Deutsche Bank Aktiengesellschaft Boosts Zurn Elkay Water Solutions (NYSE:ZWS) Price Target to $37.00

Zurn Elkay Water Solutions (NYSE:ZWS) had its price objective upped by investment analysts at Deutsche Bank Aktiengesellschaft from $35.00 to $37.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 18.51% from the stock’s current price.

A number of other research firms have also recently weighed in on ZWS. Oppenheimer raised their price objective on Zurn Elkay Water Solutions from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday, April 12th. Stifel Nicolaus lifted their price target on Zurn Elkay Water Solutions from $32.00 to $34.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $35.17.

Zurn Elkay Water Solutions Trading Down 3.8 %

ZWS traded down $1.24 during trading on Thursday, hitting $31.22. 383,610 shares of the stock were exchanged, compared to its average volume of 949,835. Zurn Elkay Water Solutions has a 1 year low of $25.09 and a 1 year high of $34.58. The firm has a 50 day simple moving average of $30.60 and a 200 day simple moving average of $31.24. The firm has a market cap of $5.39 billion, a price-to-earnings ratio of 43.90, a P/E/G ratio of 1.78 and a beta of 1.15. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.95 and a current ratio of 3.31.

Zurn Elkay Water Solutions (NYSE:ZWS) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. Zurn Elkay Water Solutions had a return on equity of 12.79% and a net margin of 8.80%. The business had revenue of $412.00 million for the quarter, compared to the consensus estimate of $409.14 million. During the same period last year, the business posted $0.24 EPS. The business’s revenue was up 2.2% compared to the same quarter last year. As a group, equities analysts expect that Zurn Elkay Water Solutions will post 1.18 EPS for the current year.

Insider Activity

In related news, Director Thomas Christopoul sold 10,495 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $32.11, for a total value of $336,994.45. Following the sale, the director now owns 104,844 shares in the company, valued at approximately $3,366,540.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Zurn Elkay Water Solutions news, major shareholder Aimee Katz sold 8,240 shares of Zurn Elkay Water Solutions stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $29.14, for a total transaction of $240,113.60. Following the completion of the sale, the insider now directly owns 23,565,924 shares of the company’s stock, valued at approximately $686,711,025.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas Christopoul sold 10,495 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $32.11, for a total transaction of $336,994.45. Following the completion of the transaction, the director now owns 104,844 shares in the company, valued at $3,366,540.84. The disclosure for this sale can be found here. Insiders sold a total of 251,442 shares of company stock valued at $7,716,844 in the last 90 days. Company insiders own 3.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. HighPoint Advisor Group LLC purchased a new position in Zurn Elkay Water Solutions during the fourth quarter worth about $5,213,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Zurn Elkay Water Solutions in the fourth quarter valued at approximately $1,511,000. Strs Ohio grew its position in shares of Zurn Elkay Water Solutions by 235.5% in the fourth quarter. Strs Ohio now owns 46,300 shares of the company’s stock valued at $1,361,000 after purchasing an additional 32,500 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Zurn Elkay Water Solutions in the first quarter valued at approximately $1,004,000. Finally, Epoch Investment Partners Inc. acquired a new stake in shares of Zurn Elkay Water Solutions in the first quarter valued at approximately $7,674,000. Hedge funds and other institutional investors own 83.33% of the company’s stock.

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.