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

Zurn Elkay Water Solutions Co. (NYSE:ZWS) has been given a consensus rating of “Moderate Buy” by the six analysts that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $38.50.

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

Zurn Elkay Water Solutions Stock Up 0.5 %

Shares of Zurn Elkay Water Solutions stock opened at $37.51 on Thursday. Zurn Elkay Water Solutions has a 12-month low of $27.90 and a 12-month high of $41.15. The stock’s fifty day moving average is $38.73 and its 200-day moving average is $35.02. The firm has a market capitalization of $6.37 billion, a PE ratio of 47.48, a price-to-earnings-growth ratio of 1.69 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 (NYSE:ZWS) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.34 earnings per share 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 for the quarter, compared to the consensus estimate of $406.15 million. During the same quarter in the previous year, the company posted $0.29 earnings per share. Zurn Elkay Water Solutions’s revenue for the quarter was up 2.9% compared to the same quarter last year. Equities analysts anticipate that Zurn Elkay Water Solutions will post 1.24 earnings per share for the current year.

Zurn Elkay Water Solutions Increases Dividend

The firm also recently declared 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 is a boost from Zurn Elkay Water Solutions’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $0.36 annualized dividend and a dividend yield of 0.96%. Zurn Elkay Water Solutions’s payout ratio is currently 45.57%.

Insider Transactions at Zurn Elkay Water Solutions

In other news, CFO David J. Pauli sold 4,070 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were 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 of the company’s stock, valued at $1,862,443.80. The trade was a 7.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Todd A. Adams sold 120,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $39.83, for a total transaction of $4,779,600.00. Following the completion of the sale, the chief executive officer now directly owns 2,242,867 shares in the company, valued at approximately $89,333,392.61. This represents a 5.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 127,202 shares of company stock worth $5,061,558 in the last quarter. 3.00% of the stock is owned by company insiders.

Institutional Trading of Zurn Elkay Water Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP raised its holdings in Zurn Elkay Water Solutions by 178.7% in the 2nd quarter. Quarry LP now owns 836 shares of the company’s stock valued at $25,000 after acquiring an additional 536 shares during the period. GAMMA Investing LLC lifted its position in shares of Zurn Elkay Water Solutions by 138.4% during the 4th 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 bought a new stake in shares of Zurn Elkay Water Solutions during the 3rd quarter valued at $36,000. Tsfg LLC bought a new stake in shares of Zurn Elkay Water Solutions during the 4th quarter valued at $56,000. Finally, Headlands Technologies LLC bought a new stake in shares of Zurn Elkay Water Solutions during the 2nd quarter valued at $88,000. 83.33% of the stock is 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.