Dynamic Technology Lab Private Ltd Makes New Investment in Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Dynamic Technology Lab Private Ltd acquired a new stake in Zurn Elkay Water Solutions Co. (NYSE:ZWS - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 51,361 shares of the company's stock, valued at approximately $1,511,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in ZWS. Principal Securities Inc. purchased a new position in Zurn Elkay Water Solutions during the 4th quarter worth $34,000. Benjamin Edwards Inc. purchased a new position in Zurn Elkay Water Solutions during the fourth quarter worth about $42,000. Global Retirement Partners LLC grew its position in Zurn Elkay Water Solutions by 85.4% in the 4th 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 in the last quarter. Arlington Trust Co LLC bought a new position in shares of Zurn Elkay Water Solutions during the 4th quarter worth approximately $125,000. Finally, Eagle Bay Advisors LLC bought a new position in shares of Zurn Elkay Water Solutions in the fourth quarter valued at approximately $177,000. 83.33% of the stock is owned by institutional investors.

Insider Buying and Selling at Zurn Elkay Water Solutions

In other news, Director Thomas Christopoul sold 10,495 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $32.11, for a total transaction of $336,994.45. Following the transaction, the director now directly owns 104,844 shares in the company, valued at approximately $3,366,540.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, major shareholder Ice Mountain Llc sold 49,828 shares of the firm's stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $32.07, for a total transaction of $1,597,983.96. Following the transaction, the insider now directly owns 24,948,932 shares of the company's stock, valued at $800,112,249.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas Christopoul sold 10,495 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $32.11, for a total value of $336,994.45. Following the completion of the transaction, the director now owns 104,844 shares of the company's stock, valued at approximately $3,366,540.84. The disclosure for this sale can be found here. Insiders have sold 508,758 shares of company stock worth $16,296,948 over the last 90 days. Corporate insiders own 3.00% of the company's stock.

Zurn Elkay Water Solutions Price Performance

NYSE:ZWS traded up $0.07 during trading hours on Monday, hitting $32.60. The stock had a trading volume of 568,273 shares, compared to its average volume of 936,550. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.31 and a quick ratio of 1.95. Zurn Elkay Water Solutions Co. has a one year low of $21.78 and a one year high of $34.58. The firm has a market capitalization of $5.63 billion, a price-to-earnings ratio of 45.82, a P/E/G ratio of 1.70 and a beta of 1.21. The company has a 50 day simple moving average of $32.13 and a two-hundred day simple moving average of $30.70.

Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.03. Zurn Elkay Water Solutions had a return on equity of 11.85% and a net margin of 8.11%. The firm had revenue of $374.00 million for the quarter, compared to analysts' expectations of $369.43 million. During the same quarter last year, the firm posted $0.18 EPS. The company's revenue was up .5% compared to the same quarter last year. Research analysts forecast that Zurn Elkay Water Solutions Co. will post 1.18 earnings per share for the current fiscal year.

Zurn Elkay Water Solutions Dividend Announcement

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 paid a $0.08 dividend. The ex-dividend date is Friday, May 17th. This represents a $0.32 dividend on an annualized basis and a yield of 0.98%. Zurn Elkay Water Solutions's dividend payout ratio is presently 45.07%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ZWS. Oppenheimer upped their price objective on 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 reduced their target price on shares of Zurn Elkay Water Solutions from $37.00 to $36.00 and set a "buy" rating for the company in a research report on Thursday, April 25th. BNP Paribas assumed coverage on Zurn Elkay Water Solutions in a research note on Tuesday, March 12th. They issued an "outperform" rating and a $40.00 price objective on the stock. Finally, Mizuho downgraded Zurn Elkay Water Solutions from a "buy" rating to a "neutral" rating and set a $34.00 target price for the company. in a research report on Friday, February 9th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, Zurn Elkay Water Solutions currently has an average rating of "Hold" and a consensus price target of $33.50.

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.