Brokerages Set Zurn Elkay Water Solutions Co. (NYSE:ZWS) Target Price at $29.00

Zurn Elkay Water Solutions Co. (NYSE:ZWSGet Rating) has received a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $29.00.

ZWS has been the topic of several research analyst reports. KeyCorp dropped their target price on shares of Zurn Elkay Water Solutions from $34.00 to $32.00 and set an “overweight” rating on the stock in a research report on Friday, October 14th. Oppenheimer dropped their price objective on shares of Zurn Elkay Water Solutions from $30.00 to $28.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 21st. Stifel Nicolaus dropped their target price on shares of Zurn Elkay Water Solutions from $32.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, October 11th. Mizuho lowered their target price on shares of Zurn Elkay Water Solutions from $31.00 to $26.00 and set a “buy” rating on the stock in a report on Friday, January 13th. Finally, Robert W. Baird cut shares of Zurn Elkay Water Solutions from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $27.00 to $26.00 in a research note on Tuesday, December 20th.

Zurn Elkay Water Solutions Stock Down 1.5 %

Shares of NYSE ZWS opened at $22.10 on Friday. The company has a current ratio of 2.44, a quick ratio of 1.22 and a debt-to-equity ratio of 0.33. Zurn Elkay Water Solutions has a 12-month low of $20.65 and a 12-month high of $36.82. The stock has a market capitalization of $3.93 billion, a price-to-earnings ratio of -200.91, a P/E/G ratio of 1.41 and a beta of 1.27. The firm’s 50-day moving average price is $23.03 and its 200-day moving average price is $25.70.

Zurn Elkay Water Solutions (NYSE:ZWSGet Rating) last issued its earnings results on Tuesday, October 25th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. Zurn Elkay Water Solutions had a negative net margin of 1.61% and a positive return on equity of 26.79%. The business had revenue of $417.70 million for the quarter, compared to the consensus estimate of $420.47 million. On average, equities research analysts anticipate that Zurn Elkay Water Solutions will post 0.96 EPS for the current fiscal year.

Zurn Elkay Water Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 7th. Investors of record on Friday, November 18th were given a $0.07 dividend. The ex-dividend date was Thursday, November 17th. This represents a $0.28 dividend on an annualized basis and a yield of 1.27%. Zurn Elkay Water Solutions’s dividend payout ratio is presently -254.55%.

Institutional Trading of Zurn Elkay Water Solutions

A number of hedge funds have recently bought and sold shares of the company. Larson Financial Group LLC acquired a new stake in shares of Zurn Elkay Water Solutions in the second quarter worth $42,000. Point72 Hong Kong Ltd acquired a new stake in shares of Zurn Elkay Water Solutions in the first quarter valued at $64,000. Arlington Partners LLC acquired a new stake in shares of Zurn Elkay Water Solutions in the second quarter valued at $116,000. Benjamin F. Edwards & Company Inc. increased its position in Zurn Elkay Water Solutions by 21.4% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 4,341 shares of the company’s stock worth $106,000 after purchasing an additional 766 shares during the period. Finally, Natixis Investment Managers International acquired a new stake in Zurn Elkay Water Solutions in the second quarter worth about $137,000. 74.65% of the stock is owned by hedge funds and other institutional investors.

Zurn Elkay Water Solutions Company Profile

(Get Rating)

Zurn Elkay 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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Analyst Recommendations for Zurn Elkay Water Solutions (NYSE:ZWS)

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