Zurn Elkay Water Solutions Cor (NYSE:ZWS) Price Target Raised to $50.00

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Zurn Elkay Water Solutions Cor (NYSE:ZWS - Free Report) had its price target increased by Stifel Nicolaus from $43.00 to $50.00 in a research note released on Thursday,Benzinga reports. They currently have a buy rating on the stock.

ZWS has been the topic of a number of other reports. The Goldman Sachs Group cut their target price on shares of Zurn Elkay Water Solutions Cor from $39.00 to $34.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. BNP Paribas cut shares of Zurn Elkay Water Solutions Cor from an "outperform" rating to a "neutral" rating and set a $29.00 price target on the stock. in a research note on Wednesday, April 9th. Robert W. Baird lowered their price target on shares of Zurn Elkay Water Solutions Cor from $42.00 to $39.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Finally, Mizuho set a $36.00 target price on shares of Zurn Elkay Water Solutions Cor in a report on Friday, May 16th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $38.00.

Zurn Elkay Water Solutions Cor Stock Up 1.4%

Zurn Elkay Water Solutions Cor stock traded up $0.62 during trading on Thursday, reaching $44.87. The stock had a trading volume of 2,710,488 shares, compared to its average volume of 1,164,150. Zurn Elkay Water Solutions Cor has a 52-week low of $27.74 and a 52-week high of $44.98. The business has a 50 day moving average price of $37.18 and a 200 day moving average price of $35.55. The company has a quick ratio of 1.72, a current ratio of 2.71 and a debt-to-equity ratio of 0.32. The stock has a market cap of $7.52 billion, a PE ratio of 44.43, a P/E/G ratio of 2.68 and a beta of 1.03.

Zurn Elkay Water Solutions Cor (NYSE:ZWS - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.06. The firm had revenue of $444.50 million for the quarter, compared to the consensus estimate of $424.55 million. Zurn Elkay Water Solutions Cor had a net margin of 10.78% and a return on equity of 15.23%. The company's revenue was up 7.9% on a year-over-year basis. During the same period last year, the firm posted $0.33 EPS. On average, analysts predict that Zurn Elkay Water Solutions Cor will post 1.36 EPS for the current year.

Zurn Elkay Water Solutions Cor Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Wednesday, August 20th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Wednesday, August 20th. Zurn Elkay Water Solutions Cor's dividend payout ratio is presently 35.64%.

Insider Transactions at Zurn Elkay Water Solutions Cor

In related news, Director Timothy J. Jahnke sold 20,000 shares of the stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $43.73, for a total transaction of $874,600.00. Following the completion of the sale, the director owned 180,000 shares of the company's stock, valued at approximately $7,871,400. This represents a 10.00% 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 108,930 shares of the stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $43.61, for a total transaction of $4,750,437.30. Following the completion of the sale, the vice president directly owned 94,330 shares of the company's stock, valued at $4,113,731.30. This trade represents a 53.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 167,557 shares of company stock worth $7,115,359 in the last three months. Company insiders own 2.60% of the company's stock.

Institutional Trading of Zurn Elkay Water Solutions Cor

Large investors have recently bought and sold shares of the company. Whittier Trust Co. acquired a new stake in Zurn Elkay Water Solutions Cor in the second quarter valued at approximately $26,000. HM Payson & Co. bought a new position in Zurn Elkay Water Solutions Cor during the first quarter worth $37,000. Federated Hermes Inc. lifted its stake 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 buying an additional 1,733 shares during the last quarter. CWM LLC lifted its stake in Zurn Elkay Water Solutions Cor by 33.8% in the second quarter. CWM LLC now owns 1,799 shares of the company's stock valued at $66,000 after buying an additional 454 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in Zurn Elkay Water Solutions Cor by 137.6% in the second quarter. GAMMA Investing LLC now owns 2,262 shares of the company's stock valued at $83,000 after buying an additional 1,310 shares during the last quarter. Institutional investors and hedge funds own 83.33% of the company's stock.

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.