Zurn Elkay Water Solutions Cor (NYSE:ZWS) Given Consensus Recommendation of “Hold” by Analysts

Shares of Zurn Elkay Water Solutions Cor (NYSE:ZWS) have earned an average rating of “Hold” from the nine ratings firms that are presently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $45.50.

Several research analysts have commented on the stock. The Goldman Sachs Group reissued a “neutral” rating on shares of Zurn Elkay Water Solutions Cor in a report on Thursday, October 30th. Mizuho set a $49.00 target price on Zurn Elkay Water Solutions Cor in a research report on Thursday, October 30th. Weiss Ratings reissued a “buy (b-)” rating on shares of Zurn Elkay Water Solutions Cor in a research note on Monday, December 29th. Oppenheimer set a $53.00 price objective on Zurn Elkay Water Solutions Cor and gave the stock an “outperform” rating in a research note on Friday, October 31st. Finally, Jefferies Financial Group initiated coverage on Zurn Elkay Water Solutions Cor in a report on Friday, December 12th. They set a “buy” rating and a $58.00 price objective on the stock.

Zurn Elkay Water Solutions Cor Trading Up 0.5%

Zurn Elkay Water Solutions Cor stock opened at $47.04 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.78 and a quick ratio of 1.83. The firm’s 50 day moving average price is $47.00 and its 200-day moving average price is $45.67. Zurn Elkay Water Solutions Cor has a 1 year low of $27.74 and a 1 year high of $50.03. The stock has a market cap of $7.87 billion, a P/E ratio of 42.00, a PEG ratio of 1.93 and a beta of 1.08.

Zurn Elkay Water Solutions Cor (NYSE:ZWS) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. The company had revenue of $455.40 million for the quarter, compared to the consensus estimate of $442.62 million. Zurn Elkay Water Solutions Cor had a net margin of 11.59% and a return on equity of 16.26%. Zurn Elkay Water Solutions Cor’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.34 EPS. On average, equities analysts predict that Zurn Elkay Water Solutions Cor will post 1.36 earnings per share for the current fiscal year.

Insider Transactions at Zurn Elkay Water Solutions Cor

In related news, Director Timothy J. Jahnke sold 7,461 shares of the company’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $47.50, for a total transaction of $354,397.50. Following the sale, the director owned 162,000 shares of the company’s stock, valued at $7,695,000. This represents a 4.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 20,100 shares of company stock worth $960,105 over the last quarter. 2.60% of the stock is owned by corporate insiders.

Institutional Trading of Zurn Elkay Water Solutions Cor

A number of large investors have recently made changes to their positions in the business. Advisory Services Network LLC purchased a new stake in shares of Zurn Elkay Water Solutions Cor during the 3rd quarter valued at about $25,000. Whittier Trust Co. bought a new stake in Zurn Elkay Water Solutions Cor during the second quarter worth approximately $26,000. First Horizon Advisors Inc. raised its position in Zurn Elkay Water Solutions Cor by 249.8% during the second quarter. First Horizon Advisors Inc. now owns 703 shares of the company’s stock valued at $26,000 after purchasing an additional 502 shares during the period. V Square Quantitative Management LLC bought a new stake in shares of Zurn Elkay Water Solutions Cor in the 4th quarter valued at approximately $26,000. Finally, Fifth Third Bancorp lifted its stake 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 valued at $36,000 after purchasing an additional 256 shares during the last quarter. 83.33% of the stock is currently owned by institutional investors.

About Zurn Elkay Water Solutions Cor

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.