One Capital Management LLC Has $1.80 Million Holdings in Zurn Elkay Water Solutions Cor $ZWS

One Capital Management LLC increased its holdings in Zurn Elkay Water Solutions Cor (NYSE:ZWS) by 42.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,645 shares of the company’s stock after acquiring an additional 11,467 shares during the period. One Capital Management LLC’s holdings in Zurn Elkay Water Solutions Cor were worth $1,797,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Fifth Third Bancorp raised its holdings in shares of Zurn Elkay Water Solutions Cor by 49.7% in the 3rd quarter. Fifth Third Bancorp now owns 771 shares of the company’s stock worth $36,000 after acquiring an additional 256 shares during the last quarter. Osaic Holdings Inc. raised its holdings in shares of Zurn Elkay Water Solutions Cor by 15.6% in the 2nd quarter. Osaic Holdings Inc. now owns 2,531 shares of the company’s stock worth $91,000 after acquiring an additional 341 shares during the last quarter. California State Teachers Retirement System raised its holdings in shares of Zurn Elkay Water Solutions Cor by 0.3% in the 2nd quarter. California State Teachers Retirement System now owns 134,647 shares of the company’s stock worth $4,924,000 after acquiring an additional 353 shares during the last quarter. Thrive Wealth Management LLC raised its holdings in shares of Zurn Elkay Water Solutions Cor by 4.4% in the 4th quarter. Thrive Wealth Management LLC now owns 9,094 shares of the company’s stock worth $423,000 after acquiring an additional 381 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its holdings in shares of Zurn Elkay Water Solutions Cor by 1.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 34,025 shares of the company’s stock worth $1,582,000 after acquiring an additional 400 shares during the last quarter. Institutional investors and hedge funds own 83.33% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ZWS shares. Weiss Ratings upgraded shares of Zurn Elkay Water Solutions Cor from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. Oppenheimer restated an “outperform” rating and issued a $58.00 target price on shares of Zurn Elkay Water Solutions Cor in a report on Thursday, April 23rd. Stifel Nicolaus upped their target price on shares of Zurn Elkay Water Solutions Cor from $53.00 to $59.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Robert W. Baird decreased their price objective on shares of Zurn Elkay Water Solutions Cor from $56.00 to $53.00 and set a “neutral” rating for the company in a research note on Thursday, April 23rd. Finally, UBS Group set a $56.00 price objective on shares of Zurn Elkay Water Solutions Cor in a research note on Thursday, April 23rd. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $54.88.

Zurn Elkay Water Solutions Cor Trading Up 0.0%

NYSE:ZWS opened at $47.46 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.11 and a current ratio of 3.24. The firm has a market cap of $7.92 billion, a price-to-earnings ratio of 38.28, a price-to-earnings-growth ratio of 1.88 and a beta of 1.06. Zurn Elkay Water Solutions Cor has a 52 week low of $35.06 and a 52 week high of $53.76. The firm has a 50-day moving average price of $48.22 and a two-hundred day moving average price of $47.90.

Zurn Elkay Water Solutions Cor (NYSE:ZWS) last posted its quarterly earnings data on Tuesday, April 21st. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.37 by $0.04. The firm had revenue of $433.00 million during the quarter, compared to analyst estimates of $418.99 million. Zurn Elkay Water Solutions Cor had a net margin of 12.26% and a return on equity of 17.40%. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter last year, the business posted $0.31 EPS. On average, equities analysts expect that Zurn Elkay Water Solutions Cor will post 1.75 earnings per share for the current fiscal year.

Zurn Elkay Water Solutions Cor Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Wednesday, May 20th will be paid a $0.11 dividend. The ex-dividend date is Wednesday, May 20th. This represents a $0.44 annualized dividend and a yield of 0.9%. Zurn Elkay Water Solutions Cor’s dividend payout ratio (DPR) is 35.48%.

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.