Insider Selling: Zurn Elkay Water Solutions Co. (NYSE:ZWS) VP Sells 3,132 Shares of Stock

Zurn Elkay Water Solutions Co. (NYSE:ZWS) VP Jeffrey J. Lavalle sold 3,132 shares of Zurn Elkay Water Solutions stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $39.15, for a total transaction of $122,617.80. Following the completion of the transaction, the vice president now owns 35,422 shares in the company, valued at approximately $1,386,771.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Zurn Elkay Water Solutions Stock Down 1.8 %

Shares of NYSE:ZWS traded down $0.72 during trading on Thursday, reaching $39.19. 1,612,465 shares of the company traded hands, compared to its average volume of 1,126,370. The firm has a fifty day simple moving average of $35.05 and a 200 day simple moving average of $32.47. The firm has a market cap of $6.65 billion, a P/E ratio of 49.61, a price-to-earnings-growth ratio of 1.88 and a beta of 1.14. Zurn Elkay Water Solutions Co. has a 1-year low of $27.55 and a 1-year high of $40.64. 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 issued its earnings results on Tuesday, October 29th. The company reported $0.34 earnings per share (EPS) 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 company had revenue of $410.00 million during the quarter, compared to analyst estimates of $406.15 million. During the same quarter last year, the business posted $0.29 EPS. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. Analysts anticipate that Zurn Elkay Water Solutions Co. will post 1.24 earnings per share for the current fiscal year.

Zurn Elkay Water Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Wednesday, November 20th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend is Wednesday, November 20th. This is a positive change from Zurn Elkay Water Solutions’s previous quarterly dividend of $0.08. Zurn Elkay Water Solutions’s payout ratio is presently 45.57%.

Institutional Investors Weigh In On Zurn Elkay Water Solutions

Institutional investors and hedge funds have recently modified their holdings of the business. Sei Investments Co. lifted its stake in shares of Zurn Elkay Water Solutions by 11.1% in the 2nd quarter. Sei Investments Co. now owns 211,183 shares of the company’s stock valued at $6,209,000 after purchasing an additional 21,081 shares during the last quarter. Hsbc Holdings PLC increased its holdings in shares of Zurn Elkay Water Solutions by 209.9% during the 2nd quarter. Hsbc Holdings PLC now owns 82,640 shares of the company’s stock worth $2,411,000 after purchasing an additional 55,970 shares during the period. B. Riley Wealth Advisors Inc. bought a new position in shares of Zurn Elkay Water Solutions during the 2nd quarter worth about $431,000. Impax Asset Management Group plc increased its holdings in shares of Zurn Elkay Water Solutions by 4.1% during the 3rd quarter. Impax Asset Management Group plc now owns 8,801,275 shares of the company’s stock worth $315,645,000 after purchasing an additional 346,412 shares during the period. Finally, AQR Capital Management LLC bought a new position in shares of Zurn Elkay Water Solutions during the 2nd quarter worth about $1,068,000. Institutional investors and hedge funds own 83.33% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on ZWS shares. Oppenheimer lifted their price objective on shares of Zurn Elkay Water Solutions from $37.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Mizuho lifted their price objective on shares of Zurn Elkay Water Solutions from $34.00 to $37.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Stifel Nicolaus lifted their price objective on shares of Zurn Elkay Water Solutions from $34.00 to $36.00 and gave the stock a “hold” rating in a research report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Zurn Elkay Water Solutions from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Robert W. Baird lifted their price objective on shares of Zurn Elkay Water Solutions from $37.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Four 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 has a consensus rating of “Hold” and an average target price of $38.17.

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.