Future Fund LLC Purchases 11,497 Shares of Zurn Elkay Water Solutions Cor $ZWS

Future Fund LLC raised its position in Zurn Elkay Water Solutions Cor (NYSE:ZWS) by 43.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 38,071 shares of the company’s stock after buying an additional 11,497 shares during the period. Future Fund LLC’s holdings in Zurn Elkay Water Solutions Cor were worth $1,770,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of ZWS. Empowered Funds LLC bought a new position in Zurn Elkay Water Solutions Cor in the 1st quarter valued at $277,000. Woodline Partners LP bought a new position in Zurn Elkay Water Solutions Cor in the 1st quarter valued at $4,632,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Zurn Elkay Water Solutions Cor by 5.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 488,985 shares of the company’s stock valued at $16,127,000 after buying an additional 24,348 shares during the last quarter. American Century Companies Inc. boosted its position in Zurn Elkay Water Solutions Cor by 3.8% in the 2nd quarter. American Century Companies Inc. now owns 48,161 shares of the company’s stock valued at $1,761,000 after buying an additional 1,768 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position in Zurn Elkay Water Solutions Cor by 4.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 18,042 shares of the company’s stock valued at $660,000 after buying an additional 718 shares during the last quarter. 83.33% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ZWS has been the topic of several recent research reports. UBS Group set a $56.00 price target on Zurn Elkay Water Solutions Cor in a research report on Thursday, April 23rd. Royal Bank Of Canada raised their price target on Zurn Elkay Water Solutions Cor from $49.00 to $56.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 23rd. The Goldman Sachs Group restated a “neutral” rating and issued a $50.00 price target on shares of Zurn Elkay Water Solutions Cor in a research report on Thursday, February 5th. Robert W. Baird reduced their price target on Zurn Elkay Water Solutions Cor from $56.00 to $53.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Finally, Weiss Ratings upgraded Zurn Elkay Water Solutions Cor from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, April 29th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Zurn Elkay Water Solutions Cor has an average rating of “Moderate Buy” and an average price target of $54.88.

Zurn Elkay Water Solutions Cor Stock Up 0.0%

NYSE:ZWS opened at $47.01 on Friday. Zurn Elkay Water Solutions Cor has a 12-month low of $35.06 and a 12-month high of $53.76. The company has a quick ratio of 2.11, a current ratio of 3.24 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $7.85 billion, a P/E ratio of 37.91, a P/E/G ratio of 1.86 and a beta of 1.11. The stock’s fifty day simple moving average is $48.05 and its 200-day simple moving average is $47.90.

Zurn Elkay Water Solutions Cor (NYSE:ZWS) last issued its quarterly earnings data on Tuesday, April 21st. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.37 by $0.04. The business had revenue of $433.00 million for the quarter, compared to the consensus estimate of $418.99 million. Zurn Elkay Water Solutions Cor had a return on equity of 17.40% and a net margin of 12.26%.The firm’s revenue was up 11.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.31 EPS. Equities research analysts expect that Zurn Elkay Water Solutions Cor will post 1.75 earnings per share for the current year.

Zurn Elkay Water Solutions Cor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Wednesday, May 20th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, May 20th. Zurn Elkay Water Solutions Cor’s dividend payout ratio (DPR) is presently 35.48%.

Zurn Elkay Water Solutions Cor Company Profile

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.