Zurn Elkay Water Solutions Co. (NYSE:ZWS - Get Free Report) major shareholder Ice Mountain Llc sold 49,828 shares of the stock in a transaction on Monday, April 8th. The stock was sold at an average price of $32.07, for a total value of $1,597,983.96. Following the completion of the transaction, the insider now directly owns 24,948,932 shares in the company, valued at $800,112,249.24. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Major shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.
Ice Mountain Llc also recently made the following trade(s):
- On Friday, April 5th, Ice Mountain Llc sold 50,172 shares of Zurn Elkay Water Solutions stock. The shares were sold at an average price of $32.18, for a total value of $1,614,534.96.
Zurn Elkay Water Solutions Stock Up 1.7 %
Shares of Zurn Elkay Water Solutions stock opened at $32.52 on Wednesday. The business has a 50-day moving average of $31.87 and a 200-day moving average of $29.65. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.02 and a quick ratio of 1.77. The company has a market capitalization of $5.63 billion, a PE ratio of 50.03, a P/E/G ratio of 1.79 and a beta of 1.22. Zurn Elkay Water Solutions Co. has a 1-year low of $20.03 and a 1-year high of $34.58.
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Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) last issued its quarterly earnings results on Monday, February 5th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.23 by $0.03. Zurn Elkay Water Solutions had a net margin of 7.36% and a return on equity of 10.75%. The business had revenue of $356.80 million for the quarter, compared to analysts' expectations of $350.55 million. During the same quarter last year, the company posted $0.16 earnings per share. The company's quarterly revenue was up 4.9% compared to the same quarter last year. As a group, equities analysts forecast that Zurn Elkay Water Solutions Co. will post 1.15 EPS for the current fiscal year.
Zurn Elkay Water Solutions Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Stockholders of record on Tuesday, February 20th were given a dividend of $0.08 per share. The ex-dividend date was Friday, February 16th. This represents a $0.32 annualized dividend and a dividend yield of 0.98%. Zurn Elkay Water Solutions's payout ratio is 49.23%.
Hedge Funds Weigh In On Zurn Elkay Water Solutions
Several large investors have recently modified their holdings of ZWS. Rockefeller Capital Management L.P. lifted its position in shares of Zurn Elkay Water Solutions by 1,087.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,354 shares of the company's stock worth $28,000 after purchasing an additional 1,240 shares during the last quarter. Principal Securities Inc. bought a new position in shares of Zurn Elkay Water Solutions during the fourth quarter worth about $34,000. IFP Advisors Inc lifted its holdings in Zurn Elkay Water Solutions by 50.0% in the second quarter. IFP Advisors Inc now owns 1,500 shares of the company's stock worth $40,000 after acquiring an additional 500 shares during the last quarter. Benjamin Edwards Inc. bought a new position in Zurn Elkay Water Solutions in the fourth quarter worth about $42,000. Finally, KBC Group NV bought a new position in Zurn Elkay Water Solutions in the fourth quarter worth about $63,000. Institutional investors own 83.33% of the company's stock.
Analyst Ratings Changes
Several analysts recently issued reports on the company. Stifel Nicolaus downgraded Zurn Elkay Water Solutions from a "buy" rating to a "hold" rating and set a $31.00 price target for the company. in a report on Tuesday, December 19th. Mizuho downgraded Zurn Elkay Water Solutions from a "buy" rating to a "neutral" rating and set a $34.00 price target for the company. in a report on Friday, February 9th. KeyCorp downgraded Zurn Elkay Water Solutions from an "overweight" rating to a "sector weight" rating in a report on Wednesday, December 13th. Finally, BNP Paribas started coverage on Zurn Elkay Water Solutions in a research note on Tuesday, March 12th. They set an "outperform" rating and a $40.00 target price for the company. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $32.25.
Read Our Latest Analysis on ZWS
Zurn Elkay Water Solutions Company Profile
(
Get Free Report)
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.
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