Ice Mountain Llc Sells 36,938 Shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS) Stock

Zurn Elkay Water Solutions Co. (NYSE:ZWS) major shareholder Ice Mountain Llc sold 36,938 shares of Zurn Elkay Water Solutions stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $30.44, for a total transaction of $1,124,392.72. Following the transaction, the insider now directly owns 23,682,793 shares of the company’s stock, valued at approximately $720,904,218.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Ice Mountain Llc also recently made the following trade(s):

• On Thursday, June 13th, Ice Mountain Llc sold 687 shares of Zurn Elkay Water Solutions stock. The stock was sold at an average price of $31.25, for a total transaction of $21,468.75.
• On Friday, May 24th, Ice Mountain Llc sold 46,380 shares of Zurn Elkay Water Solutions stock. The shares were sold at an average price of $32.00, for a total transaction of $1,484,160.00.
• On Wednesday, May 22nd, Ice Mountain Llc sold 48,388 shares of Zurn Elkay Water Solutions stock. The shares were sold at an average price of $32.97, for a total transaction of $1,595,352.36.
• On Monday, April 22nd, Ice Mountain Llc sold 249,582 shares of Zurn Elkay Water Solutions stock. The shares were sold at an average price of $32.04, for a total transaction of $7,996,607.28.
• On Friday, April 19th, Ice Mountain Llc sold 43,690 shares of Zurn Elkay Water Solutions stock. The shares were sold at an average price of $31.93, for a total transaction of $1,395,021.70.
• On Monday, April 15th, Ice Mountain Llc sold 103,768 shares of Zurn Elkay Water Solutions stock. The shares were sold at an average price of $31.96, for a total transaction of $3,316,425.28.
• On Thursday, April 11th, Ice Mountain Llc sold 1,223 shares of Zurn Elkay Water Solutions stock. The shares were sold at an average price of $32.20, for a total transaction of $39,380.60.
• On Monday, April 8th, Ice Mountain Llc sold 49,828 shares of Zurn Elkay Water Solutions stock. The shares were sold at an average price of $32.07, for a total transaction of $1,597,983.96.
• On Friday, April 5th, Ice Mountain Llc sold 50,172 shares of Zurn Elkay Water Solutions stock. The shares were sold at an average price of $32.18, for a total transaction of $1,614,534.96.

Zurn Elkay Water Solutions Stock Down 1.2 %

ZWS opened at $29.73 on Wednesday. The company has a quick ratio of 1.95, a current ratio of 3.31 and a debt-to-equity ratio of 0.31. The stock has a market cap of $5.13 billion, a price-to-earnings ratio of 41.87, a PEG ratio of 1.59 and a beta of 1.19. Zurn Elkay Water Solutions Co. has a twelve month low of $25.09 and a twelve month high of $34.58. The company’s 50-day moving average price is $31.46 and its two-hundred day moving average price is $31.01.

Zurn Elkay Water Solutions (NYSE:ZWS) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.03. Zurn Elkay Water Solutions had a net margin of 8.11% and a return on equity of 11.85%. The company had revenue of $374.00 million for the quarter, compared to analyst estimates of $369.43 million. During the same quarter in the previous year, the firm posted $0.18 earnings per share. The company’s quarterly revenue was up .5% compared to the same quarter last year. As a group, equities analysts expect that Zurn Elkay Water Solutions Co. will post 1.18 earnings per share for the current year.

Zurn Elkay Water Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Monday, May 20th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.08%. The ex-dividend date was Friday, May 17th. Zurn Elkay Water Solutions’s dividend payout ratio (DPR) is currently 45.07%.

Wall Street Analysts Forecast Growth

ZWS has been the topic of several analyst reports. BNP Paribas initiated coverage on shares of Zurn Elkay Water Solutions in a report on Tuesday, March 12th. They set an “outperform” rating and a $40.00 price target on the stock. Deutsche Bank Aktiengesellschaft cut their price target on shares of Zurn Elkay Water Solutions from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Finally, Oppenheimer boosted their price target on shares of Zurn Elkay Water Solutions from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, April 12th. Five 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, Zurn Elkay Water Solutions presently has a consensus rating of “Hold” and a consensus target price of $33.50.

Institutional Trading of Zurn Elkay Water Solutions

Hedge funds and other institutional investors have recently modified their holdings of the business. Principal Securities Inc. bought a new stake in shares of Zurn Elkay Water Solutions in the fourth quarter valued at approximately $34,000. Benjamin Edwards Inc. bought a new stake in shares of Zurn Elkay Water Solutions in the fourth quarter valued at approximately $42,000. EntryPoint Capital LLC increased its holdings in Zurn Elkay Water Solutions by 649.1% during the 1st quarter. EntryPoint Capital LLC now owns 1,603 shares of the company’s stock worth $54,000 after acquiring an additional 1,389 shares during the period. Kapitalo Investimentos Ltda bought a new stake in Zurn Elkay Water Solutions during the 4th quarter worth approximately $76,000. Finally, Assetmark Inc. increased its holdings in Zurn Elkay Water Solutions by 32.9% during the 4th quarter. Assetmark Inc. now owns 2,898 shares of the company’s stock worth $85,000 after acquiring an additional 718 shares during the period. Institutional investors own 83.33% 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.