Zurn Elkay Water Solutions Cor (NYSE:ZWS) CFO David Pauli Sells 812 Shares

Zurn Elkay Water Solutions Cor (NYSE:ZWS) CFO David Pauli sold 812 shares of Zurn Elkay Water Solutions Cor stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $51.61, for a total value of $41,907.32. Following the transaction, the chief financial officer owned 65,995 shares in the company, valued at $3,406,001.95. This trade represents a 1.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Zurn Elkay Water Solutions Cor Stock Performance

ZWS traded down $0.09 during midday trading on Friday, reaching $51.29. The company had a trading volume of 768,630 shares, compared to its average volume of 1,167,208. The business has a 50-day moving average of $47.60 and a two-hundred day moving average of $46.65. The company has a quick ratio of 2.07, a current ratio of 3.13 and a debt-to-equity ratio of 0.31. 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 market cap of $8.55 billion, a P/E 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 posted its quarterly earnings data on Tuesday, February 3rd. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.02. The firm had revenue of $407.20 million for the quarter, compared to analysts’ expectations of $400.75 million. Zurn Elkay Water Solutions Cor had a return on equity of 16.54% and a net margin of 11.68%.The business’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.32 EPS. As a group, equities research analysts predict that Zurn Elkay Water Solutions Cor will post 1.36 earnings per share for the current fiscal year.

Zurn Elkay Water Solutions Cor Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Shareholders of record on Friday, February 20th will be given a $0.11 dividend. 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 dividend payout ratio is presently 38.26%.

Institutional Investors Weigh In On Zurn Elkay Water Solutions Cor

Hedge funds have recently made changes to their positions in the company. Invesco Ltd. boosted its stake in Zurn Elkay Water Solutions Cor by 3.5% during the third quarter. Invesco Ltd. now owns 5,944,518 shares of the company’s stock valued at $279,571,000 after buying an additional 201,299 shares during the last quarter. State Street Corp raised its holdings in shares of Zurn Elkay Water Solutions Cor by 0.6% during the 2nd quarter. State Street Corp now owns 5,381,619 shares of the company’s stock worth $196,806,000 after acquiring an additional 30,483 shares in the last quarter. Impax Asset Management Group plc boosted its position in shares of Zurn Elkay Water Solutions Cor by 22.8% during the 2nd quarter. Impax Asset Management Group plc now owns 4,933,224 shares of the company’s stock valued at $180,408,000 after acquiring an additional 916,850 shares during the last quarter. Beck Mack & Oliver LLC boosted its position in shares of Zurn Elkay Water Solutions Cor by 3.7% during the 2nd quarter. Beck Mack & Oliver LLC now owns 3,706,347 shares of the company’s stock valued at $135,541,000 after acquiring an additional 133,478 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Zurn Elkay Water Solutions Cor by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 3,542,464 shares of the company’s stock valued at $164,716,000 after purchasing an additional 15,232 shares in the last quarter. 83.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

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.