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

Shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS - Get Free Report) have been assigned a consensus recommendation of "Hold" from the seven brokerages that are currently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $36.29.

A number of research firms have weighed in on ZWS. Stifel Nicolaus increased their price objective on Zurn Elkay Water Solutions from $34.00 to $39.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. BNP Paribas cut shares of Zurn Elkay Water Solutions from an "outperform" rating to a "neutral" rating and set a $29.00 target price for the company. in a research note on Wednesday, April 9th. The Goldman Sachs Group dropped their price target on shares of Zurn Elkay Water Solutions from $39.00 to $34.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 2nd. Mizuho set a $36.00 price objective on Zurn Elkay Water Solutions in a report on Friday, May 16th. Finally, Robert W. Baird cut their target price on Zurn Elkay Water Solutions from $42.00 to $39.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th.

Zurn Elkay Water Solutions Stock Up 0.9%

Shares of NYSE ZWS traded up $0.31 during midday trading on Monday, hitting $35.52. 557,981 shares of the company's stock were exchanged, compared to its average volume of 964,433. The firm's fifty day simple moving average is $34.26 and its 200-day simple moving average is $35.70. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.91 and a quick ratio of 1.81. The company has a market cap of $5.98 billion, a PE ratio of 38.60, a P/E/G ratio of 2.01 and a beta of 1.00. Zurn Elkay Water Solutions has a twelve month low of $27.74 and a twelve month high of $41.15.

Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.29 by $0.02. Zurn Elkay Water Solutions had a net margin of 10.23% and a return on equity of 14.03%. The firm had revenue of $388.80 million for the quarter, compared to analyst estimates of $383.87 million. During the same period last year, the business earned $0.29 EPS. Research analysts predict that Zurn Elkay Water Solutions will post 1.36 EPS for the current fiscal year.

Zurn Elkay Water Solutions Announces Dividend

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

Insider Buying and Selling

In related 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 transaction of $100,419.66. Following the completion of the sale, the chief financial officer now owns 60,772 shares of the company's stock, valued at approximately $2,255,248.92. This represents a 4.26% 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, VP Sudhanshu Chhabra sold 25,921 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $37.19, for a total value of $964,001.99. Following the completion of the sale, the vice president now owns 94,132 shares of the company's stock, valued at approximately $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. 2.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Natixis Advisors LLC boosted its position in Zurn Elkay Water Solutions by 60.5% in the 4th quarter. Natixis Advisors LLC now owns 21,267 shares of the company's stock valued at $793,000 after buying an additional 8,017 shares during the last quarter. HighTower Advisors LLC grew its position in shares of Zurn Elkay Water Solutions by 9.2% during the fourth quarter. HighTower Advisors LLC now owns 8,834 shares of the company's stock worth $329,000 after buying an additional 742 shares in the last quarter. Duff & Phelps Investment Management Co. raised its holdings in Zurn Elkay Water Solutions by 10.4% in the fourth quarter. Duff & Phelps Investment Management Co. now owns 367,857 shares of the company's stock valued at $13,721,000 after acquiring an additional 34,574 shares in the last quarter. Fisher Asset Management LLC bought a new position in Zurn Elkay Water Solutions during the 4th quarter valued at $10,936,000. Finally, HighPoint Advisor Group LLC grew its holdings in Zurn Elkay Water Solutions by 99.9% during the 4th quarter. HighPoint Advisor Group LLC now owns 275,545 shares of the company's stock worth $10,190,000 after acquiring an additional 137,683 shares in the last quarter. 83.33% of the stock is currently owned by hedge funds and other institutional investors.

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.