Zurn Elkay Water Solutions (ZWS) Scheduled to Post Earnings on Tuesday

Zurn Elkay Water Solutions (NYSE:ZWS) is set to release its earnings data after the market closes on Tuesday, July 30th. Analysts expect Zurn Elkay Water Solutions to post earnings of $0.31 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Zurn Elkay Water Solutions Trading Up 2.7 %

NYSE:ZWS opened at $32.40 on Monday. The stock’s 50 day moving average price is $30.61 and its 200 day moving average price is $31.17. The company has a market capitalization of $5.60 billion, a PE ratio of 45.63, a P/E/G ratio of 1.79 and a beta of 1.16. The company has a quick ratio of 1.95, a current ratio of 3.31 and a debt-to-equity ratio of 0.31. Zurn Elkay Water Solutions has a 52-week low of $25.09 and a 52-week high of $34.58.

Zurn Elkay Water Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Tuesday, August 20th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, August 20th. This represents a $0.32 dividend on an annualized basis and a yield of 0.99%. Zurn Elkay Water Solutions’s dividend payout ratio is presently 45.07%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ZWS. Deutsche Bank Aktiengesellschaft dropped their price target on Zurn Elkay Water Solutions from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Oppenheimer raised their price target on Zurn Elkay Water Solutions from $36.00 to $37.00 and gave the stock an “outperform” rating in a research note on Friday, April 12th. Finally, Stifel Nicolaus lifted their target price on Zurn Elkay Water Solutions from $32.00 to $34.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Zurn Elkay Water Solutions currently has an average rating of “Hold” and a consensus price target of $35.00.

Insider Buying and Selling at Zurn Elkay Water Solutions

In related news, major shareholder Aimee Katz sold 100,000 shares of Zurn Elkay Water Solutions stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $29.04, for a total value of $2,904,000.00. Following the sale, the insider now directly owns 23,574,164 shares in the company, valued at $684,593,722.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, major shareholder Aimee Katz sold 100,000 shares of Zurn Elkay Water Solutions stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $29.04, for a total value of $2,904,000.00. Following the sale, the insider now directly owns 23,574,164 shares in the company, valued at $684,593,722.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Thomas Christopoul sold 10,495 shares of Zurn Elkay Water Solutions stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $32.11, for a total value of $336,994.45. Following the completion of the sale, 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. In the last ninety days, insiders have sold 251,442 shares of company stock worth $7,716,844. 3.80% of the stock is currently owned by insiders.

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.