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Zurn Elkay Water Solutions Cor (NYSE:ZWS) VP Sells $4,750,437.30 in Stock

Zurn Elkay Water Solutions Cor logo with Business Services background

Key Points

  • Sudhanshu Chhabra, VP of Zurn Elkay Water Solutions, sold 108,930 shares for approximately $4.75 million, reducing his position by 53.59%.
  • In the latest earnings report, Zurn Elkay posted an EPS of $0.42, exceeding estimates of $0.36, with revenues of $444.5 million, marking a 7.9% year-over-year increase.
  • The company announced a quarterly dividend of $0.09 per share, with an annualized dividend yield of 0.8% and a payout ratio of 35.64%.
  • MarketBeat previews top five stocks to own in September.

Zurn Elkay Water Solutions Cor (NYSE:ZWS - Get Free Report) VP Sudhanshu Chhabra sold 108,930 shares of the business's stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $43.61, for a total value of $4,750,437.30. Following the completion of the transaction, the vice president directly owned 94,330 shares in the company, valued at approximately $4,113,731.30. The trade was a 53.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Sudhanshu Chhabra also recently made the following trade(s):

  • On Monday, May 12th, Sudhanshu Chhabra sold 25,921 shares of Zurn Elkay Water Solutions Cor stock. The shares were sold at an average price of $37.19, for a total value of $964,001.99.

Zurn Elkay Water Solutions Cor Trading Up 1.4%

Shares of ZWS traded up $0.62 during mid-day trading on Friday, reaching $44.87. The company had a trading volume of 2,710,488 shares, compared to its average volume of 1,164,150. The stock has a market cap of $7.52 billion, a price-to-earnings ratio of 31.83, a price-to-earnings-growth ratio of 2.68 and a beta of 1.03. 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 firm has a fifty day simple moving average of $37.00 and a 200-day simple moving average of $35.50. Zurn Elkay Water Solutions Cor has a fifty-two week low of $27.74 and a fifty-two week high of $44.98.

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

Zurn Elkay Water Solutions Cor Announces Dividend

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

Analysts Set New Price Targets

Several analysts have weighed in on the company. Mizuho set a $36.00 target price on Zurn Elkay Water Solutions Cor in a report on Friday, May 16th. Stifel Nicolaus upped their target price on Zurn Elkay Water Solutions Cor from $43.00 to $50.00 and gave the company a "buy" rating in a research note on Thursday. Robert W. Baird reduced their target price on 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, BNP Paribas lowered Zurn Elkay Water Solutions Cor from an "outperform" rating to a "neutral" rating and set a $29.00 target price on the stock. in a research note on Wednesday, April 9th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Zurn Elkay Water Solutions Cor presently has a consensus rating of "Hold" and an average price target of $37.86.

Check Out Our Latest Stock Analysis on ZWS

Institutional Investors Weigh In On Zurn Elkay Water Solutions Cor

Several institutional investors and hedge funds have recently modified their holdings of ZWS. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Zurn Elkay Water Solutions Cor in the 1st quarter worth approximately $265,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Zurn Elkay Water Solutions Cor in the first quarter valued at approximately $448,000. GAMMA Investing LLC boosted its holdings 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 valued at $952,000 after buying an additional 30,460 shares during the period. Perpetual Ltd boosted its holdings 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 valued at $8,720,000 after buying an additional 50,207 shares during the period. Finally, Fernwood Investment Management LLC boosted its holdings in Zurn Elkay Water Solutions Cor by 199.9% during the fourth quarter. Fernwood Investment Management LLC now owns 44,935 shares of the company's stock worth $1,676,000 after purchasing an additional 29,950 shares during the last quarter. Institutional investors and hedge funds own 83.33% of the company's stock.

About Zurn Elkay Water Solutions Cor

(Get Free Report)

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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