CW Advisors LLC Takes Position in Zurn Elkay Water Solutions Cor $ZWS

Key Points

• CW Advisors LLC acquired 42,936 shares of Zurn Elkay Water Solutions Cor, worth approximately $1.4 million, during the first quarter.
• Insider trading activity saw VP Sudhanshu Chhabra selling 108,930 shares, resulting in a 53.59% decrease in his position, while Director Timothy J. Jahnke sold 20,000 shares, reflecting a 10% decrease.
• Analysts have mixed views on ZWS, with a consensus "Hold" rating and a price target range from $36 to $50, as the company reported better-than-expected earnings.

CW Advisors LLC purchased a new stake in Zurn Elkay Water Solutions Cor (NYSE:ZWS - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 42,936 shares of the company's stock, valued at approximately $1,416,000.

Several other large investors have also modified their holdings of the business. Venturi Wealth Management LLC lifted its stake in shares of Zurn Elkay Water Solutions Cor by 3.6% in the 1st quarter. Venturi Wealth Management LLC now owns 9,777 shares of the company's stock valued at $322,000 after purchasing an additional 336 shares during the last quarter. Axxcess Wealth Management LLC lifted its stake in shares of Zurn Elkay Water Solutions Cor by 3.9% in the 1st quarter. Axxcess Wealth Management LLC now owns 9,461 shares of the company's stock valued at $312,000 after purchasing an additional 358 shares during the last quarter. Choreo LLC lifted its stake in shares of Zurn Elkay Water Solutions Cor by 3.3% in the 1st quarter. Choreo LLC now owns 12,295 shares of the company's stock valued at $405,000 after purchasing an additional 395 shares during the last quarter. Heritage Family Offices LLP lifted its stake in shares of Zurn Elkay Water Solutions Cor by 4.7% in the 1st quarter. Heritage Family Offices LLP now owns 11,575 shares of the company's stock valued at $382,000 after purchasing an additional 517 shares during the last quarter. Finally, Xponance Inc. lifted its stake in shares of Zurn Elkay Water Solutions Cor by 5.2% in the 1st quarter. Xponance Inc. now owns 12,142 shares of the company's stock valued at $400,000 after purchasing an additional 595 shares during the last quarter. Institutional investors and hedge funds own 83.33% of the company's stock.

Zurn Elkay Water Solutions Cor Stock Down 1.5%

ZWS stock traded down $0.69 during mid-day trading on Thursday, reaching $45.87. The company had a trading volume of 800,995 shares, compared to its average volume of 1,118,899. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.72 and a current ratio of 2.71. The company has a market capitalization of $7.68 billion, a price-to-earnings ratio of 45.41, a price-to-earnings-growth ratio of 2.50 and a beta of 1.03. The firm has a fifty day simple moving average of $40.62 and a 200 day simple moving average of $36.40. Zurn Elkay Water Solutions Cor has a fifty-two week low of $27.74 and a fifty-two week high of $46.60.

Zurn Elkay Water Solutions Cor (NYSE:ZWS - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.36 by $0.06. The company had revenue of $444.50 million for the quarter, compared to analyst estimates of $424.55 million. Zurn Elkay Water Solutions Cor had a return on equity of 15.23% and a net margin of 10.78%.Zurn Elkay Water Solutions Cor's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.33 EPS. Analysts forecast that Zurn Elkay Water Solutions Cor will post 1.36 earnings per share for the current fiscal year.

Zurn Elkay Water Solutions Cor Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Wednesday, August 20th will be given a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $0.36 dividend on an annualized basis and a yield of 0.8%. Zurn Elkay Water Solutions Cor's dividend payout ratio (DPR) is currently 35.64%.

Analyst Ratings Changes

ZWS has been the topic of several recent analyst reports. Stifel Nicolaus upped their price target on Zurn Elkay Water Solutions Cor from $43.00 to $50.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Mizuho set a $36.00 price objective on Zurn Elkay Water Solutions Cor in a report on Friday, May 16th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Zurn Elkay Water Solutions Cor presently has an average rating of "Hold" and a consensus target price of $38.00.

Insider Transactions at Zurn Elkay Water Solutions Cor

In other Zurn Elkay Water Solutions Cor news, Director Timothy J. Jahnke sold 9,857 shares of the stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $45.06, for a total value of $444,156.42. Following the sale, the director owned 328,964 shares of the company's stock, valued at $14,823,117.84. This trade represents a 2.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Sudhanshu Chhabra sold 108,930 shares of the stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $43.61, for a total value of $4,750,437.30. Following the completion of the sale, the vice president directly owned 94,330 shares in the company, valued at $4,113,731.30. This represents a 53.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 148,930 shares of company stock worth $6,501,529 in the last ninety days. 2.60% of the stock is owned by corporate insiders.

Zurn Elkay Water Solutions Cor Profile

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.