Zurn Elkay Water Solutions Cor (NYSE:ZWS) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Zurn Elkay Water Solutions Cor (NYSE:ZWS) have been given a consensus rating of “Moderate Buy” by the nine ratings firms that are presently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $55.00.

A number of analysts have commented on the company. Stifel Nicolaus decreased their target price on Zurn Elkay Water Solutions Cor from $59.00 to $56.00 and set a “buy” rating on the stock in a research report on Monday, July 20th. Royal Bank Of Canada boosted their price objective on shares of Zurn Elkay Water Solutions Cor from $49.00 to $56.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 23rd. Robert W. Baird lowered their price target on shares of Zurn Elkay Water Solutions Cor from $56.00 to $53.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Oppenheimer reissued an “outperform” rating and set a $58.00 price objective on shares of Zurn Elkay Water Solutions Cor in a research note on Thursday, April 23rd. Finally, UBS Group set a $56.00 price objective on Zurn Elkay Water Solutions Cor in a research report on Thursday, April 23rd.

Zurn Elkay Water Solutions Cor Trading Up 0.9%

Shares of Zurn Elkay Water Solutions Cor stock opened at $48.81 on Tuesday. Zurn Elkay Water Solutions Cor has a 12-month low of $37.89 and a 12-month high of $53.76. The company has a current ratio of 3.24, a quick ratio of 2.11 and a debt-to-equity ratio of 0.31. The stock has a market cap of $8.15 billion, a PE ratio of 39.36, a price-to-earnings-growth ratio of 1.91 and a beta of 1.04. The company has a 50-day moving average of $48.28 and a two-hundred day moving average of $48.29.

Zurn Elkay Water Solutions Cor Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Thursday, August 20th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $0.44 annualized dividend and a yield of 0.9%. Zurn Elkay Water Solutions Cor’s dividend payout ratio (DPR) is presently 35.48%.

Institutional Trading of Zurn Elkay Water Solutions Cor

A number of large investors have recently made changes to their positions in ZWS. Advisory Services Network LLC acquired a new position in Zurn Elkay Water Solutions Cor in the 3rd quarter valued at about $25,000. V Square Quantitative Management LLC purchased a new position in Zurn Elkay Water Solutions Cor in the 4th quarter valued at about $26,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Zurn Elkay Water Solutions Cor during the 4th quarter worth about $35,000. Hantz Financial Services Inc. boosted its stake in shares of Zurn Elkay Water Solutions Cor by 138.9% during the 4th quarter. Hantz Financial Services Inc. now owns 805 shares of the company’s stock worth $37,000 after purchasing an additional 468 shares during the last quarter. Finally, Assetmark Inc. grew its holdings in shares of Zurn Elkay Water Solutions Cor by 53.0% during the first quarter. Assetmark Inc. now owns 843 shares of the company’s stock worth $38,000 after buying an additional 292 shares in the last quarter. Institutional investors and hedge funds own 83.33% of the company’s stock.

Zurn Elkay Water Solutions Cor Company Profile

Zurn Elkay Water Solutions Corp, trading on the NYSE under the ticker ZWS, is a global provider of water delivery and plumbing products. The company was established in October 2022 through a spin-off from Rexnord Corp, creating a standalone business focused on designing, manufacturing and marketing water system components for residential, commercial and industrial customers.

Through its Zurn segment, the company offers solutions for water delivery, drainage and waste evacuation. Product lines include valves, hydrants, backflow prevention devices, piping systems, fittings and commercial waste stations.