19,571 Shares in Zurn Elkay Water Solutions Cor (NYSE:ZWS) Bought by CenterBook Partners LP

CenterBook Partners LP acquired a new stake in shares of Zurn Elkay Water Solutions Cor (NYSE:ZWS - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 19,571 shares of the company's stock, valued at approximately $645,000.

Several other large investors have also bought and sold shares of the company. HM Payson & Co. purchased a new position in Zurn Elkay Water Solutions Cor in the 1st quarter worth approximately $37,000. Federated Hermes Inc. raised its holdings in Zurn Elkay Water Solutions Cor by 3,687.2% in the 1st quarter. Federated Hermes Inc. now owns 1,780 shares of the company's stock worth $59,000 after acquiring an additional 1,733 shares during the last quarter. Caisse Des Depots ET Consignations purchased a new position in Zurn Elkay Water Solutions Cor in the 4th quarter worth approximately $82,000. Archer Investment Corp purchased a new position in Zurn Elkay Water Solutions Cor in the 1st quarter worth approximately $99,000. Finally, Central Pacific Bank Trust Division raised its holdings in Zurn Elkay Water Solutions Cor by 31.0% in the 1st quarter. Central Pacific Bank Trust Division now owns 4,400 shares of the company's stock worth $145,000 after acquiring an additional 1,040 shares during the last quarter. 83.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on ZWS. Stifel Nicolaus boosted their price objective on shares of Zurn Elkay Water Solutions Cor from $34.00 to $39.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. Robert W. Baird decreased 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 research note on Thursday, April 24th. BNP Paribas lowered shares of Zurn Elkay Water Solutions Cor 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. Mizuho set a $36.00 target price on shares of Zurn Elkay Water Solutions Cor in a research note on Friday, May 16th. Finally, The Goldman Sachs Group decreased their target price on shares of Zurn Elkay Water Solutions Cor 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 assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $36.29.

Zurn Elkay Water Solutions Cor Stock Performance

Shares of NYSE:ZWS traded up $0.20 during midday trading on Friday, hitting $37.53. The company had a trading volume of 1,955,297 shares, compared to its average volume of 1,082,302. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.87 and a quick ratio of 1.72. The company has a market cap of $6.31 billion, a price-to-earnings ratio of 37.91, a PEG ratio of 2.32 and a beta of 0.99. Zurn Elkay Water Solutions Cor has a 12-month low of $27.74 and a 12-month high of $41.15. The company has a fifty day moving average of $36.61 and a two-hundred day moving average of $35.36.

Zurn Elkay Water Solutions Cor (NYSE:ZWS - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.29 by $0.02. The firm had revenue of $388.80 million during the quarter, compared to analyst estimates of $383.87 million. Zurn Elkay Water Solutions Cor had a return on equity of 14.43% and a net margin of 10.72%. During the same period in the prior year, the business posted $0.29 EPS. On average, equities research analysts expect that Zurn Elkay Water Solutions Cor will post 1.36 EPS for the current fiscal year.

Zurn Elkay Water Solutions Cor Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Tuesday, May 20th were paid a $0.09 dividend. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $0.36 annualized dividend and a dividend yield of 0.96%. Zurn Elkay Water Solutions Cor's dividend payout ratio (DPR) is 36.36%.

Insider Buying and Selling at Zurn Elkay Water Solutions Cor

In related news, CFO David J. Pauli sold 2,706 shares of the company's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $37.11, for a total value of $100,419.66. Following the completion of the transaction, the chief financial officer owned 60,772 shares of the company's stock, valued at approximately $2,255,248.92. This represents a 4.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Sudhanshu Chhabra sold 25,921 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $37.19, for a total transaction of $964,001.99. Following the completion of the transaction, the vice president directly owned 94,132 shares of the company's stock, valued at $3,500,769.08. This represents a 21.59% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company's stock.

About Zurn Elkay Water Solutions Cor

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.