Zurn Elkay Water Solutions Co. (NYSE:ZWS) Major Shareholder Sells $2,904,000.00 in Stock

Zurn Elkay Water Solutions Co. (NYSE:ZWS) major shareholder Aimee Katz sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $29.04, for a total transaction of $2,904,000.00. Following the completion of the transaction, the insider now owns 23,574,164 shares in the company, valued at approximately $684,593,722.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Aimee Katz also recently made the following trade(s):

• On Monday, July 1st, Aimee Katz sold 8,240 shares of Zurn Elkay Water Solutions stock. The shares were sold at an average price of $29.14, for a total transaction of $240,113.60.

Zurn Elkay Water Solutions Trading Up 1.4 %

Shares of ZWS opened at $29.58 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.95 and a current ratio of 3.31. Zurn Elkay Water Solutions Co. has a one year low of $25.09 and a one year high of $34.58. The stock has a 50-day moving average price of $31.09 and a 200 day moving average price of $30.98. The company has a market capitalization of $5.11 billion, a P/E ratio of 41.66, a P/E/G ratio of 1.52 and a beta of 1.15.

Zurn Elkay Water Solutions (NYSE:ZWS) last released its earnings results on Tuesday, April 23rd. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.26 by $0.03. The company had revenue of $374.00 million during the quarter, compared to analysts’ expectations of $369.43 million. Zurn Elkay Water Solutions had a return on equity of 11.85% and a net margin of 8.11%. The business’s revenue was up .5% on a year-over-year basis. During the same period in the prior year, the business posted $0.18 EPS. Sell-side analysts forecast that Zurn Elkay Water Solutions Co. will post 1.18 EPS for the current fiscal year.

Zurn Elkay Water Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Monday, May 20th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, May 17th. This represents a $0.32 annualized dividend and a dividend yield of 1.08%. Zurn Elkay Water Solutions’s payout ratio is 45.07%.

Analyst Ratings Changes

ZWS has been the topic of several research reports. Oppenheimer raised their price objective on Zurn Elkay Water Solutions from $36.00 to $37.00 and gave the company an “outperform” rating in a research report on Friday, April 12th. BNP Paribas began coverage on Zurn Elkay Water Solutions in a report on Tuesday, March 12th. They set an “outperform” rating and a $40.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Zurn Elkay Water Solutions from $37.00 to $36.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Zurn Elkay Water Solutions presently has an average rating of “Hold” and an average price target of $33.50.

Institutional Trading of Zurn Elkay Water Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the company. Principal Securities Inc. bought a new position in Zurn Elkay Water Solutions during the 4th quarter worth approximately $34,000. Benjamin Edwards Inc. bought a new position in Zurn Elkay Water Solutions during the fourth quarter worth $42,000. EntryPoint Capital LLC boosted its holdings in Zurn Elkay Water Solutions by 649.1% in the first quarter. EntryPoint Capital LLC now owns 1,603 shares of the company’s stock worth $54,000 after purchasing an additional 1,389 shares during the period. Kapitalo Investimentos Ltda bought a new stake in Zurn Elkay Water Solutions during the fourth quarter valued at $76,000. Finally, Assetmark Inc. raised its holdings in shares of 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 purchasing an additional 718 shares during the period. 83.33% of the stock is owned by institutional investors.

About Zurn Elkay Water Solutions

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.