Zurn Elkay Water Solutions Cor (NYSE:ZWS) Receives Average Rating of "Hold" from Brokerages

Key Points

• Zurn Elkay Water Solutions Corp (NYSE:ZWS) has received a consensus rating of "Hold" from six brokerages, with four recommending hold and two giving buy ratings.
• The company recently reported quarterly earnings of $0.42 per share, exceeding the consensus estimate of $0.36, and experienced a 7.9% increase in revenue year over year.
• Insider activity includes significant stock sales, with CFO David J. Pauli selling shares totaling over $100,000, indicating potential shifts in ownership stakes among executives.

Zurn Elkay Water Solutions Cor (NYSE:ZWS - Get Free Report) has been assigned a consensus rating of "Hold" from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $38.00.

ZWS has been the topic of a number of recent research reports. BNP Paribas downgraded 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 report on Wednesday, April 9th. Mizuho set a $36.00 price target on Zurn Elkay Water Solutions Cor in a research report on Friday, May 16th. Stifel Nicolaus raised their price objective on Zurn Elkay Water Solutions Cor from $43.00 to $50.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Finally, Robert W. Baird dropped their price objective on Zurn Elkay Water Solutions Cor from $42.00 to $39.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th.

Insider Activity at Zurn Elkay Water Solutions Cor

In other Zurn Elkay Water Solutions Cor news, CFO David J. Pauli sold 2,706 shares of the firm's stock in a transaction dated Wednesday, May 14th. The stock was 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 owned 60,772 shares of the company's stock, valued at approximately $2,255,248.92. This trade represents a 4.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Sudhanshu Chhabra sold 108,930 shares of the firm's stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $43.61, for a total value 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 approximately $4,113,731.30. This 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 valued at $7,115,359 over the last quarter. 2.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Zurn Elkay Water Solutions Cor

Several institutional investors have recently added to or reduced their stakes in ZWS. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Zurn Elkay Water Solutions Cor in the first quarter worth about $265,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Zurn Elkay Water Solutions Cor in the first quarter worth about $448,000. GAMMA Investing LLC raised its stake in shares of Zurn Elkay Water Solutions Cor by 3,250.8% in the first quarter. GAMMA Investing LLC now owns 31,397 shares of the company's stock worth $952,000 after purchasing an additional 30,460 shares during the last quarter. Perpetual Ltd raised its stake in shares of Zurn Elkay Water Solutions Cor by 23.4% in the first quarter. Perpetual Ltd now owns 264,396 shares of the company's stock worth $8,720,000 after purchasing an additional 50,207 shares during the last quarter. Finally, Capital Fund Management S.A. purchased a new position in shares of Zurn Elkay Water Solutions Cor in the fourth quarter worth about $876,000. Institutional investors and hedge funds own 83.33% of the company's stock.

Zurn Elkay Water Solutions Cor Price Performance

ZWS opened at $43.85 on Tuesday. Zurn Elkay Water Solutions Cor has a 12-month low of $27.74 and a 12-month high of $45.00. The company has a current ratio of 2.71, a quick ratio of 1.72 and a debt-to-equity ratio of 0.32. The business's fifty day simple moving average is $37.35 and its 200-day simple moving average is $35.56. The company has a market capitalization of $7.35 billion, a price-to-earnings ratio of 43.41, a PEG ratio of 2.41 and a beta of 1.03.

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

Zurn Elkay Water Solutions Cor Announces Dividend

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

About Zurn Elkay Water Solutions Cor

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.

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