Zurn Elkay Water Solutions (NYSE:ZWS) Trading Down 5.2% – Should You Sell?

Zurn Elkay Water Solutions Co. (NYSE:ZWS) fell 5.2% during mid-day trading on Wednesday . The stock traded as low as $37.87 and last traded at $37.38. 348,308 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 855,363 shares. The stock had previously closed at $39.41.

Analysts Set New Price Targets

Several research firms have issued reports on ZWS. Stifel Nicolaus upped their price target on Zurn Elkay Water Solutions from $38.00 to $39.00 and gave the company a “hold” rating in a report on Friday, January 24th. Mizuho upped their price target on Zurn Elkay Water Solutions from $34.00 to $37.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Oppenheimer upped their price target on Zurn Elkay Water Solutions from $37.00 to $40.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Finally, Robert W. Baird upped their price target on Zurn Elkay Water Solutions from $37.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Zurn Elkay Water Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $38.67.

Zurn Elkay Water Solutions Stock Performance

The company has a current ratio of 2.70, a quick ratio of 1.71 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $6.48 billion, a PE ratio of 48.34, a PEG ratio of 1.83 and a beta of 1.15. The firm’s 50-day simple moving average is $38.49 and its two-hundred day simple moving average is $35.98.

Zurn Elkay Water Solutions (NYSE:ZWS) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.28 by $0.04. Zurn Elkay Water Solutions had a net margin of 8.87% and a return on equity of 13.30%. On average, equities research analysts expect that Zurn Elkay Water Solutions Co. will post 1.24 earnings per share for the current fiscal year.

Zurn Elkay Water Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Thursday, February 20th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date is Thursday, February 20th. Zurn Elkay Water Solutions’s dividend payout ratio is presently 45.57%.

Institutional Investors Weigh In On Zurn Elkay Water Solutions

A number of large investors have recently bought and sold shares of the business. Squarepoint Ops LLC acquired a new position in Zurn Elkay Water Solutions during the 2nd quarter worth $438,000. AQR Capital Management LLC acquired a new position in shares of Zurn Elkay Water Solutions during the second quarter valued at about $1,068,000. Creative Planning raised its position in shares of Zurn Elkay Water Solutions by 17.8% during the second quarter. Creative Planning now owns 15,101 shares of the company’s stock valued at $444,000 after buying an additional 2,281 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Zurn Elkay Water Solutions by 66.7% during the third quarter. SG Americas Securities LLC now owns 31,126 shares of the company’s stock valued at $1,119,000 after buying an additional 12,451 shares during the last quarter. Finally, Handelsbanken Fonder AB raised its position in shares of Zurn Elkay Water Solutions by 6.5% during the third quarter. Handelsbanken Fonder AB now owns 49,118 shares of the company’s stock valued at $1,765,000 after buying an additional 3,000 shares during the last quarter. 83.33% of the stock is currently 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.