Analysts Set Zurn Elkay Water Solutions Co. (NYSE:ZWS) Price Target at $35.17

Zurn Elkay Water Solutions Co. (NYSE:ZWS) has earned a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $35.17.

ZWS has been the subject of several recent research reports. Oppenheimer reissued an “outperform” rating and issued a $37.00 price target on shares of Zurn Elkay Water Solutions in a research report on Thursday. Stifel Nicolaus increased their price target on shares of Zurn Elkay Water Solutions from $32.00 to $34.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Zurn Elkay Water Solutions from $35.00 to $37.00 and gave the company a “buy” rating in a research note on Thursday, August 1st.

Zurn Elkay Water Solutions Stock Up 1.2 %

ZWS stock opened at $32.48 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.84 and a quick ratio of 1.75. Zurn Elkay Water Solutions has a 52-week low of $25.09 and a 52-week high of $34.58. The company has a 50-day moving average of $31.10 and a two-hundred day moving average of $31.38. The stock has a market capitalization of $5.55 billion, a price-to-earnings ratio of 45.75, a price-to-earnings-growth ratio of 1.60 and a beta of 1.14.

Zurn Elkay Water Solutions (NYSE:ZWS) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. The business had revenue of $412.00 million during the quarter, compared to analyst estimates of $409.14 million. Zurn Elkay Water Solutions had a net margin of 8.80% and a return on equity of 12.82%. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.24 earnings per share. As a group, equities research analysts anticipate that Zurn Elkay Water Solutions will post 1.21 EPS for the current year.

Zurn Elkay Water Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, August 20th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend was Tuesday, August 20th. Zurn Elkay Water Solutions’s payout ratio is presently 45.07%.

Insiders Place Their Bets

In other news, Director Timothy J. Jahnke sold 15,600 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $33.03, for a total value of $515,268.00. Following the completion of the transaction, the director now directly owns 385,017 shares in the company, valued at approximately $12,717,111.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Timothy J. Jahnke sold 15,600 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $33.03, for a total value of $515,268.00. Following the completion of the transaction, the director now directly owns 385,017 shares in the company, valued at approximately $12,717,111.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Timothy J. Jahnke sold 4,086 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $33.01, for a total value of $134,878.86. Following the transaction, the director now directly owns 389,399 shares of the company’s stock, valued at $12,854,060.99. The disclosure for this sale can be found here. Insiders sold 164,864 shares of company stock worth $4,918,653 over the last three months. Insiders own 3.80% of the company’s stock.

Institutional Trading of Zurn Elkay Water Solutions

A number of large investors have recently bought and sold shares of the business. Wells Fargo & Company MN grew its stake in shares of Zurn Elkay Water Solutions by 2,110.7% in the 4th quarter. Wells Fargo & Company MN now owns 2,311,046 shares of the company’s stock valued at $67,968,000 after buying an additional 2,206,508 shares during the period. Norges Bank acquired a new position in Zurn Elkay Water Solutions during the 4th quarter valued at about $39,532,000. Jennison Associates LLC boosted its stake in Zurn Elkay Water Solutions by 68.6% during the 1st quarter. Jennison Associates LLC now owns 1,275,293 shares of the company’s stock valued at $42,684,000 after purchasing an additional 518,733 shares during the last quarter. Stifel Financial Corp boosted its stake in Zurn Elkay Water Solutions by 3,236.0% during the 4th quarter. Stifel Financial Corp now owns 506,269 shares of the company’s stock valued at $14,889,000 after purchasing an additional 491,093 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Zurn Elkay Water Solutions by 37.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,695,510 shares of the company’s stock valued at $49,846,000 after purchasing an additional 465,701 shares during the last quarter. 83.33% of the stock is currently owned by institutional investors and hedge funds.

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.