LVW Advisors LLC Has $726,000 Stock Position in Zurn Elkay Water Solutions Cor $ZWS

LVW Advisors LLC lowered its holdings in Zurn Elkay Water Solutions Cor (NYSE:ZWS) by 8.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,841 shares of the company’s stock after selling 1,776 shares during the quarter. LVW Advisors LLC’s holdings in Zurn Elkay Water Solutions Cor were worth $726,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. State of Alaska Department of Revenue raised its position in Zurn Elkay Water Solutions Cor by 6.4% in the 2nd quarter. State of Alaska Department of Revenue now owns 84,197 shares of the company’s stock valued at $3,078,000 after purchasing an additional 5,047 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in Zurn Elkay Water Solutions Cor by 376.7% in the second quarter. Public Employees Retirement System of Ohio now owns 4,462 shares of the company’s stock valued at $163,000 after acquiring an additional 3,526 shares during the period. Ballentine Partners LLC acquired a new position in shares of Zurn Elkay Water Solutions Cor during the second quarter worth about $222,000. GAMMA Investing LLC boosted its position in shares of Zurn Elkay Water Solutions Cor by 137.6% during the second quarter. GAMMA Investing LLC now owns 2,262 shares of the company’s stock worth $83,000 after buying an additional 1,310 shares during the period. Finally, Perpetual Ltd boosted its position in shares of Zurn Elkay Water Solutions Cor by 28.0% during the second quarter. Perpetual Ltd now owns 338,479 shares of the company’s stock worth $12,378,000 after buying an additional 74,083 shares during the period. Institutional investors own 83.33% of the company’s stock.

Analysts Set New Price Targets

ZWS has been the topic of several analyst reports. Oppenheimer upped their target price on Zurn Elkay Water Solutions Cor from $48.00 to $52.00 and gave the stock an “outperform” rating in a report on Wednesday, September 17th. Stifel Nicolaus upped their price objective on Zurn Elkay Water Solutions Cor from $50.00 to $53.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Zurn Elkay Water Solutions Cor currently has an average rating of “Hold” and a consensus price target of $40.50.

Insiders Place Their Bets

In other Zurn Elkay Water Solutions Cor news, VP Sudhanshu Chhabra sold 108,930 shares of the firm’s stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $43.61, for a total value of $4,750,437.30. Following the sale, the vice president owned 94,330 shares of the company’s stock, valued at approximately $4,113,731.30. This trade represents a 53.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Timothy J. Jahnke sold 2,156 shares of the firm’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $47.54, for a total value of $102,496.24. Following the completion of the sale, the director directly owned 308,964 shares in the company, valued at approximately $14,688,148.56. This represents a 0.69% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 168,930 shares of company stock worth $7,452,507. Company insiders own 2.60% of the company’s stock.

Zurn Elkay Water Solutions Cor Price Performance

Zurn Elkay Water Solutions Cor stock opened at $46.77 on Friday. Zurn Elkay Water Solutions Cor has a 12 month low of $27.74 and a 12 month high of $48.42. The stock’s 50 day moving average is $44.57 and its 200-day moving average is $38.07. The company has a current ratio of 2.71, a quick ratio of 1.72 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $7.84 billion, a price-to-earnings ratio of 46.31, a PEG ratio of 2.50 and a beta of 1.07.

Zurn Elkay Water Solutions Cor (NYSE:ZWS) last posted its earnings results on Tuesday, July 29th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.36 by $0.06. The company had revenue of $444.50 million for the quarter, compared to the consensus estimate of $424.55 million. Zurn Elkay Water Solutions Cor had a return on equity of 15.23% and a net margin of 10.78%.The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.33 earnings per share. Equities research analysts expect that Zurn Elkay Water Solutions Cor will post 1.36 EPS for the current year.

Zurn Elkay Water Solutions Cor Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Wednesday, August 20th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, August 20th. Zurn Elkay Water Solutions Cor’s dividend payout ratio (DPR) is currently 35.64%.

Zurn Elkay Water Solutions Cor 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.