Yousif Capital Management LLC Sells 1,408 Shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Yousif Capital Management LLC decreased its holdings in Zurn Elkay Water Solutions Co. (NYSE:ZWSFree Report) by 2.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 54,347 shares of the company’s stock after selling 1,408 shares during the quarter. Yousif Capital Management LLC’s holdings in Zurn Elkay Water Solutions were worth $2,027,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC increased its position in shares of Zurn Elkay Water Solutions by 138.4% in the fourth quarter. GAMMA Investing LLC now owns 937 shares of the company’s stock worth $35,000 after purchasing an additional 544 shares during the period. V Square Quantitative Management LLC bought a new position in Zurn Elkay Water Solutions in the 3rd quarter valued at about $36,000. Tsfg LLC bought a new position in Zurn Elkay Water Solutions in the 4th quarter valued at about $56,000. KBC Group NV raised its position in shares of Zurn Elkay Water Solutions by 20.9% in the 3rd quarter. KBC Group NV now owns 3,978 shares of the company’s stock valued at $143,000 after buying an additional 688 shares in the last quarter. Finally, Millburn Ridgefield Corp lifted its holdings in shares of Zurn Elkay Water Solutions by 1,152.5% during the 3rd quarter. Millburn Ridgefield Corp now owns 5,173 shares of the company’s stock worth $186,000 after acquiring an additional 4,760 shares during the period. Institutional investors own 83.33% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on ZWS. Robert W. Baird boosted their price objective on shares of Zurn Elkay Water Solutions from $37.00 to $39.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Stifel Nicolaus boosted their price target on Zurn Elkay Water Solutions from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Friday, January 24th. Mizuho upped their price objective on Zurn Elkay Water Solutions from $34.00 to $37.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Finally, Oppenheimer lifted 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 equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $38.67.

Get Our Latest Analysis on ZWS

Zurn Elkay Water Solutions Stock Down 0.5 %

Shares of ZWS opened at $37.99 on Tuesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.71 and a current ratio of 2.70. Zurn Elkay Water Solutions Co. has a 52 week low of $28.25 and a 52 week high of $41.15. The stock has a market capitalization of $6.45 billion, a price-to-earnings ratio of 41.29, a PEG ratio of 1.78 and a beta of 1.15. The stock has a fifty day moving average of $38.46 and a 200-day moving average of $36.10.

Zurn Elkay Water Solutions (NYSE:ZWSGet Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.28 by $0.04. Zurn Elkay Water Solutions had a return on equity of 14.01% and a net margin of 10.23%. As a group, sell-side analysts anticipate that Zurn Elkay Water Solutions Co. will post 1.35 earnings per share for the current fiscal year.

Zurn Elkay Water Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Thursday, February 20th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Thursday, February 20th. Zurn Elkay Water Solutions’s payout ratio is 39.13%.

Zurn Elkay Water Solutions Company Profile

(Free Report)

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.

Featured Stories

Institutional Ownership by Quarter for Zurn Elkay Water Solutions (NYSE:ZWS)

Receive News & Ratings for Zurn Elkay Water Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zurn Elkay Water Solutions and related companies with MarketBeat.com's FREE daily email newsletter.