Zurn Elkay Water Solutions Co. (NYSE:ZWS) Given Average Recommendation of "Hold" by Brokerages

Shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS - Get Free Report) have been given an average rating of "Hold" by the seven brokerages that are covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $36.43.

ZWS has been the topic of a number of recent research reports. Robert W. Baird dropped their target price on Zurn Elkay Water Solutions from $42.00 to $39.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. The Goldman Sachs Group decreased their target price on shares of Zurn Elkay Water Solutions from $39.00 to $34.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. Stifel Nicolaus increased their price objective on shares of Zurn Elkay Water Solutions from $34.00 to $39.00 and gave the stock a "buy" rating in a research note on Thursday, April 24th. Finally, BNP Paribas downgraded Zurn Elkay Water Solutions 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.

Insider Activity at Zurn Elkay Water Solutions

In other Zurn Elkay Water Solutions news, major shareholder Aimee Katz sold 8,912,500 shares of the stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $33.60, for a total value of $299,460,000.00. Following the completion of the transaction, the insider now directly owns 15,002,819 shares in the company, valued at approximately $504,094,718.40. This trade represents a 37.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO David J. Pauli sold 8,390 shares of the company's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $35.47, for a total value of $297,593.30. Following the completion of the transaction, the chief financial officer now directly owns 59,410 shares of the company's stock, valued at $2,107,272.70. This represents a 12.37 % decrease in their position. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its stake in shares of Zurn Elkay Water Solutions by 138.4% in the fourth quarter. GAMMA Investing LLC now owns 937 shares of the company's stock worth $35,000 after acquiring an additional 544 shares during the period. HM Payson & Co. acquired a new stake in Zurn Elkay Water Solutions in the first quarter worth $37,000. Atala Financial Inc bought a new position in shares of Zurn Elkay Water Solutions during the 4th quarter worth about $44,000. Tsfg LLC acquired a new stake in shares of Zurn Elkay Water Solutions in the 4th quarter valued at about $56,000. Finally, Tortoise Investment Management LLC boosted its holdings in Zurn Elkay Water Solutions by 77.4% in the fourth quarter. Tortoise Investment Management LLC now owns 1,731 shares of the company's stock worth $65,000 after acquiring an additional 755 shares in the last quarter. 83.33% of the stock is owned by institutional investors and hedge funds.

Zurn Elkay Water Solutions Trading Up 1.8 %

Shares of ZWS stock traded up $0.61 on Friday, reaching $34.57. The company had a trading volume of 377,191 shares, compared to its average volume of 1,121,429. The company has a 50-day moving average of $32.57 and a 200-day moving average of $36.17. Zurn Elkay Water Solutions has a 12 month low of $27.74 and a 12 month high of $41.15. The stock has a market cap of $5.82 billion, a PE ratio of 37.61, a PEG ratio of 2.01 and a beta of 1.08. The company has a current ratio of 2.91, a quick ratio of 1.81 and a debt-to-equity ratio of 0.31.

Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) last issued its quarterly earnings data 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 return on equity of 14.03% and a net margin of 10.23%. The business had revenue of $388.80 million for the quarter, compared to the consensus estimate of $383.87 million. During the same quarter last year, the business posted $0.29 EPS. On average, equities analysts forecast that Zurn Elkay Water Solutions will post 1.36 earnings per share for the current year.

Zurn Elkay Water Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Tuesday, May 20th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.04%. Zurn Elkay Water Solutions's dividend payout ratio (DPR) is presently 36.36%.

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.