Zurn Elkay Water Solutions Co. (NYSE:ZWS) Receives $32.25 Consensus Price Target from Analysts

Zurn Elkay Water Solutions Co. (NYSE:ZWS - Get Free Report) has been assigned an average recommendation of "Hold" from the eight analysts that are covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $32.25.

A number of analysts recently commented on ZWS shares. Stifel Nicolaus cut shares of Zurn Elkay Water Solutions from a "buy" rating to a "hold" rating and set a $31.00 price objective for the company. in a research report on Tuesday, December 19th. KeyCorp cut shares of Zurn Elkay Water Solutions from an "overweight" rating to a "sector weight" rating in a research report on Wednesday, December 13th. BNP Paribas started coverage on shares of Zurn Elkay Water Solutions in a research report on Tuesday, March 12th. They issued an "outperform" rating and a $40.00 price objective for the company. Finally, Mizuho cut shares of Zurn Elkay Water Solutions from a "buy" rating to a "neutral" rating and set a $34.00 price objective for the company. in a research report on Friday, February 9th.

Insider Transactions at Zurn Elkay Water Solutions

In other news, VP Sudhanshu Chhabra sold 4,231 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $31.29, for a total transaction of $132,387.99. Following the completion of the transaction, the vice president now directly owns 80,594 shares in the company, valued at approximately $2,521,786.26. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, major shareholder Ice Mountain Llc sold 49,828 shares of the company's stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $32.07, for a total value of $1,597,983.96. Following the sale, the insider now directly owns 24,948,932 shares of the company's stock, valued at approximately $800,112,249.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Sudhanshu Chhabra sold 4,231 shares of the company's stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $31.29, for a total transaction of $132,387.99. Following the completion of the sale, the vice president now directly owns 80,594 shares in the company, valued at $2,521,786.26. The disclosure for this sale can be found here. Insiders sold a total of 343,243 shares of company stock worth $11,217,501 in the last three months. Insiders own 3.00% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA raised its holdings in Zurn Elkay Water Solutions by 1.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 20,109 shares of the company's stock valued at $591,000 after acquiring an additional 359 shares during the period. IFP Advisors Inc raised its holdings in Zurn Elkay Water Solutions by 50.0% in the 2nd quarter. IFP Advisors Inc now owns 1,500 shares of the company's stock valued at $40,000 after acquiring an additional 500 shares during the period. Gabelli Funds LLC raised its holdings in Zurn Elkay Water Solutions by 1.5% in the 4th quarter. Gabelli Funds LLC now owns 33,600 shares of the company's stock valued at $711,000 after acquiring an additional 500 shares during the period. FMR LLC raised its holdings in Zurn Elkay Water Solutions by 7.3% in the 3rd quarter. FMR LLC now owns 8,153 shares of the company's stock valued at $228,000 after acquiring an additional 558 shares during the period. Finally, Moneta Group Investment Advisors LLC increased its holdings in shares of Zurn Elkay Water Solutions by 3.5% during the first quarter. Moneta Group Investment Advisors LLC now owns 19,623 shares of the company's stock worth $419,000 after purchasing an additional 660 shares during the period. 83.33% of the stock is owned by institutional investors.

Zurn Elkay Water Solutions Price Performance

Shares of ZWS traded up $0.53 on Tuesday, hitting $32.52. The company's stock had a trading volume of 789,490 shares, compared to its average volume of 972,701. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.02 and a quick ratio of 1.77. The company has a 50 day moving average price of $31.87 and a 200 day moving average price of $29.65. Zurn Elkay Water Solutions has a fifty-two week low of $20.03 and a fifty-two week high of $34.58. The company has a market capitalization of $5.63 billion, a PE ratio of 50.03, a PEG ratio of 1.79 and a beta of 1.22.

Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) last posted its quarterly earnings data on Monday, February 5th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.03. The firm had revenue of $356.80 million during the quarter, compared to analysts' expectations of $350.55 million. Zurn Elkay Water Solutions had a net margin of 7.36% and a return on equity of 10.75%. Zurn Elkay Water Solutions's revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.16 EPS. On average, research analysts anticipate that Zurn Elkay Water Solutions will post 1.15 earnings per share for the current fiscal year.

Zurn Elkay Water Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 7th. Stockholders of record on Tuesday, February 20th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.98%. Zurn Elkay Water Solutions's dividend payout ratio is 49.23%.

Zurn Elkay Water Solutions 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.