112,751 Shares in Zurn Elkay Water Solutions Co. (NYSE:ZWS) Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans bought a new stake in Zurn Elkay Water Solutions Co. (NYSE:ZWS) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 112,751 shares of the company’s stock, valued at approximately $4,052,000. Thrivent Financial for Lutherans owned 0.07% of Zurn Elkay Water Solutions at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Tortoise Investment Management LLC lifted its stake in Zurn Elkay Water Solutions by 76.7% in the second quarter. Tortoise Investment Management LLC now owns 859 shares of the company’s stock valued at $25,000 after buying an additional 373 shares in the last quarter. Quarry LP raised its stake in shares of 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 purchasing an additional 536 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Zurn Elkay Water Solutions in the 2nd quarter valued at approximately $29,000. V Square Quantitative Management LLC bought a new position in shares of Zurn Elkay Water Solutions in the third quarter valued at $36,000. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in Zurn Elkay Water Solutions by 732.4% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,440 shares of the company’s stock worth $42,000 after buying an additional 1,267 shares during the last quarter. 83.33% of the stock is owned by institutional investors.

Insider Activity at Zurn Elkay Water Solutions

In related news, CFO David J. Pauli sold 4,070 shares of Zurn Elkay Water Solutions stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $39.15, for a total transaction of $159,340.50. Following the sale, the chief financial officer now directly owns 47,572 shares of the company’s stock, valued at approximately $1,862,443.80. The trade was a 7.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Jeffrey J. Lavalle sold 3,132 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $39.15, for a total transaction of $122,617.80. Following the completion of the transaction, the vice president now directly owns 35,422 shares of the company’s stock, valued at approximately $1,386,771.30. The trade was a 8.12 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 225,688 shares of company stock worth $8,400,151. Company insiders own 3.80% of the company’s stock.

Zurn Elkay Water Solutions Price Performance

Shares of NYSE ZWS opened at $39.93 on Monday. The firm has a market cap of $6.78 billion, a P/E ratio of 50.54, a price-to-earnings-growth ratio of 1.99 and a beta of 1.14. The business’s 50 day moving average is $36.85 and its 200-day moving average is $33.09. The company has a current ratio of 2.70, a quick ratio of 1.71 and a debt-to-equity ratio of 0.31. Zurn Elkay Water Solutions Co. has a 1-year low of $27.55 and a 1-year high of $40.64.

Zurn Elkay Water Solutions (NYSE:ZWS) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.02. The firm had revenue of $410.00 million for the quarter, compared to analysts’ expectations of $406.15 million. Zurn Elkay Water Solutions had a return on equity of 13.30% and a net margin of 8.87%. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.29 EPS. Equities research analysts predict that Zurn Elkay Water Solutions Co. will post 1.24 earnings per share for the current year.

Zurn Elkay Water Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Wednesday, November 20th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.90%. This is an increase from Zurn Elkay Water Solutions’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Wednesday, November 20th. Zurn Elkay Water Solutions’s payout ratio is presently 45.57%.

Analyst Ratings Changes

A number of brokerages have commented on ZWS. Stifel Nicolaus increased their price target on shares of Zurn Elkay Water Solutions from $34.00 to $36.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft raised their target price on shares of 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 upped their price objective on 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 lifted 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 increased their price target on Zurn Elkay Water Solutions from $37.00 to $39.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $38.17.

About Zurn Elkay Water Solutions

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.