Zurn Elkay Water Solutions Co. (NYSE:ZWS) Shares Purchased by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC boosted its position in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS) by 99.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 275,545 shares of the company’s stock after purchasing an additional 137,683 shares during the period. HighPoint Advisor Group LLC owned approximately 0.16% of Zurn Elkay Water Solutions worth $10,190,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of ZWS. HighTower Advisors LLC boosted its position in shares of Zurn Elkay Water Solutions by 3.3% during the 3rd quarter. HighTower Advisors LLC now owns 8,092 shares of the company’s stock worth $293,000 after purchasing an additional 259 shares during the period. DAVENPORT & Co LLC lifted its stake in Zurn Elkay Water Solutions by 3.2% during the fourth quarter. DAVENPORT & Co LLC now owns 8,559 shares of the company’s stock worth $319,000 after purchasing an additional 269 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its position in shares of Zurn Elkay Water Solutions by 7.4% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,984 shares of the company’s stock worth $205,000 after buying an additional 344 shares during the period. Sanctuary Advisors LLC grew its stake in shares of Zurn Elkay Water Solutions by 0.7% in the fourth quarter. Sanctuary Advisors LLC now owns 58,208 shares of the company’s stock valued at $2,288,000 after buying an additional 389 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in shares of Zurn Elkay Water Solutions by 4.8% in the 4th quarter. Venturi Wealth Management LLC now owns 9,441 shares of the company’s stock valued at $352,000 after buying an additional 430 shares during the period. 83.33% of the stock is currently owned by institutional investors and hedge funds.

Zurn Elkay Water Solutions Stock Down 2.4 %

Shares of NYSE:ZWS opened at $32.96 on Monday. Zurn Elkay Water Solutions Co. has a fifty-two week low of $28.25 and a fifty-two week high of $41.15. The firm’s 50 day moving average price is $35.89 and its 200 day moving average price is $36.91. The company has a quick ratio of 1.81, a current ratio of 2.91 and a debt-to-equity ratio of 0.31. The stock has a market cap of $5.56 billion, a price-to-earnings ratio of 35.82, a price-to-earnings-growth ratio of 2.01 and a beta of 1.16.

Zurn Elkay Water Solutions (NYSE:ZWS) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.04. Zurn Elkay Water Solutions had a net margin of 10.23% and a return on equity of 14.03%. As a group, equities research analysts predict that Zurn Elkay Water Solutions Co. will post 1.36 earnings per share for the current fiscal year.

Zurn Elkay Water Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Thursday, February 20th were given a dividend of $0.09 per share. The ex-dividend date was Thursday, February 20th. This represents a $0.36 annualized dividend and a dividend yield of 1.09%. Zurn Elkay Water Solutions’s dividend payout ratio is currently 39.13%.

Insider Transactions at Zurn Elkay Water Solutions

In related news, CFO David J. Pauli sold 8,390 shares of the company’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $35.47, for a total value of $297,593.30. Following the completion of the sale, the chief financial officer now directly owns 59,410 shares of the company’s stock, valued at $2,107,272.70. This represents a 12.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Aimee Katz sold 8,912,500 shares of Zurn Elkay Water Solutions stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $33.60, for a total value of $299,460,000.00. Following the transaction, the insider now directly owns 15,002,819 shares in the company, valued at approximately $504,094,718.40. This trade represents a 37.27 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus boosted their price target on shares of 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. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $38.40.

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.