Zurn Elkay Water Solutions Cor (NYSE:ZWS) Receives $36.29 Consensus Target Price from Brokerages

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

ZWS has been the subject of a number of research analyst reports. Robert W. Baird decreased their price target on Zurn Elkay Water Solutions Cor from $42.00 to $39.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Stifel Nicolaus upped their target price on 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. BNP Paribas cut Zurn Elkay Water Solutions Cor from an "outperform" rating to a "neutral" rating and set a $29.00 target price for the company. in a report on Wednesday, April 9th. The Goldman Sachs Group lowered 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. Finally, Mizuho set a $36.00 target price on Zurn Elkay Water Solutions Cor in a report on Friday, May 16th.

Insider Activity

In other Zurn Elkay Water Solutions Cor news, CFO David J. Pauli sold 2,706 shares of Zurn Elkay Water Solutions Cor stock in a transaction 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 transaction, the chief financial officer owned 60,772 shares of the company's stock, valued at approximately $2,255,248.92. The trade was a 4.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Sudhanshu Chhabra sold 25,921 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $37.19, for a total value of $964,001.99. Following the sale, the vice president owned 94,132 shares in the company, valued at $3,500,769.08. This trade represents a 21.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.60% of the company's stock.

Institutional Trading of Zurn Elkay Water Solutions Cor

Institutional investors have recently bought and sold shares of the business. HM Payson & Co. acquired a new stake in Zurn Elkay Water Solutions Cor in the first quarter valued at approximately $37,000. Atala Financial Inc acquired a new stake in Zurn Elkay Water Solutions Cor in the fourth quarter valued at approximately $44,000. Federated Hermes Inc. grew its holdings in Zurn Elkay Water Solutions Cor by 3,687.2% in the first quarter. Federated Hermes Inc. now owns 1,780 shares of the company's stock valued at $59,000 after purchasing an additional 1,733 shares during the period. Caisse Des Depots ET Consignations acquired a new stake in Zurn Elkay Water Solutions Cor in the fourth quarter valued at approximately $82,000. Finally, Archer Investment Corp acquired a new stake in Zurn Elkay Water Solutions Cor in the first quarter valued at approximately $99,000. 83.33% of the stock is owned by institutional investors and hedge funds.

Zurn Elkay Water Solutions Cor Trading Down 1.0%

NYSE ZWS traded down $0.39 during trading hours on Friday, hitting $37.79. 480,909 shares of the company were exchanged, compared to its average volume of 1,079,676. 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 quick ratio of 1.72, a current ratio of 2.87 and a debt-to-equity ratio of 0.32. The stock has a 50-day moving average price of $36.32 and a 200 day moving average price of $35.38. The stock has a market cap of $6.36 billion, a PE ratio of 38.17, a price-to-earnings-growth ratio of 2.34 and a beta of 0.99.

Zurn Elkay Water Solutions Cor (NYSE:ZWS - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.02. The company had revenue of $388.80 million during the quarter, compared to the consensus estimate of $383.87 million. Zurn Elkay Water Solutions Cor had a return on equity of 14.43% and a net margin of 10.72%. During the same period last year, the company earned $0.29 earnings per share. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Tuesday, May 20th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.95%. The ex-dividend date was Tuesday, May 20th. Zurn Elkay Water Solutions Cor's payout ratio is 36.36%.

Zurn Elkay Water Solutions Cor Company Profile

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.