Zurn Elkay Water Solutions Stock Price, News & Analysis (NYSE:ZWS)

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Zurn Elkay Water Solutions in the last twelve months. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ZWS shares.
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7 brokerages have issued twelve-month price targets for Zurn Elkay Water Solutions' shares. Their ZWS share price targets range from $29.00 to $34.00. On average, they anticipate the company's stock price to reach $31.14 in the next twelve months. This suggests a possible upside of 6.3% from the stock's current price.
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Zurn Elkay Water Solutions' stock was trading at $21.15 at the beginning of 2023. Since then, ZWS stock has increased by 38.5% and is now trading at $29.29.
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Zurn Elkay Water Solutions saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 6,670,000 shares, an increase of 26.6% from the October 31st total of 5,270,000 shares. Based on an average daily volume of 1,240,000 shares, the days-to-cover ratio is presently 5.4 days. Currently, 4.7% of the company's shares are short sold.
View Zurn Elkay Water Solutions' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 6th 2024.
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Zurn Elkay Water Solutions Co. (NYSE:ZWS) released its quarterly earnings data on Tuesday, October, 31st. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.02. The company had revenue of $398.40 million for the quarter, compared to analysts' expectations of $396.38 million. Zurn Elkay Water Solutions had a net margin of 7.46% and a trailing twelve-month return on equity of 9.65%. The company's quarterly revenue was down 4.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.26 earnings per share.

Zurn Elkay Water Solutions announced a quarterly dividend on Thursday, October 19th. Shareholders of record on Monday, November 20th will be paid a dividend of $0.08 per share on Thursday, December 7th. This represents a $0.32 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend is Friday, November 17th. This is an increase from the stock's previous quarterly dividend of $0.07.
Read our dividend analysis for ZWS.

Zurn Elkay Water Solutions (NYSE:ZWS) pays an annual dividend of $0.32 per share and currently has a dividend yield of 1.07%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 49.23%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ZWS will have a dividend payout ratio of 28.83% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ZWS.

ETFs with the largest weight of Zurn Elkay Water Solutions (NYSE:ZWS) stock in their portfolio include Global X Clean Water ETF (AQWA), First Trust Water ETF (FIW), Invesco S&P Global Water Index ETF (CGW) and Invesco Water Resources ETF (PHO).Ecofin Global Water ESG Fund (EBLU).

Zurn Elkay Water Solutions issued an update on its FY 2023 earnings guidance on Tuesday, October, 31st. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.52 billion-$1.52 billion, compared to the consensus revenue estimate of $1.53 billion.

Zurn Elkay Water Solutions' stock is owned by many different institutional and retail investors. Top institutional investors include Impax Asset Management Group plc (6.17%), Wellington Management Group LLP (6.13%), Kayne Anderson Rudnick Investment Management LLC (4.17%), Invesco Ltd. (2.23%), Brown Advisory Inc. (1.59%) and Charles Schwab Investment Management Inc. (1.00%). Insiders that own company stock include Chirag Dua, Craig Wehr, Jacques Donavon Butler, Mark W Peterson, Michael Troutman, Patricia M Whaley, Rodney Jackson, Sudhanshu Chhabra, Thomas Christopoul and Todd A Adams.
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Shares of ZWS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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