Zurn Elkay Water Solutions (NYSE:ZWS) PT Lowered to $36.00

Zurn Elkay Water Solutions (NYSE:ZWS) had its price target reduced by Deutsche Bank Aktiengesellschaft from $37.00 to $36.00 in a research note released on Thursday, Benzinga reports. They currently have a buy rating on the stock.

Several other research firms have also weighed in on ZWS. Oppenheimer lifted their price objective on shares of Zurn Elkay Water Solutions from $36.00 to $37.00 and gave the stock an outperform rating in a research note on Friday, April 12th. BNP Paribas started coverage on shares of Zurn Elkay Water Solutions in a research note on Tuesday, March 12th. They issued an outperform rating and a $40.00 price target on the stock. Finally, Mizuho lowered shares of Zurn Elkay Water Solutions from a buy rating to a neutral rating and set a $34.00 price target on the stock. in a research note on Friday, February 9th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $33.50.

Zurn Elkay Water Solutions Stock Down 0.7 %

Shares of NYSE:ZWS opened at $31.88 on Thursday. Zurn Elkay Water Solutions has a one year low of $20.06 and a one year high of $34.58. The company has a 50 day moving average of $31.93 and a 200-day moving average of $29.99. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.31 and a quick ratio of 1.77. The stock has a market cap of $5.51 billion, a price-to-earnings ratio of 44.90, a P/E/G ratio of 1.79 and a beta of 1.22.

Zurn Elkay Water Solutions (NYSE:ZWS) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.03. Zurn Elkay Water Solutions had a net margin of 8.11% and a return on equity of 11.85%. The business had revenue of $374.00 million for the quarter, compared to analyst estimates of $369.43 million. During the same quarter last year, the firm earned $0.18 EPS. Zurn Elkay Water Solutions’s quarterly revenue was up .5% compared to the same quarter last year. On average, sell-side analysts forecast that Zurn Elkay Water Solutions will post 1.15 earnings per share for the current year.

Zurn Elkay Water Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Shareholders of record on Tuesday, February 20th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend was Friday, February 16th. Zurn Elkay Water Solutions’s dividend payout ratio (DPR) is currently 45.07%.

Insiders Place Their Bets

In other Zurn Elkay Water Solutions news, CEO Todd A. Adams sold 129,604 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $33.06, for a total transaction of $4,284,708.24. Following the sale, the chief executive officer now directly owns 1,828,550 shares of the company’s stock, valued at $60,451,863. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Zurn Elkay Water Solutions news, CEO Todd A. Adams sold 129,604 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $33.06, for a total transaction of $4,284,708.24. Following the sale, the chief executive officer now directly owns 1,828,550 shares of the company’s stock, valued at $60,451,863. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Timothy J. Jahnke sold 30,000 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $33.09, for a total transaction of $992,700.00. Following the completion of the transaction, the director now directly owns 589,275 shares in the company, valued at $19,499,109.75. The disclosure for this sale can be found here. Over the last three months, insiders have sold 741,506 shares of company stock valued at $23,964,936. 3.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Zurn Elkay Water Solutions

Large investors have recently modified their holdings of the stock. Principal Securities Inc. bought a new position in Zurn Elkay Water Solutions during the fourth quarter worth about $34,000. Benjamin Edwards Inc. bought a new position in Zurn Elkay Water Solutions during the fourth quarter worth about $42,000. IFP Advisors Inc increased its position in Zurn Elkay Water Solutions by 70.9% during the third quarter. IFP Advisors Inc now owns 2,564 shares of the company’s stock worth $72,000 after acquiring an additional 1,064 shares during the period. Kapitalo Investimentos Ltda bought a new position in Zurn Elkay Water Solutions during the fourth quarter worth about $76,000. Finally, Assetmark Inc. increased its position in Zurn Elkay Water Solutions by 32.9% during the fourth quarter. Assetmark Inc. now owns 2,898 shares of the company’s stock worth $85,000 after acquiring an additional 718 shares during the period. 83.33% of the stock is owned by institutional investors.

Zurn Elkay Water Solutions 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.