Analysts Set Zurn Elkay Water Solutions Cor (NYSE:ZWS) PT at $51.63

Shares of Zurn Elkay Water Solutions Cor (NYSE:ZWS) have earned an average recommendation of “Hold” from the nine research firms that are presently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $51.6250.

ZWS has been the subject of several analyst reports. Jefferies Financial Group began coverage on shares of Zurn Elkay Water Solutions Cor in a research report on Friday, December 12th. They set a “buy” rating and a $58.00 price target for the company. Zacks Research downgraded Zurn Elkay Water Solutions Cor from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. The Goldman Sachs Group restated a “neutral” rating and set a $50.00 target price on shares of Zurn Elkay Water Solutions Cor in a report on Thursday, February 5th. Weiss Ratings restated a “buy (b-)” rating on shares of Zurn Elkay Water Solutions Cor in a research report on Monday, December 29th. Finally, Royal Bank Of Canada lifted their price target on Zurn Elkay Water Solutions Cor from $49.00 to $55.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 5th.

Insider Buying and Selling

In related news, Director Timothy J. Jahnke sold 25,000 shares of Zurn Elkay Water Solutions Cor stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $51.18, for a total value of $1,279,500.00. Following the transaction, the director directly owned 266,864 shares of the company’s stock, valued at $13,658,099.52. The trade was a 8.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Jeffrey J. Lavalle sold 6,097 shares of the stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $51.80, for a total transaction of $315,824.60. Following the sale, the vice president directly owned 49,803 shares of the company’s stock, valued at $2,579,795.40. The trade was a 10.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 599,259 shares of company stock valued at $31,225,361 over the last quarter. Company insiders own 2.60% of the company’s stock.

Institutional Trading of Zurn Elkay Water Solutions Cor

Institutional investors have recently modified their holdings of the company. Advisory Services Network LLC purchased a new position in Zurn Elkay Water Solutions Cor during the 3rd quarter valued at about $25,000. V Square Quantitative Management LLC bought a new position in Zurn Elkay Water Solutions Cor during the 4th quarter valued at approximately $26,000. Kemnay Advisory Services Inc. purchased a new stake in Zurn Elkay Water Solutions Cor in the 4th quarter worth approximately $35,000. Fifth Third Bancorp lifted its holdings 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 buying an additional 256 shares during the period. Finally, Hantz Financial Services Inc. grew its position in shares of Zurn Elkay Water Solutions Cor by 138.9% in the 4th quarter. Hantz Financial Services Inc. now owns 805 shares of the company’s stock worth $37,000 after buying an additional 468 shares during the last quarter. 83.33% of the stock is currently owned by hedge funds and other institutional investors.

Zurn Elkay Water Solutions Cor Trading Down 0.8%

Shares of ZWS opened at $43.70 on Wednesday. Zurn Elkay Water Solutions Cor has a fifty-two week low of $27.74 and a fifty-two week high of $53.17. The firm has a market cap of $7.32 billion, a price-to-earnings ratio of 38.00, a PEG ratio of 1.84 and a beta of 1.04. The firm has a 50 day moving average price of $48.40 and a 200-day moving average price of $47.38. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.07 and a current ratio of 3.13.

Zurn Elkay Water Solutions Cor (NYSE:ZWS) last released its 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. The company had revenue of $407.20 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.32 EPS. As a group, equities research analysts forecast that Zurn Elkay Water Solutions Cor will post 1.36 earnings per share for the current year.

Zurn Elkay Water Solutions Cor Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 6th. Stockholders of record on Friday, February 20th were issued a $0.11 dividend. The ex-dividend date was Friday, February 20th. This represents a $0.44 annualized dividend and a dividend yield of 1.0%. Zurn Elkay Water Solutions Cor’s dividend payout ratio (DPR) is currently 38.26%.

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.