Jefferies Financial Group Inc. Acquires Shares of 61,722 Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Jefferies Financial Group Inc. purchased a new stake in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 61,722 shares of the company's stock, valued at approximately $2,302,000.

A number of other institutional investors have also recently made changes to their positions in the stock. DAVENPORT & Co LLC boosted its holdings in shares of Zurn Elkay Water Solutions by 3.2% during the 4th quarter. DAVENPORT & Co LLC now owns 8,559 shares of the company's stock valued at $319,000 after acquiring an additional 269 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of Zurn Elkay Water Solutions by 7.4% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,984 shares of the company's stock valued at $205,000 after acquiring an additional 344 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in shares of Zurn Elkay Water Solutions by 0.7% in the fourth quarter. Sanctuary Advisors LLC now owns 58,208 shares of the company's stock worth $2,288,000 after buying an additional 389 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in shares of Zurn Elkay Water Solutions by 4.8% in the fourth quarter. Venturi Wealth Management LLC now owns 9,441 shares of the company's stock worth $352,000 after buying an additional 430 shares during the last quarter. Finally, Summit Investment Advisors Inc. boosted its holdings in shares of Zurn Elkay Water Solutions by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 15,070 shares of the company's stock worth $562,000 after buying an additional 477 shares during the last quarter. Hedge funds and other institutional investors own 83.33% of the company's stock.

Insider Buying and Selling at Zurn Elkay Water Solutions

In other news, CFO David J. Pauli sold 2,706 shares of Zurn Elkay Water Solutions stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $37.11, for a total transaction of $100,419.66. Following the sale, the chief financial officer now owns 60,772 shares in the company, valued at $2,255,248.92. This trade represents a 4.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Sudhanshu Chhabra sold 25,921 shares of Zurn Elkay Water Solutions stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $37.19, for a total transaction of $964,001.99. Following the sale, the vice president now owns 94,132 shares in the company, valued at approximately $3,500,769.08. The trade was a 21.59% decrease in their position. The disclosure for this sale can be found here. Insiders own 2.60% of the company's stock.

Analyst Ratings Changes

ZWS has been the topic of a number of research reports. Mizuho set a $36.00 price objective on shares of Zurn Elkay Water Solutions in a report on Friday, May 16th. Stifel Nicolaus raised their price objective on shares of Zurn Elkay Water Solutions from $34.00 to $39.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. Robert W. Baird dropped their price objective on shares of Zurn Elkay Water Solutions from $42.00 to $39.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. The Goldman Sachs Group dropped their price objective on shares of Zurn Elkay Water Solutions from $39.00 to $34.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. Finally, BNP Paribas downgraded shares of Zurn Elkay Water Solutions from an "outperform" rating to a "neutral" rating and set a $29.00 price objective on the stock. in a report on Wednesday, April 9th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $36.29.

Zurn Elkay Water Solutions Price Performance

NYSE:ZWS traded down $0.29 during trading hours on Friday, hitting $36.20. 822,897 shares of the stock traded hands, compared to its average volume of 1,124,212. The company has a quick ratio of 1.81, a current ratio of 2.91 and a debt-to-equity ratio of 0.31. Zurn Elkay Water Solutions Co. has a 1 year low of $27.74 and a 1 year high of $41.15. The company has a market cap of $6.09 billion, a price-to-earnings ratio of 39.35, a price-to-earnings-growth ratio of 2.01 and a beta of 1.02. The stock has a 50 day moving average price of $33.35 and a 200 day moving average price of $35.99.

Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $388.80 million for the quarter, compared to the consensus estimate of $383.87 million. During the same quarter in the previous year, the firm earned $0.29 earnings per share. Sell-side analysts forecast that Zurn Elkay Water Solutions Co. will post 1.36 EPS for the current fiscal year.

Zurn Elkay Water Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Tuesday, May 20th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.99%. The ex-dividend date is Tuesday, May 20th. Zurn Elkay Water Solutions's dividend payout ratio is currently 36.36%.

Zurn Elkay Water Solutions Company 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.