Stephens Inc. AR Lowers Stake in Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Stephens Inc. AR lessened its position in Zurn Elkay Water Solutions Co. (NYSE:ZWS) by 6.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,135 shares of the company’s stock after selling 594 shares during the quarter. Stephens Inc. AR’s holdings in Zurn Elkay Water Solutions were worth $341,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Bleakley Financial Group LLC grew its holdings in shares of Zurn Elkay Water Solutions by 3.9% during the 4th quarter. Bleakley Financial Group LLC now owns 21,690 shares of the company’s stock valued at $809,000 after purchasing an additional 819 shares during the last quarter. DAVENPORT & Co LLC grew its stake in shares of Zurn Elkay Water Solutions by 3.2% during the fourth quarter. DAVENPORT & Co LLC now owns 8,559 shares of the company’s stock valued at $319,000 after buying an additional 269 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Zurn Elkay Water Solutions by 78.6% in the fourth quarter. Pacer Advisors Inc. now owns 6,294 shares of the company’s stock worth $235,000 after buying an additional 2,769 shares during the period. KBC Group NV lifted its stake in shares of Zurn Elkay Water Solutions by 53.9% in the 4th quarter. KBC Group NV now owns 6,122 shares of the company’s stock valued at $228,000 after acquiring an additional 2,144 shares during the last quarter. Finally, Crescent Grove Advisors LLC boosted its holdings in Zurn Elkay Water Solutions by 5.7% during the 4th quarter. Crescent Grove Advisors LLC now owns 2,435,447 shares of the company’s stock valued at $90,842,000 after acquiring an additional 130,732 shares during the period. Hedge funds and other institutional investors own 83.33% of the company’s stock.

Zurn Elkay Water Solutions Trading Down 1.5 %

NYSE:ZWS opened at $35.43 on Friday. The firm has a market capitalization of $6.01 billion, a price-to-earnings ratio of 38.51, a price-to-earnings-growth ratio of 1.78 and a beta of 1.15. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.70 and a quick ratio of 1.71. The business has a fifty day moving average price of $38.06 and a 200-day moving average price of $36.19. Zurn Elkay Water Solutions Co. has a one year low of $28.25 and a one year high of $41.15.

Zurn Elkay Water Solutions (NYSE:ZWS) last issued its earnings results on Tuesday, February 4th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.04. Zurn Elkay Water Solutions had a net margin of 10.23% and a return on equity of 14.01%. Sell-side analysts forecast that Zurn Elkay Water Solutions Co. will post 1.35 EPS for the current year.

Zurn Elkay Water Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Thursday, February 20th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $0.36 annualized dividend and a yield of 1.02%. Zurn Elkay Water Solutions’s dividend payout ratio (DPR) is presently 39.13%.

Wall Street Analysts Forecast Growth

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

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.