Insider Selling: Zurn Elkay Water Solutions Co. (NYSE:ZWS) Director Sells 10,495 Shares of Stock

Zurn Elkay Water Solutions Co. (NYSE:ZWS) Director Thomas Christopoul sold 10,495 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $32.11, for a total transaction of $336,994.45. Following the completion of the sale, the director now directly owns 104,844 shares in the company, valued at $3,366,540.84. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Zurn Elkay Water Solutions Stock Performance

Shares of NYSE ZWS traded down $0.20 during mid-day trading on Wednesday, hitting $32.11. The company had a trading volume of 586,726 shares, compared to its average volume of 971,464. Zurn Elkay Water Solutions Co. has a 1 year low of $20.70 and a 1 year high of $34.58. The company has a market capitalization of $5.54 billion, a price-to-earnings ratio of 45.22, a P/E/G ratio of 1.65 and a beta of 1.21. The company has a current ratio of 3.31, a quick ratio of 1.95 and a debt-to-equity ratio of 0.31. The stock’s 50-day moving average price is $32.01 and its 200-day moving average price is $30.34.

Zurn Elkay Water Solutions (NYSE:ZWS) last posted its earnings results on Tuesday, April 23rd. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.03. The business had revenue of $374.00 million for the quarter, compared to analysts’ expectations of $369.43 million. Zurn Elkay Water Solutions had a net margin of 8.11% and a return on equity of 11.85%. The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.18 EPS. On average, sell-side analysts forecast that Zurn Elkay Water Solutions Co. will post 1.18 earnings per share for the current year.

Zurn Elkay Water Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Monday, May 20th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Friday, May 17th. Zurn Elkay Water Solutions’s payout ratio is 45.07%.

Institutional Trading of Zurn Elkay Water Solutions

A number of hedge funds have recently made changes to their positions in the stock. Principal Securities Inc. purchased a new position in shares of Zurn Elkay Water Solutions during the fourth quarter worth approximately $34,000. Benjamin Edwards Inc. bought a new position in shares of Zurn Elkay Water Solutions during the 4th quarter valued at $42,000. Kapitalo Investimentos Ltda purchased a new position in Zurn Elkay Water Solutions in the 4th quarter worth $76,000. Assetmark Inc. lifted its stake in Zurn Elkay Water Solutions by 32.9% in the fourth quarter. Assetmark Inc. now owns 2,898 shares of the company’s stock worth $85,000 after purchasing an additional 718 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its stake in Zurn Elkay Water Solutions by 85.4% in the fourth quarter. Global Retirement Partners LLC now owns 3,294 shares of the company’s stock worth $93,000 after purchasing an additional 1,517 shares during the last quarter. 83.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on ZWS shares. Deutsche Bank Aktiengesellschaft cut their price target on shares of Zurn Elkay Water Solutions from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Oppenheimer upped their price target on Zurn Elkay Water Solutions from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, April 12th. BNP Paribas assumed coverage on Zurn Elkay Water Solutions in a research note on Tuesday, March 12th. They set an “outperform” rating and a $40.00 price objective on the stock. Finally, Mizuho lowered shares of Zurn Elkay Water Solutions from a “buy” rating to a “neutral” rating and set a $34.00 target price for the company. in a research note on Friday, February 9th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $33.50.

Zurn Elkay Water Solutions Company Profile

Zurn Elkay Water Solutions Corporation engages in design, procurement, manufacture, and marketing of water management solutions in the United States, Canada, and internationally. It offers water safety and control products, such as backflow preventers, fire system valves, pressure reducing valves, thermostatic mixing valves, PEX pipings, fittings, and installation tools under the Zurn and Wilkins brand names.