Zurn Elkay Water Solutions Co. (NYSE:ZWS) CFO David J. Pauli Sells 4,070 Shares

Zurn Elkay Water Solutions Co. (NYSE:ZWS) CFO David J. Pauli sold 4,070 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 $159,340.50. Following the transaction, the chief financial officer now directly owns 47,572 shares in the company, valued at approximately $1,862,443.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Zurn Elkay Water Solutions Price Performance

Shares of ZWS stock traded down $0.72 on Thursday, hitting $39.19. 1,612,465 shares of the stock traded hands, compared to its average volume of 1,126,370. The firm has a market cap of $6.65 billion, a price-to-earnings ratio of 49.61, a PEG ratio of 1.88 and a beta of 1.14. Zurn Elkay Water Solutions Co. has a 52 week low of $27.55 and a 52 week high of $40.64. The firm has a 50 day simple moving average of $35.05 and a two-hundred day simple moving average of $32.47. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.70 and a quick ratio of 1.71.

Zurn Elkay Water Solutions (NYSE:ZWS) last announced its quarterly 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 for the quarter, compared to the consensus estimate of $406.15 million. During the same period in the previous year, the firm posted $0.29 EPS. Zurn Elkay Water Solutions’s revenue for the quarter was up 2.9% compared to the same quarter last year. As a group, equities research analysts predict 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Wednesday, November 20th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.92%. This is a boost from Zurn Elkay Water Solutions’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Wednesday, November 20th. Zurn Elkay Water Solutions’s payout ratio is 45.57%.

Institutional Investors Weigh In On Zurn Elkay Water Solutions

Hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. boosted its holdings in shares of Zurn Elkay Water Solutions by 49.6% in the 3rd quarter. Principal Financial Group Inc. now owns 2,619,953 shares of the company’s stock valued at $94,161,000 after acquiring an additional 868,748 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Zurn Elkay Water Solutions by 37.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,695,510 shares of the company’s stock valued at $49,846,000 after purchasing an additional 465,701 shares in the last quarter. Impax Asset Management Group plc raised its position in shares of Zurn Elkay Water Solutions by 4.1% in the third quarter. Impax Asset Management Group plc now owns 8,801,275 shares of the company’s stock valued at $315,645,000 after buying an additional 346,412 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Zurn Elkay Water Solutions by 2.1% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 13,138,996 shares of the company’s stock valued at $386,286,000 after buying an additional 265,857 shares during the last quarter. Finally, Wintrust Investments LLC increased its position in Zurn Elkay Water Solutions by 1,300.0% during the first quarter. Wintrust Investments LLC now owns 252,000 shares of the company’s stock worth $8,434,000 after purchasing an additional 234,000 shares during the last quarter. Hedge funds and other institutional investors own 83.33% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ZWS shares. Robert W. Baird raised their price target 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. 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 report on Tuesday, October 22nd. 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 report on Wednesday, October 16th. Mizuho boosted their price target on shares of 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. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Zurn Elkay Water Solutions from $35.00 to $37.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus 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.