Zurn Elkay Water Solutions Co. (NYSE:ZWS - Get Free Report) major shareholder Ice Mountain Llc sold 1,223 shares of the stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $32.20, for a total value of $39,380.60. Following the sale, the insider now owns 24,947,709 shares of the company's stock, valued at $803,316,229.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.
Ice Mountain Llc also recently made the following trade(s):
- On Monday, April 8th, Ice Mountain Llc sold 49,828 shares of Zurn Elkay Water Solutions stock. The stock was sold at an average price of $32.07, for a total value of $1,597,983.96.
- On Friday, April 5th, Ice Mountain Llc sold 50,172 shares of Zurn Elkay Water Solutions stock. The stock was sold at an average price of $32.18, for a total value of $1,614,534.96.
Zurn Elkay Water Solutions Stock Down 0.8 %
ZWS stock opened at $31.66 on Tuesday. Zurn Elkay Water Solutions Co. has a twelve month low of $20.06 and a twelve month high of $34.58. The company has a quick ratio of 1.77, a current ratio of 3.02 and a debt-to-equity ratio of 0.31. The firm has a market cap of $5.48 billion, a PE ratio of 48.71, a price-to-earnings-growth ratio of 1.78 and a beta of 1.22. The business has a 50 day moving average of $31.98 and a 200 day moving average of $29.76.
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Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) last posted its quarterly earnings data on Monday, February 5th. The company reported $0.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.23 by $0.03. The company had revenue of $356.80 million during the quarter, compared to analyst estimates of $350.55 million. Zurn Elkay Water Solutions had a return on equity of 10.75% and a net margin of 7.36%. The firm's revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the company earned $0.16 EPS. On average, research analysts forecast that Zurn Elkay Water Solutions Co. will post 1.15 EPS for the current fiscal year.
Zurn Elkay Water Solutions Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 7th. Shareholders of record on Tuesday, February 20th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend was Friday, February 16th. Zurn Elkay Water Solutions's payout ratio is 49.23%.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the company. Stifel Nicolaus lowered Zurn Elkay Water Solutions from a "buy" rating to a "hold" rating and set a $31.00 target price for the company. in a research report on Tuesday, December 19th. BNP Paribas assumed coverage on Zurn Elkay Water Solutions in a research report on Tuesday, March 12th. They issued an "outperform" rating and a $40.00 target price for the company. Oppenheimer increased their target price on Zurn Elkay Water Solutions from $36.00 to $37.00 and gave the stock an "outperform" rating in a research report on Friday. Finally, Mizuho lowered Zurn Elkay Water Solutions from a "buy" rating to a "neutral" rating and set a $34.00 target price for the company. in a research report on Friday, February 9th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $32.75.
Get Our Latest Report on Zurn Elkay Water Solutions
Institutional Trading of Zurn Elkay Water Solutions
Institutional investors and hedge funds have recently modified their holdings of the business. Principal Securities Inc. bought a new stake in shares of Zurn Elkay Water Solutions in the 4th quarter worth $34,000. Rockefeller Capital Management L.P. increased its holdings in shares of Zurn Elkay Water Solutions by 1,087.7% in the 4th 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 in the last quarter. Benjamin Edwards Inc. bought a new stake in shares of Zurn Elkay Water Solutions in the 4th quarter worth $42,000. IFP Advisors Inc boosted its stake in shares of Zurn Elkay Water Solutions by 50.0% in the 2nd quarter. IFP Advisors Inc now owns 1,500 shares of the company's stock worth $40,000 after buying an additional 500 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new position in shares of Zurn Elkay Water Solutions in the 1st quarter worth $64,000. Institutional investors own 83.33% of the company's stock.
About Zurn Elkay Water Solutions
(
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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