Zurn Elkay Water Solutions Co. (NYSE:ZWS) Given Average Rating of “Moderate Buy” by Analysts

Shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS) have received an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $38.67.

A number of brokerages recently commented on ZWS. Mizuho lifted their price target on Zurn Elkay Water Solutions from $34.00 to $37.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Robert W. Baird boosted their target price 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. Stifel Nicolaus increased their price target on Zurn Elkay Water Solutions from $38.00 to $39.00 and gave the stock a “hold” rating in a research note on Friday, January 24th. Finally, Oppenheimer boosted 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.

Zurn Elkay Water Solutions Stock Up 0.5 %

Shares of NYSE:ZWS opened at $39.49 on Monday. The stock has a market cap of $6.70 billion, a price-to-earnings ratio of 49.99, a PEG ratio of 1.81 and a beta of 1.15. The company has a quick ratio of 1.71, a current ratio of 2.70 and a debt-to-equity ratio of 0.31. Zurn Elkay Water Solutions has a 12-month low of $28.25 and a 12-month high of $41.15. The business’s 50 day moving average is $38.57 and its 200 day moving average is $35.80.

Zurn Elkay Water Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Thursday, February 20th will be given a dividend of $0.09 per share. The ex-dividend date is Thursday, February 20th. This represents a $0.36 annualized dividend and a dividend yield of 0.91%. Zurn Elkay Water Solutions’s dividend payout ratio is currently 45.57%.

Insiders Place Their Bets

In other Zurn Elkay Water Solutions news, VP Jeffrey J. Lavalle sold 3,132 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $39.15, for a total transaction of $122,617.80. Following the sale, the vice president now owns 35,422 shares in the company, valued at $1,386,771.30. This represents a 8.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO David J. Pauli sold 4,070 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $39.15, for a total value of $159,340.50. Following the sale, the chief financial officer now owns 47,572 shares in the company, valued at approximately $1,862,443.80. This represents a 7.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 127,202 shares of company stock worth $5,061,558 over the last 90 days. Corporate insiders own 3.80% of the company’s stock.

Institutional Investors Weigh In On Zurn Elkay Water Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Impax Asset Management Group plc raised its position in shares of Zurn Elkay Water Solutions by 4.1% in the third quarter. Impax Asset Management Group plc now owns 8,801,275 shares of the company’s stock worth $315,645,000 after buying an additional 346,412 shares in the last quarter. State Street Corp raised its position in shares of Zurn Elkay Water Solutions by 63.8% in the third quarter. State Street Corp now owns 5,441,980 shares of the company’s stock worth $195,585,000 after buying an additional 2,119,777 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Zurn Elkay Water Solutions by 1.1% in the third quarter. Geode Capital Management LLC now owns 3,256,457 shares of the company’s stock worth $117,060,000 after buying an additional 35,570 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Zurn Elkay Water Solutions by 49.6% in the third quarter. Principal Financial Group Inc. now owns 2,619,953 shares of the company’s stock worth $94,161,000 after buying an additional 868,748 shares in the last quarter. Finally, Crescent Grove Advisors LLC increased its stake in Zurn Elkay Water Solutions by 5.7% in the fourth quarter. Crescent Grove Advisors LLC now owns 2,435,447 shares of the company’s stock valued at $90,842,000 after acquiring an additional 130,732 shares during the last quarter. Hedge funds and other institutional investors own 83.33% of the company’s stock.

About Zurn Elkay Water Solutions

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.