Timothy J. Jahnke Sells 20,000 Shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS) Stock

Zurn Elkay Water Solutions Co. (NYSE:ZWS) Director Timothy J. Jahnke sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $37.59, for a total value of $751,800.00. Following the completion of the sale, the director now directly owns 345,017 shares of the company’s stock, valued at approximately $12,969,189.03. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Zurn Elkay Water Solutions Stock Up 0.3 %

NYSE ZWS opened at $37.40 on Friday. The company has a market cap of $6.46 billion, a price-to-earnings ratio of 52.68, a PEG ratio of 1.98 and a beta of 1.14. Zurn Elkay Water Solutions Co. has a 1-year low of $25.09 and a 1-year high of $38.11. The company has a current ratio of 2.84, a quick ratio of 1.75 and a debt-to-equity ratio of 0.31. The company has a 50 day moving average of $33.63 and a 200-day moving average of $32.02.

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

Zurn Elkay Water Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, August 20th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend was Tuesday, August 20th. Zurn Elkay Water Solutions’s payout ratio is presently 45.07%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Oppenheimer reiterated an “outperform” rating and issued a $37.00 price objective on shares of Zurn Elkay Water Solutions in a report on Thursday, September 12th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of 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. Finally, Stifel Nicolaus upped their target price on Zurn Elkay Water Solutions from $34.00 to $36.00 and gave the company a “hold” rating in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $36.80.

Institutional Trading of Zurn Elkay Water Solutions

Several large investors have recently made changes to their positions in ZWS. Quarry LP raised its position in Zurn Elkay Water Solutions by 178.7% during the second quarter. Quarry LP now owns 836 shares of the company’s stock valued at $25,000 after purchasing an additional 536 shares in the last quarter. Tortoise Investment Management LLC raised its holdings in shares of Zurn Elkay Water Solutions by 76.7% during the 2nd quarter. Tortoise Investment Management LLC now owns 859 shares of the company’s stock worth $25,000 after buying an additional 373 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of Zurn Elkay Water Solutions during the 2nd quarter worth $29,000. V Square Quantitative Management LLC acquired a new stake in Zurn Elkay Water Solutions in the third quarter valued at about $36,000. Finally, Whittier Trust Co. of Nevada Inc. grew its position in Zurn Elkay Water Solutions by 732.4% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,440 shares of the company’s stock valued at $42,000 after acquiring an additional 1,267 shares during the last quarter. Institutional investors and hedge funds 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.