Peregrine Capital Management LLC Buys 4,692 Shares of Zurn Elkay Water Solutions Cor $ZWS

Peregrine Capital Management LLC grew its stake in shares of Zurn Elkay Water Solutions Cor (NYSE:ZWS) by 1.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 282,715 shares of the company’s stock after buying an additional 4,692 shares during the period. Peregrine Capital Management LLC owned 0.17% of Zurn Elkay Water Solutions Cor worth $10,339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of ZWS. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Zurn Elkay Water Solutions Cor during the first quarter valued at approximately $265,000. Illinois Municipal Retirement Fund increased its position in Zurn Elkay Water Solutions Cor by 2.8% in the first quarter. Illinois Municipal Retirement Fund now owns 77,158 shares of the company’s stock worth $2,545,000 after purchasing an additional 2,126 shares during the last quarter. DAVENPORT & Co LLC increased its position in Zurn Elkay Water Solutions Cor by 11.3% in the first quarter. DAVENPORT & Co LLC now owns 9,523 shares of the company’s stock worth $314,000 after purchasing an additional 964 shares during the last quarter. HM Payson & Co. bought a new stake in Zurn Elkay Water Solutions Cor in the first quarter worth $37,000. Finally, Axxcess Wealth Management LLC increased its position in Zurn Elkay Water Solutions Cor by 3.9% in the first quarter. Axxcess Wealth Management LLC now owns 9,461 shares of the company’s stock worth $312,000 after purchasing an additional 358 shares during the last quarter. Institutional investors own 83.33% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Zacks Research cut shares of Zurn Elkay Water Solutions Cor from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. Oppenheimer boosted their price target on shares of Zurn Elkay Water Solutions Cor from $48.00 to $52.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 17th. Weiss Ratings restated a “buy (b-)” rating on shares of Zurn Elkay Water Solutions Cor in a research report on Wednesday, October 8th. Finally, Stifel Nicolaus boosted their price target on shares of Zurn Elkay Water Solutions Cor from $50.00 to $53.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Zurn Elkay Water Solutions Cor presently has an average rating of “Hold” and a consensus price target of $40.50.

Insider Transactions at Zurn Elkay Water Solutions Cor

In related news, Director Timothy J. Jahnke sold 2,156 shares of the company’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $47.54, for a total value of $102,496.24. Following the completion of the sale, the director directly owned 308,964 shares of the company’s stock, valued at $14,688,148.56. This represents a 0.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Sudhanshu Chhabra sold 108,930 shares of the company’s stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $43.61, for a total transaction of $4,750,437.30. Following the completion of the sale, the vice president directly owned 94,330 shares of the company’s stock, valued at approximately $4,113,731.30. This trade represents a 53.59% decrease in their ownership of the stock. 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. 2.60% of the stock is owned by insiders.

Zurn Elkay Water Solutions Cor Trading Up 0.6%

NYSE ZWS opened at $46.66 on Tuesday. The company’s 50-day moving average price is $46.37 and its 200-day moving average price is $40.21. The company has a current ratio of 2.71, a quick ratio of 1.72 and a debt-to-equity ratio of 0.32. The stock has a market cap of $7.82 billion, a PE ratio of 46.20, a PEG 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.

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

Zurn Elkay Water Solutions Cor 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.