Andina Capital Management LLC Acquires Shares of 11,441 Zurn Elkay Water Solutions Cor $ZWS

Key Points

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Andina Capital Management LLC acquired a new position in Zurn Elkay Water Solutions Cor (NYSE:ZWS - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 11,441 shares of the company's stock, valued at approximately $377,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. 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 period. 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 period. 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 period. 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 period. Finally, Xponance Inc. raised its position in Zurn Elkay Water Solutions Cor by 5.2% during the first quarter. Xponance Inc. now owns 12,142 shares of the company's stock worth $400,000 after acquiring an additional 595 shares during the period. Hedge funds and other institutional investors own 83.33% of the company's stock.

Zurn Elkay Water Solutions Cor Trading Up 4.0%

ZWS stock traded up $1.78 during mid-day trading on Friday, hitting $46.20. 818,309 shares of the company were exchanged, compared to its average volume of 1,000,268. The company has a quick ratio of 1.72, a current ratio of 2.71 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $7.74 billion, a P/E ratio of 45.74, a PEG ratio of 2.43 and a beta of 1.03. The business has a fifty day simple moving average of $39.56 and a 200-day simple moving average of $36.13. Zurn Elkay Water Solutions Cor has a 12-month low of $27.74 and a 12-month high of $46.37.

Zurn Elkay Water Solutions Cor (NYSE:ZWS - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.06. Zurn Elkay Water Solutions Cor had a net margin of 10.78% and a return on equity of 15.23%. The company had revenue of $444.50 million during the quarter, compared to the consensus estimate of $424.55 million. During the same quarter in the previous year, the firm earned $0.33 earnings per share. The firm's quarterly revenue was up 7.9% on a year-over-year basis. On average, equities research analysts predict 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. Stockholders of record on Wednesday, August 20th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.8%. Zurn Elkay Water Solutions Cor's dividend payout ratio is 35.64%.

Insiders Place Their Bets

In related news, Director Timothy J. Jahnke sold 20,000 shares of the stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $43.73, for a total value of $874,600.00. Following the sale, the director directly owned 180,000 shares of the company's stock, valued at approximately $7,871,400. This represents a 10.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Sudhanshu Chhabra sold 108,930 shares of the company's stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $43.61, for a total transaction of $4,750,437.30. Following the completion of the transaction, the vice president owned 94,330 shares in the company, valued at approximately $4,113,731.30. This trade represents a 53.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 148,930 shares of company stock worth $6,501,529. Corporate insiders own 2.60% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on ZWS shares. Stifel Nicolaus upped their target price on shares of Zurn Elkay Water Solutions Cor from $43.00 to $50.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Mizuho set a $36.00 target price on shares of Zurn Elkay Water Solutions Cor in a report on Friday, May 16th. Finally, Robert W. Baird dropped their target price on shares of Zurn Elkay Water Solutions Cor from $42.00 to $39.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Zurn Elkay Water Solutions Cor currently has a consensus rating of "Hold" and a consensus target price of $38.00.

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.