Brown Advisory Inc. Sells 206,212 Shares of Zurn Elkay Water Solutions Cor $ZWS

Brown Advisory Inc. lowered its position in shares of Zurn Elkay Water Solutions Cor (NYSE:ZWS) by 13.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,376,545 shares of the company’s stock after selling 206,212 shares during the quarter. Brown Advisory Inc.’s holdings in Zurn Elkay Water Solutions Cor were worth $63,996,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Andina Capital Management LLC raised its position in shares of Zurn Elkay Water Solutions Cor by 1.6% during the fourth quarter. Andina Capital Management LLC now owns 12,618 shares of the company’s stock worth $587,000 after acquiring an additional 200 shares during the last quarter. UMB Bank n.a. raised its position in shares of Zurn Elkay Water Solutions Cor by 24.2% during the fourth quarter. UMB Bank n.a. now owns 1,233 shares of the company’s stock worth $57,000 after acquiring an additional 240 shares during the last quarter. Fifth Third Bancorp raised its position in shares of Zurn Elkay Water Solutions Cor by 49.7% during the third 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. increased its holdings in Zurn Elkay Water Solutions Cor by 15.6% in the second quarter. Osaic Holdings Inc. now owns 2,531 shares of the company’s stock valued at $91,000 after purchasing an additional 341 shares during the last quarter. Finally, California State Teachers Retirement System increased its holdings in Zurn Elkay Water Solutions Cor by 0.3% in the second quarter. California State Teachers Retirement System now owns 134,647 shares of the company’s stock valued at $4,924,000 after purchasing an additional 353 shares during the last quarter. Institutional investors own 83.33% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Royal Bank Of Canada upped their price objective on Zurn Elkay Water Solutions Cor from $49.00 to $56.00 and gave the company a “sector perform” rating in a report on Thursday, April 23rd. Stifel Nicolaus upped their price objective on Zurn Elkay Water Solutions Cor from $53.00 to $59.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Weiss Ratings upgraded Zurn Elkay Water Solutions Cor from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. Oppenheimer reiterated an “outperform” rating and issued a $58.00 price objective on shares of Zurn Elkay Water Solutions Cor in a report on Thursday, April 23rd. Finally, UBS Group set a $56.00 price objective on Zurn Elkay Water Solutions Cor in a report on Thursday, April 23rd. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $54.88.

Zurn Elkay Water Solutions Cor Stock Down 0.1%

Shares of Zurn Elkay Water Solutions Cor stock opened at $48.36 on Monday. Zurn Elkay Water Solutions Cor has a 1 year low of $35.06 and a 1 year high of $53.76. The business has a 50-day moving average of $48.61 and a two-hundred day moving average of $47.99. The company has a market capitalization of $8.07 billion, a P/E ratio of 39.00, a price-to-earnings-growth ratio of 1.91 and a beta of 1.06. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.24 and a quick ratio of 2.11.

Zurn Elkay Water Solutions Cor (NYSE:ZWS) last announced its quarterly earnings results on Tuesday, April 21st. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.04. Zurn Elkay Water Solutions Cor had a return on equity of 17.40% and a net margin of 12.26%.The company had revenue of $433.00 million during the quarter, compared to the consensus estimate of $418.99 million. During the same period in the prior year, the company earned $0.31 earnings per share. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. As a group, equities analysts predict that Zurn Elkay Water Solutions Cor will post 1.75 EPS for the current year.

Zurn Elkay Water Solutions Cor Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Wednesday, May 20th were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Wednesday, May 20th. Zurn Elkay Water Solutions Cor’s dividend payout ratio 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.