Zurn Elkay Water Solutions (NYSE:ZWS) Price Target Raised to $39.00

Zurn Elkay Water Solutions (NYSE:ZWS) had its price objective raised by equities research analysts at Stifel Nicolaus from $38.00 to $39.00 in a report issued on Friday,Benzinga reports. The firm currently has a “hold” rating on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 0.76% from the stock’s previous close.

Several other analysts have also recently weighed in on ZWS. Robert W. Baird lifted their price objective on shares of Zurn Elkay Water Solutions from $37.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Mizuho lifted their price target on shares of Zurn Elkay Water Solutions from $34.00 to $37.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Finally, Oppenheimer boosted their price target on shares of Zurn Elkay Water Solutions from $37.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $38.67.

Zurn Elkay Water Solutions Trading Down 1.1 %

NYSE ZWS traded down $0.43 on Friday, reaching $38.71. The company had a trading volume of 96,917 shares, compared to its average volume of 837,027. The stock has a market cap of $6.57 billion, a price-to-earnings ratio of 49.00, a PEG ratio of 1.80 and a beta of 1.15. The stock’s 50 day moving average is $38.58 and its 200-day moving average is $35.38. The company has a quick ratio of 1.71, a current ratio of 2.70 and a debt-to-equity ratio of 0.31. Zurn Elkay Water Solutions has a 52 week low of $28.25 and a 52 week high of $41.15.

Zurn Elkay Water Solutions (NYSE:ZWS) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.02. The company had revenue of $410.00 million during the quarter, compared to analysts’ expectations of $406.15 million. Zurn Elkay Water Solutions had a return on equity of 13.30% and a net margin of 8.87%. Zurn Elkay Water Solutions’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.29 earnings per share. Equities analysts predict that Zurn Elkay Water Solutions will post 1.24 earnings per share for the current year.

Insiders Place Their Bets

In other Zurn Elkay Water Solutions news, VP Jeffrey J. Lavalle sold 3,132 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $39.15, for a total transaction of $122,617.80. Following the transaction, the vice president now directly owns 35,422 shares in the company, valued at approximately $1,386,771.30. This trade represents a 8.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Todd A. Adams sold 120,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $39.83, for a total transaction of $4,779,600.00. Following the completion of the sale, the chief executive officer now owns 2,242,867 shares of the company’s stock, valued at approximately $89,333,392.61. The trade was a 5.08 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 127,202 shares of company stock worth $5,061,558. Insiders own 3.80% of the company’s stock.

Hedge Funds Weigh In On Zurn Elkay Water Solutions

Institutional investors have recently modified their holdings of the business. DAVENPORT & Co LLC boosted its position in Zurn Elkay Water Solutions by 3.2% in the fourth quarter. DAVENPORT & Co LLC now owns 8,559 shares of the company’s stock worth $319,000 after purchasing an additional 269 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Zurn Elkay Water Solutions by 78.6% in the 4th quarter. Pacer Advisors Inc. now owns 6,294 shares of the company’s stock worth $235,000 after buying an additional 2,769 shares during the last quarter. KBC Group NV grew its position in Zurn Elkay Water Solutions by 53.9% during the fourth quarter. KBC Group NV now owns 6,122 shares of the company’s stock valued at $228,000 after buying an additional 2,144 shares during the period. Crescent Grove Advisors LLC increased its holdings in Zurn Elkay Water Solutions by 5.7% during the fourth quarter. Crescent Grove Advisors LLC now owns 2,435,447 shares of the company’s stock worth $90,842,000 after buying an additional 130,732 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its position in Zurn Elkay Water Solutions by 986.9% in the fourth quarter. Exchange Traded Concepts LLC now owns 26,237 shares of the company’s stock worth $979,000 after acquiring an additional 23,823 shares during the period. 83.33% of the stock is owned by institutional investors.

Zurn Elkay Water Solutions Company Profile

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.