Eagle Bay Advisors LLC Sells 688 Shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Eagle Bay Advisors LLC lessened its holdings in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS) by 15.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,823 shares of the company’s stock after selling 688 shares during the quarter. Eagle Bay Advisors LLC’s holdings in Zurn Elkay Water Solutions were worth $143,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quarry LP grew its stake in shares of Zurn Elkay Water Solutions by 178.7% in the second quarter. Quarry LP now owns 836 shares of the company’s stock worth $25,000 after acquiring an additional 536 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Zurn Elkay Water Solutions by 138.4% during the 4th 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. V Square Quantitative Management LLC purchased a new position in shares of Zurn Elkay Water Solutions during the 3rd quarter valued at about $36,000. Headlands Technologies LLC purchased a new position in Zurn Elkay Water Solutions in the 2nd quarter worth approximately $88,000. Finally, KBC Group NV lifted its holdings in Zurn Elkay Water Solutions by 20.9% in the 3rd quarter. KBC Group NV now owns 3,978 shares of the company’s stock worth $143,000 after purchasing an additional 688 shares in the last quarter. Institutional investors own 83.33% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on ZWS shares. Robert W. Baird boosted their price target on Zurn Elkay Water Solutions from $37.00 to $39.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Mizuho lifted their price objective on Zurn Elkay Water Solutions from $34.00 to $37.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Stifel Nicolaus boosted their target price on Zurn Elkay Water Solutions from $36.00 to $38.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th. Finally, Oppenheimer boosted their target price on Zurn Elkay Water Solutions from $37.00 to $40.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $38.50.

Insider Buying and Selling

In related news, CEO Todd A. Adams sold 120,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $39.83, for a total transaction of $4,779,600.00. Following the transaction, the chief executive officer now directly owns 2,242,867 shares of the company’s stock, valued at $89,333,392.61. This represents a 5.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Jeffrey J. Lavalle sold 3,132 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $39.15, for a total value of $122,617.80. Following the completion of the transaction, the vice president now directly owns 35,422 shares in the company, valued at $1,386,771.30. This represents a 8.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 147,202 shares of company stock worth $5,813,358 in the last three months. 3.80% of the stock is owned by insiders.

Zurn Elkay Water Solutions Trading Up 0.7 %

ZWS traded up $0.24 during trading hours on Monday, reaching $36.44. 212,012 shares of the company’s stock traded hands, compared to its average volume of 715,647. Zurn Elkay Water Solutions Co. has a 52-week low of $27.90 and a 52-week high of $41.15. The firm has a market capitalization of $6.18 billion, a PE ratio of 46.13, a PEG ratio of 2.02 and a beta of 1.15. The firm has a 50-day moving average price of $38.76 and a 200 day moving average price of $34.91. The company has a quick ratio of 1.71, a current ratio of 2.70 and a debt-to-equity ratio of 0.31.

Zurn Elkay Water Solutions (NYSE:ZWS) last issued its earnings results on Tuesday, October 29th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.02. Zurn Elkay Water Solutions had a return on equity of 13.30% and a net margin of 8.87%. The business had revenue of $410.00 million during the quarter, compared to analysts’ expectations of $406.15 million. During the same period in the prior year, the business earned $0.29 EPS. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. As a group, sell-side analysts predict that Zurn Elkay Water Solutions Co. will post 1.24 EPS for the current fiscal year.

Zurn Elkay Water Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Wednesday, November 20th were paid a dividend of $0.09 per share. This is a boost from Zurn Elkay Water Solutions’s previous quarterly dividend of $0.08. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date was Wednesday, November 20th. Zurn Elkay Water Solutions’s dividend payout ratio is 45.57%.

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.