Smith Group Asset Management LLC Sells 29,530 Shares of Zurn Elkay Water Solutions Cor $ZWS

Smith Group Asset Management LLC decreased its position in Zurn Elkay Water Solutions Cor (NYSE:ZWS) by 63.2% in the third quarter, Holdings Channel reports. The institutional investor owned 17,182 shares of the company’s stock after selling 29,530 shares during the period. Smith Group Asset Management LLC’s holdings in Zurn Elkay Water Solutions Cor were worth $798,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Peterson Wealth Services grew its position in shares of Zurn Elkay Water Solutions Cor by 8.1% during the 3rd quarter. Peterson Wealth Services now owns 24,009 shares of the company’s stock valued at $1,116,000 after acquiring an additional 1,802 shares during the period. Signaturefd LLC raised its holdings in Zurn Elkay Water Solutions Cor by 107.9% in the 3rd quarter. Signaturefd LLC now owns 1,320 shares of the company’s stock worth $61,000 after purchasing an additional 685 shares during the period. Sterling Capital Management LLC raised its holdings in Zurn Elkay Water Solutions Cor by 840.1% in the 3rd quarter. Sterling Capital Management LLC now owns 4,992 shares of the company’s stock worth $232,000 after purchasing an additional 4,461 shares during the period. Inspire Investing LLC raised its holdings in Zurn Elkay Water Solutions Cor by 156.3% in the 3rd quarter. Inspire Investing LLC now owns 22,331 shares of the company’s stock worth $1,038,000 after purchasing an additional 13,619 shares during the period. Finally, Root Financial Partners LLC purchased a new position in Zurn Elkay Water Solutions Cor during the third quarter worth approximately $26,000. Hedge funds and other institutional investors own 83.33% of the company’s stock.

Zurn Elkay Water Solutions Cor News Roundup

Here are the key news stories impacting Zurn Elkay Water Solutions Cor this week:

• Positive Sentiment: Third-quarter adjusted EPS was $0.52, above the $0.50 analyst consensus and up from $0.43 a year earlier. Revenue increased 8.7% year over year to $495.1 million, slightly exceeding estimates of $493.4 million. Zurn Water Q3 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Zurn Elkay raised its dividend by 18%, signaling confidence in cash generation and shareholder returns. Management also indicated that additional growth opportunities remain ahead. Zurn Elkay Q3 2026 Dividend and Growth
• Neutral Sentiment: Management provided a fourth-quarter sales outlook and discussed continued operating execution during the earnings call. Investors will look for evidence that demand and margins can support the company’s growth trajectory. Zurn Elkay Q3 2026 Earnings Call Transcript
• Negative Sentiment: The revenue beat was modest, and reports characterized quarterly sales as essentially in line with expectations. That may have limited the impact of the EPS beat, particularly with the stock trading at a valuation of roughly 27 times earnings. Zurn Elkay Q3 Sales In Line With Estimates

Wall Street Analyst Weigh In

Several analysts have commented on ZWS shares. Royal Bank Of Canada dropped their price objective on Zurn Elkay Water Solutions Cor from $58.00 to $54.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 14th. Zacks Research cut Zurn Elkay Water Solutions Cor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 20th. Robert W. Baird set a $58.00 target price on Zurn Elkay Water Solutions Cor in a research note on Thursday, July 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Zurn Elkay Water Solutions Cor in a research report on Thursday, October 22nd. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $55.00 target price on shares of Zurn Elkay Water Solutions Cor in a research report on Wednesday, July 29th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Zurn Elkay Water Solutions Cor has an average rating of “Moderate Buy” and an average price target of $57.00.

Zurn Elkay Water Solutions Cor Stock Down 11.9%

ZWS stock opened at $43.31 on Thursday. The stock has a market capitalization of $7.18 billion, a P/E ratio of 26.73, a P/E/G ratio of 1.77 and a beta of 1.07. The firm has a 50-day simple moving average of $47.28 and a 200-day simple moving average of $48.28. The company has a quick ratio of 2.13, a current ratio of 3.05 and a debt-to-equity ratio of 0.30. Zurn Elkay Water Solutions Cor has a 52 week low of $42.89 and a 52 week high of $55.00.

Zurn Elkay Water Solutions Cor (NYSE:ZWS) last issued its quarterly earnings results on Tuesday, October 27th. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.02. Zurn Elkay Water Solutions Cor had a net margin of 15.45% and a return on equity of 18.01%. The firm had revenue of $495.10 million for the quarter, compared to analyst estimates of $493.36 million. During the same period last year, the company posted $0.43 EPS. Zurn Elkay Water Solutions Cor’s quarterly revenue was up 8.7% compared to the same quarter last year. Equities analysts forecast that Zurn Elkay Water Solutions Cor will post 1.83 earnings per share for the current fiscal year.

Zurn Elkay Water Solutions Cor Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 7th. Shareholders of record on Friday, November 20th will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, November 20th. This is an increase from Zurn Elkay Water Solutions Cor’s previous quarterly dividend of $0.11. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.2%. Zurn Elkay Water Solutions Cor’s payout ratio is currently 32.10%.

Insider Buying and Selling at Zurn Elkay Water Solutions Cor

In other news, Director Jacques Butler bought 2,016 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The shares were acquired at an average price of $49.60 per share, for a total transaction of $99,993.60. Following the completion of the transaction, the director directly owned 37,487 shares in the company, valued at $1,859,355.20. The trade was a 5.68% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.40% of the stock is currently owned by company insiders.

About Zurn Elkay Water Solutions Cor

Zurn Elkay Water Solutions Corporation (NYSE: ZWS) is a manufacturer of products and systems used to manage, conserve and protect water in commercial, institutional, industrial and residential buildings. The company provides plumbing and water-management solutions designed to support water distribution, drainage, safety, hygiene and efficiency.

Its product portfolio includes commercial faucets, flush valves, fixtures, drains, plumbing specialties, backflow-prevention devices, water coolers, bottle-filling stations, water filtration systems and related accessories.