Zurn Elkay Water Solutions Cor (NYSE:ZWS) CFO David Pauli Sells 812 Shares of Stock

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

Zurn Elkay Water Solutions Cor Stock Down 0.2%

Zurn Elkay Water Solutions Cor stock opened at $51.29 on Friday. The company has a 50 day moving average of $47.69 and a 200-day moving average of $46.73. The company has a quick ratio of 2.07, a current ratio of 3.13 and a debt-to-equity ratio of 0.31. Zurn Elkay Water Solutions Cor has a twelve month low of $27.74 and a twelve month high of $53.17. The stock has a market capitalization of $8.55 billion, a PE 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 posted its quarterly earnings data on Tuesday, February 3rd. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.34 by $0.02. The business had revenue of $407.20 million for 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%. The firm’s revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.32 EPS. On average, equities research analysts anticipate that Zurn Elkay Water Solutions Cor will post 1.36 EPS for the current fiscal year.

Zurn Elkay Water Solutions Cor Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Stockholders of record on Friday, February 20th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, February 20th. Zurn Elkay Water Solutions Cor’s dividend payout ratio is currently 38.26%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on ZWS shares. Zacks Research cut 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 reaffirmed a “neutral” rating and issued a $50.00 target price on shares of Zurn Elkay Water Solutions Cor in a research report on Thursday, February 5th. Jefferies Financial Group initiated coverage on shares of Zurn Elkay Water Solutions Cor in a research note on Friday, December 12th. They issued a “buy” rating and a $58.00 price target on the stock. Finally, Stifel Nicolaus set a $59.00 price objective on shares of Zurn Elkay Water Solutions Cor in a research note on Thursday, February 5th. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $51.63.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ZWS. Advisory Services Network LLC acquired a new position in Zurn Elkay Water Solutions Cor in the third quarter valued at about $25,000. V Square Quantitative Management LLC bought a new position in Zurn Elkay Water Solutions Cor in the 4th quarter valued at about $26,000. First Horizon Advisors Inc. raised its position in shares of Zurn Elkay Water Solutions Cor by 249.8% in the 2nd quarter. First Horizon Advisors Inc. now owns 703 shares of the company’s stock valued at $26,000 after buying an additional 502 shares in the last quarter. Whittier Trust Co. bought a new stake in shares of Zurn Elkay Water Solutions Cor during the 2nd quarter worth approximately $26,000. Finally, Fifth Third Bancorp boosted its position in shares of Zurn Elkay Water Solutions Cor by 49.7% during 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. 83.33% of the stock is currently owned by institutional investors.

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.