. This represents a $0.12 annualized dividend and a yield of 0.42%. The ex-dividend date is Thursday, May 19th.

Shares of ZWS stock opened at $28.86 on Friday. The stock has a market cap of $3.64 billion, a P/E ratio of 35.20, a price-to-earnings-growth ratio of 1.38 and a beta of 1.38. Zurn Water Solutions has a one year low of $23.83 and a one year high of $38.31. The stock has a fifty day moving average price of $34.14 and a 200 day moving average price of $34.49. The company has a debt-to-equity ratio of 2.75, a current ratio of 2.42 and a quick ratio of 1.38.

Zurn Water Solutions (NYSE:ZWSGet Rating) last issued its earnings results on Tuesday, April 26th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.22 by $0.02. Zurn Water Solutions had a return on equity of 22.48% and a net margin of 6.33%. During the same period in the previous year, the company earned $0.47 earnings per share. Equities research analysts anticipate that Zurn Water Solutions will post 1.13 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in ZWS. BlackRock Inc. bought a new position in shares of Zurn Water Solutions in the fourth quarter valued at about $374,974,000. Goldman Sachs Group Inc. acquired a new stake in Zurn Water Solutions in the fourth quarter worth about $67,193,000. Allianz Asset Management GmbH acquired a new stake in Zurn Water Solutions in the fourth quarter worth about $17,160,000. Wells Fargo & Company MN acquired a new stake in Zurn Water Solutions in the fourth quarter worth about $14,137,000. Finally, Legal & General Group Plc acquired a new stake in Zurn Water Solutions in the fourth quarter worth about $11,669,000. 98.32% of the stock is owned by institutional investors and hedge funds.

ZWS has been the subject of a number of analyst reports. Zacks Investment Research cut Zurn Water Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, April 6th. Mizuho cut their price objective on Zurn Water Solutions from $43.00 to $39.00 in a report on Thursday, April 28th. Finally, Robert W. Baird raised Zurn Water Solutions from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $38.00 to $43.00 in a report on Tuesday, February 15th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $40.40.

Zurn Water Solutions Company Profile (Get Rating)

Zurn Water Solutions Corporation designs, procures, manufactures, and markets water system solutions that provide and enhance water quality, safety, flow control, and conservation in and around non-residential buildings. It offers finish plumbing, drainage and interceptors, water control and backflow, fire protection, PEX pipe fittings and accessories, and repair parts under the Zurn brand name; and hand and hair dryers, and baby changing stations under the World Dryer brand name.

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