Tsfg LLC Takes $56,000 Position in Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Tsfg LLC acquired a new stake in Zurn Elkay Water Solutions Co. (NYSE:ZWS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,500 shares of the company’s stock, valued at approximately $56,000.

Other large investors have also bought and sold shares of the company. Sei Investments Co. increased its holdings in shares of Zurn Elkay Water Solutions by 11.1% in the second quarter. Sei Investments Co. now owns 211,183 shares of the company’s stock valued at $6,209,000 after buying an additional 21,081 shares in the last quarter. Barclays PLC grew its holdings in shares of Zurn Elkay Water Solutions by 85.7% in the 3rd quarter. Barclays PLC now owns 304,731 shares of the company’s stock worth $10,952,000 after acquiring an additional 140,624 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Zurn Elkay Water Solutions by 49.6% during the third quarter. Principal Financial Group Inc. now owns 2,619,953 shares of the company’s stock worth $94,161,000 after purchasing an additional 868,748 shares during the period. Global Alpha Capital Management Ltd. lifted its holdings in shares of Zurn Elkay Water Solutions by 23.1% during the third quarter. Global Alpha Capital Management Ltd. now owns 92,448 shares of the company’s stock valued at $3,323,000 after purchasing an additional 17,350 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its position in shares of Zurn Elkay Water Solutions by 209.9% in the 2nd quarter. Hsbc Holdings PLC now owns 82,640 shares of the company’s stock valued at $2,411,000 after purchasing an additional 55,970 shares during the period. Institutional investors own 83.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Robert W. Baird boosted their price objective on Zurn Elkay Water Solutions from $37.00 to $39.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Mizuho upped their price target on shares of Zurn Elkay Water Solutions from $34.00 to $37.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Stifel Nicolaus raised their price objective on shares of Zurn Elkay Water Solutions from $36.00 to $38.00 and gave the stock a “hold” rating in a research note on Wednesday, December 11th. Finally, Oppenheimer boosted their target price on shares of Zurn Elkay Water Solutions from $37.00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $38.50.

Insider Buying and Selling

In other Zurn Elkay Water Solutions news, VP Jeffrey J. Lavalle sold 3,132 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $39.15, for a total value of $122,617.80. Following the completion of the sale, the vice president now directly owns 35,422 shares of the company’s stock, valued at $1,386,771.30. The trade was a 8.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Todd A. Adams sold 120,000 shares of the 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 transaction, the chief executive officer now owns 2,242,867 shares in the company, valued at approximately $89,333,392.61. This trade represents a 5.08 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 147,202 shares of company stock worth $5,813,358. Insiders own 3.80% of the company’s stock.

Zurn Elkay Water Solutions Stock Up 1.4 %

ZWS stock opened at $36.72 on Tuesday. The company has a 50 day moving average of $38.75 and a two-hundred day moving average of $34.96. The company has a market cap of $6.23 billion, a price-to-earnings ratio of 46.48, a PEG ratio of 2.02 and a beta of 1.15. Zurn Elkay Water Solutions Co. has a 12-month low of $27.90 and a 12-month high of $41.15. 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 (NYSE:ZWS) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.02. Zurn Elkay Water Solutions had a return on equity of 13.30% and a net margin of 8.87%. The business had revenue of $410.00 million during the quarter, compared to analyst estimates of $406.15 million. During the same period last year, the company earned $0.29 earnings per share. Zurn Elkay Water Solutions’s quarterly revenue was up 2.9% compared to the same quarter last year. On average, equities analysts anticipate that Zurn Elkay Water Solutions Co. will post 1.24 earnings per share for the current fiscal year.

Zurn Elkay Water Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Wednesday, November 20th were paid a $0.09 dividend. This is a boost from Zurn Elkay Water Solutions’s previous quarterly dividend of $0.08. The ex-dividend date was Wednesday, November 20th. This represents a $0.36 annualized dividend and a dividend yield of 0.98%. Zurn Elkay Water Solutions’s payout ratio is presently 45.57%.

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.