Zurn Elkay Water Solutions Co. (ZWS) To Go Ex-Dividend on February 20th

Zurn Elkay Water Solutions Co. (NYSE:ZWS) announced a quarterly dividend on Thursday, January 30th,Wall Street Journal reports. Shareholders of record on Thursday, February 20th will be given a dividend of 0.09 per share on Friday, March 7th. This represents a $0.36 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend is Thursday, February 20th.

Zurn Elkay Water Solutions has raised its dividend payment by an average of 3.2% per year over the last three years. Zurn Elkay Water Solutions has a payout ratio of 24.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Zurn Elkay Water Solutions to earn $1.35 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 26.7%.

Zurn Elkay Water Solutions Stock Performance

Zurn Elkay Water Solutions stock opened at $39.49 on Friday. The stock’s 50 day simple moving average is $38.57 and its two-hundred day simple moving average is $35.78. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.71 and a current ratio of 2.70. The stock has a market cap of $6.70 billion, a price-to-earnings ratio of 49.99, a PEG ratio of 1.81 and a beta of 1.15. Zurn Elkay Water Solutions has a fifty-two week low of $28.25 and a fifty-two week high of $41.15.

Zurn Elkay Water Solutions (NYSE:ZWS) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. The business had revenue of $410.00 million for the quarter, compared to analysts’ expectations of $406.15 million. Zurn Elkay Water Solutions had a return on equity of 13.30% and a net margin of 8.87%. The business’s revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.29 EPS. As a group, analysts expect that Zurn Elkay Water Solutions will post 1.24 earnings per share for the current fiscal year.

Insider Buying and Selling at Zurn Elkay Water Solutions

In other news, CEO Todd A. Adams sold 120,000 shares of the 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 transaction, the chief executive officer now directly owns 2,242,867 shares of the company’s stock, valued at $89,333,392.61. This represents a 5.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Jeffrey J. Lavalle sold 3,132 shares of the 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 directly owns 35,422 shares in the company, 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. In the last three months, insiders have sold 127,202 shares of company stock worth $5,061,558. Insiders own 3.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on ZWS shares. Oppenheimer upped their price target on Zurn Elkay Water Solutions from $37.00 to $40.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Robert W. Baird upped their price target on 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. Stifel Nicolaus upped their price target on Zurn Elkay Water Solutions from $38.00 to $39.00 and gave the stock a “hold” rating in a research note on Friday, January 24th. Finally, Mizuho upped their price target 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. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $38.67.

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.