Victory Capital Management Inc. Raises Stake in Zurn Elkay Water Solutions Cor (NYSE:ZWS)

Victory Capital Management Inc. lifted its position in shares of Zurn Elkay Water Solutions Cor (NYSE:ZWS - Free Report) by 21.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 505,328 shares of the company's stock after buying an additional 88,071 shares during the quarter. Victory Capital Management Inc. owned about 0.30% of Zurn Elkay Water Solutions Cor worth $16,666,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. HighTower Advisors LLC grew its holdings in Zurn Elkay Water Solutions Cor by 9.2% in the fourth quarter. HighTower Advisors LLC now owns 8,834 shares of the company's stock worth $329,000 after purchasing an additional 742 shares during the period. Natixis Advisors LLC lifted its position in shares of 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 in the last quarter. Corient Private Wealth LLC lifted its position in shares of Zurn Elkay Water Solutions Cor by 6.7% during the fourth quarter. Corient Private Wealth LLC now owns 13,903 shares of the company's stock valued at $519,000 after purchasing an additional 876 shares in the last quarter. Xponance Inc. lifted its position in shares of Zurn Elkay Water Solutions Cor by 22.8% during the fourth quarter. Xponance Inc. now owns 11,547 shares of the company's stock valued at $431,000 after purchasing an additional 2,146 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its position in shares of Zurn Elkay Water Solutions Cor by 2.6% during the fourth quarter. Teacher Retirement System of Texas now owns 62,995 shares of the company's stock valued at $2,350,000 after purchasing an additional 1,595 shares in the last quarter. 83.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Zurn Elkay Water Solutions Cor news, CFO David J. Pauli sold 2,706 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $37.11, for a total transaction of $100,419.66. Following the sale, the chief financial officer owned 60,772 shares in the company, valued at approximately $2,255,248.92. This trade represents a 4.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Sudhanshu Chhabra sold 25,921 shares of the firm's stock in a transaction that occurred 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 sale, the vice president owned 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. Company insiders own 2.60% of the company's stock.

Zurn Elkay Water Solutions Cor Stock Up 1.2%

Shares of Zurn Elkay Water Solutions Cor stock traded up $0.44 during trading on Thursday, hitting $37.88. The company's stock had a trading volume of 1,158,658 shares, compared to its average volume of 950,062. Zurn Elkay Water Solutions Cor has a 52 week low of $27.74 and a 52 week high of $41.15. The company has a fifty day simple moving average of $36.60 and a two-hundred day simple moving average of $35.36. The company has a market capitalization of $6.37 billion, a PE ratio of 38.26, a P/E/G ratio of 2.27 and a beta of 0.99. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.72 and a current ratio of 2.87.

Zurn Elkay Water Solutions Cor (NYSE:ZWS - Get Free Report) last announced its quarterly earnings results 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. 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 net margin of 10.72% and a return on equity of 14.43%. During the same quarter last year, the firm posted $0.29 EPS. Equities research analysts predict 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 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 0.95%. The ex-dividend date of this dividend was Tuesday, May 20th. Zurn Elkay Water Solutions Cor's payout ratio is 36.36%.

Wall Street Analyst Weigh In

ZWS has been the topic of several research reports. Robert W. Baird lowered 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 research report on Thursday, April 24th. Mizuho set a $36.00 price target on shares of Zurn Elkay Water Solutions Cor in a research note on Friday, May 16th. Stifel Nicolaus boosted their price objective 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. The Goldman Sachs Group lowered their price objective on shares of Zurn Elkay Water Solutions Cor from $39.00 to $34.00 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. Finally, BNP Paribas lowered shares of Zurn Elkay Water Solutions Cor 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. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $36.86.

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.