Zurn Elkay Water Solutions Cor (NYSE:ZWS) Given Average Rating of “Moderate Buy” by Analysts

Zurn Elkay Water Solutions Cor (NYSE:ZWS) has earned a consensus recommendation of “Moderate Buy” from the eight brokerages that are covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $54.8750.

ZWS has been the subject of several analyst reports. Robert W. Baird cut their target price on 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. UBS Group set a $56.00 price target on Zurn Elkay Water Solutions Cor in a report on Thursday, April 23rd. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $50.00 price target on shares of Zurn Elkay Water Solutions Cor in a report on Thursday, February 5th. Weiss Ratings raised Zurn Elkay Water Solutions Cor from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. Finally, Stifel Nicolaus raised their price target 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.

Zurn Elkay Water Solutions Cor Stock Up 0.0%

Shares of NYSE ZWS opened at $47.01 on Monday. Zurn Elkay Water Solutions Cor has a 52 week low of $35.06 and a 52 week high of $53.76. The business has a 50-day simple moving average of $48.05 and a two-hundred day simple moving average of $47.90. The company has a quick ratio of 2.11, a current ratio of 3.24 and a debt-to-equity ratio of 0.31. The company has a market cap of $7.85 billion, a P/E ratio of 37.91, a P/E/G ratio of 1.86 and a beta of 1.06.

Zurn Elkay Water Solutions Cor (NYSE:ZWS) last issued its earnings results on Tuesday, April 21st. The company reported $0.41 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 business had revenue of $433.00 million during the quarter, compared to the consensus estimate of $418.99 million. During the same quarter last year, the company earned $0.31 EPS. The firm’s revenue was up 11.4% compared to the same quarter last year. Research analysts anticipate that Zurn Elkay Water Solutions Cor will post 1.75 earnings per share for the current fiscal year.

Zurn Elkay Water Solutions Cor Announces Dividend

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

Institutional Trading of Zurn Elkay Water Solutions Cor

Several institutional investors and hedge funds have recently modified their holdings of the business. Andina Capital Management LLC raised its holdings in shares of Zurn Elkay Water Solutions Cor by 1.6% in the 4th quarter. Andina Capital Management LLC now owns 12,618 shares of the company’s stock valued at $587,000 after acquiring an additional 200 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Zurn Elkay Water Solutions Cor by 24.2% in the 4th quarter. UMB Bank n.a. now owns 1,233 shares of the company’s stock valued at $57,000 after acquiring an additional 240 shares in the last quarter. 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 valued at $36,000 after acquiring an additional 256 shares in the last quarter. Assetmark Inc. raised its holdings in shares of Zurn Elkay Water Solutions Cor by 53.0% in the 1st quarter. Assetmark Inc. now owns 843 shares of the company’s stock valued at $38,000 after acquiring an additional 292 shares in the last quarter. Finally, 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 valued at $91,000 after acquiring an additional 341 shares in the last quarter. Hedge funds and other institutional investors own 83.33% of the company’s stock.

Zurn Elkay Water Solutions Cor Company 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.