Analysts Set Zurn Elkay Water Solutions Cor (NYSE:ZWS) Price Target at $36.29

Shares of Zurn Elkay Water Solutions Cor (NYSE:ZWS) have received a consensus rating of “Hold” from the seven ratings firms that are covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $36.29.

Several brokerages have recently weighed in on ZWS. Stifel Nicolaus increased their price objective on shares of Zurn Elkay Water Solutions Cor from $34.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday, April 24th. The Goldman Sachs Group dropped their target price on shares of Zurn Elkay Water Solutions Cor from $39.00 to $34.00 and set a “neutral” rating for the company in a research report on Wednesday, April 2nd. Mizuho set a $36.00 target price on shares of Zurn Elkay Water Solutions Cor in a research report on Friday, May 16th. BNP Paribas downgraded shares of Zurn Elkay Water Solutions Cor from an “outperform” rating to a “neutral” rating and set a $29.00 target price for the company. in a research report on Wednesday, April 9th. Finally, Robert W. Baird dropped their target price on shares of Zurn Elkay Water Solutions Cor from $42.00 to $39.00 and set a “neutral” rating for the company in a research report on Thursday, April 24th.

Zurn Elkay Water Solutions Cor Stock Performance

NYSE:ZWS opened at $35.55 on Monday. The company has a quick ratio of 1.72, a current ratio of 2.87 and a debt-to-equity ratio of 0.32. Zurn Elkay Water Solutions Cor has a fifty-two week low of $27.74 and a fifty-two week high of $41.15. The stock has a market cap of $5.98 billion, a PE ratio of 35.91, a price-to-earnings-growth ratio of 2.20 and a beta of 1.00. The firm’s fifty day simple moving average is $34.62 and its 200-day simple moving average is $35.67.

Zurn Elkay Water Solutions Cor (NYSE:ZWS) last released its earnings results on Tuesday, April 22nd. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. The company had revenue of $388.80 million for the quarter, compared to analyst estimates of $383.87 million. Zurn Elkay Water Solutions Cor had a net margin of 10.72% and a return on equity of 14.43%. During the same period in the prior year, the firm earned $0.29 EPS. Analysts expect that Zurn Elkay Water Solutions Cor will post 1.36 earnings per share for the current fiscal year.

Zurn Elkay Water Solutions Cor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Tuesday, May 20th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend was Tuesday, May 20th. Zurn Elkay Water Solutions Cor’s payout ratio is currently 36.36%.

Insider Transactions at Zurn Elkay Water Solutions Cor

In other Zurn Elkay Water Solutions Cor news, VP Sudhanshu Chhabra sold 25,921 shares of Zurn Elkay Water Solutions Cor stock in a transaction on Monday, May 12th. The shares were sold at an average price of $37.19, for a total value of $964,001.99. Following the completion of the transaction, the vice president now owns 94,132 shares of the company’s stock, valued at $3,500,769.08. The trade was a 21.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO David J. Pauli sold 2,706 shares of the business’s stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $37.11, for a total value of $100,419.66. Following the sale, the chief financial officer now owns 60,772 shares in the company, valued at approximately $2,255,248.92. The trade was a 4.26% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On Zurn Elkay Water Solutions Cor

A number of hedge funds have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC grew its position in Zurn Elkay Water Solutions Cor by 0.7% in the 4th quarter. Sanctuary Advisors LLC now owns 58,208 shares of the company’s stock worth $2,288,000 after purchasing an additional 389 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in Zurn Elkay Water Solutions Cor by 4.8% during the fourth quarter. Venturi Wealth Management LLC now owns 9,441 shares of the company’s stock worth $352,000 after buying an additional 430 shares in the last quarter. Peregrine Capital Management LLC boosted its stake in Zurn Elkay Water Solutions Cor by 1.8% during the fourth quarter. Peregrine Capital Management LLC now owns 296,230 shares of the company’s stock worth $11,049,000 after buying an additional 5,286 shares in the last quarter. World Equity Group Inc. acquired a new stake in Zurn Elkay Water Solutions Cor during the fourth quarter worth $272,000. Finally, Los Angeles Capital Management LLC boosted its stake in Zurn Elkay Water Solutions Cor by 29.2% during the fourth quarter. Los Angeles Capital Management LLC now owns 53,147 shares of the company’s stock worth $1,982,000 after buying an additional 12,010 shares in the last quarter. Institutional investors and hedge funds own 83.33% of the company’s stock.

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.