21,215 Shares in Zurn Elkay Water Solutions Cor (NYSE:ZWS) Acquired by Peterson Wealth Services

Peterson Wealth Services acquired a new position in Zurn Elkay Water Solutions Cor (NYSE:ZWS - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 21,215 shares of the company's stock, valued at approximately $700,000.

Several other hedge funds have also recently bought and sold shares of the company. HM Payson & Co. acquired a new position in shares of Zurn Elkay Water Solutions Cor during the 1st quarter valued at $37,000. Caisse Des Depots ET Consignations acquired a new position in shares of Zurn Elkay Water Solutions Cor during the 4th quarter valued at $82,000. Archer Investment Corp bought a new stake in Zurn Elkay Water Solutions Cor during the 1st quarter valued at $99,000. Central Pacific Bank Trust Division increased its stake in Zurn Elkay Water Solutions Cor by 31.0% during the 1st quarter. Central Pacific Bank Trust Division now owns 4,400 shares of the company's stock valued at $145,000 after purchasing an additional 1,040 shares in the last quarter. Finally, Shelton Capital Management bought a new stake in shares of Zurn Elkay Water Solutions Cor in the 4th quarter worth $209,000. 83.33% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, VP Sudhanshu Chhabra sold 25,921 shares of the firm'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 transaction, the vice president owned 94,132 shares in the company, valued at approximately $3,500,769.08. This trade represents a 21.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO David J. Pauli sold 2,706 shares of the firm'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 transaction, the chief financial officer owned 60,772 shares in the company, valued at approximately $2,255,248.92. This represents a 4.26% decrease in their position. The disclosure for this sale can be found here. 2.60% of the stock is owned by company insiders.

Zurn Elkay Water Solutions Cor Stock Performance

ZWS traded down $0.06 during midday trading on Tuesday, hitting $36.93. 997,253 shares of the company traded hands, compared to its average volume of 1,082,405. The company has a quick ratio of 1.72, a current ratio of 2.87 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $6.21 billion, a PE ratio of 37.30, a price-to-earnings-growth ratio of 2.32 and a beta of 0.99. The company's 50-day moving average is $36.61 and its 200 day moving average is $35.33. Zurn Elkay Water Solutions Cor has a 52 week low of $27.74 and a 52 week high of $41.15.

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

Zurn Elkay Water Solutions Cor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Tuesday, May 20th were given a $0.09 dividend. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $0.36 dividend on an annualized basis and a yield of 0.97%. Zurn Elkay Water Solutions Cor's dividend payout ratio is presently 36.36%.

Analysts Set New Price Targets

Several research firms have commented on ZWS. Robert W. Baird dropped their price objective on shares of Zurn Elkay Water Solutions Cor from $42.00 to $39.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Mizuho set a $36.00 price objective on shares of Zurn Elkay Water Solutions Cor in a report on Friday, May 16th. The Goldman Sachs Group dropped their price objective on shares of Zurn Elkay Water Solutions Cor from $39.00 to $34.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. Stifel Nicolaus increased their price target on shares of Zurn Elkay Water Solutions Cor from $39.00 to $43.00 and gave the stock a "buy" rating in a report on Monday. Finally, 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 report on Wednesday, April 9th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Zurn Elkay Water Solutions Cor currently has an average rating of "Hold" and a consensus target price of $36.86.

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.