Brevan Howard Capital Management LP Makes New $1.14 Million Investment in Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Brevan Howard Capital Management LP bought a new stake in Zurn Elkay Water Solutions Co. (NYSE:ZWS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 30,524 shares of the company's stock, valued at approximately $1,139,000.

A number of other large investors also recently made changes to their positions in ZWS. GAMMA Investing LLC lifted its holdings in shares of Zurn Elkay Water Solutions by 138.4% during the fourth quarter. GAMMA Investing LLC now owns 937 shares of the company's stock worth $35,000 after buying an additional 544 shares in the last quarter. Atala Financial Inc bought a new stake in Zurn Elkay Water Solutions in the 4th quarter valued at about $44,000. Tsfg LLC bought a new position in shares of Zurn Elkay Water Solutions during the fourth quarter worth approximately $56,000. Tortoise Investment Management LLC raised its position in shares of Zurn Elkay Water Solutions by 77.4% in the fourth quarter. Tortoise Investment Management LLC now owns 1,731 shares of the company's stock valued at $65,000 after buying an additional 755 shares in the last quarter. Finally, Caisse Des Depots ET Consignations bought a new stake in shares of Zurn Elkay Water Solutions in the fourth quarter valued at approximately $82,000. Institutional investors own 83.33% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ZWS. Robert W. Baird cut their target price on Zurn Elkay Water Solutions from $42.00 to $39.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. BNP Paribas downgraded Zurn Elkay Water Solutions from an "outperform" rating to a "neutral" rating and set a $29.00 target price for the company. in a research note on Wednesday, April 9th. The Goldman Sachs Group reduced their price target on shares of Zurn Elkay Water Solutions from $39.00 to $34.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 2nd. Finally, Stifel Nicolaus boosted their target price on shares of Zurn Elkay Water Solutions from $34.00 to $39.00 and gave the stock a "buy" rating in a research note on Thursday, April 24th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $36.43.

Zurn Elkay Water Solutions Trading Up 0.1 %

NYSE ZWS traded up $0.04 on Friday, reaching $35.21. The company had a trading volume of 607,309 shares, compared to its average volume of 1,128,753. The firm has a market cap of $5.92 billion, a price-to-earnings ratio of 38.27, a P/E/G ratio of 2.01 and a beta of 1.02. Zurn Elkay Water Solutions Co. has a fifty-two week low of $27.74 and a fifty-two week high of $41.15. The business has a 50 day moving average of $32.54 and a two-hundred day moving average of $36.06. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.91 and a quick ratio of 1.81.

Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The company reported $0.31 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.02. Zurn Elkay Water Solutions had a net margin of 10.23% and a return on equity of 14.03%. The company had revenue of $388.80 million for the quarter, compared to analyst estimates of $383.87 million. During the same period in the prior year, the firm posted $0.29 EPS. Analysts forecast that Zurn Elkay Water Solutions Co. will post 1.36 EPS for the current year.

Zurn Elkay Water Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Tuesday, May 20th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend is Tuesday, May 20th. Zurn Elkay Water Solutions's dividend payout ratio is 36.36%.

Insider Activity at Zurn Elkay Water Solutions

In other Zurn Elkay Water Solutions news, major shareholder Aimee Katz sold 8,912,500 shares of Zurn Elkay Water Solutions stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $33.60, for a total value of $299,460,000.00. Following the completion of the sale, the insider now directly owns 15,002,819 shares of the company's stock, valued at approximately $504,094,718.40. The trade was a 37.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO David J. Pauli sold 8,390 shares of the stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $35.47, for a total transaction of $297,593.30. Following the transaction, the chief financial officer now directly owns 59,410 shares in the company, valued at $2,107,272.70. This trade represents a 12.37 % decrease in their position. The disclosure for this sale can be found here. 2.60% of the stock is owned by corporate insiders.

About Zurn Elkay Water Solutions

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.