Zurn Elkay Water Solutions Cor (NYSE:ZWS) Receives Consensus Rating of “Hold” from Analysts

Zurn Elkay Water Solutions Cor (NYSE:ZWS) has received an average rating of “Hold” from the eight research firms that are covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $40.50.

A number of brokerages have recently commented on ZWS. Zacks Research downgraded shares of Zurn Elkay Water Solutions Cor from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Stifel Nicolaus raised their price objective on shares of Zurn Elkay Water Solutions Cor from $50.00 to $53.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Oppenheimer lifted their price target on shares of Zurn Elkay Water Solutions Cor from $48.00 to $52.00 and gave the company an “outperform” rating in a report on Wednesday, September 17th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Zurn Elkay Water Solutions Cor in a report on Wednesday, October 8th.

Insider Buying and Selling

In related news, VP Sudhanshu Chhabra sold 108,930 shares of the company’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 sale, the vice president owned 94,330 shares in the company, valued at approximately $4,113,731.30. This represents a 53.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Timothy J. Jahnke sold 2,156 shares of the company’s stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $47.54, for a total transaction of $102,496.24. Following the completion of the sale, the director owned 308,964 shares of the company’s stock, valued at approximately $14,688,148.56. This trade represents a 0.69% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 168,930 shares of company stock valued at $7,452,507. Company insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. HM Payson & Co. increased its stake in shares of Zurn Elkay Water Solutions Cor by 12.0% during the 3rd quarter. HM Payson & Co. now owns 2,303 shares of the company’s stock worth $108,000 after purchasing an additional 246 shares during the last quarter. Archer Investment Corp boosted its holdings in shares of Zurn Elkay Water Solutions Cor by 10.0% during the 2nd quarter. Archer Investment Corp now owns 3,300 shares of the company’s stock worth $121,000 after buying an additional 300 shares during the period. Thrive Wealth Management LLC boosted its holdings in Zurn Elkay Water Solutions Cor by 3.8% in the 3rd quarter. Thrive Wealth Management LLC now owns 8,713 shares of the company’s stock valued at $410,000 after purchasing an additional 323 shares during the period. Venturi Wealth Management LLC boosted its holdings in Zurn Elkay Water Solutions Cor by 3.6% in the 1st quarter. Venturi Wealth Management LLC now owns 9,777 shares of the company’s stock valued at $322,000 after purchasing an additional 336 shares during the period. Finally, IFP Advisors Inc boosted its holdings in Zurn Elkay Water Solutions Cor by 12.5% in the 2nd quarter. IFP Advisors Inc now owns 3,058 shares of the company’s stock valued at $112,000 after purchasing an additional 339 shares during the period. Institutional investors and hedge funds own 83.33% of the company’s stock.

Zurn Elkay Water Solutions Cor Stock Down 1.5%

ZWS stock opened at $45.77 on Friday. The company’s 50 day simple moving average is $46.30 and its 200-day simple moving average is $39.82. The firm has a market capitalization of $7.67 billion, a PE ratio of 45.32, a P/E/G ratio of 2.49 and a beta of 1.09. Zurn Elkay Water Solutions Cor has a 12 month low of $27.74 and a 12 month high of $48.42. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.71 and a quick ratio of 1.72.

Zurn Elkay Water Solutions Cor (NYSE:ZWS) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.06. The business had revenue of $444.50 million for the quarter, compared to the consensus estimate of $424.55 million. Zurn Elkay Water Solutions Cor had a net margin of 10.78% and a return on equity of 15.23%. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.33 earnings per share. Equities analysts expect that Zurn Elkay Water Solutions Cor will post 1.36 earnings per share for the current fiscal year.

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.