Aimee Katz Sells 100,000 Shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS) Stock

Zurn Elkay Water Solutions Co. (NYSE:ZWS) major shareholder Aimee Katz sold 100,000 shares of the company’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $29.04, for a total transaction of $2,904,000.00. Following the completion of the transaction, the insider now owns 23,574,164 shares in the company, valued at $684,593,722.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Zurn Elkay Water Solutions Price Performance

ZWS traded up $0.42 on Tuesday, hitting $29.18. 921,718 shares of the stock were exchanged, compared to its average volume of 960,291. Zurn Elkay Water Solutions Co. has a 12 month low of $25.09 and a 12 month high of $34.58. The business has a 50-day moving average of $31.26 and a two-hundred day moving average of $31.00. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.31 and a quick ratio of 1.95. The firm has a market capitalization of $5.04 billion, a price-to-earnings ratio of 40.70, a PEG ratio of 1.53 and a beta of 1.16.

Zurn Elkay Water Solutions (NYSE:ZWS) last posted its earnings results on Tuesday, April 23rd. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.03. The firm had revenue of $374.00 million during 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 quarter in the prior year, the business earned $0.18 earnings per share. Sell-side analysts forecast that Zurn Elkay Water Solutions Co. will post 1.18 EPS for the current fiscal year.

Zurn Elkay Water Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Monday, May 20th were issued a $0.08 dividend. The ex-dividend date of this dividend was Friday, May 17th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.10%. Zurn Elkay Water Solutions’s dividend payout ratio (DPR) is currently 45.07%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA lifted its holdings in shares of Zurn Elkay Water Solutions by 1.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 20,109 shares of the company’s stock worth $591,000 after acquiring an additional 359 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of 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 acquiring an additional 718 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Zurn Elkay Water Solutions by 16.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 6,900 shares of the company’s stock worth $203,000 after acquiring an additional 1,000 shares during the last quarter. Principal Securities Inc. bought a new position in shares of Zurn Elkay Water Solutions in the fourth quarter worth about $34,000. Finally, EntryPoint Capital LLC increased its stake in shares of Zurn Elkay Water Solutions by 649.1% in the first quarter. EntryPoint Capital LLC now owns 1,603 shares of the company’s stock valued at $54,000 after buying an additional 1,389 shares during the period. Institutional investors own 83.33% of the company’s stock.

Wall Street Analysts Forecast Growth

ZWS has been the topic of several research reports. BNP Paribas initiated coverage on shares of Zurn Elkay Water Solutions in a report on Tuesday, March 12th. They issued an “outperform” rating and a $40.00 price objective on the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Zurn Elkay Water Solutions from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Finally, Oppenheimer boosted their target price on shares of Zurn Elkay Water Solutions from $36.00 to $37.00 and gave the company an “outperform” rating in a research report on Friday, April 12th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Zurn Elkay Water Solutions currently has a consensus rating of “Hold” and a consensus 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.