Williamson Legacy Group LLC Cuts Stake in Zurn Elkay Water Solutions Cor $ZWS

Williamson Legacy Group LLC lowered its position in Zurn Elkay Water Solutions Cor (NYSE:ZWS) by 75.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,614 shares of the company’s stock after selling 17,548 shares during the quarter. Williamson Legacy Group LLC’s holdings in Zurn Elkay Water Solutions Cor were worth $261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in ZWS. Advisory Services Network LLC purchased a new stake in shares of Zurn Elkay Water Solutions Cor during the third quarter valued at approximately $25,000. V Square Quantitative Management LLC purchased a new stake in shares of Zurn Elkay Water Solutions Cor during the fourth quarter valued at approximately $26,000. Fifth Third Bancorp boosted its stake in shares of Zurn Elkay Water Solutions Cor by 49.7% during the third quarter. Fifth Third Bancorp now owns 771 shares of the company’s stock valued at $36,000 after purchasing an additional 256 shares during the period. Hantz Financial Services Inc. boosted its stake in shares of Zurn Elkay Water Solutions Cor by 138.9% during the fourth quarter. Hantz Financial Services Inc. now owns 805 shares of the company’s stock valued at $37,000 after purchasing an additional 468 shares during the period. Finally, Covestor Ltd boosted its stake in shares of Zurn Elkay Water Solutions Cor by 180.3% during the third quarter. Covestor Ltd now owns 967 shares of the company’s stock valued at $46,000 after purchasing an additional 622 shares during the period. Hedge funds and other institutional investors own 83.33% of the company’s stock.

Zurn Elkay Water Solutions Cor Price Performance

Shares of Zurn Elkay Water Solutions Cor stock opened at $48.80 on Wednesday. The business has a 50 day moving average of $47.89 and a 200 day moving average of $47.90. The company has a quick ratio of 2.11, a current ratio of 3.24 and a debt-to-equity ratio of 0.31. The company has a market cap of $8.14 billion, a PE ratio of 39.35, a P/E/G ratio of 1.90 and a beta of 1.11. Zurn Elkay Water Solutions Cor has a 52 week low of $35.06 and a 52 week high of $53.76.

Zurn Elkay Water Solutions Cor (NYSE:ZWS) last posted its quarterly earnings data on Tuesday, April 21st. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.04. The business had revenue of $433.00 million during the quarter, compared to the consensus estimate of $418.99 million. Zurn Elkay Water Solutions Cor had a return on equity of 17.40% and a net margin of 12.26%.The firm’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.31 earnings per share. As a group, equities research analysts forecast that Zurn Elkay Water Solutions Cor will post 1.75 earnings per share for the current year.

Zurn Elkay Water Solutions Cor Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Wednesday, May 20th will be issued a $0.11 dividend. The ex-dividend date is Wednesday, May 20th. This represents a $0.44 dividend on an annualized basis and a yield of 0.9%. Zurn Elkay Water Solutions Cor’s dividend payout ratio is 35.48%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on ZWS shares. Oppenheimer reissued an “outperform” rating and set a $58.00 price objective on shares of Zurn Elkay Water Solutions Cor in a research note on Thursday, April 23rd. Royal Bank Of Canada increased their price objective on Zurn Elkay Water Solutions Cor from $49.00 to $56.00 and gave the company a “sector perform” rating in a research note on Thursday, April 23rd. The Goldman Sachs Group reissued a “neutral” rating and set a $50.00 price objective on shares of Zurn Elkay Water Solutions Cor in a research note on Thursday, February 5th. Weiss Ratings raised Zurn Elkay Water Solutions Cor from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 29th. Finally, Stifel Nicolaus increased their price objective on Zurn Elkay Water Solutions Cor from $53.00 to $59.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $54.88.

Zurn Elkay Water Solutions Cor Company Profile

Zurn Elkay Water Solutions Corp, trading on the NYSE under the ticker ZWS, is a global provider of water delivery and plumbing products. The company was established in October 2022 through a spin-off from Rexnord Corp, creating a standalone business focused on designing, manufacturing and marketing water system components for residential, commercial and industrial customers.

Through its Zurn segment, the company offers solutions for water delivery, drainage and waste evacuation. Product lines include valves, hydrants, backflow prevention devices, piping systems, fittings and commercial waste stations.