Should I buy or sell Zurn Elkay Water Solutions stock right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Zurn Elkay Water Solutions in the last twelve months. There are currently 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" ZWS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ZWS, but not buy additional shares or sell existing shares. View ZWS analyst ratings or view top-rated stocks .

What is Zurn Elkay Water Solutions' stock price target for 2024?

8 brokers have issued 1-year price objectives for Zurn Elkay Water Solutions' shares. Their ZWS share price targets range from $29.00 to $40.00. On average, they expect the company's share price to reach $32.75 in the next twelve months. This suggests a possible upside of 3.6% from the stock's current price. View analysts price targets for ZWS or view top-rated stocks among Wall Street analysts .

How have ZWS shares performed in 2024?

Zurn Elkay Water Solutions' stock was trading at $29.41 at the beginning of the year. Since then, ZWS shares have increased by 7.5% and is now trading at $31.62. View the best growth stocks for 2024 here .

When is Zurn Elkay Water Solutions' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024. View our ZWS earnings forecast .

How can I listen to Zurn Elkay Water Solutions' earnings call?

Zurn Elkay Water Solutions will be holding an earnings conference call on Wednesday, April 24th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link .

How were Zurn Elkay Water Solutions' earnings last quarter?

Zurn Elkay Water Solutions Co. (NYSE:ZWS) issued its earnings results on Monday, February, 5th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.03. The company earned $356.80 million during the quarter, compared to analyst estimates of $350.55 million. Zurn Elkay Water Solutions had a trailing twelve-month return on equity of 10.75% and a net margin of 7.36%. The company's revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.16 earnings per share.

How often does Zurn Elkay Water Solutions pay dividends? What is the dividend yield for Zurn Elkay Water Solutions?

Zurn Elkay Water Solutions declared a quarterly dividend on Thursday, February 1st. Investors of record on Tuesday, February 20th will be paid a dividend of $0.08 per share on Thursday, March 7th. This represents a $0.32 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Friday, February 16th. Read our dividend analysis for ZWS .

Is Zurn Elkay Water Solutions a good dividend stock?

Zurn Elkay Water Solutions (NYSE:ZWS) pays an annual dividend of $0.32 per share and currently has a dividend yield of 1.01%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 49.23%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ZWS will have a dividend payout ratio of 24.81% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for ZWS .

What ETFs hold Zurn Elkay Water Solutions' stock?

ETFs with the largest weight of Zurn Elkay Water Solutions (NYSE:ZWS) stock in their portfolio include Newday Ocean Health ETF (AHOY) , Global X Clean Water ETF (AQWA) , First Trust Water ETF (FIW) , Invesco S&P Global Water Index ETF (CGW) , iShares MSCI Water Management Multisector ETF (IWTR) , Ecofin Global Water ESG Fund (EBLU) , Invesco Water Resources ETF (PHO) and AlphaMark Actively Managed Small Cap ETF (SMCP) .

Who are Zurn Elkay Water Solutions' major shareholders?

Zurn Elkay Water Solutions' stock is owned by a variety of institutional and retail investors. Top institutional investors include Allspring Global Investments Holdings LLC (0.40%), Perpetual Ltd (0.10%), Los Angeles Capital Management LLC (0.02%), LVW Advisors LLC (0.01%), AlphaMark Advisors LLC (0.01%) and Cannon Global Investment Management LLC (0.01%). Insiders that own company stock include Chirag Dua , Craig Wehr , Ice Mountain Llc, Jacques Donavon Butler , Jeffrey A Schoon, Mark W Peterson , Michael Troutman , Patricia M Whaley , Rodney Jackson , Sudhanshu Chhabra , Thomas Christopoul , Timothy J Jahnke and Todd A Adams . View institutional ownership trends .

How do I buy shares of Zurn Elkay Water Solutions?

Shares of ZWS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:ZWS

Zurn Elkay Water Solutions (ZWS) Stock Price, News & Analysis

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Free ZWS Stock Alerts

$31.62

+0.34 (+1.09%)

(As of 04/18/2024 ET)

Compare

Today's Range: $31.27
▼
$31.87
50-Day Range: $30.95
▼
$33.47
52-Week Range: $20.06
▼
$34.58

Volume: 969,254 shs
Average Volume: 957,833 shs
Market Capitalization: $5.47 billion

P/E Ratio: 48.65
Dividend Yield: 1.01%
Price Target: $32.75

Get Zurn Elkay Water Solutions alerts:

Zurn Elkay Water Solutions MarketRank™ Stock Analysis

Analyst Rating: Hold
2.38 Rating Score
Upside/Downside: 3.6% Upside
$32.75 Price Target
Short Interest: Healthy
3.80% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.81
Based on 15 Articles This Week
Insider Trading: Selling Shares
$14.57 M Sold Last Quarter
Proj. Earnings Growth: 12.17%
From $1.15 to $1.29 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.50 out of 5 stars

Industrial Products Sector

110th out of 163 stocks

General Industrial Machinery & Equipment Industry

6th out of 8 stocks

1.2

Analyst's Opinion

Consensus Rating
Zurn Elkay Water Solutions has received a consensus rating of Hold. The company's average rating score is 2.38, and is based on 3 buy ratings, 5 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Zurn Elkay Water Solutions has only been the subject of 3 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
3.80% of the float of Zurn Elkay Water Solutions has been sold short.
Short Interest Ratio / Days to Cover
Zurn Elkay Water Solutions has a short interest ratio ("days to cover") of 5.6.
Change versus previous month
Short interest in Zurn Elkay Water Solutions has recently decreased by 6.70%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Yield
Zurn Elkay Water Solutions pays a meaningful dividend of 1.01%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Zurn Elkay Water Solutions has only been increasing its dividend for 2 years.
Dividend Coverage
The dividend payout ratio of Zurn Elkay Water Solutions is 49.23%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Zurn Elkay Water Solutions will have a dividend payout ratio of 24.81% next year. This indicates that Zurn Elkay Water Solutions will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for ZWS.

3.2

News and Social Media Coverage

News Sentiment
Zurn Elkay Water Solutions has a news sentiment score of 0.81. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.60 average news sentiment score of Industrial Products companies.
News Coverage This Week
MarketBeat has tracked 15 news articles for Zurn Elkay Water Solutions this week, compared to 3 articles on an average week.
Search Interest
1 people have searched for ZWS on MarketBeat in the last 30 days.
MarketBeat Follows
Only 5 people have added Zurn Elkay Water Solutions to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Zurn Elkay Water Solutions insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $14,573,307.00 in company stock.
Percentage Held by Insiders
Only 3.80% of the stock of Zurn Elkay Water Solutions is held by insiders.
Percentage Held by Institutions
83.33% of the stock of Zurn Elkay Water Solutions is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Zurn Elkay Water Solutions are expected to grow by 12.17% in the coming year, from $1.15 to $1.29 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Zurn Elkay Water Solutions is 48.65, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 143.41.
Price to Earnings Ratio vs. Sector
The P/E ratio of Zurn Elkay Water Solutions is 48.65, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 20.36.
Price to Earnings Growth Ratio
Zurn Elkay Water Solutions has a PEG Ratio of 1.76. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Zurn Elkay Water Solutions has a P/B Ratio of 3.41. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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About Zurn Elkay Water Solutions Stock (NYSE:ZWS)

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. The company also provides flow systems products comprising point drains, hydrants, fixture carrier systems, chemical drainage systems; and interceptors and separators, acid neutralization systems, and remote monitoring systems under the Zurn and Green Turtle brands. In addition, it develops, manufactures, and markets remote tank monitoring devices, alarms, software, and services. Further, the company offers sensor-operated flush valves under the AquaSense, Aquaflush, and AquaVantage brands; heavy-duty commercial faucets under the AquaSpec brand; water conserving fixtures under the EcoVantage and Zurn One brands; stainless steel products under the Just Manufacturing brand name, which include stainless steel sinks and plumbing fixtures, and various types of sinks, as well as drinking water dispensing and filtration products under the Elkay and Halsey Taylor brands. It distributes to institutional, commercial, waterworks, and residential end markets through independent sales representatives, plumbing wholesalers, and industry-specific distributors in the waterworks, foodservice, industrial, janitorial, sanitation, and sitework industries. The company was formerly known as Zurn Water Solutions Corporation and changed its name to Zurn Elkay Water Solutions Corporation in July 2022. Zurn Elkay Water Solutions Corporation was incorporated in 1892 and is headquartered in Milwaukee, Wisconsin.

ZWS Stock Price History

30 days | 90 days | 365 days | Advanced Chart

ZWS Stock News Headlines

April 18, 2024 | insidertrades.com

Insider Selling: Zurn Elkay Water Solutions Co. (NYSE:ZWS) Major Shareholder Sells 103,768 Shares of Stock

April 16, 2024 | insidertrades.com

Ice Mountain Llc Sells 1,223 Shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS) Stock

April 18, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

April 10, 2024 | insidertrades.com

Ice Mountain Llc Sells 49,828 Shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS) Stock

April 18, 2024 | benzinga.com

Zurn Elkay Water 10% Owner Sold $3.32M In Company Stock

April 16, 2024 | benzinga.com

Zurn Elkay Water 10% Owner Trades $1.49M In Company Stock

April 16, 2024 | americanbankingnews.com

Zurn Elkay Water Solutions Co. (NYSE:ZWS) Major Shareholder Ice Mountain Llc Sells 1,223 Shares of Stock

April 16, 2024 | americanbankingnews.com

Zurn Elkay Water Solutions (ZWS) Scheduled to Post Quarterly Earnings on Tuesday

April 18, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

April 14, 2024 | americanbankingnews.com

Oppenheimer Increases Zurn Elkay Water Solutions (NYSE:ZWS) Price Target to $37.00

April 11, 2024 | investing.com

Zurn Elkay Water Solutions insiders sell over $3.2 million in stock

April 10, 2024 | finance.yahoo.com

Zurn Elkay Water Solutions Schedules First Quarter 2024 Earnings Release and Investor Conference Call

April 10, 2024 | businesswire.com

Zurn Elkay Water Solutions Schedules First Quarter 2024 Earnings Release and Investor Conference Call

April 10, 2024 | benzinga.com

Ice Mountain LLC Implements A Sell Strategy: Offloads $3.21M In Zurn Elkay Water Stock

April 10, 2024 | americanbankingnews.com

Zurn Elkay Water Solutions Co. (NYSE:ZWS) Major Shareholder Ice Mountain Llc Sells 50,172 Shares

April 10, 2024 | americanbankingnews.com

Zurn Elkay Water Solutions Co. (NYSE:ZWS) Major Shareholder Ice Mountain Llc Sells 49,828 Shares of Stock

April 9, 2024 | americanbankingnews.com

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

April 3, 2024 | finance.yahoo.com

Estimating The Intrinsic Value Of Zurn Elkay Water Solutions Corporation (NYSE:ZWS)

March 22, 2024 | msn.com

TimesSqure U.S. Small Cap Growth Strategy Sold Zurn Elkay Water Solutions Corporation (ZWS) as it Reached the Target

March 20, 2024 | businesswire.com

Zurn Elkay Water Solutions Named a 2024 Top Workplace USA

March 16, 2024 | ca.finance.yahoo.com

POWL Aug 2024 260.000 call

March 16, 2024 | ca.finance.yahoo.com

POWL Dec 2024 160.000 call

March 1, 2024 | finance.yahoo.com

Could Zurn Elkay Water Solutions Corporation's (NYSE:ZWS) Weak Financials Mean That The Market Could Correct Its Share Price?

February 24, 2024 | msn.com

Zurn Elkay Water Solutions (ZWS) Price Target Increased by 9.81% to 34.24

February 22, 2024 | finance.yahoo.com

Zurn Elkay Water Solutions Publishes 2023 Sustainability Report

February 22, 2024 | businesswire.com

Zurn Elkay Water Solutions Publishes 2023 Sustainability Report

February 13, 2024 | benzinga.com

Major Exercise Alert: Thomas Christopoul Exercises Options Worth $176K At Zurn Elkay Water

See More Headlines

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Company Calendar

Last Earnings: 2/05/2024
Ex-Dividend for 3/7 Dividend: 2/16/2024
Dividend Payable: 3/07/2024
Today: 4/18/2024
Next Earnings (Confirmed): 4/23/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Industrial Products
Industry: General industrial machinery & equipment
Sub-Industry: N/A
Current Symbol: NYSE:ZWS
CUSIP: N/A
CIK: 1439288
Web: www.rexnord.com
Phone: (855) 480-5050
Fax: 414-643-3078
Employees: 2,400
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $32.75
High Stock Price Target: $40.00
Low Stock Price Target: $29.00
Potential Upside/Downside: +3.6%
Consensus Rating: Hold
Rating Score (0-4): 2.38
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.65
Trailing P/E Ratio: 48.65
Forward P/E Ratio: 27.50
P/E Growth: 1.76
Net Income: $112.70 million
Net Margins: 7.36%
Pretax Margin: 9.59%
Return on Equity: 10.75%
Return on Assets: 6.21%

Debt

Debt-to-Equity Ratio: 0.31
Current Ratio: 3.02
Quick Ratio: 1.77

Sales & Book Value

Annual Sales: $1.53 billion
Price / Sales: 3.58
Cash Flow: $1.50 per share
Price / Cash Flow: 21.08
Book Value: $9.27 per share
Price / Book: 3.41

Miscellaneous

Outstanding Shares: 173,130,000
Free Float: 166,555,000
Market Cap: $5.47 billion
Optionable: Optionable
Beta: 1.22

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Key Executives

David Pauli
Vice President of Investor Relations

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

ZWS Stock Analysis - Frequently Asked Questions

Should I buy or sell Zurn Elkay Water Solutions stock right now?: 8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Zurn Elkay Water Solutions in the last twelve months. There are currently 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" ZWS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ZWS, but not buy additional shares or sell existing shares.
View ZWS analyst ratings or view top-rated stocks.
What is Zurn Elkay Water Solutions' stock price target for 2024?: 8 brokers have issued 1-year price objectives for Zurn Elkay Water Solutions' shares. Their ZWS share price targets range from $29.00 to $40.00. On average, they expect the company's share price to reach $32.75 in the next twelve months. This suggests a possible upside of 3.6% from the stock's current price.
View analysts price targets for ZWS or view top-rated stocks among Wall Street analysts.
How have ZWS shares performed in 2024?: Zurn Elkay Water Solutions' stock was trading at $29.41 at the beginning of the year. Since then, ZWS shares have increased by 7.5% and is now trading at $31.62.
View the best growth stocks for 2024 here.
When is Zurn Elkay Water Solutions' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024.
View our ZWS earnings forecast.
How can I listen to Zurn Elkay Water Solutions' earnings call?: Zurn Elkay Water Solutions will be holding an earnings conference call on Wednesday, April 24th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.
How were Zurn Elkay Water Solutions' earnings last quarter?: Zurn Elkay Water Solutions Co. (NYSE:ZWS) issued its earnings results on Monday, February, 5th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.03. The company earned $356.80 million during the quarter, compared to analyst estimates of $350.55 million. Zurn Elkay Water Solutions had a trailing twelve-month return on equity of 10.75% and a net margin of 7.36%. The company's revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.16 earnings per share.

How often does Zurn Elkay Water Solutions pay dividends? What is the dividend yield for Zurn Elkay Water Solutions?: Zurn Elkay Water Solutions declared a quarterly dividend on Thursday, February 1st. Investors of record on Tuesday, February 20th will be paid a dividend of $0.08 per share on Thursday, March 7th. This represents a $0.32 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Friday, February 16th.
Read our dividend analysis for ZWS.
Is Zurn Elkay Water Solutions a good dividend stock?: Zurn Elkay Water Solutions (NYSE:ZWS) pays an annual dividend of $0.32 per share and currently has a dividend yield of 1.01%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 49.23%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ZWS will have a dividend payout ratio of 24.81% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ZWS.
What ETFs hold Zurn Elkay Water Solutions' stock?: ETFs with the largest weight of Zurn Elkay Water Solutions (NYSE:ZWS) stock in their portfolio include Newday Ocean Health ETF (AHOY), Global X Clean Water ETF (AQWA), First Trust Water ETF (FIW), Invesco S&P Global Water Index ETF (CGW), iShares MSCI Water Management Multisector ETF (IWTR), Ecofin Global Water ESG Fund (EBLU), Invesco Water Resources ETF (PHO) and AlphaMark Actively Managed Small Cap ETF (SMCP).
Who are Zurn Elkay Water Solutions' major shareholders?: Zurn Elkay Water Solutions' stock is owned by a variety of institutional and retail investors. Top institutional investors include Allspring Global Investments Holdings LLC (0.40%), Perpetual Ltd (0.10%), Los Angeles Capital Management LLC (0.02%), LVW Advisors LLC (0.01%), AlphaMark Advisors LLC (0.01%) and Cannon Global Investment Management LLC (0.01%). Insiders that own company stock include Chirag Dua, Craig Wehr, Ice Mountain Llc, Jacques Donavon Butler, Jeffrey A Schoon, Mark W Peterson, Michael Troutman, Patricia M Whaley, Rodney Jackson, Sudhanshu Chhabra, Thomas Christopoul, Timothy J Jahnke and Todd A Adams.
View institutional ownership trends.
How do I buy shares of Zurn Elkay Water Solutions?: Shares of ZWS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:ZWS) was last updated on 4/18/2024 by MarketBeat.com Staff

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