Zurn Elkay Water Solutions Co. (NYSE:ZWS) Receives Average Rating of “Hold” from Analysts

Zurn Elkay Water Solutions Co. (NYSE:ZWS) has earned an average rating of “Hold” from the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $33.50.

Several equities analysts have weighed in on the stock. BNP Paribas began coverage on shares of Zurn Elkay Water Solutions in a report on Tuesday, March 12th. They issued an “outperform” rating and a $40.00 target price on the stock. Oppenheimer increased their price target on Zurn Elkay Water Solutions from $36.00 to $37.00 and gave the company an “outperform” rating in a research report on Friday, April 12th. Deutsche Bank Aktiengesellschaft dropped their price objective on Zurn Elkay Water Solutions from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Finally, Mizuho cut Zurn Elkay Water Solutions from a “buy” rating to a “neutral” rating and set a $34.00 target price for the company. in a research report on Friday, February 9th.

Zurn Elkay Water Solutions Trading Up 0.0 %

Zurn Elkay Water Solutions stock opened at $31.64 on Friday. The firm has a market cap of $5.46 billion, a PE ratio of 44.56, a P/E/G ratio of 1.65 and a beta of 1.21. The company has a current ratio of 3.31, a quick ratio of 1.95 and a debt-to-equity ratio of 0.31. The stock’s 50 day simple moving average is $31.97 and its two-hundred day simple moving average is $30.16. Zurn Elkay Water Solutions has a 12 month low of $20.70 and a 12 month high of $34.58.

Zurn Elkay Water Solutions (NYSE:ZWS) last released its earnings results on Tuesday, April 23rd. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.03. Zurn Elkay Water Solutions had a net margin of 8.11% and a return on equity of 11.85%. The business had revenue of $374.00 million during the quarter, compared to analysts’ expectations of $369.43 million. During the same quarter in the previous year, the company earned $0.18 earnings per share. The company’s quarterly revenue was up .5% on a year-over-year basis. Analysts anticipate that Zurn Elkay Water Solutions will post 1.18 earnings per share for the current year.

Zurn Elkay Water Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Monday, May 20th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, May 17th. This represents a $0.32 annualized dividend and a dividend yield of 1.01%. Zurn Elkay Water Solutions’s dividend payout ratio (DPR) is presently 45.07%.

Insider Buying and Selling

In other Zurn Elkay Water Solutions news, major shareholder Ice Mountain Llc sold 249,582 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $32.04, for a total transaction of $7,996,607.28. Following the sale, the insider now owns 24,505,660 shares in the company, valued at $785,161,346.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Zurn Elkay Water Solutions news, CEO Todd A. Adams sold 129,604 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $33.06, for a total value of $4,284,708.24. Following the sale, the chief executive officer now directly owns 1,828,550 shares in the company, valued at $60,451,863. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Ice Mountain Llc sold 249,582 shares of the company’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $32.04, for a total value of $7,996,607.28. Following the completion of the transaction, the insider now directly owns 24,505,660 shares in the company, valued at approximately $785,161,346.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 741,506 shares of company stock worth $23,964,936. 3.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Zurn Elkay Water Solutions

A number of institutional investors have recently bought and sold shares of the business. Principal Securities Inc. bought a new stake in Zurn Elkay Water Solutions in the fourth quarter worth approximately $34,000. Benjamin Edwards Inc. bought a new stake in shares of Zurn Elkay Water Solutions in the fourth quarter valued at about $42,000. Kapitalo Investimentos Ltda bought a new stake in shares of Zurn Elkay Water Solutions during the fourth quarter valued at approximately $76,000. Assetmark Inc. increased its stake in Zurn Elkay Water Solutions by 32.9% in the fourth quarter. Assetmark Inc. now owns 2,898 shares of the company’s stock valued at $85,000 after acquiring an additional 718 shares during the period. Finally, Global Retirement Partners LLC grew its position in Zurn Elkay Water Solutions by 85.4% in the fourth quarter. Global Retirement Partners LLC now owns 3,294 shares of the company’s stock valued at $93,000 after acquiring an additional 1,517 shares during the period. 83.33% of the stock is currently owned by institutional investors and hedge funds.

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.