Brokerages Set Zurn Elkay Water Solutions Co. (NYSE:ZWS) Price Target at $38.67

Shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS) have been given an average recommendation of “Moderate Buy” by the six ratings firms that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $38.67.

Several equities research analysts recently weighed in on the company. Mizuho lifted their price target on Zurn Elkay Water Solutions from $34.00 to $37.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Robert W. Baird increased their price target on shares of Zurn Elkay Water Solutions from $37.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Oppenheimer increased their price objective 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. Finally, Stifel Nicolaus boosted their target price on Zurn Elkay Water Solutions from $38.00 to $39.00 and gave the stock a “hold” rating in a research report on Friday, January 24th.

Institutional Investors Weigh In On Zurn Elkay Water Solutions

A number of large investors have recently made changes to their positions in ZWS. Quarry LP lifted its position in shares of Zurn Elkay Water Solutions by 178.7% during the 2nd quarter. Quarry LP now owns 836 shares of the company’s stock valued at $25,000 after buying an additional 536 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Zurn Elkay Water Solutions by 138.4% in the 4th quarter. GAMMA Investing LLC now owns 937 shares of the company’s stock valued at $35,000 after buying an additional 544 shares during the period. V Square Quantitative Management LLC purchased a new stake in Zurn Elkay Water Solutions during the third quarter worth approximately $36,000. Tsfg LLC purchased a new position in shares of Zurn Elkay Water Solutions during the fourth quarter worth about $56,000. Finally, Tortoise Investment Management LLC grew its position in Zurn Elkay Water Solutions by 77.4% during the 4th quarter. Tortoise Investment Management LLC now owns 1,731 shares of the company’s stock worth $65,000 after purchasing an additional 755 shares during the last quarter. 83.33% of the stock is owned by hedge funds and other institutional investors.

Zurn Elkay Water Solutions Trading Down 0.3 %

Shares of ZWS opened at $38.19 on Monday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.70 and a quick ratio of 1.71. Zurn Elkay Water Solutions has a 1-year low of $28.25 and a 1-year high of $41.15. The company has a market capitalization of $6.48 billion, a P/E ratio of 48.34, a P/E/G ratio of 1.83 and a beta of 1.15. The firm’s 50 day simple moving average is $38.49 and its 200 day simple moving average is $35.98.

Zurn Elkay Water Solutions (NYSE:ZWS) last issued its earnings results on Tuesday, February 4th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.28 by $0.04. Zurn Elkay Water Solutions had a net margin of 8.87% and a return on equity of 13.30%. Sell-side analysts forecast that Zurn Elkay Water Solutions will post 1.24 earnings per share for the current fiscal year.

Zurn Elkay Water Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Thursday, February 20th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $0.36 annualized dividend and a yield of 0.94%. Zurn Elkay Water Solutions’s dividend payout ratio (DPR) is presently 45.57%.

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.