Key Points
- CFO David Pauli sold 812 shares on Feb. 11 at an average price of $51.61 for about $41,907, reducing his stake by 1.22% to 65,995 shares; the transaction was disclosed in an SEC filing.
- ZWS beat quarterly estimates, reporting $0.36 EPS vs. $0.34 expected and $407.2M revenue (up 9.8% year-over-year), with a net margin of 11.68% and ROE of 16.54%.
- The company announced a quarterly dividend of $0.11 ($0.44 annualized, ~0.9% yield), while analysts hold an average rating of "Hold" with an average price target of $51.63 (range up to ~$59).
Zurn Elkay Water Solutions Cor (NYSE:ZWS - Get Free Report) CFO David Pauli sold 812 shares of Zurn Elkay Water Solutions Cor stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $51.61, for a total value of $41,907.32. Following the completion of the transaction, the chief financial officer owned 65,995 shares in the company, valued at approximately $3,406,001.95. This represents a 1.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Zurn Elkay Water Solutions Cor Stock Down 0.2%
ZWS stock opened at $51.29 on Friday. The firm has a 50-day moving average price of $47.69 and a 200-day moving average price of $46.73. Zurn Elkay Water Solutions Cor has a 12 month low of $27.74 and a 12 month high of $53.17. The company has a current ratio of 3.13, a quick ratio of 2.07 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $8.55 billion, a P/E ratio of 44.60, a price-to-earnings-growth ratio of 2.13 and a beta of 1.08.
Zurn Elkay Water Solutions Cor (NYSE:ZWS - Get Free Report) last issued its earnings results on Tuesday, February 3rd. The company reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.02. The firm had revenue of $407.20 million for the quarter, compared to analyst estimates of $400.75 million. Zurn Elkay Water Solutions Cor had a net margin of 11.68% and a return on equity of 16.54%. The company's quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the business posted $0.32 earnings per share. As a group, equities research analysts anticipate that Zurn Elkay Water Solutions Cor will post 1.36 EPS for the current fiscal year.
Zurn Elkay Water Solutions Cor Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Friday, February 20th will be given a dividend of $0.11 per share. The ex-dividend date is Friday, February 20th. This represents a $0.44 annualized dividend and a yield of 0.9%. Zurn Elkay Water Solutions Cor's dividend payout ratio (DPR) is currently 38.26%.
Wall Street Analyst Weigh In
A number of research firms recently commented on ZWS. Royal Bank Of Canada lifted their price objective on Zurn Elkay Water Solutions Cor from $49.00 to $55.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 5th. Oppenheimer raised their target price on Zurn Elkay Water Solutions Cor from $53.00 to $57.00 and gave the company an "outperform" rating in a research note on Friday, February 6th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Zurn Elkay Water Solutions Cor in a research report on Monday, December 29th. Stifel Nicolaus set a $59.00 target price on Zurn Elkay Water Solutions Cor in a report on Thursday, February 5th. Finally, The Goldman Sachs Group restated a "neutral" rating and set a $50.00 price target on shares of Zurn Elkay Water Solutions Cor in a research note on Thursday, February 5th. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $51.63.
View Our Latest Research Report on Zurn Elkay Water Solutions Cor
Institutional Trading of Zurn Elkay Water Solutions Cor
Hedge funds and other institutional investors have recently modified their holdings of the business. Advisory Services Network LLC bought a new position in Zurn Elkay Water Solutions Cor in the 3rd quarter worth approximately $25,000. Whittier Trust Co. purchased a new stake in shares of Zurn Elkay Water Solutions Cor during the second quarter worth $26,000. First Horizon Advisors Inc. boosted its holdings in shares of Zurn Elkay Water Solutions Cor by 249.8% in the second quarter. First Horizon Advisors Inc. now owns 703 shares of the company's stock worth $26,000 after acquiring an additional 502 shares during the period. V Square Quantitative Management LLC purchased a new position in shares of Zurn Elkay Water Solutions Cor in the fourth quarter valued at $26,000. Finally, Fifth Third Bancorp raised its stake in shares of Zurn Elkay Water Solutions Cor by 49.7% during the 3rd quarter. Fifth Third Bancorp now owns 771 shares of the company's stock valued at $36,000 after purchasing an additional 256 shares during the period. Institutional investors own 83.33% of the company's stock.
Zurn Elkay Water Solutions Cor Company Profile
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Get Free Report)
Zurn Elkay Water Solutions Corp, trading on the NYSE under the ticker ZWS, is a global provider of water delivery and plumbing products. The company was established in October 2022 through a spin-off from Rexnord Corp, creating a standalone business focused on designing, manufacturing and marketing water system components for residential, commercial and industrial customers.
Through its Zurn segment, the company offers solutions for water delivery, drainage and waste evacuation. Product lines include valves, hydrants, backflow prevention devices, piping systems, fittings and commercial waste stations.
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