Zurn Elkay Water Solutions Cor (NYSE:ZWS) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC boosted its holdings in Zurn Elkay Water Solutions Cor (NYSE:ZWS - Free Report) by 3,250.8% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 31,397 shares of the company's stock after buying an additional 30,460 shares during the period. GAMMA Investing LLC's holdings in Zurn Elkay Water Solutions Cor were worth $952,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ZWS. Sanctuary Advisors LLC lifted its holdings in shares of Zurn Elkay Water Solutions Cor by 0.7% during the 4th quarter. Sanctuary Advisors LLC now owns 58,208 shares of the company's stock valued at $2,288,000 after acquiring an additional 389 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in shares of Zurn Elkay Water Solutions Cor by 4.8% during the fourth quarter. Venturi Wealth Management LLC now owns 9,441 shares of the company's stock worth $352,000 after purchasing an additional 430 shares in the last quarter. Peregrine Capital Management LLC boosted its position in shares of Zurn Elkay Water Solutions Cor by 1.8% in the fourth quarter. Peregrine Capital Management LLC now owns 296,230 shares of the company's stock worth $11,049,000 after buying an additional 5,286 shares during the period. World Equity Group Inc. acquired a new stake in shares of Zurn Elkay Water Solutions Cor in the fourth quarter valued at about $272,000. Finally, Los Angeles Capital Management LLC raised its holdings in shares of Zurn Elkay Water Solutions Cor by 29.2% during the 4th quarter. Los Angeles Capital Management LLC now owns 53,147 shares of the company's stock valued at $1,982,000 after buying an additional 12,010 shares during the period. 83.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Zurn Elkay Water Solutions Cor Stock Down 0.7%

NYSE ZWS traded down $0.25 during trading hours on Friday, reaching $35.31. 429,139 shares of the company traded hands, compared to its average volume of 1,108,408. The company has a 50 day moving average of $34.74 and a two-hundred day moving average of $35.63. The stock has a market capitalization of $5.94 billion, a PE ratio of 35.64, a PEG ratio of 2.21 and a beta of 1.00. 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 current ratio of 2.87, a quick ratio of 1.72 and a debt-to-equity ratio of 0.32.

Zurn Elkay Water Solutions Cor (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 Cor had a return on equity of 14.43% and a net margin of 10.72%. The business had revenue of $388.80 million during the quarter, compared to the consensus estimate of $383.87 million. During the same period last year, the firm earned $0.29 earnings per share. As a group, equities analysts expect that Zurn Elkay Water Solutions Cor will post 1.36 earnings per share for the current year.

Zurn Elkay Water Solutions Cor Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Tuesday, May 20th were issued a $0.09 dividend. The ex-dividend date was Tuesday, May 20th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.02%. Zurn Elkay Water Solutions Cor's dividend payout ratio (DPR) is 36.36%.

Insider Activity at Zurn Elkay Water Solutions Cor

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

Zurn Elkay Water Solutions Cor 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.