Zurn Elkay Water Solutions Cor $ZWS Shares Acquired by American Century Companies Inc.

American Century Companies Inc. increased its holdings in Zurn Elkay Water Solutions Cor (NYSE:ZWS) by 1.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,393 shares of the company’s stock after buying an additional 603 shares during the period. American Century Companies Inc.’s holdings in Zurn Elkay Water Solutions Cor were worth $1,530,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in ZWS. Price T Rowe Associates Inc. MD lifted its holdings in shares of Zurn Elkay Water Solutions Cor by 11.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 97,051 shares of the company’s stock valued at $3,621,000 after purchasing an additional 9,795 shares in the last quarter. Northern Trust Corp lifted its stake in Zurn Elkay Water Solutions Cor by 6.4% in the 4th quarter. Northern Trust Corp now owns 1,873,521 shares of the company’s stock valued at $69,882,000 after buying an additional 112,050 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Zurn Elkay Water Solutions Cor by 58.6% during the 4th quarter. Ameriprise Financial Inc. now owns 985,576 shares of the company’s stock valued at $36,762,000 after buying an additional 364,142 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in Zurn Elkay Water Solutions Cor during the fourth quarter worth $4,903,000. Finally, Castlekeep Investment Advisors LLC acquired a new position in shares of Zurn Elkay Water Solutions Cor in the fourth quarter worth $341,000. 83.33% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Zurn Elkay Water Solutions Cor

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

Zurn Elkay Water Solutions Cor Trading Down 0.5%

Shares of ZWS stock opened at $45.12 on Wednesday. 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 fifty-two week low of $27.74 and a fifty-two week high of $46.60. The firm’s 50 day moving average price is $41.19 and its two-hundred day moving average price is $36.59. The stock has a market cap of $7.56 billion, a price-to-earnings ratio of 44.67, a price-to-earnings-growth ratio of 2.43 and a beta of 1.07.

Zurn Elkay Water Solutions Cor (NYSE:ZWS) last issued its earnings results on Tuesday, July 29th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. The business had revenue of $444.50 million for the quarter, compared to the consensus estimate of $424.55 million. Zurn Elkay Water Solutions Cor had a net margin of 10.78% and a return on equity of 15.23%. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.33 EPS. On average, analysts anticipate that Zurn Elkay Water Solutions Cor will post 1.36 EPS for the current year.

Zurn Elkay Water Solutions Cor Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts recently commented on ZWS shares. Mizuho set a $36.00 price objective on Zurn Elkay Water Solutions Cor in a research note on Friday, May 16th. Stifel Nicolaus upped their target price on shares of Zurn Elkay Water Solutions Cor from $43.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $38.00.

Zurn Elkay Water Solutions Cor 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.