Zurn Elkay Water Solutions Cor (NYSE:ZWS) VP Sells $102,767.85 in Stock

Zurn Elkay Water Solutions Cor (NYSE:ZWS) VP Sudhanshu Chhabra sold 2,021 shares of the stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $50.85, for a total transaction of $102,767.85. Following the completion of the transaction, the vice president directly owned 69,556 shares in the company, valued at approximately $3,536,922.60. This represents a 2.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Zurn Elkay Water Solutions Cor Stock Performance

Shares of Zurn Elkay Water Solutions Cor stock traded down $0.32 on Thursday, hitting $50.89. The stock had a trading volume of 513,422 shares, compared to its average volume of 1,120,916. The company has a quick ratio of 2.07, a current ratio of 3.13 and a debt-to-equity ratio of 0.31. The stock has a market cap of $8.49 billion, a price-to-earnings ratio of 44.25, a price-to-earnings-growth ratio of 2.12 and a beta of 1.08. The business’s 50 day moving average is $47.98 and its two-hundred day moving average is $46.94. Zurn Elkay Water Solutions Cor has a twelve month low of $27.74 and a twelve month high of $53.17.

Zurn Elkay Water Solutions Cor (NYSE:ZWS) last announced its earnings results 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. The company had revenue of $407.20 million during the quarter, compared to analysts’ expectations of $400.75 million. Zurn Elkay Water Solutions Cor had a net margin of 11.68% and a return on equity of 16.54%. Zurn Elkay Water Solutions Cor’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.32 earnings per share. Analysts forecast that Zurn Elkay Water Solutions Cor will post 1.36 EPS for the current year.

Zurn Elkay Water Solutions Cor Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Friday, February 20th will be given a $0.11 dividend. The ex-dividend date is Friday, February 20th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.9%. Zurn Elkay Water Solutions Cor’s dividend payout ratio (DPR) is presently 38.26%.

Analyst Upgrades and Downgrades

ZWS has been the topic of a number of research analyst reports. Robert W. Baird set a $56.00 target price on Zurn Elkay Water Solutions Cor in a report on Thursday, February 5th. Mizuho set a $49.00 price target on shares of Zurn Elkay Water Solutions Cor in a report on Thursday, October 30th. Oppenheimer lifted their target price on Zurn Elkay Water Solutions Cor from $53.00 to $57.00 and gave the stock an “outperform” rating in a report on Friday, February 6th. Zacks Research cut Zurn Elkay Water Solutions Cor from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Zurn Elkay Water Solutions Cor in a research note on Monday, December 29th. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Zurn Elkay Water Solutions Cor has an average rating of “Hold” and a consensus price target of $51.63.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ZWS. Creative Planning boosted its holdings in Zurn Elkay Water Solutions Cor by 37.4% in the 2nd quarter. Creative Planning now owns 57,771 shares of the company’s stock worth $2,113,000 after buying an additional 15,729 shares during the period. Global Alpha Capital Management Ltd. raised its holdings in shares of Zurn Elkay Water Solutions Cor by 11.9% in the 2nd quarter. Global Alpha Capital Management Ltd. now owns 109,342 shares of the company’s stock valued at $3,999,000 after acquiring an additional 11,602 shares in the last quarter. Keybank National Association OH bought a new stake in shares of Zurn Elkay Water Solutions Cor during the 2nd quarter valued at about $222,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Zurn Elkay Water Solutions Cor during the second quarter worth about $380,000. Finally, Carret Asset Management LLC bought a new position in shares of Zurn Elkay Water Solutions Cor in the second quarter worth approximately $201,000. Institutional investors own 83.33% of the company’s stock.

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.