Zurn Elkay Water Solutions Co. (NYSE:ZWS - Get Free Report) major shareholder Ice Mountain Llc sold 43,690 shares of the business's stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $31.93, for a total value of $1,395,021.70. Following the transaction, the insider now directly owns 24,755,242 shares of the company's stock, valued at $790,434,877.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own at least 10% 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 Monday, April 15th, Ice Mountain Llc sold 103,768 shares of Zurn Elkay Water Solutions stock. The stock was sold at an average price of $31.96, for a total value of $3,316,425.28.
- On Thursday, April 11th, Ice Mountain Llc sold 1,223 shares of Zurn Elkay Water Solutions stock. The stock was 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 stock was sold at an average price of $32.18, for a total value of $1,614,534.96.
Zurn Elkay Water Solutions Price Performance
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Shares of NYSE ZWS opened at $32.75 on Wednesday. The company has a current ratio of 3.02, a quick ratio of 1.77 and a debt-to-equity ratio of 0.31. Zurn Elkay Water Solutions Co. has a twelve month low of $20.06 and a twelve month high of $34.58. The stock has a 50 day moving average of $31.93 and a two-hundred day moving average of $29.96. The stock has a market cap of $5.67 billion, a P/E ratio of 50.39, a P/E/G ratio of 1.76 and a beta of 1.22.
Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) last issued 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. Zurn Elkay Water Solutions had a return on equity of 10.75% and a net margin of 7.36%. The company had revenue of $356.80 million during the quarter, compared to analysts' expectations of $350.55 million. During the same quarter in the previous year, the business earned $0.16 earnings per share. The firm's revenue for the quarter was up 4.9% on a year-over-year basis. On average, research analysts forecast that Zurn Elkay Water Solutions Co. will post 1.15 earnings per share for the current year.
Zurn Elkay Water Solutions Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Stockholders of record on Tuesday, February 20th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend was Friday, February 16th. Zurn Elkay Water Solutions's dividend payout ratio (DPR) is presently 49.23%.
Institutional Investors Weigh In On Zurn Elkay Water Solutions
Large investors have recently modified their holdings of the stock. Principal Securities Inc. purchased a new stake in shares of Zurn Elkay Water Solutions during the fourth quarter worth approximately $34,000. Benjamin Edwards Inc. purchased a new stake in shares of Zurn Elkay Water Solutions during the fourth quarter worth approximately $42,000. IFP Advisors Inc raised its stake in shares of Zurn Elkay Water Solutions by 70.9% during the third quarter. IFP Advisors Inc now owns 2,564 shares of the company's stock worth $72,000 after purchasing an additional 1,064 shares during the last quarter. Kapitalo Investimentos Ltda purchased a new stake in shares of Zurn Elkay Water Solutions during the fourth quarter worth approximately $76,000. Finally, Assetmark Inc. raised its stake in shares of Zurn Elkay Water Solutions by 32.9% during the fourth quarter. Assetmark Inc. now owns 2,898 shares of the company's stock worth $85,000 after purchasing an additional 718 shares during the last quarter. Hedge funds and other institutional investors own 83.33% of the company's stock.
Wall Street Analysts Forecast Growth
ZWS has been the subject of a number of research analyst reports. 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. Oppenheimer upped their price target 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. Finally, BNP Paribas initiated coverage on Zurn Elkay Water Solutions in a report on Tuesday, March 12th. They issued an "outperform" rating and a $40.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Zurn Elkay Water Solutions currently has an average rating of "Hold" and a consensus target price of $32.75.
View Our Latest Report on Zurn Elkay Water Solutions
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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