Crescent Grove Advisors LLC Has $108.07 Million Holdings in Zurn Elkay Water Solutions Cor $ZWS

Crescent Grove Advisors LLC trimmed its stake in shares of Zurn Elkay Water Solutions Cor (NYSE:ZWS) by 4.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,324,647 shares of the company’s stock after selling 110,800 shares during the quarter. Zurn Elkay Water Solutions Cor makes up 10.0% of Crescent Grove Advisors LLC’s holdings, making the stock its biggest holding. Crescent Grove Advisors LLC’s holdings in Zurn Elkay Water Solutions Cor were worth $108,073,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Advisory Services Network LLC bought a new position in shares of Zurn Elkay Water Solutions Cor during the third quarter worth about $25,000. V Square Quantitative Management LLC bought a new position in shares of Zurn Elkay Water Solutions Cor during the fourth quarter worth about $26,000. Fifth Third Bancorp raised its position in shares of Zurn Elkay Water Solutions Cor by 49.7% during the third quarter. Fifth Third Bancorp now owns 771 shares of the company’s stock worth $36,000 after acquiring an additional 256 shares during the last quarter. Hantz Financial Services Inc. raised its position in shares of Zurn Elkay Water Solutions Cor by 138.9% during the fourth quarter. Hantz Financial Services Inc. now owns 805 shares of the company’s stock worth $37,000 after acquiring an additional 468 shares during the last quarter. Finally, Allworth Financial LP raised its position in shares of Zurn Elkay Water Solutions Cor by 507.5% during the third quarter. Allworth Financial LP now owns 978 shares of the company’s stock worth $46,000 after acquiring an additional 817 shares during the last quarter. 83.33% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on ZWS shares. Oppenheimer restated an “outperform” rating and set a $58.00 price objective on shares of Zurn Elkay Water Solutions Cor in a research report on Thursday, April 23rd. UBS Group set a $56.00 price objective on Zurn Elkay Water Solutions Cor in a research report on Thursday, April 23rd. Weiss Ratings upgraded Zurn Elkay Water Solutions Cor from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. Stifel Nicolaus lifted their target price on Zurn Elkay Water Solutions Cor from $53.00 to $59.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Finally, Royal Bank Of Canada lifted their target price on Zurn Elkay Water Solutions Cor from $49.00 to $56.00 and gave the stock a “sector perform” rating in a report on Thursday, April 23rd. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.88.

Zurn Elkay Water Solutions Cor Trading Up 0.0%

Shares of ZWS stock opened at $47.46 on Thursday. The company has a market cap of $7.92 billion, a P/E ratio of 38.28, a PEG ratio of 1.88 and a beta of 1.06. The stock has a 50 day simple moving average of $48.22 and a two-hundred day simple moving average of $47.90. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.11 and a current ratio of 3.24. Zurn Elkay Water Solutions Cor has a fifty-two week low of $35.06 and a fifty-two week high of $53.76.

Zurn Elkay Water Solutions Cor (NYSE:ZWS) last issued its earnings results on Tuesday, April 21st. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.04. The business had revenue of $433.00 million during the quarter, compared to the consensus estimate of $418.99 million. Zurn Elkay Water Solutions Cor had a return on equity of 17.40% and a net margin of 12.26%.The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.31 earnings per share. Research analysts forecast that Zurn Elkay Water Solutions Cor will post 1.75 earnings per share for the current year.

Zurn Elkay Water Solutions Cor Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Wednesday, May 20th will be issued a dividend of $0.11 per share. The ex-dividend date is Wednesday, May 20th. This represents a $0.44 annualized dividend and a dividend yield of 0.9%. Zurn Elkay Water Solutions Cor’s payout ratio is currently 35.48%.

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.