Wealth Alliance Purchases New Shares in Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Wealth Alliance purchased a new stake in Zurn Elkay Water Solutions Co. (NYSE:ZWS) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 7,765 shares of the company’s stock, valued at approximately $228,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. IFP Advisors Inc grew its stake in Zurn Elkay Water Solutions by 50.0% in the 2nd quarter. IFP Advisors Inc now owns 1,500 shares of the company’s stock valued at $40,000 after acquiring an additional 500 shares during the period. Gabelli Funds LLC grew its stake in Zurn Elkay Water Solutions by 1.5% in the 4th quarter. Gabelli Funds LLC now owns 33,600 shares of the company’s stock valued at $711,000 after acquiring an additional 500 shares during the period. FMR LLC grew its stake in Zurn Elkay Water Solutions by 7.3% in the 3rd quarter. FMR LLC now owns 8,153 shares of the company’s stock valued at $228,000 after acquiring an additional 558 shares during the period. Moneta Group Investment Advisors LLC boosted its stake in Zurn Elkay Water Solutions by 3.5% during the 1st quarter. Moneta Group Investment Advisors LLC now owns 19,623 shares of the company’s stock worth $419,000 after purchasing an additional 660 shares during the last quarter. Finally, Fiera Capital Corp boosted its stake in Zurn Elkay Water Solutions by 0.7% during the 3rd quarter. Fiera Capital Corp now owns 119,908 shares of the company’s stock worth $3,360,000 after purchasing an additional 781 shares during the last quarter. Institutional investors and hedge funds own 83.33% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Oppenheimer lifted their target price on shares of 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. BNP Paribas assumed coverage on shares of Zurn Elkay Water Solutions in a research note on Tuesday, March 12th. They set an “outperform” rating and a $40.00 target price on the stock. Finally, Mizuho cut shares of Zurn Elkay Water Solutions from a “buy” rating to a “neutral” rating and set a $34.00 target price on the stock. in a research note on Friday, February 9th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $32.75.

Insider Activity at Zurn Elkay Water Solutions

In related news, insider Michael Troutman sold 897 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $30.70, for a total value of $27,537.90. Following the sale, the insider now directly owns 43,026 shares in the company, valued at approximately $1,320,898.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Michael Troutman sold 897 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $30.70, for a total value of $27,537.90. Following the sale, the insider now directly owns 43,026 shares in the company, valued at approximately $1,320,898.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Mark W. Peterson sold 70,000 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $32.88, for a total transaction of $2,301,600.00. Following the completion of the sale, the chief financial officer now owns 302,299 shares in the company, valued at $9,939,591.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 448,234 shares of company stock worth $14,573,307. Company insiders own 3.80% of the company’s stock.

Zurn Elkay Water Solutions Stock Up 0.3 %

NYSE ZWS opened at $31.69 on Friday. Zurn Elkay Water Solutions Co. has a 52 week low of $20.06 and a 52 week high of $34.58. The company has a quick ratio of 1.77, a current ratio of 3.02 and a debt-to-equity ratio of 0.31. The business’s fifty day simple moving average is $31.90 and its 200-day simple moving average is $29.84. The firm has a market cap of $5.49 billion, a PE ratio of 48.75, a P/E/G ratio of 1.76 and a beta of 1.22.

Zurn Elkay Water Solutions (NYSE:ZWS) last posted its quarterly earnings results on Monday, February 5th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.23 by $0.03. Zurn Elkay Water Solutions had a return on equity of 10.75% and a net margin of 7.36%. The business had revenue of $356.80 million for the quarter, compared to analyst estimates of $350.55 million. During the same quarter in the previous year, the firm earned $0.16 EPS. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. As a group, equities analysts anticipate that Zurn Elkay Water Solutions Co. will post 1.15 earnings per share for the current year.

Zurn Elkay Water Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Tuesday, February 20th were issued a $0.08 dividend. The ex-dividend date was Friday, February 16th. This represents a $0.32 annualized dividend and a yield of 1.01%. Zurn Elkay Water Solutions’s dividend payout ratio (DPR) is currently 49.23%.

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.