Teza Capital Management LLC Makes New $704,000 Investment in Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Teza Capital Management LLC bought a new position in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 18,878 shares of the company's stock, valued at approximately $704,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in ZWS. Atala Financial Inc acquired a new stake in shares of Zurn Elkay Water Solutions during the fourth quarter worth about $44,000. Tortoise Investment Management LLC increased its position in Zurn Elkay Water Solutions by 77.4% in the 4th quarter. Tortoise Investment Management LLC now owns 1,731 shares of the company's stock valued at $65,000 after acquiring an additional 755 shares during the period. Caisse Des Depots ET Consignations acquired a new position in Zurn Elkay Water Solutions in the 4th quarter valued at about $82,000. Bank Julius Baer & Co. Ltd Zurich increased its position in Zurn Elkay Water Solutions by 7.4% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,984 shares of the company's stock valued at $205,000 after acquiring an additional 344 shares during the period. Finally, Carret Asset Management LLC acquired a new position in Zurn Elkay Water Solutions in the 4th quarter valued at about $205,000. Institutional investors and hedge funds own 83.33% of the company's stock.

Insider Transactions at Zurn Elkay Water Solutions

In related news, CFO David J. Pauli sold 2,706 shares of the company'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 sale, the chief financial officer now owns 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Sudhanshu Chhabra sold 25,921 shares of the company's stock in a transaction that occurred 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 in the company, valued at approximately $3,500,769.08. The trade was 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.

Analyst Ratings Changes

Several equities analysts recently issued reports on ZWS shares. Robert W. Baird dropped their price target on Zurn Elkay Water Solutions from $42.00 to $39.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Mizuho set a $36.00 price target on Zurn Elkay Water Solutions in a research report on Friday, May 16th. Stifel Nicolaus boosted their target price on Zurn Elkay Water Solutions from $34.00 to $39.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. The Goldman Sachs Group dropped their target price on Zurn Elkay Water Solutions from $39.00 to $34.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. Finally, BNP Paribas cut Zurn Elkay Water Solutions from an "outperform" rating to a "neutral" rating and set a $29.00 target price on the stock. in a research report on Wednesday, April 9th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Zurn Elkay Water Solutions presently has an average rating of "Hold" and an average target price of $36.29.

Zurn Elkay Water Solutions Price Performance

Shares of NYSE:ZWS traded down $0.13 during trading on Thursday, hitting $35.77. 511,912 shares of the stock were exchanged, compared to its average volume of 1,129,094. The company has a fifty day moving average price of $33.11 and a two-hundred day moving average price of $36.10. The company has a market cap of $6.02 billion, a PE ratio of 38.88, a P/E/G ratio of 2.01 and a beta of 1.02. The company has a current ratio of 2.91, a quick ratio of 1.81 and a debt-to-equity ratio of 0.31. Zurn Elkay Water Solutions Co. has a 12-month low of $27.74 and a 12-month high of $41.15.

Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.29 by $0.02. The business had revenue of $388.80 million for the quarter, compared to analyst estimates of $383.87 million. Zurn Elkay Water Solutions had a return on equity of 14.03% and a net margin of 10.23%. During the same quarter in the previous year, the company earned $0.29 EPS. On average, analysts forecast that Zurn Elkay Water Solutions Co. will post 1.36 EPS for the current year.

Zurn Elkay Water Solutions Dividend Announcement

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

About Zurn Elkay Water Solutions

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.