Zurn Elkay Water Solutions Cor (NYSE:ZWS) Receives Consensus Rating of "Hold" from Analysts

Shares of Zurn Elkay Water Solutions Cor (NYSE:ZWS - Get Free Report) have been assigned a consensus rating of "Hold" from the seven ratings firms that are presently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $36.29.

A number of research firms have commented on ZWS. The Goldman Sachs Group reduced their target price on 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. Robert W. Baird lowered their price target 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 note on Thursday, April 24th. Mizuho set a $36.00 price target on shares of Zurn Elkay Water Solutions Cor in a report on Friday, May 16th. Stifel Nicolaus boosted their price objective on shares of Zurn Elkay Water Solutions Cor from $34.00 to $39.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. Finally, BNP Paribas lowered shares of Zurn Elkay Water Solutions Cor from an "outperform" rating to a "neutral" rating and set a $29.00 target price on the stock. in a research report on Wednesday, April 9th.

Zurn Elkay Water Solutions Cor Stock Performance

ZWS traded up $0.15 during trading on Monday, reaching $35.55. The company's stock had a trading volume of 1,075,629 shares, compared to its average volume of 1,110,991. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.72 and a current ratio of 2.87. The company's fifty day moving average price is $34.74 and its 200-day moving average price is $35.63. 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 market capitalization of $5.98 billion, a price-to-earnings ratio of 35.91, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00.

Zurn Elkay Water Solutions Cor (NYSE:ZWS - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.29 by $0.02. Zurn Elkay Water Solutions Cor had a return on equity of 14.43% and a net margin of 10.72%. The business had revenue of $388.80 million during the quarter, compared to analysts' expectations of $383.87 million. During the same period last year, the firm earned $0.29 EPS. On average, equities analysts forecast that Zurn Elkay Water Solutions Cor will post 1.36 earnings per share for the current fiscal year.

Zurn Elkay Water Solutions Cor Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Tuesday, May 20th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date was Tuesday, May 20th. Zurn Elkay Water Solutions Cor's dividend payout ratio is currently 36.36%.

Insider Transactions at Zurn Elkay Water Solutions Cor

In other news, CFO David J. Pauli sold 2,706 shares of the stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $37.11, for a total value of $100,419.66. Following the sale, the chief financial officer now directly owns 60,772 shares in the company, valued at $2,255,248.92. This represents a 4.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Sudhanshu Chhabra sold 25,921 shares of Zurn Elkay Water Solutions Cor stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $37.19, for a total value of $964,001.99. Following the transaction, the vice president now owns 94,132 shares of the company's stock, valued at $3,500,769.08. This represents a 21.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company's stock.

Institutional Trading of Zurn Elkay Water Solutions Cor

Several institutional investors and hedge funds have recently made changes to their positions in the stock. First Trust Advisors LP increased its position in Zurn Elkay Water Solutions Cor by 184.0% during the 4th quarter. First Trust Advisors LP now owns 3,556,599 shares of the company's stock worth $132,661,000 after purchasing an additional 2,304,285 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Zurn Elkay Water Solutions Cor during the 4th quarter worth about $80,457,000. Norges Bank purchased a new stake in shares of Zurn Elkay Water Solutions Cor during the fourth quarter worth about $61,412,000. Zimmer Partners LP acquired a new position in shares of Zurn Elkay Water Solutions Cor in the first quarter valued at approximately $50,344,000. Finally, Invesco Ltd. raised its position in shares of Zurn Elkay Water Solutions Cor by 26.8% in the fourth quarter. Invesco Ltd. now owns 5,880,302 shares of the company's stock valued at $219,335,000 after buying an additional 1,242,642 shares during the last quarter. 83.33% of the stock is currently owned by hedge funds and other institutional investors.

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.