Zurn Elkay Water Solutions (NYSE:ZWS) Stock Price Expected to Rise, Mizuho Analyst Says

Zurn Elkay Water Solutions (NYSE:ZWS) had its price target raised by Mizuho from $34.00 to $37.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Mizuho’s price objective would indicate a potential downside of 0.22% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. Robert W. Baird boosted their target price on shares of Zurn Elkay Water Solutions from $37.00 to $39.00 and gave the company a “neutral” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Zurn Elkay Water Solutions from $35.00 to $37.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Stifel Nicolaus boosted their target price on shares of Zurn Elkay Water Solutions from $34.00 to $36.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. 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. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $38.17.

Zurn Elkay Water Solutions Stock Up 2.7 %

Zurn Elkay Water Solutions stock opened at $37.08 on Thursday. Zurn Elkay Water Solutions has a fifty-two week low of $27.55 and a fifty-two week high of $38.11. The stock has a market cap of $6.29 billion, a PE ratio of 46.94, a price-to-earnings-growth ratio of 1.93 and a beta of 1.14. The firm’s 50-day simple moving average is $34.66 and its 200 day simple moving average is $32.31. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.75 and a current ratio of 2.70.

Zurn Elkay Water Solutions (NYSE:ZWS) last released its earnings results on Tuesday, October 29th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The firm had revenue of $410.00 million for the quarter, compared to analysts’ expectations of $406.15 million. Zurn Elkay Water Solutions had a net margin of 8.87% and a return on equity of 13.30%. The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.29 earnings per share. Research analysts predict that Zurn Elkay Water Solutions will post 1.21 EPS for the current fiscal year.

Insider Activity

In other news, Director Timothy J. Jahnke sold 15,600 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $33.03, for a total value of $515,268.00. Following the sale, the director now owns 385,017 shares of the company’s stock, valued at $12,717,111.51. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, VP Sudhanshu Chhabra sold 52,851 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $32.55, for a total transaction of $1,720,300.05. Following the sale, the vice president now owns 80,151 shares of the company’s stock, valued at approximately $2,608,915.05. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Timothy J. Jahnke sold 15,600 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $33.03, for a total transaction of $515,268.00. Following the sale, the director now directly owns 385,017 shares in the company, valued at $12,717,111.51. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 98,486 shares of company stock valued at $3,338,593 over the last quarter. Company insiders own 3.80% of the company’s stock.

Institutional Trading of Zurn Elkay Water Solutions

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC increased its holdings in Zurn Elkay Water Solutions by 2.1% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 13,138,996 shares of the company’s stock worth $386,286,000 after acquiring an additional 265,857 shares during the period. Impax Asset Management Group plc increased its holdings in Zurn Elkay Water Solutions by 4.1% during the 3rd quarter. Impax Asset Management Group plc now owns 8,801,275 shares of the company’s stock worth $315,645,000 after acquiring an additional 346,412 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Zurn Elkay Water Solutions by 49.6% in the 3rd quarter. Principal Financial Group Inc. now owns 2,619,953 shares of the company’s stock worth $94,161,000 after buying an additional 868,748 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Zurn Elkay Water Solutions by 37.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,695,510 shares of the company’s stock worth $49,846,000 after buying an additional 465,701 shares during the last quarter. Finally, Raymond James & Associates increased its holdings in shares of Zurn Elkay Water Solutions by 4.5% in the 3rd quarter. Raymond James & Associates now owns 1,433,580 shares of the company’s stock worth $51,523,000 after buying an additional 61,748 shares during the last quarter. Institutional investors own 83.33% of the company’s stock.

About Zurn Elkay Water Solutions

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.