Zurn Elkay Water Solutions Co. (NYSE:ZWS - Get Free Report) VP Jeffrey J. Lavalle sold 3,132 shares of Zurn Elkay Water Solutions stock in a transaction dated 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 of the company's stock, valued at $1,386,771.30. The trade was 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 Stock Performance
Shares of NYSE:ZWS opened at $39.19 on Friday. The company has a current ratio of 2.70, a quick ratio of 1.71 and a debt-to-equity ratio of 0.31. The company has a 50-day moving average price of $35.05 and a 200-day moving average price of $32.47. The company has a market cap of $6.65 billion, a price-to-earnings 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 12 month low of $27.55 and a 12 month high of $40.64.
Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.02. The business had revenue of $410.00 million during the quarter, compared to analyst estimates of $406.15 million. Zurn Elkay Water Solutions had a return on equity of 13.30% and a net margin of 8.87%. Zurn Elkay Water Solutions's quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.29 EPS. As a group, equities analysts anticipate that Zurn Elkay Water Solutions Co. will post 1.24 EPS for the current year.
Zurn Elkay Water Solutions Increases Dividend
***TODAY ONLY*** The winner of the next crypto bull run?
From Weiss Ratings | Ad
Donald Trump is about to send crypto "to the moon."
Crypto expert Juan Villaverde says this could be the start of the greatest bull market in crypto history.
Now you can learn how to play it with this exclusive offer. And it isn't Bitcoin.
Now you can learn what it is via this exclusive, limited time offer.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Wednesday, November 20th will be issued a $0.09 dividend. This is an increase from Zurn Elkay Water Solutions's previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $0.36 dividend on an annualized basis and a yield of 0.92%. Zurn Elkay Water Solutions's dividend payout ratio is 45.57%.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on ZWS shares. Mizuho increased their target price 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. Stifel Nicolaus lifted their price objective on Zurn Elkay Water Solutions from $34.00 to $36.00 and gave the company a "hold" rating in a research note on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft upped their target price on Zurn Elkay Water Solutions from $35.00 to $37.00 and gave the stock a "buy" rating in a research note on Thursday, August 1st. Robert W. Baird lifted their price target on Zurn Elkay Water Solutions from $37.00 to $39.00 and gave the company a "neutral" rating in a research report on Thursday, October 31st. Finally, Oppenheimer upped 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. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $38.17.
Check Out Our Latest Stock Analysis on ZWS
Institutional Trading of Zurn Elkay Water Solutions
A number of hedge funds have recently modified their holdings of the business. Sei Investments Co. lifted its position in Zurn Elkay Water Solutions by 11.1% during the 2nd quarter. Sei Investments Co. now owns 211,183 shares of the company's stock valued at $6,209,000 after acquiring an additional 21,081 shares during the period. Hsbc Holdings PLC lifted its holdings in shares of Zurn Elkay Water Solutions by 209.9% during the second quarter. Hsbc Holdings PLC now owns 82,640 shares of the company's stock valued at $2,411,000 after purchasing an additional 55,970 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in shares of Zurn Elkay Water Solutions in the 2nd quarter worth approximately $431,000. Impax Asset Management Group plc grew its stake in shares of Zurn Elkay Water Solutions by 4.1% in the 3rd quarter. Impax Asset Management Group plc now owns 8,801,275 shares of the company's stock worth $315,645,000 after buying an additional 346,412 shares during the last quarter. Finally, AQR Capital Management LLC bought a new position in Zurn Elkay Water Solutions during the 2nd quarter valued at approximately $1,068,000. Institutional investors own 83.33% of the company's stock.
Zurn Elkay Water Solutions Company Profile
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
