Zurn Elkay Water Solutions Co. (NYSE:ZWS - Get Free Report) Director Thomas Christopoul sold 10,495 shares of Zurn Elkay Water Solutions stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $32.11, for a total value of $336,994.45. Following the completion of the transaction, the director now owns 104,844 shares in the company, valued at approximately $3,366,540.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Zurn Elkay Water Solutions Stock Performance
Shares of ZWS opened at $32.11 on Thursday. The company has a quick ratio of 1.95, a current ratio of 3.31 and a debt-to-equity ratio of 0.31. The business's 50 day moving average price is $32.01 and its 200-day moving average price is $30.34. Zurn Elkay Water Solutions Co. has a 52 week low of $20.70 and a 52 week high of $34.58. The stock has a market cap of $5.54 billion, a P/E ratio of 45.22, a P/E/G ratio of 1.65 and a beta of 1.21.
Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $0.29 earnings per share for the quarter, topping analysts' consensus estimates of $0.26 by $0.03. The company had revenue of $374.00 million during the quarter, compared to analyst estimates of $369.43 million. Zurn Elkay Water Solutions had a net margin of 8.11% and a return on equity of 11.85%. The firm's revenue for the quarter was up .5% on a year-over-year basis. During the same period in the previous year, the business earned $0.18 EPS. Equities research analysts anticipate that Zurn Elkay Water Solutions Co. will post 1.18 earnings per share for the current fiscal year.
Zurn Elkay Water Solutions Announces Dividend
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The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Monday, May 20th will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, May 17th. This represents a $0.32 dividend on an annualized basis and a yield of 1.00%. Zurn Elkay Water Solutions's dividend payout ratio is presently 45.07%.
Analysts Set New Price Targets
Several analysts recently issued reports on ZWS shares. Oppenheimer raised their target price on Zurn Elkay Water Solutions from $36.00 to $37.00 and gave the stock an "outperform" rating in a research note on Friday, April 12th. Mizuho cut Zurn Elkay Water Solutions from a "buy" rating to a "neutral" rating and set a $34.00 price objective on the stock. in a research report on Friday, February 9th. BNP Paribas assumed coverage on Zurn Elkay Water Solutions in a research report on Tuesday, March 12th. They set an "outperform" rating and a $40.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Zurn Elkay Water Solutions from $37.00 to $36.00 and set a "buy" rating on the stock in a research report on Thursday, April 25th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Zurn Elkay Water Solutions presently has an average rating of "Hold" and a consensus price target of $33.50.
Read Our Latest Stock Analysis on ZWS
Institutional Investors Weigh In On Zurn Elkay Water Solutions
Several hedge funds and other institutional investors have recently modified their holdings of ZWS. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Zurn Elkay Water Solutions by 145.1% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,210,447 shares of the company's stock worth $202,037,000 after purchasing an additional 4,268,785 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Zurn Elkay Water Solutions by 2,110.7% in the 4th quarter. Wells Fargo & Company MN now owns 2,311,046 shares of the company's stock worth $67,968,000 after purchasing an additional 2,206,508 shares in the last quarter. Norges Bank purchased a new stake in shares of Zurn Elkay Water Solutions in the 4th quarter worth $39,532,000. Raymond James & Associates increased its stake in shares of Zurn Elkay Water Solutions by 1,622.8% in the 4th quarter. Raymond James & Associates now owns 1,244,205 shares of the company's stock worth $36,592,000 after purchasing an additional 1,171,985 shares in the last quarter. Finally, Jennison Associates LLC increased its stake in Zurn Elkay Water Solutions by 68.6% in the 1st quarter. Jennison Associates LLC now owns 1,275,293 shares of the company's stock worth $42,684,000 after buying an additional 518,733 shares in the last quarter. 83.33% of the stock is currently owned by hedge funds and other institutional investors.
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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