Sei Investments Co. Boosts Holdings in Zurn Elkay Water Solutions Cor $ZWS

Sei Investments Co. lifted its position in shares of Zurn Elkay Water Solutions Cor (NYSE:ZWS) by 12.0% during the first quarter, HoldingsChannel reports. The firm owned 248,631 shares of the company’s stock after purchasing an additional 26,573 shares during the quarter. Sei Investments Co.’s holdings in Zurn Elkay Water Solutions Cor were worth $11,149,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Andina Capital Management LLC grew its holdings in Zurn Elkay Water Solutions Cor by 1.6% during the 4th quarter. Andina Capital Management LLC now owns 12,618 shares of the company’s stock valued at $587,000 after purchasing an additional 200 shares in the last quarter. UMB Bank n.a. lifted its holdings in Zurn Elkay Water Solutions Cor by 24.2% in the 4th quarter. UMB Bank n.a. now owns 1,233 shares of the company’s stock worth $57,000 after buying an additional 240 shares in the last quarter. Assetmark Inc. lifted its holdings in Zurn Elkay Water Solutions Cor by 53.0% in the 1st quarter. Assetmark Inc. now owns 843 shares of the company’s stock worth $38,000 after buying an additional 292 shares in the last quarter. Osaic Holdings Inc. boosted its position in Zurn Elkay Water Solutions Cor by 15.6% in the 2nd quarter. Osaic Holdings Inc. now owns 2,531 shares of the company’s stock valued at $91,000 after buying an additional 341 shares during the last quarter. Finally, California State Teachers Retirement System boosted its position in Zurn Elkay Water Solutions Cor by 0.3% in the 2nd quarter. California State Teachers Retirement System now owns 134,647 shares of the company’s stock valued at $4,924,000 after buying an additional 353 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 Price Performance

Shares of ZWS stock opened at $50.56 on Friday. The firm has a fifty day moving average of $48.52 and a two-hundred day moving average of $48.40. The firm has a market cap of $8.39 billion, a P/E ratio of 31.21, a P/E/G ratio of 1.91 and a beta of 1.04. Zurn Elkay Water Solutions Cor has a 1-year low of $42.39 and a 1-year high of $55.00. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.05 and a quick ratio of 2.11.

Zurn Elkay Water Solutions Cor (NYSE:ZWS) last issued its earnings results on Tuesday, July 28th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. The business had revenue of $491.00 million for the quarter, compared to analyst estimates of $483.04 million. Zurn Elkay Water Solutions Cor had a net margin of 15.45% and a return on equity of 18.01%. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.42 EPS. As a group, research analysts anticipate that Zurn Elkay Water Solutions Cor will post 1.81 earnings per share for the current fiscal year.

Zurn Elkay Water Solutions Cor Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Thursday, August 20th will be given a $0.11 dividend. The ex-dividend date is Thursday, August 20th. This represents a $0.44 annualized dividend and a dividend yield of 0.9%. Zurn Elkay Water Solutions Cor’s dividend payout ratio (DPR) is presently 27.16%.

Analyst Ratings Changes

A number of analysts have recently issued reports on ZWS shares. Barclays lifted their target price on Zurn Elkay Water Solutions Cor from $59.00 to $61.00 and gave the stock an “overweight” rating in a research report on Friday. UBS Group set a $56.00 price target on Zurn Elkay Water Solutions Cor in a report on Thursday, April 23rd. Oppenheimer restated an “outperform” rating and set a $58.00 price objective on shares of Zurn Elkay Water Solutions Cor in a research note on Thursday, April 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Zurn Elkay Water Solutions Cor in a report on Friday, July 24th. Finally, Robert W. Baird set a $58.00 target price on Zurn Elkay Water Solutions Cor in a research report on Thursday. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $57.22.

Zurn Elkay Water Solutions Cor 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.