Yousif Capital Management LLC Acquires 354 Shares of Zurn Elkay Water Solutions Cor $ZWS

Yousif Capital Management LLC boosted its holdings in Zurn Elkay Water Solutions Cor (NYSE:ZWS) by 0.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 53,654 shares of the company’s stock after acquiring an additional 354 shares during the period. Yousif Capital Management LLC’s holdings in Zurn Elkay Water Solutions Cor were worth $1,962,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in ZWS. Zimmer Partners LP bought a new stake in Zurn Elkay Water Solutions Cor in the 1st quarter valued at $50,344,000. Ameriprise Financial Inc. grew its holdings in Zurn Elkay Water Solutions Cor by 74.1% in the 1st quarter. Ameriprise Financial Inc. now owns 1,715,496 shares of the company’s stock valued at $56,577,000 after buying an additional 729,920 shares in the last quarter. Nuveen LLC acquired a new position in Zurn Elkay Water Solutions Cor in the 1st quarter valued at $21,273,000. Vanguard Group Inc. grew its holdings in Zurn Elkay Water Solutions Cor by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 15,860,934 shares of the company’s stock valued at $523,094,000 after buying an additional 371,635 shares in the last quarter. Finally, Woodline Partners LP acquired a new position in Zurn Elkay Water Solutions Cor in the 1st quarter valued at $4,632,000. Institutional investors own 83.33% of the company’s stock.

Analyst Ratings Changes

ZWS has been the topic of a number of research reports. Oppenheimer upped their price objective on Zurn Elkay Water Solutions Cor from $48.00 to $52.00 and gave the company an “outperform” rating in a report on Wednesday, September 17th. Zacks Research lowered Zurn Elkay Water Solutions Cor from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Zurn Elkay Water Solutions Cor in a report on Wednesday, October 8th. Finally, Stifel Nicolaus upped their price objective on Zurn Elkay Water Solutions Cor from $50.00 to $53.00 and gave the company a “buy” rating in a report on Friday, September 12th. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Zurn Elkay Water Solutions Cor currently has an average rating of “Hold” and a consensus price target of $40.50.

Zurn Elkay Water Solutions Cor Stock Performance

ZWS opened at $45.76 on Friday. The firm has a market cap of $7.67 billion, a P/E ratio of 45.31, a price-to-earnings-growth ratio of 2.45 and a beta of 1.09. Zurn Elkay Water Solutions Cor has a 52-week low of $27.74 and a 52-week high of $48.42. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.72 and a current ratio of 2.71. The business’s fifty day moving average is $46.20 and its 200-day moving average is $39.43.

Zurn Elkay Water Solutions Cor (NYSE:ZWS) last released its earnings results on Tuesday, July 29th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.06. The company had revenue of $444.50 million for the quarter, compared to analyst estimates of $424.55 million. Zurn Elkay Water Solutions Cor had a return on equity of 15.23% and a net margin of 10.78%.Zurn Elkay Water Solutions Cor’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.33 EPS. Sell-side analysts expect that Zurn Elkay Water Solutions Cor will post 1.36 EPS for the current fiscal year.

Zurn Elkay Water Solutions Cor Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Wednesday, August 20th were paid a $0.09 dividend. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $0.36 annualized dividend and a yield of 0.8%. Zurn Elkay Water Solutions Cor’s dividend payout ratio (DPR) is 35.64%.

Insider Activity

In related news, Director Timothy J. Jahnke sold 2,156 shares of the firm’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $47.54, for a total value of $102,496.24. Following the sale, the director directly owned 308,964 shares of the company’s stock, valued at $14,688,148.56. This trade represents a 0.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Sudhanshu Chhabra sold 108,930 shares of the firm’s stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $43.61, for a total value of $4,750,437.30. Following the completion of the sale, the vice president directly owned 94,330 shares in the company, valued at $4,113,731.30. This trade represents a 53.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 168,930 shares of company stock worth $7,452,507 over the last ninety days. 2.60% of the stock is currently owned by insiders.

Zurn Elkay Water Solutions Cor 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.