Zurn Elkay Water Solutions Co. (NYSE:ZWS) Stock Position Lowered by J. W. Coons Advisors LLC

J. W. Coons Advisors LLC decreased its position in Zurn Elkay Water Solutions Co. (NYSE:ZWSFree Report) by 10.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,506,735 shares of the company’s stock after selling 181,783 shares during the period. Zurn Elkay Water Solutions accounts for about 12.0% of J. W. Coons Advisors LLC’s investment portfolio, making the stock its biggest position. J. W. Coons Advisors LLC owned approximately 0.88% of Zurn Elkay Water Solutions worth $44,313,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Stifel Financial Corp lifted its position in shares of Zurn Elkay Water Solutions by 3,236.0% during the fourth quarter. Stifel Financial Corp now owns 506,269 shares of the company’s stock valued at $14,889,000 after buying an additional 491,093 shares during the last quarter. King Luther Capital Management Corp raised its stake in shares of Zurn Elkay Water Solutions by 0.9% during the 4th quarter. King Luther Capital Management Corp now owns 165,316 shares of the company’s stock worth $4,862,000 after acquiring an additional 1,458 shares in the last quarter. EverSource Wealth Advisors LLC purchased a new stake in Zurn Elkay Water Solutions during the fourth quarter valued at approximately $273,000. Assetmark Inc. boosted 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 in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Zurn Elkay Water Solutions by 2,110.7% in the fourth quarter. Wells Fargo & Company MN now owns 2,311,046 shares of the company’s stock valued at $67,968,000 after acquiring an additional 2,206,508 shares in the last quarter. Institutional investors own 83.33% of the company’s stock.

Analyst Upgrades and Downgrades

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

Read Our Latest Research Report on Zurn Elkay Water Solutions

Zurn Elkay Water Solutions Stock Down 0.4 %

ZWS stock opened at $30.26 on Friday. The firm’s fifty day moving average is $31.86 and its 200 day moving average is $30.93. The firm has a market cap of $5.23 billion, a PE ratio of 42.62, a P/E/G ratio of 1.61 and a beta of 1.19. Zurn Elkay Water Solutions Co. has a one year low of $25.09 and a one year high of $34.58. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.95 and a current ratio of 3.31.

Zurn Elkay Water Solutions (NYSE:ZWSGet Free Report) last posted its earnings results on Tuesday, April 23rd. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.03. The firm had revenue of $374.00 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was up .5% on a year-over-year basis. During the same period last year, the firm earned $0.18 EPS. On average, research analysts forecast that Zurn Elkay Water Solutions Co. will post 1.18 EPS for the current year.

Zurn Elkay Water Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Monday, May 20th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend was Friday, May 17th. Zurn Elkay Water Solutions’s payout ratio is 45.07%.

Insider Activity

In related news, major shareholder Ice Mountain Llc sold 43,690 shares of the business’s stock in a transaction on Friday, April 19th. The shares were sold at an average price of $31.93, for a total value of $1,395,021.70. Following the completion of the sale, the insider now owns 24,755,242 shares of the company’s stock, valued at approximately $790,434,877.06. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Thomas Christopoul sold 10,495 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $32.11, for a total value of $336,994.45. Following the completion of the transaction, 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 filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Ice Mountain Llc sold 43,690 shares of the firm’s stock in a transaction on Friday, April 19th. The shares were sold at an average price of $31.93, for a total value of $1,395,021.70. Following the completion of the transaction, the insider now owns 24,755,242 shares in the company, valued at approximately $790,434,877.06. The disclosure for this sale can be found here. Insiders have sold 603,840 shares of company stock worth $19,386,823 in the last quarter. Corporate insiders own 3.80% of the company’s stock.

Zurn Elkay Water Solutions Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Zurn Elkay Water Solutions (NYSE:ZWS)

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