Sanctuary Advisors LLC Buys Shares of 60,604 Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Sanctuary Advisors LLC bought a new position in Zurn Elkay Water Solutions Co. (NYSE:ZWS) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 60,604 shares of the company’s stock, valued at approximately $1,921,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ZWS. HighPoint Advisor Group LLC purchased a new position in shares of Zurn Elkay Water Solutions during the 4th quarter valued at about $5,213,000. Sei Investments Co. lifted its holdings in shares of Zurn Elkay Water Solutions by 11.1% in the 2nd quarter. Sei Investments Co. now owns 211,183 shares of the company’s stock worth $6,209,000 after acquiring an additional 21,081 shares during the last quarter. Hsbc Holdings PLC boosted its stake 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 in the last quarter. Los Angeles Capital Management LLC purchased a new position in Zurn Elkay Water Solutions in the 1st quarter worth $1,004,000. Finally, Epoch Investment Partners Inc. purchased a new stake in Zurn Elkay Water Solutions during the first quarter valued at about $7,674,000. 83.33% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Zurn Elkay Water Solutions

In related news, VP Sudhanshu Chhabra sold 52,851 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $32.55, for a total transaction of $1,720,300.05. Following the completion of the transaction, the vice president now owns 80,151 shares of the company’s stock, valued at $2,608,915.05. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Zurn Elkay Water Solutions news, VP Sudhanshu Chhabra sold 52,851 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $32.55, for a total transaction of $1,720,300.05. Following the sale, the vice president now directly owns 80,151 shares in the company, valued at approximately $2,608,915.05. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Timothy J. Jahnke sold 15,600 shares of the stock in a transaction 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 directly owns 385,017 shares in the company, valued at $12,717,111.51. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 82,572 shares of company stock valued at $2,721,672. Corporate insiders own 3.80% of the company’s stock.

Zurn Elkay Water Solutions Trading Down 1.9 %

Shares of ZWS opened at $36.00 on Wednesday. Zurn Elkay Water Solutions Co. has a 1-year low of $25.09 and a 1-year high of $36.86. The company has a current ratio of 2.84, a quick ratio of 1.75 and a debt-to-equity ratio of 0.31. The firm’s 50-day moving average price is $32.56 and its 200-day moving average price is $31.77. The firm has a market capitalization of $6.22 billion, a price-to-earnings ratio of 50.70, a PEG ratio of 1.95 and a beta of 1.14.

Zurn Elkay Water Solutions (NYSE:ZWS) last announced its earnings results on Tuesday, July 30th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.02. Zurn Elkay Water Solutions had a return on equity of 12.82% and a net margin of 8.80%. The firm had revenue of $412.00 million during the quarter, compared to analyst estimates of $409.14 million. During the same quarter in the prior year, the company earned $0.24 EPS. The business’s revenue was up 2.2% compared to the same quarter last year. Sell-side analysts anticipate that Zurn Elkay Water Solutions Co. will post 1.21 EPS for the current year.

Zurn Elkay Water Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, August 20th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend was Tuesday, August 20th. Zurn Elkay Water Solutions’s dividend payout ratio is 45.07%.

Wall Street Analysts Forecast Growth

ZWS has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft boosted their target price on 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. Oppenheimer restated an “outperform” rating and issued a $37.00 target price on shares of Zurn Elkay Water Solutions in a report on Thursday, September 12th. Finally, Stifel Nicolaus upped their price target on shares of Zurn Elkay Water Solutions from $32.00 to $34.00 and gave the company a “hold” rating in a report on Thursday, July 18th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $35.17.

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.