Callan Family Office LLC Purchases New Holdings in Zurn Elkay Water Solutions Cor $ZWS

Callan Family Office LLC acquired a new position in Zurn Elkay Water Solutions Cor (NYSE:ZWS) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 13,147 shares of the company’s stock, valued at approximately $664,000.

Other institutional investors also recently modified their holdings of the company. Kilter Group LLC bought a new stake in shares of Zurn Elkay Water Solutions Cor during the second quarter valued at approximately $25,000. Advisory Services Network LLC bought a new position in Zurn Elkay Water Solutions Cor in the third quarter worth $25,000. Kemnay Advisory Services Inc. bought a new position in Zurn Elkay Water Solutions Cor in the fourth quarter worth $35,000. Hantz Financial Services Inc. boosted its stake in Zurn Elkay Water Solutions Cor by 138.9% during the fourth quarter. Hantz Financial Services Inc. now owns 805 shares of the company’s stock worth $37,000 after buying an additional 468 shares in the last quarter. Finally, Assetmark Inc. boosted its stake in Zurn Elkay Water Solutions Cor by 53.0% during the first quarter. Assetmark Inc. now owns 843 shares of the company’s stock worth $38,000 after buying an additional 292 shares in the last quarter. Institutional investors and hedge funds own 83.33% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on ZWS shares. Royal Bank Of Canada boosted their price target on shares of Zurn Elkay Water Solutions Cor from $56.00 to $58.00 and gave the company a “sector perform” rating in a report on Thursday, July 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Zurn Elkay Water Solutions Cor in a research report on Friday, July 24th. The Goldman Sachs Group reiterated a “neutral” rating and set a $55.00 target price on shares of Zurn Elkay Water Solutions Cor in a research report on Wednesday, July 29th. Zacks Research raised shares of Zurn Elkay Water Solutions Cor from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 31st. Finally, Stifel Nicolaus raised their price target on shares of Zurn Elkay Water Solutions Cor from $56.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $57.22.

Zurn Elkay Water Solutions Cor Stock Performance

Shares of NYSE:ZWS opened at $48.98 on Wednesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.05 and a quick ratio of 2.13. The business’s fifty day moving average price is $49.45 and its two-hundred day moving average price is $48.84. Zurn Elkay Water Solutions Cor has a fifty-two week low of $43.06 and a fifty-two week high of $55.00. The stock has a market capitalization of $8.12 billion, a price-to-earnings ratio of 30.24, a price-to-earnings-growth ratio of 1.86 and a beta of 1.04.

Zurn Elkay Water Solutions Cor (NYSE:ZWS) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. Zurn Elkay Water Solutions Cor had a return on equity of 18.01% and a net margin of 15.45%.The company had revenue of $491.00 million during the quarter, compared to analysts’ expectations of $483.04 million. During the same period last year, the business earned $0.42 earnings per share. The business’s revenue was up 10.5% on a year-over-year basis. As a group, analysts predict that Zurn Elkay Water Solutions Cor will post 1.82 EPS for the current fiscal year.

Zurn Elkay Water Solutions Cor Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Thursday, August 20th will be given a dividend of $0.11 per share. The ex-dividend date is Thursday, August 20th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.9%. Zurn Elkay Water Solutions Cor’s dividend payout ratio (DPR) is 27.16%.

Insider Activity

In other news, Director Jacques Donavon Butler purchased 2,016 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was purchased at an average cost of $49.60 per share, with a total value of $99,993.60. Following the acquisition, the director directly owned 37,487 shares of the company’s stock, valued at approximately $1,859,355.20. This trade represents a 5.68% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.40% of the stock is owned by company insiders.

Zurn Elkay Water Solutions Cor Profile

Zurn Elkay Water Solutions Corp, trading on the NYSE under the ticker ZWS, is a global provider of water delivery and plumbing products. The company was established in October 2022 through a spin-off from Rexnord Corp, creating a standalone business focused on designing, manufacturing and marketing water system components for residential, commercial and industrial customers.

Through its Zurn segment, the company offers solutions for water delivery, drainage and waste evacuation. Product lines include valves, hydrants, backflow prevention devices, piping systems, fittings and commercial waste stations.