Zurn Elkay Water Solutions Cor (NYSE:ZWS) CFO Sells $395,700.20 in Stock

Zurn Elkay Water Solutions Cor (NYSE:ZWS) CFO David Pauli sold 7,639 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $51.80, for a total value of $395,700.20. Following the sale, the chief financial officer owned 66,807 shares in the company, valued at approximately $3,460,602.60. The trade was a 10.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Zurn Elkay Water Solutions Cor Stock Performance

Shares of ZWS opened at $51.31 on Friday. The company has a 50-day moving average of $47.60 and a two-hundred day moving average of $46.65. The stock has a market cap of $8.56 billion, a price-to-earnings ratio of 44.62, a PEG ratio of 2.14 and a beta of 1.08. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.13 and a quick ratio of 2.07. Zurn Elkay Water Solutions Cor has a one year low of $27.74 and a one year high of $53.17.

Zurn Elkay Water Solutions Cor (NYSE:ZWS) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.34 by $0.02. Zurn Elkay Water Solutions Cor had a net margin of 11.68% and a return on equity of 16.54%. The business had revenue of $407.20 million during the quarter, compared to the consensus estimate of $400.75 million. During the same quarter in the prior year, the firm earned $0.32 EPS. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. On average, equities research analysts expect that Zurn Elkay Water Solutions Cor will post 1.36 earnings per share for the current year.

Zurn Elkay Water Solutions Cor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Stockholders of record on Friday, February 20th will be issued 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 is presently 38.26%.

Hedge Funds Weigh In On Zurn Elkay Water Solutions Cor

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Andina Capital Management LLC grew its position in Zurn Elkay Water Solutions Cor by 1.6% in the fourth quarter. Andina Capital Management LLC now owns 12,618 shares of the company’s stock worth $587,000 after acquiring an additional 200 shares in the last quarter. HM Payson & Co. lifted its stake in shares of Zurn Elkay Water Solutions Cor by 12.0% in the 3rd quarter. HM Payson & Co. now owns 2,303 shares of the company’s stock valued at $108,000 after purchasing an additional 246 shares during the last quarter. Fifth Third Bancorp lifted its stake in shares of Zurn Elkay Water Solutions Cor by 49.7% in the 3rd quarter. Fifth Third Bancorp now owns 771 shares of the company’s stock valued at $36,000 after purchasing an additional 256 shares during the last quarter. Archer Investment Corp boosted its holdings in Zurn Elkay Water Solutions Cor by 8.9% in the third quarter. Archer Investment Corp now owns 3,595 shares of the company’s stock worth $169,000 after purchasing an additional 295 shares in the last quarter. Finally, Thrive Wealth Management LLC increased its position in Zurn Elkay Water Solutions Cor by 3.8% during the third quarter. Thrive Wealth Management LLC now owns 8,713 shares of the company’s stock worth $410,000 after buying an additional 323 shares during the last quarter. Institutional investors own 83.33% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on ZWS shares. Stifel Nicolaus set a $59.00 price target on Zurn Elkay Water Solutions Cor in a research report on Thursday, February 5th. Robert W. Baird set a $56.00 target price on Zurn Elkay Water Solutions Cor in a report on Thursday, February 5th. The Goldman Sachs Group reissued a “neutral” rating and issued a $50.00 price target on shares of Zurn Elkay Water Solutions Cor in a research report on Thursday, February 5th. Oppenheimer boosted their price objective on shares of Zurn Elkay Water Solutions Cor from $53.00 to $57.00 and gave the company an “outperform” rating in a research report on Friday, February 6th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Zurn Elkay Water Solutions Cor in a research report on Monday, December 29th. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $51.63.

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.