Timothy J. Jahnke Sells 15,600 Shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS) Stock

Zurn Elkay Water Solutions Co. (NYSE:ZWS) Director Timothy J. Jahnke sold 15,600 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $33.03, for a total value of $515,268.00. Following the sale, the director now directly owns 385,017 shares in the company, valued at $12,717,111.51. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Zurn Elkay Water Solutions Price Performance

ZWS stock opened at $32.10 on Thursday. The stock has a market cap of $5.49 billion, a price-to-earnings ratio of 45.21, a P/E/G ratio of 1.60 and a beta of 1.14. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.84 and a quick ratio of 1.75. The company has a 50 day simple moving average of $31.04 and a 200 day simple moving average of $31.37. Zurn Elkay Water Solutions Co. has a 1 year low of $25.09 and a 1 year high of $34.58.

Zurn Elkay Water Solutions (NYSE:ZWS) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.02. Zurn Elkay Water Solutions had a return on equity of 12.82% and a net margin of 8.80%. The company had revenue of $412.00 million for the quarter, compared to the consensus estimate of $409.14 million. During the same quarter last year, the business posted $0.24 EPS. Zurn Elkay Water Solutions’s revenue for the quarter was up 2.2% on a year-over-year basis. Research analysts anticipate that Zurn Elkay Water Solutions Co. will post 1.21 EPS for the current fiscal year.

Zurn Elkay Water Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, August 20th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.00%. The ex-dividend date was Tuesday, August 20th. Zurn Elkay Water Solutions’s dividend payout ratio is currently 45.07%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ZWS. Massachusetts Financial Services Co. MA increased its position in Zurn Elkay Water Solutions by 1.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 20,109 shares of the company’s stock valued at $591,000 after acquiring an additional 359 shares during the period. Tortoise Investment Management LLC grew its stake in shares of Zurn Elkay Water Solutions by 76.7% in the second quarter. Tortoise Investment Management LLC now owns 859 shares of the company’s stock worth $25,000 after purchasing an additional 373 shares during the last quarter. MJP Associates Inc. ADV increased its holdings in Zurn Elkay Water Solutions by 5.5% in the second quarter. MJP Associates Inc. ADV now owns 10,214 shares of the company’s stock valued at $300,000 after purchasing an additional 534 shares during the period. Quarry LP raised its position in Zurn Elkay Water Solutions by 178.7% during the 2nd quarter. Quarry LP now owns 836 shares of the company’s stock worth $25,000 after purchasing an additional 536 shares during the last quarter. Finally, Arizona State Retirement System lifted its holdings in Zurn Elkay Water Solutions by 1.4% during the 2nd quarter. Arizona State Retirement System now owns 40,929 shares of the company’s stock worth $1,203,000 after buying an additional 561 shares during the period. Institutional investors own 83.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on ZWS shares. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Zurn Elkay Water Solutions from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Stifel Nicolaus upped their target price on Zurn Elkay Water Solutions from $32.00 to $34.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $35.17.

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.