Jeffrey Lavalle Sells 946 Shares of Zurn Elkay Water Solutions Cor (NYSE:ZWS) Stock

Zurn Elkay Water Solutions Cor (NYSE:ZWS) VP Jeffrey Lavalle sold 946 shares of Zurn Elkay Water Solutions Cor stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $51.63, for a total value of $48,841.98. Following the transaction, the vice president owned 51,868 shares of the company’s stock, valued at $2,677,944.84. This trade represents a 1.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Zurn Elkay Water Solutions Cor Stock Down 0.2%

Shares of Zurn Elkay Water Solutions Cor stock traded down $0.09 on Friday, hitting $51.29. The company had a trading volume of 768,630 shares, compared to its average volume of 1,167,208. Zurn Elkay Water Solutions Cor has a 1 year low of $27.74 and a 1 year high of $53.17. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.07 and a current ratio of 3.13. The stock has a 50 day moving average of $47.60 and a 200-day moving average of $46.65. The stock has a market capitalization of $8.55 billion, a price-to-earnings ratio of 44.60, a P/E/G ratio of 2.14 and a beta of 1.08.

Zurn Elkay Water Solutions Cor (NYSE:ZWS) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.02. The business had revenue of $407.20 million during the quarter, compared to analyst estimates of $400.75 million. Zurn Elkay Water Solutions Cor had a return on equity of 16.54% and a net margin of 11.68%.Zurn Elkay Water Solutions Cor’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.32 EPS. As a group, sell-side analysts forecast that Zurn Elkay Water Solutions Cor will post 1.36 earnings per share for the current year.

Zurn Elkay Water Solutions Cor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Stockholders of record on Friday, February 20th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, February 20th. Zurn Elkay Water Solutions Cor’s payout ratio is presently 38.26%.

Analyst Ratings Changes

A number of analysts recently issued reports on ZWS shares. Mizuho set a $49.00 price objective on shares of Zurn Elkay Water Solutions Cor in a report on Thursday, October 30th. Jefferies Financial Group initiated coverage on shares of Zurn Elkay Water Solutions Cor in a research note on Friday, December 12th. They set a “buy” rating and a $58.00 price target for the company. Stifel Nicolaus set a $59.00 price objective on Zurn Elkay Water Solutions Cor in a research note on Thursday, February 5th. Oppenheimer increased their price objective on Zurn Elkay Water Solutions Cor from $53.00 to $57.00 and gave the company an “outperform” rating in a report on Friday, February 6th. Finally, Royal Bank Of Canada boosted their target price on Zurn Elkay Water Solutions Cor from $49.00 to $55.00 and gave the company a “sector perform” rating in a research note on Thursday, February 5th. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $51.63.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Empowered Funds LLC bought a new stake in shares of Zurn Elkay Water Solutions Cor during the 1st quarter valued at about $277,000. Woodline Partners LP purchased a new stake in Zurn Elkay Water Solutions Cor in the first quarter valued at approximately $4,632,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Zurn Elkay Water Solutions Cor by 5.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 488,985 shares of the company’s stock valued at $16,127,000 after purchasing an additional 24,348 shares during the last quarter. IFP Advisors Inc grew its stake 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 worth $112,000 after buying an additional 339 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in shares of Zurn Elkay Water Solutions Cor by 34.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 8,312 shares of the company’s stock worth $304,000 after buying an additional 2,127 shares during the last quarter. 83.33% of the stock is currently owned by hedge funds and other institutional investors.

Zurn Elkay Water Solutions Cor Company Profile

Zurn Elkay Water Solutions Corp, trading on the NYSE under the ticker ZWS, is a global provider of water delivery and plumbing products. The company was established in October 2022 through a spin-off from Rexnord Corp, creating a standalone business focused on designing, manufacturing and marketing water system components for residential, commercial and industrial customers.

Through its Zurn segment, the company offers solutions for water delivery, drainage and waste evacuation. Product lines include valves, hydrants, backflow prevention devices, piping systems, fittings and commercial waste stations.