Zurn Elkay Water Solutions Cor (NYSE:ZWS) VP Sells $48,841.98 in Stock

Zurn Elkay Water Solutions Cor (NYSE:ZWS) VP Jeffrey Lavalle sold 946 shares of the stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $51.63, for a total value of $48,841.98. Following the sale, the vice president directly owned 51,868 shares in the company, valued at $2,677,944.84. This trade represents a 1.79% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Zurn Elkay Water Solutions Cor Price Performance

Shares of NYSE:ZWS opened at $51.29 on Monday. The stock has a market cap of $8.55 billion, a P/E ratio of 44.60, a P/E/G ratio of 2.13 and a beta of 1.08. Zurn Elkay Water Solutions Cor has a 12 month low of $27.74 and a 12 month high of $53.17. The company has a 50 day moving average of $47.69 and a 200 day moving average of $46.82. The company has a current ratio of 3.13, a quick ratio of 2.07 and a debt-to-equity ratio of 0.31.

Zurn Elkay Water Solutions Cor (NYSE:ZWS) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.02. Zurn Elkay Water Solutions Cor had a return on equity of 16.54% and a net margin of 11.68%.The company had revenue of $407.20 million during the quarter, compared to analyst estimates of $400.75 million. During the same quarter last year, the company earned $0.32 earnings per share. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. As a group, sell-side analysts forecast that Zurn Elkay Water Solutions Cor will post 1.36 EPS for the current fiscal year.

Zurn Elkay Water Solutions Cor Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Shareholders of record on Friday, February 20th will be given a dividend of $0.11 per share. The ex-dividend date is Friday, February 20th. This represents a $0.44 dividend on an annualized basis and a yield of 0.9%. Zurn Elkay Water Solutions Cor’s dividend payout ratio (DPR) is presently 38.26%.

Analyst Ratings Changes

A number of research firms have recently weighed in on ZWS. Oppenheimer increased their price objective on Zurn Elkay Water Solutions Cor from $53.00 to $57.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. The Goldman Sachs Group restated a “neutral” rating and set a $50.00 price target on shares of Zurn Elkay Water Solutions Cor in a report on Thursday, February 5th. Weiss Ratings reissued a “buy (b-)” rating on shares of Zurn Elkay Water Solutions Cor in a report on Monday, December 29th. Stifel Nicolaus set a $59.00 target price on shares of Zurn Elkay Water Solutions Cor in a research report on Thursday, February 5th. Finally, Robert W. Baird set a $56.00 price objective on shares of Zurn Elkay Water Solutions Cor in a research note on Thursday, February 5th. Four investment analysts have rated the stock with a Buy rating and five have assigned 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 target price of $51.63.

Institutional Trading of Zurn Elkay Water Solutions Cor

Institutional investors and hedge funds have recently bought and sold shares of the stock. Creative Planning increased its stake in shares of Zurn Elkay Water Solutions Cor by 37.4% during the second quarter. Creative Planning now owns 57,771 shares of the company’s stock valued at $2,113,000 after buying an additional 15,729 shares during the period. Global Alpha Capital Management Ltd. raised its position in shares of Zurn Elkay Water Solutions Cor by 11.9% in the 2nd quarter. Global Alpha Capital Management Ltd. now owns 109,342 shares of the company’s stock valued at $3,999,000 after purchasing an additional 11,602 shares during the last quarter. Keybank National Association OH purchased a new stake in Zurn Elkay Water Solutions Cor during the 2nd quarter worth approximately $222,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Zurn Elkay Water Solutions Cor in the 2nd quarter worth $380,000. Finally, Carret Asset Management LLC acquired a new stake in shares of Zurn Elkay Water Solutions Cor during the second quarter worth about $201,000. 83.33% of the stock is currently owned by institutional investors.

About Zurn Elkay Water Solutions Cor

Zurn Elkay Water Solutions Corp, trading on the NYSE under the ticker ZWS, is a global provider of water delivery and plumbing products. The company was established in October 2022 through a spin-off from Rexnord Corp, creating a standalone business focused on designing, manufacturing and marketing water system components for residential, commercial and industrial customers.

Through its Zurn segment, the company offers solutions for water delivery, drainage and waste evacuation. Product lines include valves, hydrants, backflow prevention devices, piping systems, fittings and commercial waste stations.