Creative Planning Buys 15,729 Shares of Zurn Elkay Water Solutions Cor $ZWS

Creative Planning raised its stake in Zurn Elkay Water Solutions Cor (NYSE:ZWS) by 37.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 57,771 shares of the company’s stock after purchasing an additional 15,729 shares during the period. Creative Planning’s holdings in Zurn Elkay Water Solutions Cor were worth $2,113,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of ZWS. IFP Advisors Inc grew its position in shares of Zurn Elkay Water Solutions Cor by 12.5% in the 2nd quarter. IFP Advisors Inc now owns 3,058 shares of the company’s stock worth $112,000 after buying an additional 339 shares during the last quarter. Yousif Capital Management LLC lifted its position in Zurn Elkay Water Solutions Cor by 0.7% during the second quarter. Yousif Capital Management LLC now owns 53,654 shares of the company’s stock valued at $1,962,000 after acquiring an additional 354 shares during the last quarter. Central Pacific Bank Trust Division boosted its stake in Zurn Elkay Water Solutions Cor by 8.4% in the second quarter. Central Pacific Bank Trust Division now owns 4,771 shares of the company’s stock valued at $174,000 after acquiring an additional 371 shares in the last quarter. Choreo LLC grew its holdings in Zurn Elkay Water Solutions Cor by 3.3% in the first quarter. Choreo LLC now owns 12,295 shares of the company’s stock worth $405,000 after purchasing an additional 395 shares during the last quarter. Finally, CWM LLC increased its position in shares of Zurn Elkay Water Solutions Cor by 33.8% during the second quarter. CWM LLC now owns 1,799 shares of the company’s stock worth $66,000 after purchasing an additional 454 shares in the last quarter. 83.33% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Zurn Elkay Water Solutions Cor news, Director Timothy J. Jahnke sold 7,461 shares of the stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $47.50, for a total transaction of $354,397.50. Following the sale, the director directly owned 162,000 shares of the company’s stock, valued at approximately $7,695,000. This trade represents a 4.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders sold 40,100 shares of company stock worth $1,911,084. 2.60% of the stock is currently owned by company insiders.

Zurn Elkay Water Solutions Cor Trading Up 1.7%

Shares of NYSE:ZWS opened at $48.10 on Wednesday. The company has a quick ratio of 1.72, a current ratio of 2.78 and a debt-to-equity ratio of 0.31. Zurn Elkay Water Solutions Cor has a 52-week low of $27.74 and a 52-week high of $50.03. The stock has a market cap of $8.05 billion, a price-to-earnings ratio of 42.94, a PEG ratio of 2.57 and a beta of 1.12. The business has a 50-day moving average price of $46.74 and a 200-day moving average price of $42.40.

Zurn Elkay Water Solutions Cor (NYSE:ZWS) last posted its quarterly earnings results on Tuesday, October 28th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. The company had revenue of $455.40 million during the quarter, compared to analyst estimates of $442.62 million. Zurn Elkay Water Solutions Cor had a net margin of 11.59% and a return on equity of 16.26%. Zurn Elkay Water Solutions Cor’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period last year, the firm posted $0.34 EPS. Equities analysts predict that Zurn Elkay Water Solutions Cor will post 1.36 EPS for the current year.

Zurn Elkay Water Solutions Cor Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Thursday, November 20th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Thursday, November 20th. This is a positive change from Zurn Elkay Water Solutions Cor’s previous quarterly dividend of $0.09. This represents a $0.44 annualized dividend and a yield of 0.9%. Zurn Elkay Water Solutions Cor’s dividend payout ratio is currently 39.29%.

Wall Street Analysts Forecast Growth

ZWS has been the topic of several research analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of Zurn Elkay Water Solutions Cor in a research note on Wednesday, October 8th. The Goldman Sachs Group reissued a “neutral” rating on shares of Zurn Elkay Water Solutions Cor in a report on Thursday, October 30th. Stifel Nicolaus upped their price objective on shares of Zurn Elkay Water Solutions Cor from $50.00 to $53.00 and gave the company a “buy” rating in a report on Friday, September 12th. Zacks Research upgraded shares of Zurn Elkay Water Solutions Cor from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 11th. Finally, Mizuho set a $49.00 price target on shares of Zurn Elkay Water Solutions Cor in a research note on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $42.83.

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.