Aimee Katz Sells 8,240 Shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS) Stock

Zurn Elkay Water Solutions Co. (NYSE:ZWSGet Free Report) major shareholder Aimee Katz sold 8,240 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $29.14, for a total value of $240,113.60. Following the completion of the sale, the insider now owns 23,565,924 shares of the company’s stock, valued at approximately $686,711,025.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Aimee Katz also recently made the following trade(s):

  • On Friday, June 28th, Aimee Katz sold 100,000 shares of Zurn Elkay Water Solutions stock. The shares were sold at an average price of $29.04, for a total transaction of $2,904,000.00.

Zurn Elkay Water Solutions Trading Up 1.4 %

Shares of Zurn Elkay Water Solutions stock opened at $29.58 on Friday. The company has a quick ratio of 1.95, a current ratio of 3.31 and a debt-to-equity ratio of 0.31. The firm has a market cap of $5.11 billion, a price-to-earnings ratio of 41.66, a price-to-earnings-growth ratio of 1.54 and a beta of 1.15. Zurn Elkay Water Solutions Co. has a 52-week low of $25.09 and a 52-week high of $34.58. The company’s 50-day simple moving average is $31.09 and its 200-day simple moving average is $30.98.

Zurn Elkay Water Solutions (NYSE:ZWSGet Free Report) last issued its earnings results on Tuesday, April 23rd. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.03. Zurn Elkay Water Solutions had a return on equity of 11.85% and a net margin of 8.11%. The business had revenue of $374.00 million during the quarter, compared to the consensus estimate of $369.43 million. During the same period in the prior year, the business posted $0.18 EPS. The company’s revenue for the quarter was up .5% on a year-over-year basis. As a group, equities research analysts anticipate that Zurn Elkay Water Solutions Co. will post 1.18 earnings per share for the current year.

Zurn Elkay Water Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Monday, May 20th were given a dividend of $0.08 per share. The ex-dividend date was Friday, May 17th. This represents a $0.32 annualized dividend and a dividend yield of 1.08%. Zurn Elkay Water Solutions’s payout ratio is currently 45.07%.

Analyst Ratings Changes

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

Get Our Latest Report on ZWS

Hedge Funds Weigh In On Zurn Elkay Water Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA lifted its stake in shares of Zurn Elkay Water Solutions by 1.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 20,109 shares of the company’s stock valued at $591,000 after purchasing an additional 359 shares during the period. Assetmark Inc. lifted its position in shares of Zurn Elkay Water Solutions by 32.9% during the 4th 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. Nisa Investment Advisors LLC boosted its stake in shares of Zurn Elkay Water Solutions by 16.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 6,900 shares of the company’s stock worth $203,000 after acquiring an additional 1,000 shares in the last quarter. Principal Securities Inc. acquired a new stake in shares of Zurn Elkay Water Solutions in the 4th quarter worth approximately $34,000. Finally, EntryPoint Capital LLC increased its stake in Zurn Elkay Water Solutions by 649.1% in the 1st quarter. EntryPoint Capital LLC now owns 1,603 shares of the company’s stock valued at $54,000 after purchasing an additional 1,389 shares in the last quarter. 83.33% of the stock is owned by institutional investors and hedge funds.

About Zurn Elkay Water Solutions

(Get 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.

Read More

Insider Buying and Selling by Quarter for Zurn Elkay Water Solutions (NYSE:ZWS)

Receive News & Ratings for Zurn Elkay Water Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zurn Elkay Water Solutions and related companies with MarketBeat.com's FREE daily email newsletter.