Zurn Elkay Water Solutions Co. (NYSE:ZWS) Given Consensus Rating of “Hold” by Analysts

Zurn Elkay Water Solutions Co. (NYSE:ZWS) has received a consensus recommendation of “Hold” from the seven brokerages that are presently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $35.17.

ZWS has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on Zurn Elkay Water Solutions from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Stifel Nicolaus increased their price objective on Zurn Elkay Water Solutions from $32.00 to $34.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. Finally, Oppenheimer restated an “outperform” rating and issued a $37.00 price target on shares of Zurn Elkay Water Solutions in a research note on Thursday, September 12th.

Zurn Elkay Water Solutions Price Performance

Shares of ZWS stock opened at $36.38 on Tuesday. The stock’s fifty day moving average is $32.47 and its 200-day moving average is $31.75. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.75 and a current ratio of 2.84. The stock has a market capitalization of $6.22 billion, a PE ratio of 51.24, a PEG ratio of 1.95 and a beta of 1.14. Zurn Elkay Water Solutions has a 52 week low of $25.09 and a 52 week high of $36.64.

Zurn Elkay Water Solutions (NYSE:ZWS) last released its earnings results on Tuesday, July 30th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $412.00 million for the quarter, compared to analyst estimates of $409.14 million. During the same quarter in the prior year, the firm posted $0.24 earnings per share. The company’s quarterly revenue was up 2.2% on a year-over-year basis. Equities research analysts expect that Zurn Elkay Water Solutions will post 1.21 EPS for the current fiscal year.

Zurn Elkay Water Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, August 20th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $0.32 annualized dividend and a yield of 0.88%. Zurn Elkay Water Solutions’s payout ratio is currently 45.07%.

Insider Buying and Selling at Zurn Elkay Water Solutions

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 transaction, the director now directly owns 385,017 shares of the company’s stock, valued at $12,717,111.51. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Zurn Elkay Water Solutions news, Director Timothy J. Jahnke sold 4,086 shares of the company’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $33.01, for a total value of $134,878.86. Following the sale, the director now owns 389,399 shares in the company, valued at approximately $12,854,060.99. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Timothy J. Jahnke sold 15,600 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were 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 $12,717,111.51. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 82,572 shares of company stock valued at $2,721,672 in the last three months. Corporate insiders own 3.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Jennison Associates LLC increased its holdings 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 worth $42,684,000 after purchasing an additional 518,733 shares in the last quarter. Stifel Financial Corp lifted its position in shares of Zurn Elkay Water Solutions by 3,236.0% during the fourth quarter. Stifel Financial Corp now owns 506,269 shares of the company’s stock worth $14,889,000 after acquiring an additional 491,093 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Zurn Elkay Water Solutions by 37.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,695,510 shares of the company’s stock worth $49,846,000 after buying an additional 465,701 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Zurn Elkay Water Solutions by 24.1% during the second quarter. Principal Financial Group Inc. now owns 1,751,205 shares of the company’s stock worth $51,485,000 after purchasing an additional 339,892 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its stake in Zurn Elkay Water Solutions by 2.1% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 13,138,996 shares of the company’s stock worth $386,286,000 after purchasing an additional 265,857 shares during the last quarter. 83.33% of the stock is 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.