LVW Advisors LLC Has $626,000 Stock Holdings in Zurn Elkay Water Solutions Co. (NYSE:ZWS)

LVW Advisors LLC lessened its stake in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS) by 3.3% during the 1st quarter, HoldingsChannel reports. The firm owned 18,710 shares of the company’s stock after selling 635 shares during the quarter. LVW Advisors LLC’s holdings in Zurn Elkay Water Solutions were worth $626,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA grew its stake in shares of Zurn Elkay Water Solutions by 1.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 20,109 shares of the company’s stock worth $591,000 after acquiring an additional 359 shares during the last quarter. Assetmark Inc. grew its stake in shares of Zurn Elkay Water Solutions by 32.9% in the fourth quarter. Assetmark Inc. now owns 2,898 shares of the company’s stock worth $85,000 after acquiring an additional 718 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Zurn Elkay Water Solutions by 16.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 6,900 shares of the company’s stock worth $203,000 after acquiring an additional 1,000 shares during the last quarter. Principal Securities Inc. acquired a new stake in shares of Zurn Elkay Water Solutions in the fourth quarter worth $34,000. Finally, Benjamin Edwards Inc. acquired a new stake in shares of Zurn Elkay Water Solutions in the fourth quarter worth $42,000. Institutional investors and hedge funds own 83.33% of the company’s stock.

Zurn Elkay Water Solutions Stock Down 2.2 %

Shares of NYSE ZWS opened at $28.76 on Tuesday. The stock has a market cap of $4.97 billion, a PE ratio of 40.51, a PEG ratio of 1.53 and a beta of 1.16. The business has a fifty day moving average of $31.32 and a two-hundred day moving average of $31.01. Zurn Elkay Water Solutions Co. has a 52-week low of $25.09 and a 52-week high of $34.58. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.95 and a current ratio of 3.31.

Zurn Elkay Water Solutions (NYSE:ZWS) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.03. The company had revenue of $374.00 million during the quarter, compared to analysts’ expectations of $369.43 million. Zurn Elkay Water Solutions had a return on equity of 11.85% and a net margin of 8.11%. The business’s revenue was up .5% on a year-over-year basis. During the same period last year, the business earned $0.18 earnings per share. As a group, equities research analysts expect that Zurn Elkay Water Solutions Co. will post 1.18 earnings per share for the current fiscal year.

Zurn Elkay Water Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Monday, May 20th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, May 17th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.11%. Zurn Elkay Water Solutions’s payout ratio is presently 45.07%.

Insider Buying and Selling at Zurn Elkay Water Solutions

In related news, Director Thomas Christopoul sold 10,495 shares of Zurn Elkay Water Solutions stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $32.11, for a total value of $336,994.45. Following the completion of the transaction, the director now directly owns 104,844 shares of the company’s stock, valued at $3,366,540.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, major shareholder Ice Mountain Llc sold 49,828 shares of Zurn Elkay Water Solutions stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $32.07, for a total value of $1,597,983.96. Following the completion of the transaction, the insider now directly owns 24,948,932 shares of the company’s stock, valued at $800,112,249.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas Christopoul sold 10,495 shares of Zurn Elkay Water Solutions stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $32.11, for a total value of $336,994.45. Following the completion of the transaction, the director now directly owns 104,844 shares of the company’s stock, valued at $3,366,540.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 641,465 shares of company stock valued at $20,532,684. 3.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on ZWS shares. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Zurn Elkay Water Solutions from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. BNP Paribas assumed coverage on Zurn Elkay Water Solutions in a research report on Tuesday, March 12th. They issued an “outperform” rating and a $40.00 target price for the company. Finally, Oppenheimer raised their target price on Zurn Elkay Water Solutions from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday, April 12th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $33.50.

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.