Zurn Elkay Water Solutions Co. (NYSE:ZWS) Director Timothy J. Jahnke Sells 15,600 Shares

Zurn Elkay Water Solutions Co. (NYSE:ZWS) Director Timothy J. Jahnke sold 15,600 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $33.03, for a total value of $515,268.00. Following the sale, the director now owns 385,017 shares in the company, valued at approximately $12,717,111.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Zurn Elkay Water Solutions Stock Down 1.9 %

ZWS stock opened at $32.10 on Thursday. Zurn Elkay Water Solutions Co. has a 1-year low of $25.09 and a 1-year high of $34.58. The firm has a market capitalization of $5.49 billion, a PE ratio of 45.21, a PEG ratio of 1.60 and a beta of 1.14. The business’s 50 day simple moving average is $31.04 and its 200 day simple moving average is $31.37. The company has a current ratio of 2.84, a quick ratio of 1.75 and a debt-to-equity ratio of 0.31.

Zurn Elkay Water Solutions (NYSE:ZWS) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. The business had revenue of $412.00 million for the quarter, compared to analyst estimates of $409.14 million. Zurn Elkay Water Solutions had a net margin of 8.80% and a return on equity of 12.82%. Zurn Elkay Water Solutions’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.24 EPS. As a group, research analysts anticipate that Zurn Elkay Water Solutions Co. will post 1.21 EPS for the current year.

Zurn Elkay Water Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, August 20th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.00%. Zurn Elkay Water Solutions’s dividend payout ratio (DPR) is currently 45.07%.

Institutional Trading of Zurn Elkay Water Solutions

Institutional investors have recently added to or reduced their stakes in the company. Tortoise Investment Management LLC lifted its holdings in shares of Zurn Elkay Water Solutions by 76.7% during the second quarter. Tortoise Investment Management LLC now owns 859 shares of the company’s stock worth $25,000 after buying an additional 373 shares in the last quarter. Quarry LP increased its position in Zurn Elkay Water Solutions by 178.7% during 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 period. International Assets Investment Management LLC acquired a new stake in Zurn Elkay Water Solutions in the 2nd quarter worth about $29,000. Principal Securities Inc. acquired a new stake in Zurn Elkay Water Solutions in the 4th quarter worth about $34,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in Zurn Elkay Water Solutions by 732.4% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,440 shares of the company’s stock valued at $42,000 after purchasing an additional 1,267 shares during the period. 83.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft upped their price objective on Zurn Elkay Water Solutions from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Stifel Nicolaus upped their price target on shares of Zurn Elkay Water Solutions from $32.00 to $34.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $35.17.

About Zurn Elkay Water Solutions

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.