Zurn Elkay Water Solutions Cor (NYSE:ZWS) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Analysts rate ZWS a "Moderate Buy" — consensus from eight firms (four buys, four holds) with an average 1‑year price target of about $54.88; several brokers recently moved targets (Oppenheimer $58, Stifel $59, RBC $56, Baird $53).
• Quarterly results beat expectations: Q1 EPS $0.41 vs. $0.37 expected and revenue $433M vs. $419M expected, with revenue up 11.4% year‑over‑year and a 12.26% net margin.
• Insider selling notable — insiders sold 581,359 shares (~$30.3M) in the past 90 days while insiders own 2.4% of shares; the company pays a quarterly dividend of $0.11 (annualized $0.44, ~0.9% yield).

Zurn Elkay Water Solutions Cor (NYSE:ZWS - Get Free Report) has earned a consensus rating of "Moderate Buy" from the eight ratings firms that are currently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $54.8750.

ZWS has been the topic of several recent research reports. Oppenheimer reaffirmed an "outperform" rating and set a $58.00 target price on shares of Zurn Elkay Water Solutions Cor in a research note on Thursday, April 23rd. Royal Bank Of Canada lifted their target price on shares of Zurn Elkay Water Solutions Cor from $49.00 to $56.00 and gave the stock a "sector perform" rating in a research note on Thursday, April 23rd. Weiss Ratings raised shares of Zurn Elkay Water Solutions Cor from a "buy (b-)" rating to a "buy (b)" rating in a research note on Wednesday, April 29th. Stifel Nicolaus lifted their target price on shares of Zurn Elkay Water Solutions Cor from $53.00 to $59.00 and gave the stock a "buy" rating in a research note on Thursday, April 23rd. Finally, Robert W. Baird lowered their target price on shares of Zurn Elkay Water Solutions Cor from $56.00 to $53.00 and set a "neutral" rating on the stock in a research note on Thursday, April 23rd.

Insider Activity at Zurn Elkay Water Solutions Cor

In other news, VP Sudhanshu Chhabra sold 2,021 shares of Zurn Elkay Water Solutions Cor stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $50.85, for a total transaction of $102,767.85. Following the transaction, the vice president owned 69,556 shares in the company, valued at $3,536,922.60. The trade was a 2.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Timothy J. Jahnke sold 25,000 shares of Zurn Elkay Water Solutions Cor stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $51.18, for a total value of $1,279,500.00. Following the transaction, the director owned 266,864 shares in the company, valued at approximately $13,658,099.52. This represents a 8.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 581,359 shares of company stock worth $30,322,485 over the last 90 days. Corporate insiders own 2.40% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Advisory Services Network LLC purchased a new position in shares of Zurn Elkay Water Solutions Cor during the 3rd quarter worth $25,000. V Square Quantitative Management LLC purchased a new position in shares of Zurn Elkay Water Solutions Cor during the 4th quarter worth $26,000. Kemnay Advisory Services Inc. purchased a new position in shares of Zurn Elkay Water Solutions Cor during the 4th quarter worth $35,000. Fifth Third Bancorp raised its holdings in shares of Zurn Elkay Water Solutions Cor by 49.7% during the 3rd quarter. Fifth Third Bancorp now owns 771 shares of the company's stock worth $36,000 after acquiring an additional 256 shares during the period. Finally, Hantz Financial Services Inc. raised its holdings in shares of Zurn Elkay Water Solutions Cor by 138.9% during the 4th quarter. Hantz Financial Services Inc. now owns 805 shares of the company's stock worth $37,000 after acquiring an additional 468 shares during the period. Hedge funds and other institutional investors own 83.33% of the company's stock.

Zurn Elkay Water Solutions Cor Price Performance

Zurn Elkay Water Solutions Cor stock opened at $51.20 on Thursday. The company's fifty day moving average price is $47.87 and its 200 day moving average price is $47.69. Zurn Elkay Water Solutions Cor has a 1 year low of $33.95 and a 1 year high of $53.76. The stock has a market capitalization of $8.54 billion, a P/E ratio of 41.29, a P/E/G ratio of 2.00 and a beta of 1.11. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.11 and a current ratio of 3.24.

Zurn Elkay Water Solutions Cor (NYSE:ZWS - Get Free Report) last announced its earnings results on Tuesday, April 21st. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.04. Zurn Elkay Water Solutions Cor had a net margin of 12.26% and a return on equity of 17.40%. The company had revenue of $433.00 million for the quarter, compared to analysts' expectations of $418.99 million. During the same quarter in the previous year, the company posted $0.31 EPS. The firm's quarterly revenue was up 11.4% on a year-over-year basis. As a group, equities research analysts anticipate that Zurn Elkay Water Solutions Cor will post 1.75 earnings per share for the current fiscal year.

Zurn Elkay Water Solutions Cor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Wednesday, May 20th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, May 20th. Zurn Elkay Water Solutions Cor's payout ratio is 35.48%.

Zurn Elkay Water Solutions Cor Company Profile

Zurn Elkay Water Solutions Corp, trading on the NYSE under the ticker ZWS, is a global provider of water delivery and plumbing products. The company was established in October 2022 through a spin-off from Rexnord Corp, creating a standalone business focused on designing, manufacturing and marketing water system components for residential, commercial and industrial customers.

Through its Zurn segment, the company offers solutions for water delivery, drainage and waste evacuation. Product lines include valves, hydrants, backflow prevention devices, piping systems, fittings and commercial waste stations.

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