State of Alaska Department of Revenue Has $3.02 Million Stock Holdings in Zurn Elkay Water Solutions Co. (NYSE:ZWS)

State of Alaska Department of Revenue lowered its position in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS) by 1.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 81,020 shares of the company’s stock after selling 890 shares during the quarter. State of Alaska Department of Revenue’s holdings in Zurn Elkay Water Solutions were worth $3,022,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Barclays PLC increased its position in shares of Zurn Elkay Water Solutions by 85.7% in the 3rd quarter. Barclays PLC now owns 304,731 shares of the company’s stock valued at $10,952,000 after buying an additional 140,624 shares in the last quarter. Principal Financial Group Inc. grew its stake in Zurn Elkay Water Solutions by 49.6% in the third quarter. Principal Financial Group Inc. now owns 2,619,953 shares of the company’s stock valued at $94,161,000 after acquiring an additional 868,748 shares during the period. Global Alpha Capital Management Ltd. increased its holdings in shares of Zurn Elkay Water Solutions by 23.1% in the third quarter. Global Alpha Capital Management Ltd. now owns 92,448 shares of the company’s stock worth $3,323,000 after acquiring an additional 17,350 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Zurn Elkay Water Solutions by 25.6% during the third quarter. JPMorgan Chase & Co. now owns 1,615,944 shares of the company’s stock worth $58,077,000 after purchasing an additional 329,563 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Zurn Elkay Water Solutions by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 3,256,457 shares of the company’s stock valued at $117,060,000 after purchasing an additional 35,570 shares in the last quarter. Institutional investors own 83.33% of the company’s stock.

Zurn Elkay Water Solutions Price Performance

Shares of ZWS opened at $38.19 on Monday. The company has a 50 day moving average of $38.46 and a 200-day moving average of $36.06. The company has a quick ratio of 1.71, a current ratio of 2.70 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $6.48 billion, a P/E ratio of 41.51, a P/E/G ratio of 1.78 and a beta of 1.15. Zurn Elkay Water Solutions Co. has a twelve month low of $28.25 and a twelve month high of $41.15.

Zurn Elkay Water Solutions (NYSE:ZWS) last released its earnings results on Tuesday, February 4th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.04. Zurn Elkay Water Solutions had a net margin of 10.23% and a return on equity of 14.01%. As a group, equities research analysts forecast that Zurn Elkay Water Solutions Co. will post 1.35 EPS for the current fiscal year.

Zurn Elkay Water Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Thursday, February 20th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $0.36 annualized dividend and a yield of 0.94%. Zurn Elkay Water Solutions’s payout ratio is presently 39.13%.

Wall Street Analysts Forecast Growth

ZWS has been the subject of a number of research reports. Robert W. Baird increased their target price on Zurn Elkay Water Solutions from $37.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Stifel Nicolaus increased their price objective on shares of Zurn Elkay Water Solutions from $38.00 to $39.00 and gave the stock a “hold” rating in a research report on Friday, January 24th. Oppenheimer raised their price objective 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. Finally, Mizuho upped their target price on shares of Zurn Elkay Water Solutions from $34.00 to $37.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Zurn Elkay Water Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $38.67.

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.