Crescent Grove Advisors LLC Boosts Position in Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Crescent Grove Advisors LLC raised its stake in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS) by 5.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,435,447 shares of the company’s stock after purchasing an additional 130,732 shares during the quarter. Zurn Elkay Water Solutions accounts for about 9.0% of Crescent Grove Advisors LLC’s holdings, making the stock its biggest holding. Crescent Grove Advisors LLC owned approximately 1.44% of Zurn Elkay Water Solutions worth $90,842,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of ZWS. Quarry LP raised its stake in shares of Zurn Elkay Water Solutions by 178.7% during the second quarter. Quarry LP now owns 836 shares of the company’s stock worth $25,000 after acquiring an additional 536 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Zurn Elkay Water Solutions by 138.4% during the 4th quarter. GAMMA Investing LLC now owns 937 shares of the company’s stock valued at $35,000 after purchasing an additional 544 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in Zurn Elkay Water Solutions in the 3rd quarter worth $36,000. Tsfg LLC bought a new stake in Zurn Elkay Water Solutions in the fourth quarter worth $56,000. Finally, KBC Group NV boosted its position in Zurn Elkay Water Solutions by 20.9% during the third quarter. KBC Group NV now owns 3,978 shares of the company’s stock valued at $143,000 after buying an additional 688 shares during the period. Hedge funds and other institutional investors own 83.33% of the company’s stock.

Zurn Elkay Water Solutions Price Performance

Shares of Zurn Elkay Water Solutions stock opened at $38.76 on Friday. The company has a market cap of $6.58 billion, a PE ratio of 49.06, a P/E/G ratio of 1.80 and a beta of 1.15. The business has a 50 day moving average of $38.58 and a 200 day moving average of $35.45. Zurn Elkay Water Solutions Co. has a 52 week low of $28.25 and a 52 week high of $41.15. 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 (NYSE:ZWS) last announced its earnings results on Tuesday, October 29th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. Zurn Elkay Water Solutions had a net margin of 8.87% and a return on equity of 13.30%. The firm had revenue of $410.00 million for the quarter, compared to analyst estimates of $406.15 million. During the same quarter in the previous year, the firm posted $0.29 EPS. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. As a group, equities research analysts forecast that Zurn Elkay Water Solutions Co. will post 1.24 earnings per share for the current year.

Insider Activity

In other Zurn Elkay Water Solutions news, CEO Todd A. Adams sold 120,000 shares of Zurn Elkay Water Solutions stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $39.83, for a total transaction of $4,779,600.00. Following the completion of the transaction, the chief executive officer now owns 2,242,867 shares in the company, valued at approximately $89,333,392.61. The trade was a 5.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Jeffrey J. Lavalle sold 3,132 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $39.15, for a total value of $122,617.80. Following the transaction, the vice president now owns 35,422 shares of the company’s stock, valued at $1,386,771.30. The trade was a 8.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 127,202 shares of company stock worth $5,061,558 in the last quarter. 3.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ZWS has been the subject of several analyst reports. Mizuho increased their target price on Zurn Elkay Water Solutions from $34.00 to $37.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Stifel Nicolaus increased their price objective on Zurn Elkay Water Solutions from $38.00 to $39.00 and gave the company a “hold” rating in a research note on Friday. Robert W. Baird lifted their target price on shares of Zurn Elkay Water Solutions from $37.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Finally, Oppenheimer increased their price target on shares of Zurn Elkay Water Solutions from $37.00 to $40.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Zurn Elkay Water Solutions presently has an average rating of “Moderate Buy” and an average target price of $38.67.

Zurn Elkay Water Solutions 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.