GAMMA Investing LLC Purchases 30,460 Shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS)

GAMMA Investing LLC grew its position in Zurn Elkay Water Solutions Co. (NYSE:ZWS - Free Report) by 3,250.8% in the first quarter, according to its most recent filing with the SEC. The fund owned 31,397 shares of the company's stock after acquiring an additional 30,460 shares during the period. GAMMA Investing LLC's holdings in Zurn Elkay Water Solutions were worth $952,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of ZWS. Atala Financial Inc acquired a new stake in Zurn Elkay Water Solutions in the fourth quarter valued at $44,000. Tortoise Investment Management LLC grew its holdings in Zurn Elkay Water Solutions by 77.4% during the 4th quarter. Tortoise Investment Management LLC now owns 1,731 shares of the company's stock worth $65,000 after acquiring an additional 755 shares during the period. Caisse Des Depots ET Consignations acquired a new stake in Zurn Elkay Water Solutions during the 4th quarter worth about $82,000. Central Pacific Bank Trust Division grew its holdings in Zurn Elkay Water Solutions by 31.0% during 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 period. Finally, Bank Julius Baer & Co. Ltd Zurich grew its holdings in 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 worth $205,000 after acquiring an additional 344 shares during the period. 83.33% of the stock is currently owned by institutional investors.

Insider Activity

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

Analyst Ratings Changes

ZWS has been the subject of a number of recent analyst reports. BNP Paribas downgraded Zurn Elkay Water Solutions from an "outperform" rating to a "neutral" rating and set a $29.00 price target for the company. in a report on Wednesday, April 9th. Robert W. Baird decreased their price target on Zurn Elkay Water Solutions from $42.00 to $39.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Mizuho set a $36.00 target price on Zurn Elkay Water Solutions in a research note on Friday, May 16th. Stifel Nicolaus raised their target price on 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 reduced 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 research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $36.29.

Zurn Elkay Water Solutions Price Performance

Zurn Elkay Water Solutions stock opened at $35.52 on Tuesday. Zurn Elkay Water Solutions Co. has a 52 week low of $27.74 and a 52 week high of $41.15. The company's 50 day moving average price is $34.40 and its two-hundred day moving average price is $35.67. The company has a quick ratio of 1.81, a current ratio of 2.91 and a debt-to-equity ratio of 0.31. The stock has a market cap of $5.98 billion, a P/E ratio of 38.60, a P/E/G ratio of 2.01 and a beta of 1.00.

Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $0.31 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $388.80 million for the quarter, compared to analysts' expectations of $383.87 million. During the same quarter in the previous year, the firm posted $0.29 EPS. On average, equities analysts predict that Zurn Elkay Water Solutions Co. will post 1.36 earnings per share for the current year.

Zurn Elkay Water Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Tuesday, May 20th were given a dividend of $0.09 per share. The ex-dividend date was Tuesday, May 20th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.01%. Zurn Elkay Water Solutions's dividend payout ratio (DPR) is currently 36.36%.

Zurn Elkay Water Solutions 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.

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