Insider Selling: Zurn Elkay Water Solutions Co. (NYSE:ZWS) Director Sells $10,362.00 in Stock

Zurn Elkay Water Solutions Co. (NYSE:ZWS) Director Timothy J. Jahnke sold 314 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $33.00, for a total transaction of $10,362.00. Following the sale, the director now directly owns 593,485 shares of the company’s stock, valued at approximately $19,585,005. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Zurn Elkay Water Solutions Stock Performance

Shares of ZWS stock opened at $31.95 on Monday. The stock has a market cap of $5.52 billion, a P/E ratio of 45.00, a P/E/G ratio of 1.66 and a beta of 1.21. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.31 and a quick ratio of 1.95. The company has a fifty day moving average price of $32.20 and a two-hundred day moving average price of $30.84. Zurn Elkay Water Solutions Co. has a one year low of $21.84 and a one year high of $34.58.

Zurn Elkay Water Solutions (NYSE:ZWS) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.03. The firm had revenue of $374.00 million during the quarter, compared to analysts’ expectations of $369.43 million. Zurn Elkay Water Solutions had a net margin of 8.11% and a return on equity of 11.85%. The company’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter last year, the company posted $0.18 earnings per share. As a group, equities analysts predict that Zurn Elkay Water Solutions Co. will post 1.18 EPS for the current year.

Zurn Elkay Water Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Monday, May 20th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Friday, May 17th. Zurn Elkay Water Solutions’s dividend payout ratio is presently 45.07%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on ZWS shares. Oppenheimer increased their price objective on shares of Zurn Elkay Water Solutions from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday, April 12th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Zurn Elkay Water Solutions from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. BNP Paribas assumed coverage on shares of Zurn Elkay Water Solutions in a research report on Tuesday, March 12th. They issued an “outperform” rating and a $40.00 target price for the company. Finally, Mizuho downgraded shares of Zurn Elkay Water Solutions from a “buy” rating to a “neutral” rating and set a $34.00 target price for the company. in a research report on Friday, February 9th. Five equities 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, the stock has an average rating of “Hold” and a consensus target price of $33.50.

Institutional Trading of Zurn Elkay Water Solutions

Hedge funds have recently modified their holdings of the stock. Principal Securities Inc. acquired a new stake in shares of Zurn Elkay Water Solutions during the 4th quarter worth about $34,000. Benjamin Edwards Inc. acquired a new stake in shares of Zurn Elkay Water Solutions during the 4th quarter worth about $42,000. EntryPoint Capital LLC lifted its stake in shares of Zurn Elkay Water Solutions by 649.1% during the 1st quarter. EntryPoint Capital LLC now owns 1,603 shares of the company’s stock worth $54,000 after buying an additional 1,389 shares during the last quarter. Kapitalo Investimentos Ltda acquired a new stake in shares of Zurn Elkay Water Solutions during the 4th quarter worth about $76,000. Finally, Assetmark Inc. lifted its stake in shares of Zurn Elkay Water Solutions by 32.9% during the 4th quarter. Assetmark Inc. now owns 2,898 shares of the company’s stock worth $85,000 after buying an additional 718 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.