Graham Capital Management L.P. Has $1.38 Million Stock Holdings in Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Graham Capital Management L.P. grew its stake in Zurn Elkay Water Solutions Co. (NYSE:ZWS - Free Report) by 66.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,850 shares of the company's stock after acquiring an additional 14,671 shares during the quarter. Graham Capital Management L.P.'s holdings in Zurn Elkay Water Solutions were worth $1,375,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. DAVENPORT & Co LLC increased its stake in shares of Zurn Elkay Water Solutions by 3.2% in the 4th quarter. DAVENPORT & Co LLC now owns 8,559 shares of the company's stock valued at $319,000 after acquiring an additional 269 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its stake in shares of Zurn Elkay Water Solutions by 7.4% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,984 shares of the company's stock valued at $205,000 after acquiring an additional 344 shares during the last quarter. Sanctuary Advisors LLC increased its stake in shares of Zurn Elkay Water Solutions by 0.7% in the 4th quarter. Sanctuary Advisors LLC now owns 58,208 shares of the company's stock valued at $2,288,000 after acquiring an additional 389 shares during the last quarter. Venturi Wealth Management LLC increased its stake in shares of Zurn Elkay Water Solutions by 4.8% in the 4th quarter. Venturi Wealth Management LLC now owns 9,441 shares of the company's stock valued at $352,000 after acquiring an additional 430 shares during the last quarter. Finally, Summit Investment Advisors Inc. increased its stake in shares of Zurn Elkay Water Solutions by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 15,070 shares of the company's stock valued at $562,000 after acquiring an additional 477 shares during the last quarter. 83.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on ZWS. Stifel Nicolaus increased their target price on 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. The Goldman Sachs Group lowered their target price on Zurn Elkay Water Solutions from $39.00 to $34.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. BNP Paribas cut 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. Finally, Robert W. Baird lowered 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. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $36.43.

Zurn Elkay Water Solutions Stock Up 1.6%

Shares of ZWS stock traded up $0.61 during trading on Friday, reaching $37.61. The company's stock had a trading volume of 704,835 shares, compared to its average volume of 1,133,079. The business has a fifty day moving average price of $32.83 and a 200-day moving average price of $36.10. The company has a quick ratio of 1.81, a current ratio of 2.91 and a debt-to-equity ratio of 0.31. The company has a market cap of $6.33 billion, a price-to-earnings ratio of 40.88, a price-to-earnings-growth ratio of 2.01 and a beta of 1.02. Zurn Elkay Water Solutions Co. has a one year low of $27.74 and a one year high of $41.15.

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

Zurn Elkay Water Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Tuesday, May 20th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend is Tuesday, May 20th. Zurn Elkay Water Solutions's dividend payout ratio is presently 36.36%.

Insider Transactions at Zurn Elkay Water Solutions

In other news, VP Sudhanshu Chhabra sold 25,921 shares of the 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 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 completion of the sale, the chief financial officer now directly owns 60,772 shares of the company's stock, valued at approximately $2,255,248.92. The trade was a 4.26% decrease in their position. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by insiders.

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.