Zurn Elkay Water Solutions Cor (NYSE:ZWS) Stock Has Consensus Target Price of $57.44

Zurn Elkay Water Solutions Cor (NYSE:ZWS) has earned a consensus rating of “Moderate Buy” from the nine analysts that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $57.44.

A number of equities research analysts have weighed in on the company. Barclays raised their target price on Zurn Elkay Water Solutions Cor from $59.00 to $61.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Zacks Research upgraded Zurn Elkay Water Solutions Cor from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Zurn Elkay Water Solutions Cor in a research note on Friday, July 24th. Royal Bank Of Canada lifted their target price on Zurn Elkay Water Solutions Cor from $56.00 to $58.00 and gave the company a “sector perform” rating in a research report on Thursday, July 30th. Finally, Oppenheimer boosted their target price on Zurn Elkay Water Solutions Cor from $58.00 to $60.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 9th.

Insider Activity

In related news, Director Jacques Butler acquired 2,016 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was acquired at an average cost of $49.60 per share, for a total transaction of $99,993.60. Following the transaction, the director directly owned 37,487 shares in the company, valued at $1,859,355.20. This trade represents a 5.68% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.40% of the company’s stock.

Institutional Trading of Zurn Elkay Water Solutions Cor

A number of hedge funds and other institutional investors have recently modified their holdings of ZWS. Moody National Bank Trust Division grew its stake in shares of Zurn Elkay Water Solutions Cor by 8.3% during the third quarter. Moody National Bank Trust Division now owns 18,956 shares of the company’s stock worth $881,000 after buying an additional 1,452 shares during the last quarter. Central Pacific Bank Trust Division lifted its stake in shares of Zurn Elkay Water Solutions Cor by 23.3% in the 3rd quarter. Central Pacific Bank Trust Division now owns 4,761 shares of the company’s stock valued at $221,000 after acquiring an additional 900 shares during the last quarter. Cim Investment Management Inc. lifted its stake in shares of Zurn Elkay Water Solutions Cor by 7.4% in the 2nd quarter. Cim Investment Management Inc. now owns 6,489 shares of the company’s stock valued at $328,000 after acquiring an additional 448 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of Zurn Elkay Water Solutions Cor by 7.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 87,106 shares of the company’s stock valued at $4,401,000 after acquiring an additional 6,286 shares in the last quarter. Finally, Engineers Gate Manager LP boosted its holdings in shares of Zurn Elkay Water Solutions Cor by 114.0% during the 2nd quarter. Engineers Gate Manager LP now owns 56,915 shares of the company’s stock valued at $2,876,000 after acquiring an additional 30,320 shares in the last quarter. Institutional investors own 83.33% of the company’s stock.

Zurn Elkay Water Solutions Cor Stock Performance

Shares of Zurn Elkay Water Solutions Cor stock opened at $47.78 on Friday. The company has a current ratio of 3.05, a quick ratio of 2.13 and a debt-to-equity ratio of 0.30. The company has a market cap of $7.92 billion, a PE ratio of 29.49, a price-to-earnings-growth ratio of 1.76 and a beta of 1.07. The company has a 50 day moving average of $48.46 and a 200-day moving average of $48.30. Zurn Elkay Water Solutions Cor has a 1-year low of $43.06 and a 1-year high of $55.00.

Zurn Elkay Water Solutions Cor (NYSE:ZWS) last announced 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 net margin of 15.45% and a return on equity of 18.01%. The business had revenue of $491.00 million for the quarter, compared to analysts’ expectations of $483.04 million. During the same period last year, the firm posted $0.42 earnings per share. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. As a group, equities research analysts forecast that Zurn Elkay Water Solutions Cor will post 1.82 earnings per share for the current fiscal year.

Zurn Elkay Water Solutions Cor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Thursday, August 20th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Thursday, August 20th. Zurn Elkay Water Solutions Cor’s dividend payout ratio (DPR) is presently 27.16%.

About Zurn Elkay Water Solutions Cor

Zurn Elkay Water Solutions Corporation (NYSE: ZWS) is a water management and plumbing products company serving commercial, institutional, industrial and residential markets. Its products are designed to support the collection, control, conservation, treatment and delivery of water in buildings and other infrastructure.

The company offers plumbing and drainage products, including drains, fixtures, faucets, flush valves, backflow prevention devices, water control systems and related accessories.