Zurn Elkay Water Solutions Co. (NYSE:ZWS) CEO Todd A. Adams Sells 129,604 Shares

Zurn Elkay Water Solutions Co. (NYSE:ZWSGet Free Report) CEO Todd A. Adams sold 129,604 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $33.06, for a total transaction of $4,284,708.24. Following the transaction, the chief executive officer now owns 1,828,550 shares in the company, valued at approximately $60,451,863. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Zurn Elkay Water Solutions Price Performance

Shares of NYSE:ZWS opened at $32.35 on Tuesday. The company has a current ratio of 3.02, a quick ratio of 1.77 and a debt-to-equity ratio of 0.31. The stock has a market cap of $5.56 billion, a PE ratio of 49.77, a price-to-earnings-growth ratio of 1.83 and a beta of 1.21. The stock’s fifty day simple moving average is $29.60 and its two-hundred day simple moving average is $28.85. Zurn Elkay Water Solutions Co. has a 1-year low of $19.29 and a 1-year high of $33.95.

Zurn Elkay Water Solutions (NYSE:ZWSGet Free Report) last released its quarterly earnings results on Monday, February 5th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.03. Zurn Elkay Water Solutions had a net margin of 7.36% and a return on equity of 10.75%. The company had revenue of $356.80 million for the quarter, compared to analyst estimates of $350.55 million. During the same period last year, the firm earned $0.16 earnings per share. The firm’s revenue was up 4.9% on a year-over-year basis. As a group, analysts forecast that Zurn Elkay Water Solutions Co. will post 1.12 EPS for the current fiscal year.

Zurn Elkay Water Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 7th. Stockholders of record on Tuesday, February 20th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, February 16th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.99%. Zurn Elkay Water Solutions’s payout ratio is presently 49.23%.

Analyst Ratings Changes

A number of research firms recently weighed in on ZWS. KeyCorp downgraded Zurn Elkay Water Solutions from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 13th. Mizuho downgraded shares of Zurn Elkay Water Solutions from a “buy” rating to a “neutral” rating and set a $34.00 price target for the company. in a research report on Friday. Finally, Stifel Nicolaus downgraded shares of Zurn Elkay Water Solutions from a “buy” rating to a “hold” rating and set a $31.00 price objective on the stock. in a report on Tuesday, December 19th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Zurn Elkay Water Solutions has an average rating of “Hold” and an average target price of $31.14.

Check Out Our Latest Analysis on Zurn Elkay Water Solutions

Institutional Trading of Zurn Elkay Water Solutions

A number of institutional investors and hedge funds have recently modified their holdings of ZWS. Moneta Group Investment Advisors LLC grew its stake in Zurn Elkay Water Solutions by 111,056.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 21,777,778 shares of the company’s stock valued at $460,600,000 after purchasing an additional 21,758,186 shares during the period. Vanguard Group Inc. grew its position in Zurn Elkay Water Solutions by 18.4% during the third quarter. Vanguard Group Inc. now owns 13,446,027 shares of the company’s stock valued at $329,428,000 after buying an additional 2,085,426 shares during the period. BlackRock Inc. grew its position in Zurn Elkay Water Solutions by 33.7% during the second quarter. BlackRock Inc. now owns 11,869,166 shares of the company’s stock valued at $319,162,000 after buying an additional 2,994,006 shares during the period. Bank of America Corp DE increased its holdings in Zurn Elkay Water Solutions by 5.0% during the first quarter. Bank of America Corp DE now owns 7,857,541 shares of the company’s stock worth $167,837,000 after buying an additional 374,409 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC raised its position in Zurn Elkay Water Solutions by 145.1% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,210,447 shares of the company’s stock worth $202,037,000 after acquiring an additional 4,268,785 shares during the period. 82.45% of the stock is owned by hedge funds and other institutional investors.

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, including interceptors, water control and backflow, fire protection, PEX pipings and tubings, valves, fittings, and installation tools under the Zurn and Wilkis brand names.

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Insider Buying and Selling by Quarter for Zurn Elkay Water Solutions (NYSE:ZWS)

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