Zurn Elkay Water Solutions Co. (NYSE:ZWS) Shares Purchased by California Public Employees Retirement System

California Public Employees Retirement System raised its position in Zurn Elkay Water Solutions Co. (NYSE:ZWS) by 13.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 243,469 shares of the company’s stock after acquiring an additional 29,642 shares during the quarter. California Public Employees Retirement System owned approximately 0.14% of Zurn Elkay Water Solutions worth $7,160,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ZWS. Fiera Capital Corp grew its stake in shares of Zurn Elkay Water Solutions by 0.7% during the third quarter. Fiera Capital Corp now owns 119,908 shares of the company’s stock worth $3,360,000 after purchasing an additional 781 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Zurn Elkay Water Solutions by 1.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 79,339 shares of the company’s stock worth $2,223,000 after acquiring an additional 982 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Zurn Elkay Water Solutions by 16.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 6,900 shares of the company’s stock valued at $203,000 after acquiring an additional 1,000 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Zurn Elkay Water Solutions by 5.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 19,750 shares of the company’s stock worth $553,000 after acquiring an additional 1,032 shares in the last quarter. Finally, Amalgamated Bank lifted its stake in Zurn Elkay Water Solutions by 7.9% during the third quarter. Amalgamated Bank now owns 16,227 shares of the company’s stock worth $455,000 after purchasing an additional 1,187 shares during the last quarter. Institutional investors and hedge funds own 83.33% of the company’s stock.

Zurn Elkay Water Solutions Trading Up 0.0 %

Shares of ZWS opened at $31.64 on Friday. Zurn Elkay Water Solutions Co. has a fifty-two week low of $20.70 and a fifty-two week high of $34.58. The stock has a fifty day moving average of $31.97 and a two-hundred day moving average of $30.16. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.95 and a current ratio of 3.31. The company has a market capitalization of $5.46 billion, a PE ratio of 44.56, a price-to-earnings-growth ratio of 1.63 and a beta of 1.21.

Zurn Elkay Water Solutions (NYSE:ZWS) last released its earnings results on Tuesday, April 23rd. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.26 by $0.03. The firm had revenue of $374.00 million during the quarter, compared to analyst estimates of $369.43 million. Zurn Elkay Water Solutions had a return on equity of 11.85% and a net margin of 8.11%. The business’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.18 earnings per share. As a group, analysts forecast that Zurn Elkay Water Solutions Co. will post 1.18 EPS for the current year.

Zurn Elkay Water Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Monday, May 20th will be issued a $0.08 dividend. The ex-dividend date is Friday, May 17th. This represents a $0.32 dividend on an annualized basis and a yield of 1.01%. Zurn Elkay Water Solutions’s payout ratio is 45.07%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. BNP Paribas started coverage on shares of Zurn Elkay Water Solutions in a research report on Tuesday, March 12th. They set an “outperform” rating and a $40.00 price objective for the company. Mizuho lowered Zurn Elkay Water Solutions from a “buy” rating to a “neutral” rating and set a $34.00 price objective on the stock. in a report on Friday, February 9th. Oppenheimer boosted their target price on Zurn Elkay Water Solutions from $36.00 to $37.00 and gave the company an “outperform” rating in a report on Friday, April 12th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Zurn Elkay Water Solutions from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $33.50.

Insider Buying and Selling

In other news, CFO Mark W. Peterson sold 70,000 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $32.88, for a total transaction of $2,301,600.00. Following the completion of the sale, the chief financial officer now directly owns 302,299 shares of the company’s stock, valued at approximately $9,939,591.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Michael Troutman sold 897 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $30.70, for a total transaction of $27,537.90. Following the completion of the sale, the insider now owns 43,026 shares of the company’s stock, valued at approximately $1,320,898.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Mark W. Peterson sold 70,000 shares of Zurn Elkay Water Solutions stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $32.88, for a total transaction of $2,301,600.00. Following the transaction, the chief financial officer now directly owns 302,299 shares in the company, valued at $9,939,591.12. The disclosure for this sale can be found here. Over the last quarter, insiders sold 741,506 shares of company stock valued at $23,964,936. Insiders own 3.80% of the company’s stock.

Zurn Elkay Water Solutions Company Profile

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.