Zurn Elkay Water Solutions Co. (NYSE:ZWS) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS) have been assigned a consensus recommendation of “Hold” from the eight analysts that are covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $33.50.

ZWS has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Zurn Elkay Water Solutions from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. BNP Paribas initiated coverage on Zurn Elkay Water Solutions in a research report on Tuesday, March 12th. They set an “outperform” rating and a $40.00 target price for the company. Mizuho lowered Zurn Elkay Water Solutions from a “buy” rating to a “neutral” rating and set a $34.00 price target on the stock. in a research report on Friday, February 9th. Finally, Oppenheimer lifted their price objective on Zurn Elkay Water Solutions from $36.00 to $37.00 and gave the stock an “outperform” rating in a research note on Friday, April 12th.

Zurn Elkay Water Solutions Stock Down 0.6 %

Shares of NYSE:ZWS opened at $32.11 on Friday. The company has a market capitalization of $5.54 billion, a PE ratio of 45.22, a price-to-earnings-growth ratio of 1.65 and a beta of 1.21. Zurn Elkay Water Solutions has a 52-week low of $20.70 and a 52-week high of $34.58. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.95 and a current ratio of 3.31. The company has a fifty day moving average of $32.01 and a 200-day moving average of $30.34.

Zurn Elkay Water Solutions (NYSE:ZWS) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.03. The firm had revenue of $374.00 million for the quarter, compared to analyst estimates of $369.43 million. Zurn Elkay Water Solutions had a return on equity of 11.85% and a net margin of 8.11%. The business’s revenue for the quarter was up .5% on a year-over-year basis. During the same period last year, the firm posted $0.18 earnings per share. On average, equities analysts predict that Zurn Elkay Water Solutions will post 1.18 EPS for the current fiscal year.

Zurn Elkay Water Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Monday, May 20th will be issued a $0.08 dividend. The ex-dividend date is Friday, May 17th. This represents a $0.32 dividend on an annualized basis and a yield of 1.00%. Zurn Elkay Water Solutions’s payout ratio is currently 45.07%.

Insiders Place Their Bets

In other news, Director Thomas Christopoul sold 10,495 shares of Zurn Elkay Water Solutions stock in a transaction on Monday, May 6th. The shares were sold at an average price of $32.11, for a total value of $336,994.45. Following the completion of the sale, the director now owns 104,844 shares in the company, valued at approximately $3,366,540.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Zurn Elkay Water Solutions news, VP Sudhanshu Chhabra sold 4,231 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $31.29, for a total value of $132,387.99. Following the completion of the sale, the vice president now owns 80,594 shares of the company’s stock, valued at $2,521,786.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas Christopoul sold 10,495 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $32.11, for a total value of $336,994.45. Following the sale, the director now owns 104,844 shares of the company’s stock, valued at approximately $3,366,540.84. The disclosure for this sale can be found here. In the last three months, insiders have sold 522,397 shares of company stock worth $16,722,922. Corporate insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Zurn Elkay Water Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Massachusetts Financial Services Co. MA raised its holdings in shares of Zurn Elkay Water Solutions by 1.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 20,109 shares of the company’s stock valued at $591,000 after purchasing an additional 359 shares during the last quarter. Assetmark Inc. boosted its stake in shares of Zurn Elkay Water Solutions by 32.9% in the 4th quarter. Assetmark Inc. now owns 2,898 shares of the company’s stock worth $85,000 after buying an additional 718 shares during the last quarter. Fiera Capital Corp grew its holdings in shares of Zurn Elkay Water Solutions by 0.7% in the third quarter. Fiera Capital Corp now owns 119,908 shares of the company’s stock valued at $3,360,000 after acquiring an additional 781 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Zurn Elkay Water Solutions by 1.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 79,339 shares of the company’s stock valued at $2,223,000 after acquiring an additional 982 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in Zurn Elkay Water Solutions by 16.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 6,900 shares of the company’s stock worth $203,000 after acquiring an additional 1,000 shares during the period. 83.33% of the stock is owned by institutional investors.

Zurn Elkay Water Solutions Company Profile

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, such as backflow preventers, fire system valves, pressure reducing valves, thermostatic mixing valves, PEX pipings, fittings, and installation tools under the Zurn and Wilkins brand names.