Zurn Elkay Water Solutions Co. (NYSE:ZWS) CFO Sells $297,593.30 in Stock

Zurn Elkay Water Solutions Co. (NYSE:ZWS) CFO David J. Pauli sold 8,390 shares of Zurn Elkay Water Solutions stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $35.47, for a total transaction of $297,593.30. Following the transaction, the chief financial officer now directly owns 59,410 shares of the company’s stock, valued at approximately $2,107,272.70. This trade represents a 12.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Zurn Elkay Water Solutions Stock Performance

ZWS opened at $35.71 on Thursday. The company has a market cap of $6.07 billion, a price-to-earnings ratio of 38.82, a PEG ratio of 2.01 and a beta of 1.15. The firm’s fifty day simple moving average is $37.76 and its two-hundred day simple moving average is $36.31. The company has a quick ratio of 1.81, a current ratio of 2.91 and a debt-to-equity ratio of 0.31. Zurn Elkay Water Solutions Co. has a 52-week low of $28.25 and a 52-week high of $41.15.

Zurn Elkay Water Solutions (NYSE:ZWS) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.04. Zurn Elkay Water Solutions had a return on equity of 14.03% and a net margin of 10.23%. Equities analysts anticipate that Zurn Elkay Water Solutions Co. will post 1.36 earnings per share for the current fiscal year.

Zurn Elkay Water Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Thursday, February 20th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Thursday, February 20th. Zurn Elkay Water Solutions’s payout ratio is 39.13%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Creative Planning raised its position in shares of Zurn Elkay Water Solutions by 95.7% in the third quarter. Creative Planning now owns 29,553 shares of the company’s stock valued at $1,062,000 after buying an additional 14,452 shares during the last quarter. Bleakley Financial Group LLC raised its holdings in Zurn Elkay Water Solutions by 1.3% in the 3rd quarter. Bleakley Financial Group LLC now owns 20,871 shares of the company’s stock valued at $750,000 after acquiring an additional 269 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in Zurn Elkay Water Solutions in the 3rd quarter worth approximately $36,000. Raymond James & Associates boosted its holdings in shares of Zurn Elkay Water Solutions by 4.5% during the 3rd quarter. Raymond James & Associates now owns 1,433,580 shares of the company’s stock worth $51,523,000 after purchasing an additional 61,748 shares during the last quarter. Finally, Everence Capital Management Inc. purchased a new stake in shares of Zurn Elkay Water Solutions in the third quarter valued at approximately $307,000. Hedge funds and other institutional investors own 83.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on ZWS shares. Stifel Nicolaus raised their price target on shares of Zurn Elkay Water Solutions from $38.00 to $39.00 and gave the company a “hold” rating in a research report on Friday, January 24th. Robert W. Baird raised their target price on 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. Finally, Mizuho upped their price target on Zurn Elkay Water Solutions from $34.00 to $37.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Three 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, Zurn Elkay Water Solutions currently has an average rating of “Moderate Buy” and an average target price of $38.67.

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.