Zurn Elkay Water Solutions Co. (NYSE:ZWS) Receives $38.67 Consensus Target Price from Analysts

Zurn Elkay Water Solutions Co. (NYSE:ZWS) has been given a consensus rating of “Moderate Buy” by the six analysts that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $38.67.

A number of equities research analysts have weighed in on ZWS shares. Stifel Nicolaus raised their target price on Zurn Elkay Water Solutions from $38.00 to $39.00 and gave the company a “hold” rating in a report on Friday, January 24th. Oppenheimer raised their price objective on Zurn Elkay Water Solutions from $37.00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Mizuho boosted their target price on Zurn Elkay Water Solutions from $34.00 to $37.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Finally, Robert W. Baird raised their price target on shares of Zurn Elkay Water Solutions from $37.00 to $39.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st.

Zurn Elkay Water Solutions Trading Down 0.3 %

ZWS opened at $38.19 on Monday. The company has a quick ratio of 1.71, a current ratio of 2.70 and a debt-to-equity ratio of 0.31. Zurn Elkay Water Solutions has a twelve month low of $28.25 and a twelve month high of $41.15. The stock has a market capitalization of $6.48 billion, a price-to-earnings ratio of 41.51, a P/E/G ratio of 1.78 and a beta of 1.15. The company has a 50-day simple moving average of $38.46 and a 200 day simple moving average of $36.06.

Zurn Elkay Water Solutions (NYSE:ZWS) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.04. Zurn Elkay Water Solutions had a net margin of 10.23% and a return on equity of 14.01%. Analysts predict that Zurn Elkay Water Solutions will post 1.35 EPS for the current fiscal year.

Zurn Elkay Water Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Thursday, February 20th will be given a $0.09 dividend. The ex-dividend date is Thursday, February 20th. This represents a $0.36 annualized dividend and a yield of 0.94%. Zurn Elkay Water Solutions’s dividend payout ratio is presently 39.13%.

Institutional Trading of Zurn Elkay Water Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in ZWS. Quarry LP boosted its position in Zurn Elkay Water Solutions by 178.7% during the 2nd quarter. Quarry LP now owns 836 shares of the company’s stock worth $25,000 after buying an additional 536 shares during the period. GAMMA Investing LLC raised its stake in shares of Zurn Elkay Water Solutions by 138.4% during the fourth quarter. GAMMA Investing LLC now owns 937 shares of the company’s stock valued at $35,000 after acquiring an additional 544 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Zurn Elkay Water Solutions during the third quarter worth $36,000. Tsfg LLC bought a new stake in shares of Zurn Elkay Water Solutions in the fourth quarter worth $56,000. Finally, Tortoise Investment Management LLC increased its holdings in Zurn Elkay Water Solutions by 77.4% in the fourth quarter. Tortoise Investment Management LLC now owns 1,731 shares of the company’s stock valued at $65,000 after purchasing an additional 755 shares during the period. 83.33% of the stock is currently owned by institutional investors.

About Zurn Elkay Water Solutions

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.