Brown Advisory Inc. Has $72.49 Million Stock Holdings in Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Brown Advisory Inc. lessened its position in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS - Free Report) by 21.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,943,397 shares of the company's stock after selling 541,293 shares during the quarter. Brown Advisory Inc. owned about 1.15% of Zurn Elkay Water Solutions worth $72,489,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in ZWS. GAMMA Investing LLC lifted its position in Zurn Elkay Water Solutions by 138.4% during the 4th quarter. GAMMA Investing LLC now owns 937 shares of the company's stock valued at $35,000 after purchasing an additional 544 shares during the period. Atala Financial Inc acquired a new stake in Zurn Elkay Water Solutions during the 4th quarter worth $44,000. Tsfg LLC bought a new stake in shares of Zurn Elkay Water Solutions during the 4th quarter valued at $56,000. Tortoise Investment Management LLC lifted its stake in shares of Zurn Elkay Water Solutions by 77.4% in the 4th quarter. Tortoise Investment Management LLC now owns 1,731 shares of the company's stock valued at $65,000 after purchasing an additional 755 shares during the period. Finally, Caisse Des Depots ET Consignations bought a new position in shares of Zurn Elkay Water Solutions in the 4th quarter worth $82,000. Institutional investors own 83.33% of the company's stock.

Insider Activity at Zurn Elkay Water Solutions

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

Wall Street Analysts Forecast Growth

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

Zurn Elkay Water Solutions Stock Up 0.1 %

Shares of ZWS stock traded up $0.04 on Friday, hitting $35.21. 607,309 shares of the stock were exchanged, compared to its average volume of 1,128,753. The company has a current ratio of 2.91, a quick ratio of 1.81 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $5.92 billion, a P/E ratio of 38.27, a price-to-earnings-growth 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 200 day moving average of $36.06.

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

Zurn Elkay Water Solutions Announces Dividend

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

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.