80,119 Shares in Zurn Elkay Water Solutions Cor (NYSE:ZWS) Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC bought a new position in shares of Zurn Elkay Water Solutions Cor (NYSE:ZWS - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 80,119 shares of the company's stock, valued at approximately $2,642,000.

A number of other large investors have also recently made changes to their positions in ZWS. GAMMA Investing LLC lifted its position in Zurn Elkay Water Solutions Cor by 3,250.8% during the first quarter. GAMMA Investing LLC now owns 31,397 shares of the company's stock valued at $952,000 after buying an additional 30,460 shares during the period. Natixis Advisors LLC lifted its position in Zurn Elkay Water Solutions Cor by 60.5% during the fourth quarter. Natixis Advisors LLC now owns 21,267 shares of the company's stock valued at $793,000 after purchasing an additional 8,017 shares during the period. HighTower Advisors LLC boosted its stake in shares of Zurn Elkay Water Solutions Cor by 9.2% in the 4th quarter. HighTower Advisors LLC now owns 8,834 shares of the company's stock worth $329,000 after buying an additional 742 shares during the last quarter. Duff & Phelps Investment Management Co. increased its position in shares of Zurn Elkay Water Solutions Cor by 10.4% during the 4th quarter. Duff & Phelps Investment Management Co. now owns 367,857 shares of the company's stock valued at $13,721,000 after purchasing an additional 34,574 shares during the last quarter. Finally, Fisher Asset Management LLC bought a new position in Zurn Elkay Water Solutions Cor in the fourth quarter worth approximately $10,936,000. 83.33% of the stock is currently owned by institutional investors.

Zurn Elkay Water Solutions Cor Price Performance

Shares of Zurn Elkay Water Solutions Cor stock traded up $0.03 during mid-day trading on Wednesday, reaching $37.44. 286,222 shares of the stock traded hands, compared to its average volume of 1,086,170. The company has a quick ratio of 1.72, a current ratio of 2.87 and a debt-to-equity ratio of 0.32. Zurn Elkay Water Solutions Cor has a fifty-two week low of $27.74 and a fifty-two week high of $41.15. The stock has a market capitalization of $6.30 billion, a PE ratio of 37.82, a PEG ratio of 2.27 and a beta of 1.00. The business has a 50-day moving average of $35.79 and a 200 day moving average of $35.38.

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 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.02. The firm had revenue of $388.80 million for the quarter, compared to the consensus estimate 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 quarter last year, the business posted $0.29 earnings per share. On average, analysts predict that Zurn Elkay Water Solutions Cor will post 1.36 EPS for the current year.

Zurn Elkay Water Solutions Cor Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on ZWS. Robert W. Baird decreased their price objective on Zurn Elkay Water Solutions Cor from $42.00 to $39.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Mizuho set a $36.00 target price on Zurn Elkay Water Solutions Cor in a report on Friday, May 16th. BNP Paribas downgraded shares of Zurn Elkay Water Solutions Cor from an "outperform" rating to a "neutral" rating and set a $29.00 target price on the stock. in a report on Wednesday, April 9th. The Goldman Sachs Group cut their target price on Zurn Elkay Water Solutions Cor from $39.00 to $34.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. Finally, Stifel Nicolaus raised their target price 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. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Zurn Elkay Water Solutions Cor currently has an average rating of "Hold" and an average target price of $36.29.

Insider Buying and Selling at Zurn Elkay Water Solutions Cor

In other Zurn Elkay Water Solutions Cor news, CFO David J. Pauli sold 2,706 shares of the stock in a transaction dated 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 directly owned 60,772 shares of the company's stock, valued at approximately $2,255,248.92. This trade represents a 4.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Sudhanshu Chhabra sold 25,921 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were 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 of the company's stock, valued at $3,500,769.08. This trade represents a 21.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by company insiders.

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.