Timothy J. Jahnke Sells 30,000 Shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS) Stock

Zurn Elkay Water Solutions Co. (NYSE:ZWSGet Free Report) Director Timothy J. Jahnke sold 30,000 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $33.09, for a total value of $992,700.00. Following the transaction, the director now directly owns 589,275 shares of the company’s stock, valued at $19,499,109.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Zurn Elkay Water Solutions Stock Performance

NYSE:ZWS traded up $0.14 on Monday, hitting $32.35. The company’s stock had a trading volume of 1,513,417 shares, compared to its average volume of 1,233,811. The company has a current ratio of 3.02, a quick ratio of 1.77 and a debt-to-equity ratio of 0.31. The stock has a fifty day moving average of $29.60 and a two-hundred day moving average of $28.85. The firm has a market capitalization of $5.56 billion, a P/E ratio of 49.77, a price-to-earnings-growth ratio of 1.83 and a beta of 1.21. Zurn Elkay Water Solutions Co. has a one year low of $19.29 and a one year high of $33.95.

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, beating the consensus estimate of $0.23 by $0.03. The firm had revenue of $356.80 million for the quarter, compared to analyst estimates of $350.55 million. Zurn Elkay Water Solutions had a return on equity of 10.75% and a net margin of 7.36%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.16 earnings per share. Research analysts predict that Zurn Elkay Water Solutions Co. will post 1.12 earnings per share for the current year.

Zurn Elkay Water Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 7th. Shareholders of record on Tuesday, February 20th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, February 16th. This represents a $0.32 annualized dividend and a yield of 0.99%. Zurn Elkay Water Solutions’s dividend payout ratio is 49.23%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. KeyCorp cut Zurn Elkay Water Solutions from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 13th. Stifel Nicolaus lowered Zurn Elkay Water Solutions from a “buy” rating to a “hold” rating and set a $31.00 target price on the stock. in a report on Tuesday, December 19th. Finally, Mizuho lowered Zurn Elkay Water Solutions from a “buy” rating to a “neutral” rating and set a $34.00 target price on the stock. in a report on Friday. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Zurn Elkay Water Solutions has a consensus rating of “Hold” and a consensus target price of $31.14.

Read Our Latest Report on Zurn Elkay Water Solutions

Institutional Trading of Zurn Elkay Water Solutions

Several institutional investors and hedge funds have recently bought and sold shares of ZWS. Principal Securities Inc. bought a new position in shares of Zurn Elkay Water Solutions during the fourth quarter worth approximately $34,000. Rockefeller Capital Management L.P. increased its stake in shares of Zurn Elkay Water Solutions by 1,087.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,354 shares of the company’s stock worth $28,000 after purchasing an additional 1,240 shares during the period. Benjamin Edwards Inc. bought a new position in shares of Zurn Elkay Water Solutions during the fourth quarter worth approximately $42,000. IFP Advisors Inc increased its stake in shares of Zurn Elkay Water Solutions by 50.0% during the second quarter. IFP Advisors Inc now owns 1,500 shares of the company’s stock worth $97,000 after purchasing an additional 500 shares during the period. Finally, Point72 Hong Kong Ltd bought a new position in shares of Zurn Elkay Water Solutions during the first quarter worth approximately $64,000. Institutional investors own 82.45% of the company’s stock.

Zurn Elkay Water Solutions Company Profile

(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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