New Age Alpha Advisors LLC Buys Shares of 17,216 Zurn Elkay Water Solutions Co. (NYSE:ZWS)

New Age Alpha Advisors LLC purchased a new position in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 17,216 shares of the company’s stock, valued at approximately $642,000.

Several other institutional investors have also made changes to their positions in ZWS. FMR LLC lifted its stake in Zurn Elkay Water Solutions by 11.2% in the third quarter. FMR LLC now owns 14,070 shares of the company’s stock valued at $506,000 after acquiring an additional 1,416 shares during the last quarter. Captrust Financial Advisors boosted its holdings in Zurn Elkay Water Solutions by 7.8% in the third quarter. Captrust Financial Advisors now owns 7,832 shares of the company’s stock worth $281,000 after purchasing an additional 570 shares in the last quarter. Verition Fund Management LLC increased its position in Zurn Elkay Water Solutions by 67.3% during the third quarter. Verition Fund Management LLC now owns 75,430 shares of the company’s stock worth $2,711,000 after buying an additional 30,337 shares during the last quarter. Benjamin Edwards Inc. raised its holdings in Zurn Elkay Water Solutions by 687.7% during the third quarter. Benjamin Edwards Inc. now owns 12,856 shares of the company’s stock valued at $462,000 after buying an additional 11,224 shares in the last quarter. Finally, HighTower Advisors LLC lifted its position in shares of Zurn Elkay Water Solutions by 3.3% in the third quarter. HighTower Advisors LLC now owns 8,092 shares of the company’s stock worth $293,000 after buying an additional 259 shares during the last quarter. 83.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus raised their price objective on Zurn Elkay Water Solutions from $38.00 to $39.00 and gave the company a “hold” rating in a research note on Friday, January 24th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $38.40.

Insider Buying and Selling at Zurn Elkay Water Solutions

In related news, CFO David J. Pauli sold 8,390 shares of the company’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $35.47, for a total value of $297,593.30. Following the completion of the transaction, the chief financial officer now directly owns 59,410 shares in the company, valued at approximately $2,107,272.70. This represents a 12.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Aimee Katz sold 8,912,500 shares of Zurn Elkay Water Solutions stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $33.60, for a total transaction of $299,460,000.00. Following the sale, the insider now owns 15,002,819 shares in the company, valued at $504,094,718.40. This represents a 37.27 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.60% of the company’s stock.

Zurn Elkay Water Solutions Stock Up 0.1 %

ZWS stock opened at $33.00 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.91 and a quick ratio of 1.81. The company has a 50-day moving average of $35.79 and a two-hundred day moving average of $36.91. The stock has a market capitalization of $5.57 billion, a price-to-earnings ratio of 35.87, a price-to-earnings-growth ratio of 2.01 and a beta of 1.16. Zurn Elkay Water Solutions Co. has a 52-week low of $28.25 and a 52-week high of $41.15.

Zurn Elkay Water Solutions (NYSE:ZWS) last released its earnings results on Tuesday, February 4th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.04. Zurn Elkay Water Solutions had a return on equity of 14.03% and a net margin of 10.23%. As a group, equities research analysts anticipate that Zurn Elkay Water Solutions Co. will post 1.36 EPS for the current year.

Zurn Elkay Water Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Thursday, February 20th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend was Thursday, February 20th. Zurn Elkay Water Solutions’s payout ratio is currently 39.13%.

Zurn Elkay Water Solutions 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.