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

Zurn Elkay Water Solutions Cor (NYSE:ZWS) VP Jeffrey Lavalle sold 946 shares of the stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $51.63, for a total transaction of $48,841.98. Following the completion of the transaction, the vice president directly owned 51,868 shares in the company, valued at approximately $2,677,944.84. This represents a 1.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Zurn Elkay Water Solutions Cor Price Performance

Zurn Elkay Water Solutions Cor stock opened at $51.29 on Friday. Zurn Elkay Water Solutions Cor has a 12 month low of $27.74 and a 12 month high of $53.17. The stock’s 50 day moving average is $47.69 and its 200-day moving average is $46.73. The company has a current ratio of 3.13, a quick ratio of 2.07 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $8.55 billion, a price-to-earnings ratio of 44.60, a PEG ratio of 2.13 and a beta of 1.08.

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

Zurn Elkay Water Solutions Cor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Stockholders 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 payout ratio is presently 38.26%.

Analyst Ratings Changes

A number of research firms recently commented on ZWS. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Zurn Elkay Water Solutions Cor in a research note on Monday, December 29th. Royal Bank Of Canada boosted their target price on shares of 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. The Goldman Sachs Group reiterated a “neutral” rating and set a $50.00 price target on shares of Zurn Elkay Water Solutions Cor in a research report on Thursday, February 5th. Robert W. Baird set a $56.00 price objective on shares of Zurn Elkay Water Solutions Cor in a research report on Thursday, February 5th. Finally, Mizuho set a $49.00 target price on Zurn Elkay Water Solutions Cor in a report on Thursday, October 30th. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $51.63.

Institutional Trading of Zurn Elkay Water Solutions Cor

A number of hedge funds have recently made changes to their positions in the company. Andina Capital Management LLC increased its holdings in Zurn Elkay Water Solutions Cor by 1.6% in the fourth quarter. Andina Capital Management LLC now owns 12,618 shares of the company’s stock worth $587,000 after purchasing an additional 200 shares in the last quarter. UMB Bank n.a. grew its position in shares of Zurn Elkay Water Solutions Cor by 24.2% during the 4th quarter. UMB Bank n.a. now owns 1,233 shares of the company’s stock worth $57,000 after buying an additional 240 shares during the period. HM Payson & Co. increased its stake in shares of Zurn Elkay Water Solutions Cor by 12.0% in the 3rd quarter. HM Payson & Co. now owns 2,303 shares of the company’s stock valued at $108,000 after acquiring an additional 246 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of Zurn Elkay Water Solutions Cor by 49.7% during the 3rd quarter. Fifth Third Bancorp now owns 771 shares of the company’s stock valued at $36,000 after acquiring an additional 256 shares during the period. Finally, Archer Investment Corp boosted its stake in Zurn Elkay Water Solutions Cor by 8.9% during the third quarter. Archer Investment Corp now owns 3,595 shares of the company’s stock worth $169,000 after acquiring an additional 295 shares in the last quarter. 83.33% of the stock is owned by institutional investors and hedge funds.

About Zurn Elkay Water Solutions Cor

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.