Zurn Elkay Water Solutions Cor (NYSE:ZWS) CFO Sells $41,907.32 in Stock

Zurn Elkay Water Solutions Cor (NYSE:ZWS) CFO David Pauli sold 812 shares of Zurn Elkay Water Solutions Cor stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $51.61, for a total transaction of $41,907.32. Following the transaction, the chief financial officer directly owned 65,995 shares of the company’s stock, valued at $3,406,001.95. This represents a 1.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Zurn Elkay Water Solutions Cor Stock Performance

Shares of ZWS opened at $51.29 on Monday. The company has a current ratio of 3.13, a quick ratio of 2.07 and a debt-to-equity ratio of 0.31. The firm’s fifty day simple moving average is $47.69 and its two-hundred day simple moving average is $46.82. Zurn Elkay Water Solutions Cor has a 12 month low of $27.74 and a 12 month high of $53.17. The stock has a market capitalization of $8.55 billion, a P/E ratio of 44.60, a price-to-earnings-growth ratio of 2.13 and a beta of 1.08.

Zurn Elkay Water Solutions Cor (NYSE:ZWS) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.02. Zurn Elkay Water Solutions Cor had a return on equity of 16.54% and a net margin of 11.68%.The company had revenue of $407.20 million for the quarter, compared to the consensus estimate of $400.75 million. During the same period in the previous year, the business earned $0.32 EPS. The firm’s revenue was up 9.8% compared to the same quarter last year. As a group, analysts predict that Zurn Elkay Water Solutions Cor will post 1.36 EPS for the current year.

Zurn Elkay Water Solutions Cor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Shareholders of record on Friday, February 20th will be issued 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 is Friday, February 20th. Zurn Elkay Water Solutions Cor’s dividend payout ratio is presently 38.26%.

Wall Street Analyst Weigh In

ZWS has been the topic of several research analyst reports. Zacks Research lowered shares of Zurn Elkay Water Solutions Cor from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Mizuho set a $49.00 price objective on shares of Zurn Elkay Water Solutions Cor in a research report on Thursday, October 30th. The Goldman Sachs Group restated a “neutral” rating and issued a $50.00 target price on shares of Zurn Elkay Water Solutions Cor in a research note on Thursday, February 5th. Jefferies Financial Group started coverage on Zurn Elkay Water Solutions Cor in a research note on Friday, December 12th. They set a “buy” rating and a $58.00 price target on the stock. Finally, Stifel Nicolaus set a $59.00 price target on Zurn Elkay Water Solutions Cor in a report on Thursday, February 5th. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Zurn Elkay Water Solutions Cor presently has an average rating of “Hold” and a consensus target price of $51.63.

Institutional Investors Weigh In On Zurn Elkay Water Solutions Cor

Several institutional investors have recently bought and sold shares of ZWS. Invesco Ltd. lifted its stake in Zurn Elkay Water Solutions Cor by 3.5% during the 3rd quarter. Invesco Ltd. now owns 5,944,518 shares of the company’s stock valued at $279,571,000 after acquiring an additional 201,299 shares in the last quarter. State Street Corp increased its position 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 during the last quarter. Impax Asset Management Group plc boosted its position in Zurn Elkay Water Solutions Cor by 22.8% in the second quarter. Impax Asset Management Group plc now owns 4,933,224 shares of the company’s stock worth $180,408,000 after purchasing an additional 916,850 shares during the last quarter. Beck Mack & Oliver LLC increased its position in shares of Zurn Elkay Water Solutions Cor by 3.7% during the 2nd quarter. Beck Mack & Oliver LLC now owns 3,706,347 shares of the company’s stock valued at $135,541,000 after purchasing an additional 133,478 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Zurn Elkay Water Solutions Cor by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 3,542,464 shares of the company’s stock worth $164,716,000 after purchasing an additional 15,232 shares during the period. Institutional investors own 83.33% of the company’s stock.

About Zurn Elkay Water Solutions Cor

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.