Thomas Christopoul Sells 10,495 Shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS) Stock

Zurn Elkay Water Solutions Co. (NYSE:ZWS) Director Thomas Christopoul sold 10,495 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $32.11, for a total value of $336,994.45. Following the completion of the sale, the director now directly owns 104,844 shares of the company’s stock, valued at approximately $3,366,540.84. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Zurn Elkay Water Solutions Price Performance

Shares of NYSE ZWS opened at $32.39 on Friday. Zurn Elkay Water Solutions Co. has a 1 year low of $20.70 and a 1 year high of $34.58. The stock has a market capitalization of $5.59 billion, a P/E ratio of 45.62, a P/E/G ratio of 1.65 and a beta of 1.21. The company’s 50-day moving average is $32.02 and its 200 day moving average is $30.35. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.31 and a quick ratio of 1.95.

Zurn Elkay Water Solutions (NYSE:ZWS) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.26 by $0.03. The business had revenue of $374.00 million during the quarter, compared to analyst estimates of $369.43 million. Zurn Elkay Water Solutions had a return on equity of 11.85% and a net margin of 8.11%. The company’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter last year, the firm posted $0.18 earnings per share. On average, sell-side analysts expect that Zurn Elkay Water Solutions Co. will post 1.18 earnings per share for the current year.

Zurn Elkay Water Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Monday, May 20th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Friday, May 17th. Zurn Elkay Water Solutions’s dividend payout ratio (DPR) is presently 45.07%.

Hedge Funds Weigh In On Zurn Elkay Water Solutions

Large investors have recently made changes to their positions in the business. Principal Securities Inc. purchased a new stake in shares of Zurn Elkay Water Solutions in the 4th quarter worth approximately $34,000. Benjamin Edwards Inc. bought a new stake in Zurn Elkay Water Solutions in the fourth quarter worth $42,000. Kapitalo Investimentos Ltda purchased a new stake in shares of Zurn Elkay Water Solutions in the fourth quarter worth $76,000. Assetmark Inc. increased its holdings in shares of Zurn Elkay Water Solutions by 32.9% during 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 in the last quarter. Finally, Global Retirement Partners LLC raised its position in shares of Zurn Elkay Water Solutions by 85.4% in the 4th quarter. Global Retirement Partners LLC now owns 3,294 shares of the company’s stock worth $93,000 after purchasing an additional 1,517 shares during the last quarter. 83.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Oppenheimer raised their target price on shares of Zurn Elkay Water Solutions from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, April 12th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Zurn Elkay Water Solutions from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. BNP Paribas assumed coverage on Zurn Elkay Water Solutions in a research note on Tuesday, March 12th. They issued an “outperform” rating and a $40.00 target price on the stock. Finally, Mizuho downgraded Zurn Elkay Water Solutions from a “buy” rating to a “neutral” rating and set a $34.00 price target on the stock. in a report on Friday, February 9th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $33.50.

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.