Insider Selling: Zurn Elkay Water Solutions Co. (NYSE:ZWS) CEO Sells 129,604 Shares of Stock

Zurn Elkay Water Solutions Co. (NYSE:ZWSGet Free Report) CEO Todd A. Adams sold 129,604 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $33.06, for a total value of $4,284,708.24. Following the transaction, the chief executive officer now directly owns 1,828,550 shares in the company, valued at approximately $60,451,863. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Zurn Elkay Water Solutions Trading Up 0.4 %

Zurn Elkay Water Solutions stock traded up $0.14 during trading hours on Monday, reaching $32.35. 1,513,417 shares of the company’s stock were exchanged, compared to its average volume of 1,233,811. The company has a quick ratio of 1.77, a current ratio of 3.02 and a debt-to-equity ratio of 0.31. The firm’s 50 day simple moving average is $29.60 and its 200 day simple moving average is $28.85. Zurn Elkay Water Solutions Co. has a twelve month low of $19.29 and a twelve month high of $33.95. The firm has a market capitalization of $5.56 billion, a PE ratio of 49.77, a PEG ratio of 1.83 and a beta of 1.21.

Zurn Elkay Water Solutions (NYSE:ZWSGet Free Report) last released its quarterly earnings data on Monday, February 5th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.03. The company had revenue of $356.80 million for the quarter, compared to analysts’ expectations of $350.55 million. Zurn Elkay Water Solutions had a net margin of 7.36% and a return on equity of 10.75%. The business’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.16 EPS. Research analysts predict that Zurn Elkay Water Solutions Co. will post 1.12 earnings per share for the current year.

Zurn Elkay Water Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 7th. Stockholders of record on Tuesday, February 20th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, February 16th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.99%. Zurn Elkay Water Solutions’s dividend payout ratio (DPR) is presently 49.23%.

Hedge Funds Weigh In On Zurn Elkay Water Solutions

Several large investors have recently added to or reduced their stakes in ZWS. Massachusetts Financial Services Co. MA lifted its position in shares of Zurn Elkay Water Solutions by 1.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 20,109 shares of the company’s stock worth $591,000 after buying an additional 359 shares in the last quarter. IFP Advisors Inc lifted its position in shares of Zurn Elkay Water Solutions by 50.0% during the 2nd quarter. IFP Advisors Inc now owns 1,500 shares of the company’s stock worth $97,000 after buying an additional 500 shares in the last quarter. Gabelli Funds LLC lifted its position in shares of Zurn Elkay Water Solutions by 1.5% during the 4th quarter. Gabelli Funds LLC now owns 33,600 shares of the company’s stock worth $711,000 after buying an additional 500 shares in the last quarter. FMR LLC lifted its position in shares of Zurn Elkay Water Solutions by 7.3% during the 3rd quarter. FMR LLC now owns 8,153 shares of the company’s stock worth $228,000 after buying an additional 558 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC lifted its position in shares of Zurn Elkay Water Solutions by 3.5% during the 1st quarter. Moneta Group Investment Advisors LLC now owns 19,623 shares of the company’s stock worth $419,000 after buying an additional 660 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ZWS. Mizuho downgraded Zurn Elkay Water Solutions from a “buy” rating to a “neutral” rating and set a $34.00 target price on the stock. in a research report on Friday. Stifel Nicolaus downgraded Zurn Elkay Water Solutions from a “buy” rating to a “hold” rating and set a $31.00 target price on the stock. in a research report on Tuesday, December 19th. Finally, KeyCorp downgraded Zurn Elkay Water Solutions from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 13th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $31.14.

Read Our Latest Analysis on Zurn Elkay Water Solutions

About Zurn Elkay Water Solutions

(Get Free Report)

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, including interceptors, water control and backflow, fire protection, PEX pipings and tubings, valves, fittings, and installation tools under the Zurn and Wilkis brand names.

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Insider Buying and Selling by Quarter for Zurn Elkay Water Solutions (NYSE:ZWS)

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