11,542 Shares in Zurn Elkay Water Solutions Cor $ZWS Acquired by XTX Topco Ltd

XTX Topco Ltd purchased a new stake in Zurn Elkay Water Solutions Cor (NYSE:ZWS) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 11,542 shares of the company’s stock, valued at approximately $422,000.

Other hedge funds have also recently bought and sold shares of the company. Royal Bank of Canada increased its position in shares of Zurn Elkay Water Solutions Cor by 1.5% during the 1st quarter. Royal Bank of Canada now owns 597,698 shares of the company’s stock worth $19,712,000 after purchasing an additional 8,822 shares in the last quarter. Intech Investment Management LLC boosted its position in Zurn Elkay Water Solutions Cor by 36.4% in the first quarter. Intech Investment Management LLC now owns 74,842 shares of the company’s stock valued at $2,468,000 after buying an additional 19,959 shares in the last quarter. Creative Planning grew its stake in Zurn Elkay Water Solutions Cor by 37.4% during the second quarter. Creative Planning now owns 57,771 shares of the company’s stock worth $2,113,000 after buying an additional 15,729 shares during the last quarter. Global Alpha Capital Management Ltd. increased its holdings in shares of Zurn Elkay Water Solutions Cor by 11.9% during the second quarter. Global Alpha Capital Management Ltd. now owns 109,342 shares of the company’s stock worth $3,999,000 after buying an additional 11,602 shares in the last quarter. Finally, Voya Investment Management LLC increased its holdings in shares of Zurn Elkay Water Solutions Cor by 39.8% during the first quarter. Voya Investment Management LLC now owns 105,039 shares of the company’s stock worth $3,464,000 after buying an additional 29,878 shares in the last quarter. 83.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on ZWS shares. Oppenheimer set a $53.00 target price on Zurn Elkay Water Solutions Cor and gave the stock an “outperform” rating in a report on Friday, October 31st. The Goldman Sachs Group reissued a “neutral” rating on shares of Zurn Elkay Water Solutions Cor in a research note on Thursday, October 30th. Weiss Ratings restated a “buy (b-)” rating on shares of Zurn Elkay Water Solutions Cor in a report on Wednesday, October 8th. Stifel Nicolaus lifted their price target 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. Finally, Mizuho set a $49.00 price target on shares of Zurn Elkay Water Solutions Cor in a research report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Zurn Elkay Water Solutions Cor has an average rating of “Moderate Buy” and a consensus target price of $42.83.

Insider Buying and Selling

In related news, Director Timothy J. Jahnke sold 7,461 shares of the company’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $47.50, for a total value of $354,397.50. Following the completion of the sale, the director owned 162,000 shares in the company, valued at approximately $7,695,000. This represents a 4.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last three months, insiders have sold 40,100 shares of company stock worth $1,911,084. 2.60% of the stock is currently owned by insiders.

Zurn Elkay Water Solutions Cor Price Performance

Zurn Elkay Water Solutions Cor stock opened at $46.84 on Friday. The business’s 50-day simple moving average is $46.86 and its 200 day simple moving average is $42.91. The company has a quick ratio of 1.83, a current ratio of 2.78 and a debt-to-equity ratio of 0.31. The stock has a market cap of $7.84 billion, a price-to-earnings ratio of 41.82, a P/E/G ratio of 2.22 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 $50.03.

Zurn Elkay Water Solutions Cor (NYSE:ZWS) last released its earnings results on Tuesday, October 28th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. The company had revenue of $455.40 million for the quarter, compared to the consensus estimate of $442.62 million. Zurn Elkay Water Solutions Cor had a net margin of 11.59% and a return on equity of 16.26%. The company’s revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.34 EPS. As a group, research analysts anticipate that Zurn Elkay Water Solutions Cor will post 1.36 earnings per share for the current year.

Zurn Elkay Water Solutions Cor Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Thursday, November 20th were paid a $0.11 dividend. The ex-dividend date of this dividend was Thursday, November 20th. This is a boost from Zurn Elkay Water Solutions Cor’s previous quarterly dividend of $0.09. This represents a $0.44 dividend on an annualized basis and a yield of 0.9%. Zurn Elkay Water Solutions Cor’s payout ratio is 39.29%.

Zurn Elkay Water Solutions Cor 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.