Jackson Creek Investment Advisors LLC Sells 1,364 Shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Jackson Creek Investment Advisors LLC lessened its holdings in Zurn Elkay Water Solutions Co. (NYSE:ZWS) by 3.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 44,058 shares of the company’s stock after selling 1,364 shares during the quarter. Jackson Creek Investment Advisors LLC’s holdings in Zurn Elkay Water Solutions were worth $1,643,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. HighTower Advisors LLC grew its stake in shares of Zurn Elkay Water Solutions by 3.3% during the third quarter. HighTower Advisors LLC now owns 8,092 shares of the company’s stock valued at $293,000 after buying an additional 259 shares during the last quarter. DAVENPORT & Co LLC grew its position in Zurn Elkay Water Solutions by 3.2% during the 4th quarter. DAVENPORT & Co LLC now owns 8,559 shares of the company’s stock worth $319,000 after acquiring an additional 269 shares during the last quarter. Sanctuary Advisors LLC increased its stake in Zurn Elkay Water Solutions by 0.7% in the 4th quarter. Sanctuary Advisors LLC now owns 58,208 shares of the company’s stock worth $2,288,000 after purchasing an additional 389 shares during the period. Venturi Wealth Management LLC lifted its position in Zurn Elkay Water Solutions by 4.8% in the fourth quarter. Venturi Wealth Management LLC now owns 9,441 shares of the company’s stock valued at $352,000 after purchasing an additional 430 shares during the last quarter. Finally, MML Investors Services LLC lifted its position in Zurn Elkay Water Solutions by 2.5% in the third quarter. MML Investors Services LLC now owns 18,077 shares of the company’s stock valued at $650,000 after purchasing an additional 449 shares during the last quarter. 83.33% of the stock is owned by institutional investors.

Zurn Elkay Water Solutions Trading Up 0.8 %

ZWS opened at $34.56 on Friday. Zurn Elkay Water Solutions Co. has a one year low of $28.25 and a one year high of $41.15. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.91 and a quick ratio of 1.81. The business has a 50 day simple moving average of $37.01 and a two-hundred day simple moving average of $36.61. The firm has a market capitalization of $5.88 billion, a price-to-earnings ratio of 37.56, a PEG ratio of 2.01 and a beta of 1.16.

Zurn Elkay Water Solutions (NYSE:ZWS) last announced its earnings results on Tuesday, February 4th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.04. Zurn Elkay Water Solutions had a return on equity of 14.03% and a net margin of 10.23%. Analysts predict that Zurn Elkay Water Solutions Co. will post 1.36 EPS for the current year.

Zurn Elkay Water Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Thursday, February 20th will be given a $0.09 dividend. The ex-dividend date is Thursday, February 20th. This represents a $0.36 annualized dividend and a dividend yield of 1.04%. Zurn Elkay Water Solutions’s dividend payout ratio is 39.13%.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus lifted their target price on shares of Zurn Elkay Water Solutions from $38.00 to $39.00 and gave the stock a “hold” rating in a research note on Friday, January 24th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Zurn Elkay Water Solutions has an average rating of “Moderate Buy” and a consensus target price of $38.67.

Insider Activity

In other news, major shareholder Aimee Katz sold 8,912,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $33.60, for a total value of $299,460,000.00. Following the completion of the transaction, the insider now owns 15,002,819 shares in the company, valued at $504,094,718.40. This trade represents a 37.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO David J. Pauli sold 8,390 shares of the company’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $35.47, for a total value of $297,593.30. Following the completion of the sale, the chief financial officer now directly owns 59,410 shares in the company, valued at approximately $2,107,272.70. The trade was a 12.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.80% of the company’s stock.

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.