Insider Selling: Zurn Elkay Water Solutions Co. (NYSE:ZWS) VP Sells 3,132 Shares of Stock

Zurn Elkay Water Solutions Co. (NYSE:ZWS) VP Jeffrey J. Lavalle sold 3,132 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $1,386,771.30. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Zurn Elkay Water Solutions Price Performance

ZWS stock opened at $39.17 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.71 and a current ratio of 2.70. The firm has a 50 day moving average price of $35.33 and a 200-day moving average price of $32.56. Zurn Elkay Water Solutions Co. has a 52-week low of $27.55 and a 52-week high of $40.64. The firm has a market capitalization of $6.65 billion, a price-to-earnings ratio of 49.58, a PEG ratio of 2.02 and a beta of 1.14.

Zurn Elkay Water Solutions (NYSE:ZWS) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. Zurn Elkay Water Solutions had a return on equity of 13.30% and a net margin of 8.87%. The business had revenue of $410.00 million during the quarter, compared to analysts’ expectations of $406.15 million. During the same quarter in the previous year, the business earned $0.29 earnings per share. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. Equities research analysts forecast that Zurn Elkay Water Solutions Co. will post 1.24 EPS for the current fiscal year.

Zurn Elkay Water Solutions Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Wednesday, November 20th will be paid a $0.09 dividend. This is a boost from Zurn Elkay Water Solutions’s previous quarterly dividend of $0.08. The ex-dividend date is Wednesday, November 20th. This represents a $0.36 dividend on an annualized basis and a yield of 0.92%. Zurn Elkay Water Solutions’s payout ratio is presently 40.51%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ZWS. Robert W. Baird upped their price objective on shares of Zurn Elkay Water Solutions from $37.00 to $39.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Stifel Nicolaus raised their price objective on shares of Zurn Elkay Water Solutions from $34.00 to $36.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft lifted their price objective on Zurn Elkay Water Solutions from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Oppenheimer increased their target price on Zurn Elkay Water Solutions from $37.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Finally, Mizuho lifted their price target 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. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $38.17.

Institutional Trading of Zurn Elkay Water Solutions

Institutional investors and hedge funds have recently bought and sold shares of the company. Bleakley Financial Group LLC increased its holdings in shares of Zurn Elkay Water Solutions by 1.3% in the 3rd quarter. Bleakley Financial Group LLC now owns 20,871 shares of the company’s stock worth $750,000 after purchasing an additional 269 shares in the last quarter. Tortoise Investment Management LLC increased its holdings in Zurn Elkay Water Solutions by 76.7% in the 2nd quarter. Tortoise Investment Management LLC now owns 859 shares of the company’s stock worth $25,000 after buying an additional 373 shares in the last quarter. MJP Associates Inc. ADV increased its holdings in Zurn Elkay Water Solutions by 5.5% in the 2nd quarter. MJP Associates Inc. ADV now owns 10,214 shares of the company’s stock worth $300,000 after buying an additional 534 shares in the last quarter. Quarry LP raised its position in Zurn Elkay Water Solutions by 178.7% in the 2nd quarter. Quarry LP now owns 836 shares of the company’s stock worth $25,000 after buying an additional 536 shares during the last quarter. Finally, Arizona State Retirement System lifted its stake in Zurn Elkay Water Solutions by 1.4% during the 2nd quarter. Arizona State Retirement System now owns 40,929 shares of the company’s stock valued at $1,203,000 after acquiring an additional 561 shares during the period. 83.33% of the stock is currently owned by institutional investors.

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.