Mizuho Increases Zurn Elkay Water Solutions (NYSE:ZWS) Price Target to $37.00

Zurn Elkay Water Solutions (NYSE:ZWS) had its target price raised by investment analysts at Mizuho from $34.00 to $37.00 in a report released on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Mizuho’s price objective suggests a potential downside of 0.22% from the company’s previous close.

A number of other equities analysts have also commented on ZWS. Robert W. Baird lifted their price target on shares of Zurn Elkay Water Solutions from $37.00 to $39.00 and gave the stock a “neutral” rating in a report on Thursday. Oppenheimer lifted their price target on shares of Zurn Elkay Water Solutions from $37.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Zurn Elkay Water Solutions from $35.00 to $37.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Stifel Nicolaus lifted their price target on shares of Zurn Elkay Water Solutions from $34.00 to $36.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Zurn Elkay Water Solutions currently has an average rating of “Hold” and a consensus target price of $38.17.

Zurn Elkay Water Solutions Stock Performance

Shares of Zurn Elkay Water Solutions stock opened at $37.08 on Thursday. Zurn Elkay Water Solutions has a fifty-two week low of $27.55 and a fifty-two week high of $38.11. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.70 and a quick ratio of 1.75. The firm has a market capitalization of $6.29 billion, a P/E ratio of 46.94, a P/E/G ratio of 1.93 and a beta of 1.14. The company’s 50 day moving average price is $34.66 and its two-hundred day moving average price is $32.31.

Zurn Elkay Water Solutions (NYSE:ZWS) last issued its earnings results on Tuesday, October 29th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. Zurn Elkay Water Solutions had a net margin of 8.87% and a return on equity of 13.30%. The firm had revenue of $410.00 million for the quarter, compared to analyst estimates of $406.15 million. During the same quarter last year, the business posted $0.29 earnings per share. The company’s quarterly revenue was up 2.9% on a year-over-year basis. On average, equities analysts forecast that Zurn Elkay Water Solutions will post 1.21 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, VP Sudhanshu Chhabra sold 52,851 shares of Zurn Elkay Water Solutions stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $32.55, for a total transaction of $1,720,300.05. Following the completion of the transaction, the vice president now owns 80,151 shares of the company’s stock, valued at $2,608,915.05. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Zurn Elkay Water Solutions news, VP Sudhanshu Chhabra sold 52,851 shares of Zurn Elkay Water Solutions stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $32.55, for a total value of $1,720,300.05. Following the completion of the sale, the vice president now directly owns 80,151 shares of the company’s stock, valued at approximately $2,608,915.05. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Timothy J. Jahnke sold 10,035 shares of Zurn Elkay Water Solutions stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $35.00, for a total transaction of $351,225.00. Following the completion of the sale, the director now directly owns 374,982 shares of the company’s stock, valued at approximately $13,124,370. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 98,486 shares of company stock valued at $3,338,593 over the last quarter. Insiders own 3.80% of the company’s stock.

Institutional Investors Weigh In On Zurn Elkay Water Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sei Investments Co. increased its stake in Zurn Elkay Water Solutions by 11.1% in the second quarter. Sei Investments Co. now owns 211,183 shares of the company’s stock valued at $6,209,000 after purchasing an additional 21,081 shares in the last quarter. Hsbc Holdings PLC increased its stake in Zurn Elkay Water Solutions by 209.9% in the second quarter. Hsbc Holdings PLC now owns 82,640 shares of the company’s stock valued at $2,411,000 after purchasing an additional 55,970 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in Zurn Elkay Water Solutions in the second quarter valued at $431,000. AQR Capital Management LLC bought a new stake in Zurn Elkay Water Solutions in the second quarter valued at $1,068,000. Finally, Epoch Investment Partners Inc. bought a new stake in shares of Zurn Elkay Water Solutions during the first quarter worth about $7,674,000. 83.33% of the stock is owned by institutional investors.

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.