Zurn Elkay Water Solutions Cor $ZWS Stake Raised by Fiera Capital Corp

Fiera Capital Corp increased its holdings in Zurn Elkay Water Solutions Cor (NYSE:ZWS) by 25.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 142,327 shares of the company’s stock after acquiring an additional 28,708 shares during the period. Fiera Capital Corp’s holdings in Zurn Elkay Water Solutions Cor were worth $6,617,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Fifth Third Bancorp lifted its stake in Zurn Elkay Water Solutions Cor by 49.7% in the 3rd quarter. Fifth Third Bancorp now owns 771 shares of the company’s stock worth $36,000 after acquiring an additional 256 shares in the last quarter. Osaic Holdings Inc. lifted its stake in Zurn Elkay Water Solutions Cor by 15.6% in the 2nd quarter. Osaic Holdings Inc. now owns 2,531 shares of the company’s stock worth $91,000 after acquiring an additional 341 shares in the last quarter. California State Teachers Retirement System lifted its stake in Zurn Elkay Water Solutions Cor by 0.3% in the 2nd quarter. California State Teachers Retirement System now owns 134,647 shares of the company’s stock worth $4,924,000 after acquiring an additional 353 shares in the last quarter. Thrive Wealth Management LLC lifted its stake in Zurn Elkay Water Solutions Cor by 4.4% in the 4th quarter. Thrive Wealth Management LLC now owns 9,094 shares of the company’s stock worth $423,000 after acquiring an additional 381 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its position in Zurn Elkay Water Solutions Cor by 1.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 34,025 shares of the company’s stock worth $1,582,000 after purchasing an additional 400 shares during the last quarter. 83.33% of the stock is owned by hedge funds and other institutional investors.

Zurn Elkay Water Solutions Cor Stock Performance

Shares of NYSE ZWS opened at $48.35 on Wednesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.11 and a current ratio of 3.24. The firm has a market cap of $8.07 billion, a price-to-earnings ratio of 39.00, a P/E/G ratio of 1.87 and a beta of 1.06. The business’s 50-day simple moving average is $48.41 and its 200-day simple moving average is $47.96. Zurn Elkay Water Solutions Cor has a 52 week low of $35.06 and a 52 week high of $53.76.

Zurn Elkay Water Solutions Cor (NYSE:ZWS) last issued its quarterly earnings data on Tuesday, April 21st. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.04. The business had revenue of $433.00 million for the quarter, compared to analyst estimates of $418.99 million. Zurn Elkay Water Solutions Cor had a return on equity of 17.40% and a net margin of 12.26%.The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.31 EPS. As a group, equities research analysts expect that Zurn Elkay Water Solutions Cor will post 1.75 earnings per share for the current fiscal year.

Zurn Elkay Water Solutions Cor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Wednesday, May 20th were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Wednesday, May 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 is currently 35.48%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Robert W. Baird dropped their target price on Zurn Elkay Water Solutions Cor from $56.00 to $53.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Stifel Nicolaus upped their target price on Zurn Elkay Water Solutions Cor from $53.00 to $59.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Weiss Ratings raised Zurn Elkay Water Solutions Cor from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, April 29th. Royal Bank Of Canada upped their target price on Zurn Elkay Water Solutions Cor from $49.00 to $56.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 23rd. Finally, UBS Group set a $56.00 target price on Zurn Elkay Water Solutions Cor in a research 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.88.

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.