Captrust Financial Advisors Has $281,000 Stock Holdings in Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Captrust Financial Advisors increased its holdings in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS) by 7.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,832 shares of the company’s stock after buying an additional 570 shares during the quarter. Captrust Financial Advisors’ holdings in Zurn Elkay Water Solutions were worth $281,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Cetera Advisors LLC purchased a new position in Zurn Elkay Water Solutions during the 1st quarter valued at about $209,000. SG Americas Securities LLC increased its stake in Zurn Elkay Water Solutions by 228.1% in the 2nd quarter. SG Americas Securities LLC now owns 18,675 shares of the company’s stock valued at $549,000 after buying an additional 12,983 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in Zurn Elkay Water Solutions by 8.4% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 22,540 shares of the company’s stock worth $663,000 after buying an additional 1,754 shares in the last quarter. Raymond James & Associates boosted its stake in shares of Zurn Elkay Water Solutions by 3.8% during the 2nd quarter. Raymond James & Associates now owns 1,371,832 shares of the company’s stock valued at $40,332,000 after buying an additional 50,076 shares during the period. Finally, Neo Ivy Capital Management purchased a new position in shares of Zurn Elkay Water Solutions during the 2nd quarter valued at $2,569,000. 83.33% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Zurn Elkay Water Solutions news, VP Jeffrey J. Lavalle sold 3,132 shares of Zurn Elkay Water Solutions stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $39.15, for a total value of $122,617.80. Following the transaction, the vice president now directly owns 35,422 shares of the company’s stock, valued at $1,386,771.30. The trade was a 8.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO David J. Pauli sold 4,070 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 value of $159,340.50. Following the completion of the sale, the chief financial officer now directly owns 47,572 shares of the company’s stock, valued at $1,862,443.80. This represents a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 157,237 shares of company stock valued at $6,164,583. Insiders own 3.80% of the company’s stock.

Zurn Elkay Water Solutions Stock Down 0.6 %

ZWS opened at $39.77 on Friday. Zurn Elkay Water Solutions Co. has a twelve month low of $27.55 and a twelve month high of $41.15. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.71 and a current ratio of 2.70. The business has a 50 day moving average price of $38.38 and a 200 day moving average price of $33.91. The firm has a market cap of $6.75 billion, a P/E ratio of 50.34, a price-to-earnings-growth ratio of 2.05 and a beta of 1.14.

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

Zurn Elkay Water Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Wednesday, November 20th were paid a $0.09 dividend. The ex-dividend date was Wednesday, November 20th. This is a positive change from Zurn Elkay Water Solutions’s previous quarterly dividend of $0.08. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.91%. Zurn Elkay Water Solutions’s payout ratio is presently 45.57%.

Analyst Ratings Changes

A number of analysts recently issued reports on ZWS shares. Robert W. Baird lifted their price objective 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. Mizuho boosted their price target on Zurn Elkay Water Solutions from $34.00 to $37.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Oppenheimer increased 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, Stifel Nicolaus boosted their target price on shares of Zurn Elkay Water Solutions from $36.00 to $38.00 and gave the stock a “hold” rating in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Zurn Elkay Water Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $38.50.

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.