Zurn Elkay Water Solutions Co. (NYSE:ZWS - Get Free Report) major shareholder Ice Mountain Llc sold 103,768 shares of the business's stock in a transaction on Monday, April 15th. The shares were sold at an average price of $31.96, for a total value of $3,316,425.28. Following the completion of the transaction, the insider now owns 24,798,932 shares of the company's stock, valued at $792,573,866.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.
Ice Mountain Llc also recently made the following trade(s):
- On Thursday, April 11th, Ice Mountain Llc sold 1,223 shares of Zurn Elkay Water Solutions stock. The shares were sold at an average price of $32.20, for a total value of $39,380.60.
- 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 shares were sold at an average price of $32.18, for a total transaction of $1,614,534.96.
Zurn Elkay Water Solutions Trading Down 1.5 %
NYSE:ZWS opened at $31.25 on Thursday. Zurn Elkay Water Solutions Co. has a 12 month low of $20.06 and a 12 month high of $34.58. The business's 50-day moving average is $31.94 and its two-hundred day moving average is $29.80. 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 firm has a market capitalization of $5.41 billion, a PE ratio of 48.08, a price-to-earnings-growth ratio of 1.76 and a beta of 1.22.
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Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) last announced its earnings results on Monday, February 5th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.23 by $0.03. Zurn Elkay Water Solutions had a return on equity of 10.75% and a net margin of 7.36%. The business had revenue of $356.80 million for the quarter, compared to the consensus estimate of $350.55 million. During the same period last year, the business posted $0.16 EPS. The company's revenue was up 4.9% on a year-over-year basis. Research analysts predict that Zurn Elkay Water Solutions Co. will post 1.15 earnings per share for the current fiscal year.
Zurn Elkay Water Solutions Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Tuesday, February 20th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date was Friday, February 16th. Zurn Elkay Water Solutions's payout ratio is 49.23%.
Analysts Set New Price Targets
ZWS has been the subject of several research analyst reports. Mizuho lowered shares of Zurn Elkay Water Solutions from a "buy" rating to a "neutral" rating and set a $34.00 price target for the company. in a research report on Friday, February 9th. BNP Paribas started coverage on Zurn Elkay Water Solutions in a report on Tuesday, March 12th. They set an "outperform" rating and a $40.00 price objective for the company. Finally, Oppenheimer lifted their target price on Zurn Elkay Water Solutions from $36.00 to $37.00 and gave the company an "outperform" rating in a report on Friday, April 12th. 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, Zurn Elkay Water Solutions presently has an average rating of "Hold" and an average target price of $32.75.
Get Our Latest Stock Analysis on Zurn Elkay Water Solutions
Hedge Funds Weigh In On Zurn Elkay Water Solutions
Institutional investors have recently added to or reduced their stakes in the company. Principal Securities Inc. acquired a new stake in shares of Zurn Elkay Water Solutions during the fourth quarter valued at about $34,000. Rockefeller Capital Management L.P. grew its stake in Zurn Elkay Water Solutions by 1,087.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,354 shares of the company's stock valued at $28,000 after purchasing an additional 1,240 shares in the last quarter. Benjamin Edwards Inc. purchased a new stake in Zurn Elkay Water Solutions during the 4th quarter worth approximately $42,000. IFP Advisors Inc increased its holdings in Zurn Elkay Water Solutions by 50.0% during the 2nd quarter. IFP Advisors Inc now owns 1,500 shares of the company's stock worth $40,000 after purchasing an additional 500 shares during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Zurn Elkay Water Solutions in the 1st quarter valued at approximately $64,000. Institutional investors and hedge funds own 83.33% of the company's stock.
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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