AlphaMark Advisors LLC Takes Position in Zurn Elkay Water Solutions Co. (NYSE:ZWS)

AlphaMark Advisors LLC acquired a new stake in Zurn Elkay Water Solutions Co. (NYSE:ZWS) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 10,354 shares of the company’s stock, valued at approximately $347,000.

Several other hedge funds also recently bought and sold shares of the company. Cannon Global Investment Management LLC purchased a new stake in shares of Zurn Elkay Water Solutions in the 1st quarter valued at about $341,000. Thrive Wealth Management LLC purchased a new stake in Zurn Elkay Water Solutions in the first quarter valued at approximately $231,000. Perpetual Ltd raised its stake in Zurn Elkay Water Solutions by 9.5% in the first quarter. Perpetual Ltd now owns 168,916 shares of the company’s stock valued at $5,654,000 after purchasing an additional 14,701 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in Zurn Elkay Water Solutions during the first quarter valued at approximately $1,004,000. Finally, Kapitalo Investimentos Ltda purchased a new position in Zurn Elkay Water Solutions in the 4th quarter worth approximately $76,000. Hedge funds and other institutional investors own 83.33% of the company’s stock.

Zurn Elkay Water Solutions Stock Performance

NYSE ZWS opened at $30.19 on Tuesday. The company has a 50-day simple moving average of $31.32 and a two-hundred day simple moving average of $31.01. Zurn Elkay Water Solutions Co. has a 12-month low of $25.09 and a 12-month high of $34.58. The firm has a market cap of $5.21 billion, a price-to-earnings ratio of 40.51, a PEG ratio of 1.53 and a beta of 1.16. The company has a quick ratio of 1.95, a current ratio of 3.31 and a debt-to-equity ratio of 0.31.

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

Zurn Elkay Water Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Monday, May 20th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend was Friday, May 17th. Zurn Elkay Water Solutions’s dividend payout ratio is 45.07%.

Insider Buying and Selling

In other Zurn Elkay Water Solutions news, major shareholder Ice Mountain Llc sold 36,938 shares of the firm’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $30.44, for a total value of $1,124,392.72. Following the sale, the insider now owns 23,682,793 shares of the company’s stock, valued at approximately $720,904,218.92. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Zurn Elkay Water Solutions news, major shareholder Ice Mountain Llc sold 36,938 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $30.44, for a total transaction of $1,124,392.72. Following the completion of the transaction, the insider now owns 23,682,793 shares of the company’s stock, valued at approximately $720,904,218.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas Christopoul sold 10,495 shares of Zurn Elkay Water Solutions stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $32.11, for a total value of $336,994.45. Following the completion of the sale, the director now owns 104,844 shares in the company, valued at $3,366,540.84. The disclosure for this sale can be found here. Insiders have sold a total of 641,465 shares of company stock valued at $20,532,684 over the last three months. 3.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on ZWS shares. 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 on the stock in a research report on Thursday, April 25th. BNP Paribas assumed coverage on Zurn Elkay Water Solutions in a research report on Tuesday, March 12th. They set an “outperform” rating and a $40.00 price target on the stock. Finally, Oppenheimer upped their price objective on Zurn Elkay Water Solutions from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, April 12th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $33.50.

Zurn Elkay Water Solutions 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.