Timothy J. Jahnke Sells 10,035 Shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS) Stock

Zurn Elkay Water Solutions Co. (NYSE:ZWS) Director Timothy J. Jahnke sold 10,035 shares of Zurn Elkay Water Solutions stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $35.00, for a total value of $351,225.00. Following the sale, the director now owns 374,982 shares in the company, valued at approximately $13,124,370. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Zurn Elkay Water Solutions Stock Performance

Shares of NYSE:ZWS traded down $0.16 during trading on Friday, reaching $34.82. The company had a trading volume of 25,844,666 shares, compared to its average volume of 1,112,883. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.84 and a quick ratio of 1.75. The stock’s fifty day moving average price is $31.56 and its 200 day moving average price is $31.46. Zurn Elkay Water Solutions Co. has a fifty-two week low of $25.09 and a fifty-two week high of $35.18. The firm has a market capitalization of $6.01 billion, a price-to-earnings ratio of 49.27, a price-to-earnings-growth ratio of 1.80 and a beta of 1.14.

Zurn Elkay Water Solutions (NYSE:ZWS) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.02. Zurn Elkay Water Solutions had a net margin of 8.80% and a return on equity of 12.82%. The company had revenue of $412.00 million for the quarter, compared to analysts’ expectations of $409.14 million. During the same period in the previous year, the company posted $0.24 EPS. Zurn Elkay Water Solutions’s revenue was up 2.2% compared to the same quarter last year. As a group, equities research analysts predict that Zurn Elkay Water Solutions Co. will post 1.21 EPS for the current year.

Zurn Elkay Water Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, August 20th were given a $0.08 dividend. The ex-dividend date was Tuesday, August 20th. This represents a $0.32 dividend on an annualized basis and a yield of 0.92%. Zurn Elkay Water Solutions’s payout ratio is currently 45.07%.

Analyst Ratings Changes

Several research analysts have commented on ZWS shares. Deutsche Bank Aktiengesellschaft lifted their price target on Zurn Elkay Water Solutions from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Stifel Nicolaus lifted their target price on shares of Zurn Elkay Water Solutions from $32.00 to $34.00 and gave the company a “hold” rating in a report on Thursday, July 18th. Finally, Oppenheimer reiterated an “outperform” rating and set a $37.00 price target on shares of Zurn Elkay Water Solutions in a research note on Thursday, September 12th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Zurn Elkay Water Solutions currently has an average rating of “Hold” and a consensus target price of $35.17.

Institutional Investors Weigh In On Zurn Elkay Water Solutions

A number of institutional investors have recently added to or reduced their stakes in the business. HighPoint Advisor Group LLC acquired a new position in shares of Zurn Elkay Water Solutions during the 4th quarter worth $5,213,000. Los Angeles Capital Management LLC purchased a new position in Zurn Elkay Water Solutions in the first quarter valued at about $1,004,000. Epoch Investment Partners Inc. purchased a new position in Zurn Elkay Water Solutions in the first quarter valued at about $7,674,000. UBS Group AG lifted its position in shares of Zurn Elkay Water Solutions by 37.5% during the 4th quarter. UBS Group AG now owns 217,525 shares of the company’s stock valued at $6,397,000 after acquiring an additional 59,278 shares during the period. Finally, Stifel Financial Corp boosted its stake in shares of Zurn Elkay Water Solutions by 3,236.0% during the 4th quarter. Stifel Financial Corp now owns 506,269 shares of the company’s stock worth $14,889,000 after acquiring an additional 491,093 shares in the last quarter. Hedge funds and other institutional investors own 83.33% of the company’s stock.

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.