KBC Group NV Has $228,000 Stock Holdings in Zurn Elkay Water Solutions Co. (NYSE:ZWS)

KBC Group NV grew its stake in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS) by 53.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,122 shares of the company’s stock after purchasing an additional 2,144 shares during the period. KBC Group NV’s holdings in Zurn Elkay Water Solutions were worth $228,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in ZWS. Quarry LP raised its stake in Zurn Elkay Water Solutions by 178.7% during the 2nd quarter. Quarry LP now owns 836 shares of the company’s stock worth $25,000 after buying an additional 536 shares during the period. GAMMA Investing LLC increased its holdings in shares of Zurn Elkay Water Solutions by 138.4% during the fourth quarter. GAMMA Investing LLC now owns 937 shares of the company’s stock valued at $35,000 after acquiring an additional 544 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Zurn Elkay Water Solutions during the third quarter worth approximately $36,000. Tsfg LLC bought a new position in shares of Zurn Elkay Water Solutions in the 4th quarter worth $56,000. Finally, Millburn Ridgefield Corp grew its position in Zurn Elkay Water Solutions by 1,152.5% in the 3rd quarter. Millburn Ridgefield Corp now owns 5,173 shares of the company’s stock valued at $186,000 after purchasing an additional 4,760 shares during the period. Institutional investors own 83.33% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on ZWS shares. Mizuho upped their price objective on shares of Zurn Elkay Water Solutions from $34.00 to $37.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Stifel Nicolaus lifted their price target on Zurn Elkay Water Solutions from $38.00 to $39.00 and gave the company a “hold” rating in a research note on Friday, January 24th. Oppenheimer boosted their price objective on Zurn Elkay Water Solutions from $37.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Finally, Robert W. Baird raised their target price on Zurn Elkay Water Solutions from $37.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $38.67.

Zurn Elkay Water Solutions Stock Up 1.0 %

ZWS opened at $39.53 on Wednesday. The company’s 50-day moving average price is $38.55 and its two-hundred day moving average price is $35.89. 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 Co. has a twelve month low of $28.25 and a twelve month high of $41.15. The stock has a market cap of $6.71 billion, a price-to-earnings ratio of 50.03, a PEG ratio of 1.83 and a beta of 1.15.

Zurn Elkay Water Solutions (NYSE:ZWS) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.04. Zurn Elkay Water Solutions had a return on equity of 13.30% and a net margin of 8.87%. As a group, equities analysts expect that Zurn Elkay Water Solutions Co. will post 1.24 earnings per share for the current year.

Zurn Elkay Water Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Thursday, February 20th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $0.36 dividend on an annualized basis and a yield of 0.91%. Zurn Elkay Water Solutions’s dividend payout ratio is presently 45.57%.

Insider Transactions at Zurn Elkay Water Solutions

In related news, VP Jeffrey J. Lavalle sold 3,132 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $39.15, for a total transaction of $122,617.80. Following the sale, the vice president now directly owns 35,422 shares in the company, valued at approximately $1,386,771.30. The trade was a 8.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO David J. Pauli sold 4,070 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $39.15, for a total value of $159,340.50. Following the completion of the transaction, the chief financial officer now owns 47,572 shares of the company’s stock, valued at approximately $1,862,443.80. This represents a 7.88 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.80% of the company’s stock.

Zurn Elkay Water Solutions Company 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.