Zurn Elkay Water Solutions Cor (NYSE:ZWS) Shares Purchased by Cetera Investment Advisers

Cetera Investment Advisers increased its holdings in Zurn Elkay Water Solutions Cor (NYSE:ZWS) by 5.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,703 shares of the company’s stock after buying an additional 1,153 shares during the quarter. Cetera Investment Advisers’ holdings in Zurn Elkay Water Solutions Cor were worth $716,000 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. HM Payson & Co. purchased a new stake in Zurn Elkay Water Solutions Cor in the 1st quarter worth approximately $37,000. Archer Investment Corp acquired a new stake in shares of Zurn Elkay Water Solutions Cor in the 1st quarter worth $99,000. Central Pacific Bank Trust Division increased its position in shares of Zurn Elkay Water Solutions Cor by 31.0% during the 1st quarter. Central Pacific Bank Trust Division now owns 4,400 shares of the company’s stock worth $145,000 after purchasing an additional 1,040 shares during the last quarter. Capstone Investment Advisors LLC acquired a new stake in shares of Zurn Elkay Water Solutions Cor during the 4th quarter worth about $221,000. Finally, Crestline Management LP acquired a new stake in shares of Zurn Elkay Water Solutions Cor during the 4th quarter worth about $243,000. Institutional investors and hedge funds own 83.33% of the company’s stock.

Insider Buying and Selling at Zurn Elkay Water Solutions Cor

In other Zurn Elkay Water Solutions Cor news, VP Sudhanshu Chhabra sold 108,930 shares of Zurn Elkay Water Solutions Cor stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $43.61, for a total transaction of $4,750,437.30. Following the transaction, the vice president directly owned 94,330 shares in the company, valued at approximately $4,113,731.30. The trade was a 53.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Timothy J. Jahnke sold 20,000 shares of Zurn Elkay Water Solutions Cor stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $43.73, for a total value of $874,600.00. Following the completion of the sale, the director directly owned 180,000 shares in the company, valued at approximately $7,871,400. This represents a 10.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 148,930 shares of company stock worth $6,501,529 over the last 90 days. 2.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Mizuho set a $36.00 price objective on Zurn Elkay Water Solutions Cor in a research note on Friday, May 16th. Robert W. Baird dropped their price objective on Zurn Elkay Water Solutions Cor from $42.00 to $39.00 and set a “neutral” rating on the stock in a report on Thursday, April 24th. Finally, Stifel Nicolaus increased their price objective on Zurn Elkay Water Solutions Cor from $43.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $38.00.

Zurn Elkay Water Solutions Cor Stock Down 1.0%

Shares of Zurn Elkay Water Solutions Cor stock opened at $45.41 on Friday. The stock’s fifty day moving average is $38.71 and its 200-day moving average is $35.94. The firm has a market capitalization of $7.61 billion, a PE ratio of 44.96, a price-to-earnings-growth ratio of 2.46 and a beta of 1.03. The company has a quick ratio of 1.72, a current ratio of 2.71 and a debt-to-equity ratio of 0.32. Zurn Elkay Water Solutions Cor has a 12-month low of $27.74 and a 12-month high of $45.90.

Zurn Elkay Water Solutions Cor (NYSE:ZWS) last released its quarterly earnings results on Tuesday, July 29th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.06. The company had revenue of $444.50 million during the quarter, compared to the consensus estimate of $424.55 million. Zurn Elkay Water Solutions Cor had a return on equity of 15.23% and a net margin of 10.78%. The firm’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.33 EPS. Equities analysts anticipate that Zurn Elkay Water Solutions Cor will post 1.36 earnings per share for the current year.

Zurn Elkay Water Solutions Cor Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Wednesday, August 20th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Wednesday, August 20th. Zurn Elkay Water Solutions Cor’s dividend payout ratio (DPR) is currently 35.64%.

Zurn Elkay Water Solutions Cor 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.