Xponance Inc. Buys 2,146 Shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Xponance Inc. lifted its position in Zurn Elkay Water Solutions Co. (NYSE:ZWS) by 22.8% during the 4th quarter, Holdings Channel reports. The firm owned 11,547 shares of the company’s stock after buying an additional 2,146 shares during the quarter. Xponance Inc.’s holdings in Zurn Elkay Water Solutions were worth $431,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC boosted its position in Zurn Elkay Water Solutions by 138.4% in the fourth quarter. GAMMA Investing LLC now owns 937 shares of the company’s stock valued at $35,000 after buying an additional 544 shares in the last quarter. Atala Financial Inc bought a new stake in Zurn Elkay Water Solutions during the 4th quarter worth approximately $44,000. Tsfg LLC acquired a new stake in Zurn Elkay Water Solutions during the 4th quarter valued at $56,000. Tortoise Investment Management LLC raised its position in Zurn Elkay Water Solutions by 77.4% in the 4th quarter. Tortoise Investment Management LLC now owns 1,731 shares of the company’s stock valued at $65,000 after purchasing an additional 755 shares during the last quarter. Finally, Millburn Ridgefield Corp boosted its stake in Zurn Elkay Water Solutions by 1,152.5% in the third quarter. Millburn Ridgefield Corp now owns 5,173 shares of the company’s stock worth $186,000 after purchasing an additional 4,760 shares in the last quarter. Institutional investors and hedge funds own 83.33% of the company’s stock.

Zurn Elkay Water Solutions Stock Performance

ZWS stock opened at $34.01 on Thursday. The stock has a market capitalization of $5.74 billion, a PE ratio of 36.97, a price-to-earnings-growth ratio of 2.01 and a beta of 1.16. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.91 and a quick ratio of 1.81. The company has a 50 day moving average price of $36.08 and a 200 day moving average price of $36.86. Zurn Elkay Water Solutions Co. has a fifty-two week low of $28.25 and a fifty-two week high of $41.15.

Zurn Elkay Water Solutions (NYSE:ZWS) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.04. Zurn Elkay Water Solutions had a return on equity of 14.03% and a net margin of 10.23%. Analysts forecast that Zurn Elkay Water Solutions Co. will post 1.36 EPS for the current year.

Zurn Elkay Water Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Thursday, February 20th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend was Thursday, February 20th. Zurn Elkay Water Solutions’s dividend payout ratio is 39.13%.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus lifted their price target on Zurn Elkay Water Solutions from $38.00 to $39.00 and gave the company a “hold” rating in a report on Friday, January 24th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Zurn Elkay Water Solutions has a consensus rating of “Hold” and a consensus price target of $38.40.

Insider Buying and Selling

In related news, major shareholder Aimee Katz sold 8,912,500 shares of Zurn Elkay Water Solutions stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $33.60, for a total transaction of $299,460,000.00. Following the completion of the sale, the insider now directly owns 15,002,819 shares of the company’s stock, valued at $504,094,718.40. The trade was a 37.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO David J. Pauli sold 8,390 shares of the stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $35.47, for a total value of $297,593.30. Following the completion of the transaction, the chief financial officer now directly owns 59,410 shares in the company, valued at $2,107,272.70. The trade was a 12.37 % decrease in their position. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by insiders.

Zurn Elkay Water Solutions 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.