Zurn Elkay Water Solutions Co. (NYSE:ZWS) Director Thomas Christopoul Sells 10,495 Shares

Zurn Elkay Water Solutions Co. (NYSE:ZWS - Get Free Report) Director Thomas Christopoul sold 10,495 shares of Zurn Elkay Water Solutions stock in a transaction on Monday, May 6th. The shares were sold at an average price of $32.11, for a total value of $336,994.45. Following the sale, the director now directly owns 104,844 shares in the company, valued at approximately $3,366,540.84. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Zurn Elkay Water Solutions Stock Down 0.6 %

Shares of ZWS stock traded down $0.20 on Wednesday, hitting $32.11. The company's stock had a trading volume of 586,726 shares, compared to its average volume of 971,464. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.31 and a quick ratio of 1.95. The stock has a market capitalization of $5.54 billion, a price-to-earnings ratio of 45.22, a P/E/G ratio of 1.65 and a beta of 1.21. Zurn Elkay Water Solutions Co. has a fifty-two week low of $20.70 and a fifty-two week high of $34.58. The firm's fifty day moving average price is $32.01 and its 200-day moving average price is $30.34.

Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $0.29 earnings per share for the quarter, topping analysts' consensus estimates of $0.26 by $0.03. The business had revenue of $374.00 million during the quarter, compared to analysts' expectations of $369.43 million. Zurn Elkay Water Solutions had a net margin of 8.11% and a return on equity of 11.85%. Zurn Elkay Water Solutions's revenue for the quarter was up .5% on a year-over-year basis. During the same period in the previous year, the company earned $0.18 earnings per share. Research analysts anticipate that Zurn Elkay Water Solutions Co. will post 1.18 EPS for the current year.

Zurn Elkay Water Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Monday, May 20th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Friday, May 17th. Zurn Elkay Water Solutions's dividend payout ratio (DPR) is presently 45.07%.

Hedge Funds Weigh In On Zurn Elkay Water Solutions

Several large investors have recently added to or reduced their stakes in ZWS. Principal Securities Inc. acquired a new position in shares of Zurn Elkay Water Solutions in the fourth quarter valued at $34,000. Benjamin Edwards Inc. acquired a new stake in Zurn Elkay Water Solutions during the 4th quarter valued at $42,000. Kapitalo Investimentos Ltda bought a new position in Zurn Elkay Water Solutions in the 4th quarter valued at $76,000. Assetmark Inc. boosted its stake in Zurn Elkay Water Solutions by 32.9% in the fourth quarter. Assetmark Inc. now owns 2,898 shares of the company's stock worth $85,000 after purchasing an additional 718 shares in the last quarter. Finally, Global Retirement Partners LLC grew its holdings in shares of Zurn Elkay Water Solutions by 85.4% during the fourth quarter. Global Retirement Partners LLC now owns 3,294 shares of the company's stock worth $93,000 after purchasing an additional 1,517 shares during the last quarter. Institutional investors and hedge funds own 83.33% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on ZWS shares. Oppenheimer raised their target price on shares of Zurn Elkay Water Solutions from $36.00 to $37.00 and gave the company an "outperform" rating in a research note on Friday, April 12th. Deutsche Bank Aktiengesellschaft dropped their target price on Zurn Elkay Water Solutions from $37.00 to $36.00 and set a "buy" rating on the stock in a report on Thursday, April 25th. BNP Paribas assumed coverage on Zurn Elkay Water Solutions in a report on Tuesday, March 12th. They set an "outperform" rating and a $40.00 target price on the stock. Finally, Mizuho downgraded shares of Zurn Elkay Water Solutions from a "buy" rating to a "neutral" rating and set a $34.00 price target for the company. in a report on Friday, February 9th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $33.50.

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.

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