LVW Advisors LLC Raises Holdings in Zurn Elkay Water Solutions Co. (NYSE:ZWS)

LVW Advisors LLC boosted its stake in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS) by 11.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,023 shares of the company’s stock after acquiring an additional 2,390 shares during the quarter. LVW Advisors LLC’s holdings in Zurn Elkay Water Solutions were worth $827,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Tortoise Investment Management LLC lifted its holdings in Zurn Elkay Water Solutions by 76.7% in the 2nd quarter. Tortoise Investment Management LLC now owns 859 shares of the company’s stock worth $25,000 after buying an additional 373 shares during the period. Quarry LP lifted its holdings in Zurn Elkay Water Solutions by 178.7% in the 2nd quarter. Quarry LP now owns 836 shares of the company’s stock worth $25,000 after buying an additional 536 shares during the period. International Assets Investment Management LLC purchased a new stake in Zurn Elkay Water Solutions in the 2nd quarter worth approximately $29,000. Whittier Trust Co. of Nevada Inc. lifted its holdings in Zurn Elkay Water Solutions by 732.4% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,440 shares of the company’s stock worth $42,000 after buying an additional 1,267 shares during the period. Finally, EntryPoint Capital LLC lifted its holdings in Zurn Elkay Water Solutions by 649.1% in the 1st quarter. EntryPoint Capital LLC now owns 1,603 shares of the company’s stock worth $54,000 after buying an additional 1,389 shares during the period. 83.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Oppenheimer restated an “outperform” rating and issued a $37.00 target price on shares of Zurn Elkay Water Solutions in a research note on Thursday, September 12th. Deutsche Bank Aktiengesellschaft raised their target price on 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. Finally, Stifel Nicolaus raised their target price on 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. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Zurn Elkay Water Solutions has an average rating of “Moderate Buy” and a consensus price target of $36.40.

Insider Activity at Zurn Elkay Water Solutions

In other Zurn Elkay Water Solutions news, VP Sudhanshu Chhabra sold 52,851 shares of Zurn Elkay Water Solutions stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $32.55, for a total value of $1,720,300.05. Following the completion of the sale, the vice president now owns 80,151 shares of the company’s stock, valued at approximately $2,608,915.05. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Zurn Elkay Water Solutions news, Director Timothy J. Jahnke sold 15,600 shares of Zurn Elkay Water Solutions 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 sale, the director now owns 385,017 shares of the company’s stock, valued at approximately $12,717,111.51. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Sudhanshu Chhabra sold 52,851 shares of Zurn Elkay Water Solutions stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $32.55, for a total value of $1,720,300.05. Following the completion of the sale, the vice president now directly owns 80,151 shares of the company’s stock, valued at approximately $2,608,915.05. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 82,572 shares of company stock valued at $2,721,672 in the last 90 days. Corporate insiders own 3.80% of the company’s stock.

Zurn Elkay Water Solutions Stock Up 1.6 %

ZWS stock opened at $36.52 on Friday. Zurn Elkay Water Solutions Co. has a twelve month low of $25.09 and a twelve month high of $36.86. The company has a quick ratio of 1.75, a current ratio of 2.84 and a debt-to-equity ratio of 0.31. The firm has a market cap of $6.24 billion, a PE ratio of 46.82, a price-to-earnings-growth ratio of 1.95 and a beta of 1.14. The business has a 50 day moving average of $32.93 and a 200 day moving average of $31.88.

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

Zurn Elkay Water Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, August 20th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend was Tuesday, August 20th. Zurn Elkay Water Solutions’s dividend payout ratio (DPR) is presently 41.03%.

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.