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NYSE:ZWS

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

$33.80
+0.32 (+0.96%)
(As of 09/17/2024 ET)

About Zurn Elkay Water Solutions Stock (NYSE:ZWS)

Key Stats

Today's Range
$33.49
$34.13
50-Day Range
$29.18
$33.80
52-Week Range
$25.09
$34.58
Volume
1.90 million shs
Average Volume
964,770 shs
Market Capitalization
$5.78 billion
P/E Ratio
47.61
Dividend Yield
0.95%
Price Target
$35.17
Consensus Rating
Hold

Company Overview

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. The company also provides flow systems products comprising point drains, hydrants, fixture carrier systems, chemical drainage systems; and interceptors and separators, acid neutralization systems, and remote monitoring systems under the Zurn and Green Turtle brands. In addition, it develops, manufactures, and markets remote tank monitoring devices, alarms, software, and services. Further, the company offers sensor-operated flush valves under the AquaSense, Aquaflush, and AquaVantage brands; heavy-duty commercial faucets under the AquaSpec brand; water conserving fixtures under the EcoVantage and Zurn One brands; stainless steel products under the Just Manufacturing brand name, which include stainless steel sinks and plumbing fixtures, and various types of sinks, as well as drinking water dispensing and filtration products under the Elkay and Halsey Taylor brands. It distributes to institutional, commercial, waterworks, and residential end markets through independent sales representatives, plumbing wholesalers, and industry-specific distributors in the waterworks, foodservice, industrial, janitorial, sanitation, and sitework industries. The company was formerly known as Zurn Water Solutions Corporation and changed its name to Zurn Elkay Water Solutions Corporation in July 2022. Zurn Elkay Water Solutions Corporation was incorporated in 1892 and is headquartered in Milwaukee, Wisconsin.

Zurn Elkay Water Solutions Stock Analysis - MarketRank™

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Overall MarketRank™: 46th Percentile

Zurn Elkay Water Solutions scored higher than 46% of companies evaluated by MarketBeat, and ranked 138th out of 182 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Zurn Elkay Water Solutions has received a consensus rating of Hold. The company's average rating score is 2.43, and is based on 3 buy ratings, 4 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Zurn Elkay Water Solutions has only been the subject of 3 research reports in the past 90 days.

  • Read more about Zurn Elkay Water Solutions' stock forecast and price target.
  • Earnings Growth

    Earnings for Zurn Elkay Water Solutions are expected to grow by 9.92% in the coming year, from $1.21 to $1.33 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Zurn Elkay Water Solutions is 47.61, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.04.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Zurn Elkay Water Solutions is 47.61, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 20.26.

  • Price to Earnings Growth Ratio

    Zurn Elkay Water Solutions has a PEG Ratio of 1.75. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Zurn Elkay Water Solutions has a P/B Ratio of 3.65. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Zurn Elkay Water Solutions' valuation and earnings.
  • Percentage of Shares Shorted

    2.88% of the float of Zurn Elkay Water Solutions has been sold short.
  • Short Interest Ratio / Days to Cover

    Zurn Elkay Water Solutions has a short interest ratio ("days to cover") of 4.
  • Change versus previous month

    Short interest in Zurn Elkay Water Solutions has recently decreased by 4.84%, indicating that investor sentiment is improving.
  • Dividend Yield

    Zurn Elkay Water Solutions has a dividend yield of 0.99%, which is in the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Zurn Elkay Water Solutions does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Zurn Elkay Water Solutions is 45.07%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Zurn Elkay Water Solutions will have a dividend payout ratio of 24.06% next year. This indicates that Zurn Elkay Water Solutions will be able to sustain or increase its dividend.

  • Read more about Zurn Elkay Water Solutions' dividend.
  • Percentage of Shares Shorted

    2.88% of the float of Zurn Elkay Water Solutions has been sold short.
  • Short Interest Ratio / Days to Cover

    Zurn Elkay Water Solutions has a short interest ratio ("days to cover") of 4.
  • Change versus previous month

    Short interest in Zurn Elkay Water Solutions has recently decreased by 4.84%, indicating that investor sentiment is improving.
  • News Sentiment

    Zurn Elkay Water Solutions has a news sentiment score of 0.74. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Industrial Products companies.
  • News Coverage This Week

    MarketBeat has tracked 18 news articles for Zurn Elkay Water Solutions this week, compared to 4 articles on an average week.
  • Search Interest

    2 people have searched for ZWS on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
  • MarketBeat Follows

    Only 1 people have added Zurn Elkay Water Solutions to their MarketBeat watchlist in the last 30 days. This is a decrease of -80% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Zurn Elkay Water Solutions insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $6,638,953.00 in company stock.

  • Percentage Held by Insiders

    Only 3.80% of the stock of Zurn Elkay Water Solutions is held by insiders.

  • Percentage Held by Institutions

    83.33% of the stock of Zurn Elkay Water Solutions is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Zurn Elkay Water Solutions' insider trading history.
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ZWS Stock News Headlines

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ZWS Stock Analysis - Frequently Asked Questions

Zurn Elkay Water Solutions' stock was trading at $29.41 at the beginning of the year. Since then, ZWS stock has increased by 14.9% and is now trading at $33.80.
View the best growth stocks for 2024 here
.

Zurn Elkay Water Solutions Co. (NYSE:ZWS) released its earnings results on Tuesday, July, 30th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.31 by $0.02. The business's revenue was up 2.2% on a year-over-year basis.

Top institutional shareholders of Zurn Elkay Water Solutions include Kayne Anderson Rudnick Investment Management LLC (7.69%), Impax Asset Management Group plc (4.90%), J. W. Coons Advisors LLC (1.20%) and Principal Financial Group Inc. (1.01%). Insiders that own company stock include Ice Mountain Llc, Aimee Katz, Todd A Adams, Timothy J Jahnke, Mark W Peterson, Rodney Jackson, Thomas Christopoul, Craig Wehr, Sudhanshu Chhabra, Michael Troutman, Jacques Donavon Butler, Jeffrey A Schoon, Chirag Dua and Patricia M Whaley.
View institutional ownership trends
.

Shares of ZWS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Company Calendar

Last Earnings
7/30/2024
Ex-Dividend for 9/6 Dividend
8/20/2024
Dividend Payable
9/06/2024
Today
9/17/2024
Next Earnings (Estimated)
10/29/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
General industrial machinery & equipment
Sub-Industry
N/A
Employees
2,400
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$35.17
High Stock Price Target
$40.00
Low Stock Price Target
$29.00
Potential Upside/Downside
+4.0%
Consensus Rating
Hold
Rating Score (0-4)
2.43
Research Coverage
7 Analysts

Profitability

Net Income
$112.70 million
Pretax Margin
11.28%

Debt

Sales & Book Value

Annual Sales
$1.53 billion
Cash Flow
$1.57 per share
Book Value
$9.27 per share

Miscellaneous

Free Float
166,135,000
Market Cap
$5.78 billion
Optionable
Optionable
Beta
1.14
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This page (NYSE:ZWS) was last updated on 9/18/2024 by MarketBeat.com Staff
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