Zurn Elkay Water Solutions Cor (NYSE:ZWS) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Zurn Elkay Water Solutions Cor (NYSE:ZWS - Get Free Report) had its price target boosted by stock analysts at Stifel Nicolaus from $39.00 to $43.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Stifel Nicolaus' price target would indicate a potential upside of 16.16% from the company's current price.

Several other analysts have also recently commented on ZWS. Robert W. Baird decreased 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. BNP Paribas downgraded shares of Zurn Elkay Water Solutions Cor from an "outperform" rating to a "neutral" rating and set a $29.00 price objective for the company. in a research note on Wednesday, April 9th. Mizuho set a $36.00 target price on shares of Zurn Elkay Water Solutions Cor in a research note on Friday, May 16th. Finally, The Goldman Sachs Group decreased their price objective on shares of 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. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $36.86.

Zurn Elkay Water Solutions Cor Price Performance

ZWS traded down $0.53 during midday trading on Monday, hitting $37.02. The stock had a trading volume of 922,186 shares, compared to its average volume of 1,082,745. The company has a market cap of $6.23 billion, a P/E ratio of 37.39, a price-to-earnings-growth ratio of 2.32 and a beta of 0.99. Zurn Elkay Water Solutions Cor has a 1 year low of $27.74 and a 1 year high of $41.15. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.72 and a current ratio of 2.87. The business has a fifty day moving average of $36.61 and a 200 day moving average of $35.33.

Zurn Elkay Water Solutions Cor (NYSE:ZWS - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.29 by $0.02. The firm had revenue of $388.80 million during the quarter, compared to analyst estimates 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 in the previous year, the company posted $0.29 EPS. As a group, equities analysts forecast that Zurn Elkay Water Solutions Cor will post 1.36 earnings per share for the current fiscal year.

Insider Transactions 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 shares were sold at an average price of $37.11, for a total transaction of $100,419.66. Following the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 transaction of $964,001.99. Following the completion of the sale, the vice president owned 94,132 shares in the company, valued at $3,500,769.08. This represents a 21.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by insiders.

Institutional Trading of Zurn Elkay Water Solutions Cor

Several hedge funds have recently added to or reduced their stakes in ZWS. Venturi Wealth Management LLC raised its stake in shares of Zurn Elkay Water Solutions Cor by 3.6% during the 1st quarter. Venturi Wealth Management LLC now owns 9,777 shares of the company's stock worth $322,000 after buying an additional 336 shares during the last quarter. Axxcess Wealth Management LLC lifted its position in shares of Zurn Elkay Water Solutions Cor by 3.9% during the first quarter. Axxcess Wealth Management LLC now owns 9,461 shares of the company's stock worth $312,000 after purchasing an additional 358 shares in the last quarter. Central Pacific Bank Trust Division boosted its stake in shares of Zurn Elkay Water Solutions Cor by 8.4% during the 2nd quarter. Central Pacific Bank Trust Division now owns 4,771 shares of the company's stock valued at $174,000 after buying an additional 371 shares during the last quarter. Choreo LLC lifted its stake in Zurn Elkay Water Solutions Cor by 3.3% during the first quarter. Choreo LLC now owns 12,295 shares of the company's stock worth $405,000 after purchasing an additional 395 shares during the last quarter. Finally, Summit Investment Advisors Inc. lifted its stake in Zurn Elkay Water Solutions Cor by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 15,070 shares of the company's stock valued at $562,000 after buying an additional 477 shares during the last quarter. Institutional investors and hedge funds own 83.33% of the company's stock.

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.