Williamson Legacy Group LLC Sells 17,548 Shares of Zurn Elkay Water Solutions Cor $ZWS

Williamson Legacy Group LLC decreased its position in Zurn Elkay Water Solutions Cor (NYSE:ZWS) by 75.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 5,614 shares of the company’s stock after selling 17,548 shares during the quarter. Williamson Legacy Group LLC’s holdings in Zurn Elkay Water Solutions Cor were worth $261,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Invesco Ltd. raised its holdings in Zurn Elkay Water Solutions Cor by 3.5% in the third quarter. Invesco Ltd. now owns 5,944,518 shares of the company’s stock worth $279,571,000 after purchasing an additional 201,299 shares in the last quarter. State Street Corp increased its holdings in shares of Zurn Elkay Water Solutions Cor by 0.6% during the second quarter. State Street Corp now owns 5,381,619 shares of the company’s stock valued at $196,806,000 after acquiring an additional 30,483 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of Zurn Elkay Water Solutions Cor by 1,714.8% during the third quarter. Alliancebernstein L.P. now owns 3,369,731 shares of the company’s stock valued at $158,478,000 after acquiring an additional 3,184,048 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Zurn Elkay Water Solutions Cor by 1.3% during the third quarter. Dimensional Fund Advisors LP now owns 2,562,543 shares of the company’s stock valued at $120,515,000 after acquiring an additional 32,381 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Zurn Elkay Water Solutions Cor by 3.4% during the second quarter. Ameriprise Financial Inc. now owns 1,774,432 shares of the company’s stock valued at $64,891,000 after acquiring an additional 58,936 shares in the last quarter. Institutional investors own 83.33% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ZWS shares. The Goldman Sachs Group restated a “neutral” rating and set a $50.00 price target on shares of Zurn Elkay Water Solutions Cor in a report on Thursday, February 5th. Stifel Nicolaus raised their price target on Zurn Elkay Water Solutions Cor from $53.00 to $59.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Oppenheimer restated an “outperform” rating and set a $58.00 price target on shares of Zurn Elkay Water Solutions Cor in a report on Thursday, April 23rd. Weiss Ratings upgraded Zurn Elkay Water Solutions Cor from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. Finally, UBS Group set a $56.00 price target on Zurn Elkay Water Solutions Cor in a report on Thursday, April 23rd. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $54.88.

Zurn Elkay Water Solutions Cor Price Performance

NYSE ZWS opened at $48.80 on Wednesday. Zurn Elkay Water Solutions Cor has a 52 week low of $35.06 and a 52 week high of $53.76. The firm has a market capitalization of $8.14 billion, a P/E ratio of 39.35, a PEG ratio of 1.90 and a beta of 1.11. 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 company has a 50-day moving average price of $47.89 and a 200-day moving average price of $47.90.

Zurn Elkay Water Solutions Cor (NYSE:ZWS) last posted its quarterly earnings data on Tuesday, April 21st. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.04. Zurn Elkay Water Solutions Cor had a return on equity of 17.40% and a net margin of 12.26%.The firm had revenue of $433.00 million for the quarter, compared to analysts’ expectations of $418.99 million. During the same period in the previous year, the firm earned $0.31 EPS. The business’s quarterly revenue was up 11.4% on a year-over-year basis. Equities research analysts anticipate 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Wednesday, May 20th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, May 20th. Zurn Elkay Water Solutions Cor’s payout ratio 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.