Zurn Elkay Water Solutions Co. (NYSE:ZWS) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS) have earned an average rating of “Moderate Buy” from the six brokerages that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $38.50.

Several research firms recently weighed in on ZWS. Stifel Nicolaus raised their price objective on Zurn Elkay Water Solutions from $36.00 to $38.00 and gave the company a “hold” rating in a research note on Wednesday, December 11th. Oppenheimer raised their price objective on Zurn Elkay Water Solutions from $37.00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Robert W. Baird raised their price objective on Zurn Elkay Water Solutions from $37.00 to $39.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Finally, Mizuho increased their target price on Zurn Elkay Water Solutions from $34.00 to $37.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st.

Insider Transactions at Zurn Elkay Water Solutions

In other Zurn Elkay Water Solutions news, VP Jeffrey J. Lavalle sold 3,132 shares of Zurn Elkay Water Solutions stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $39.15, for a total value of $122,617.80. Following the completion of the sale, the vice president now directly owns 35,422 shares in the company, valued at approximately $1,386,771.30. The trade was a 8.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Todd A. Adams sold 120,000 shares of Zurn Elkay Water Solutions stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $39.83, for a total value of $4,779,600.00. Following the completion of the sale, the chief executive officer now owns 2,242,867 shares of the company’s stock, valued at approximately $89,333,392.61. The trade was a 5.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 127,202 shares of company stock worth $5,061,558 over the last ninety days. 3.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Zurn Elkay Water Solutions

Hedge funds have recently added to or reduced their stakes in the business. Quarry LP increased its holdings in Zurn Elkay Water Solutions by 178.7% in the second quarter. Quarry LP now owns 836 shares of the company’s stock worth $25,000 after purchasing an additional 536 shares in the last quarter. GAMMA Investing LLC grew its stake in Zurn Elkay Water Solutions by 138.4% in the fourth quarter. GAMMA Investing LLC now owns 937 shares of the company’s stock valued at $35,000 after acquiring an additional 544 shares during the period. V Square Quantitative Management LLC acquired a new stake in Zurn Elkay Water Solutions in the third quarter valued at approximately $36,000. Tsfg LLC acquired a new stake in Zurn Elkay Water Solutions in the fourth quarter valued at approximately $56,000. Finally, Headlands Technologies LLC acquired a new stake in Zurn Elkay Water Solutions in the second quarter valued at approximately $88,000. 83.33% of the stock is currently owned by institutional investors.

Zurn Elkay Water Solutions Stock Performance

NYSE:ZWS opened at $37.51 on Thursday. The stock has a fifty day moving average price of $38.73 and a 200-day moving average price of $35.02. The company has a market cap of $6.37 billion, a price-to-earnings ratio of 47.48, a PEG ratio of 1.69 and a beta of 1.15. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.71 and a current ratio of 2.70. Zurn Elkay Water Solutions has a fifty-two week low of $27.90 and a fifty-two week high of $41.15.

Zurn Elkay Water Solutions (NYSE:ZWS) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. The business had revenue of $410.00 million for the quarter, compared to analyst estimates of $406.15 million. Zurn Elkay Water Solutions had a return on equity of 13.30% and a net margin of 8.87%. Zurn Elkay Water Solutions’s revenue was up 2.9% compared to the same quarter last year. During the same period last year, the firm posted $0.29 earnings per share. As a group, equities analysts anticipate that Zurn Elkay Water Solutions will post 1.24 EPS for the current fiscal year.

Zurn Elkay Water Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Wednesday, November 20th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.96%. This is an increase from Zurn Elkay Water Solutions’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Wednesday, November 20th. Zurn Elkay Water Solutions’s dividend payout ratio (DPR) is 45.57%.

Zurn Elkay Water Solutions 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.