Zurn Elkay Water Solutions Cor $ZWS Shares Sold by Tudor Investment Corp ET AL

Key Points

• Tudor Investment Corp ET AL trimmed its stake in Zurn Elkay Water Solutions by 48.1% in Q3, selling 42,168 shares and leaving the fund with 45,588 shares valued at about $2.14 million; overall, institutional investors own roughly 83.33% of the stock.
• Q4 results beat expectations: Zurn reported $0.36 EPS vs. $0.34 consensus and revenue of $407.2M (vs. $400.75M), up 9.8% year‑over‑year—the company has a market cap near $8.0B and a P/E of 41.5.
• Significant insider selling has occurred recently (599,259 shares worth ~$31.2M in the last 90 days) while the company pays a quarterly dividend of $0.11 ($0.44 annualized, ~0.9% yield, 38.26% payout ratio).

Tudor Investment Corp ET AL trimmed its holdings in Zurn Elkay Water Solutions Cor (NYSE:ZWS - Free Report) by 48.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 45,588 shares of the company's stock after selling 42,168 shares during the period. Tudor Investment Corp ET AL's holdings in Zurn Elkay Water Solutions Cor were worth $2,144,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in ZWS. Advisory Services Network LLC acquired a new stake in Zurn Elkay Water Solutions Cor in the 3rd quarter valued at about $25,000. Fifth Third Bancorp grew its stake in Zurn Elkay Water Solutions Cor by 49.7% in the 3rd quarter. Fifth Third Bancorp now owns 771 shares of the company's stock valued at $36,000 after acquiring an additional 256 shares during the last quarter. First Horizon Corp acquired a new stake in Zurn Elkay Water Solutions Cor in the 3rd quarter valued at about $45,000. Covestor Ltd grew its stake in Zurn Elkay Water Solutions Cor by 180.3% in the 3rd quarter. Covestor Ltd now owns 967 shares of the company's stock valued at $46,000 after acquiring an additional 622 shares during the last quarter. Finally, Allworth Financial LP grew its stake in Zurn Elkay Water Solutions Cor by 507.5% in the 3rd quarter. Allworth Financial LP now owns 978 shares of the company's stock valued at $46,000 after acquiring an additional 817 shares during the last quarter. 83.33% of the stock is owned by institutional investors and hedge funds.

Zurn Elkay Water Solutions Cor Trading Down 0.8%

Shares of ZWS stock opened at $47.73 on Friday. The firm has a market cap of $8.00 billion, a P/E ratio of 41.50, a PEG ratio of 1.99 and a beta of 1.07. Zurn Elkay Water Solutions Cor has a 1-year low of $28.64 and a 1-year high of $53.17. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.13 and a quick ratio of 2.07. The firm's 50-day simple moving average is $48.06 and its 200-day simple moving average is $47.28.

Zurn Elkay Water Solutions Cor (NYSE:ZWS - Get Free Report) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.02. The business had revenue of $407.20 million for the quarter, compared to analyst estimates of $400.75 million. Zurn Elkay Water Solutions Cor had a net margin of 11.68% and a return on equity of 16.54%. The company's revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.32 EPS. As a group, equities analysts forecast 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 announced a quarterly dividend, which was paid on Friday, March 6th. Investors of record on Friday, February 20th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Friday, February 20th. Zurn Elkay Water Solutions Cor's dividend payout ratio is 38.26%.

Insider Activity

In related news, VP Jeffrey J. Lavalle sold 946 shares of the stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $51.63, for a total transaction of $48,841.98. Following the completion of the sale, the vice president owned 51,868 shares of the company's stock, valued at approximately $2,677,944.84. This represents a 1.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David J. Pauli sold 812 shares of the stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $51.61, for a total transaction of $41,907.32. Following the sale, the chief financial officer directly owned 65,995 shares of the company's stock, valued at approximately $3,406,001.95. This trade represents a 1.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 599,259 shares of company stock worth $31,225,361. Insiders own 2.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on ZWS shares. Robert W. Baird set a $56.00 target price on shares of Zurn Elkay Water Solutions Cor in a report on Thursday, February 5th. Oppenheimer upped their target price on shares of Zurn Elkay Water Solutions Cor from $53.00 to $57.00 and gave the company an "outperform" rating in a report on Friday, February 6th. Weiss Ratings restated a "buy (b-)" rating on shares of Zurn Elkay Water Solutions Cor in a report on Monday, December 29th. Stifel Nicolaus set a $59.00 target price on shares of Zurn Elkay Water Solutions Cor in a report on Thursday, February 5th. Finally, Royal Bank Of Canada increased their price objective on shares of Zurn Elkay Water Solutions Cor from $49.00 to $55.00 and gave the stock a "sector perform" rating in a report on Thursday, February 5th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $54.86.

About Zurn Elkay Water Solutions Cor

Zurn Elkay Water Solutions Corp, trading on the NYSE under the ticker ZWS, is a global provider of water delivery and plumbing products. The company was established in October 2022 through a spin-off from Rexnord Corp, creating a standalone business focused on designing, manufacturing and marketing water system components for residential, commercial and industrial customers.

Through its Zurn segment, the company offers solutions for water delivery, drainage and waste evacuation. Product lines include valves, hydrants, backflow prevention devices, piping systems, fittings and commercial waste stations.

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