Zurn Elkay Water Solutions Cor (NYSE:ZWS) VP Sells $22,734.42 in Stock

Zurn Elkay Water Solutions Cor (NYSE:ZWS) VP Jeffrey Lavalle sold 447 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $50.86, for a total value of $22,734.42. Following the completion of the sale, the vice president directly owned 51,421 shares of the company’s stock, valued at approximately $2,615,272.06. This trade represents a 0.86% decrease in their position. The sale 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%

Shares of Zurn Elkay Water Solutions Cor stock opened at $50.81 on Friday. Zurn Elkay Water Solutions Cor has a 1 year low of $27.74 and a 1 year high of $53.17. The company has a market cap of $8.47 billion, a P/E ratio of 44.18, a P/E/G ratio of 2.11 and a beta of 1.08. The company has a current ratio of 3.13, a quick ratio of 2.07 and a debt-to-equity ratio of 0.31. The stock has a 50-day moving average price of $48.11 and a 200 day moving average price of $47.04.

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

Zurn Elkay Water Solutions Cor Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on ZWS shares. Weiss Ratings restated a “buy (b-)” rating on shares of Zurn Elkay Water Solutions Cor in a report on Monday, December 29th. Robert W. Baird set a $56.00 target price on Zurn Elkay Water Solutions Cor in a research note on Thursday, February 5th. Zacks Research downgraded Zurn Elkay Water Solutions Cor from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. 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 note on Thursday, February 5th. Finally, Royal Bank Of Canada increased their price objective on Zurn Elkay Water Solutions Cor from $49.00 to $55.00 and gave the stock a “sector perform” rating in a report on Thursday, February 5th. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $51.63.

Institutional Trading of Zurn Elkay Water Solutions Cor

Several large investors have recently made changes to their positions in the stock. Creative Planning raised its position in shares of Zurn Elkay Water Solutions Cor by 37.4% in the second quarter. Creative Planning now owns 57,771 shares of the company’s stock valued at $2,113,000 after purchasing an additional 15,729 shares during the period. Global Alpha Capital Management Ltd. boosted its holdings in shares of Zurn Elkay Water Solutions Cor by 11.9% during the 2nd quarter. Global Alpha Capital Management Ltd. now owns 109,342 shares of the company’s stock worth $3,999,000 after buying an additional 11,602 shares during the period. Keybank National Association OH acquired a new position in Zurn Elkay Water Solutions Cor in the 2nd quarter valued at $222,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Zurn Elkay Water Solutions Cor in the 2nd quarter worth $380,000. Finally, Carret Asset Management LLC acquired a new position in Zurn Elkay Water Solutions Cor during the 2nd quarter worth $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.