Thrivent Financial for Lutherans Has $4.11 Million Stock Position in Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Thrivent Financial for Lutherans lowered its position in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 110,192 shares of the company’s stock after selling 2,559 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.06% of Zurn Elkay Water Solutions worth $4,110,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. State Street Corp raised its holdings in Zurn Elkay Water Solutions by 63.8% during the 3rd quarter. State Street Corp now owns 5,441,980 shares of the company’s stock worth $195,585,000 after purchasing an additional 2,119,777 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Zurn Elkay Water Solutions by 1.1% during the third quarter. Geode Capital Management LLC now owns 3,256,457 shares of the company’s stock worth $117,060,000 after buying an additional 35,570 shares during the last quarter. Principal Financial Group Inc. lifted its holdings 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 buying an additional 868,748 shares during the period. Crescent Grove Advisors LLC boosted its stake in Zurn Elkay Water Solutions by 5.7% in the fourth quarter. Crescent Grove Advisors LLC now owns 2,435,447 shares of the company’s stock valued at $90,842,000 after acquiring an additional 130,732 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Zurn Elkay Water Solutions in the fourth quarter valued at approximately $80,457,000. Institutional investors and hedge funds own 83.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus upped their target price on shares of Zurn Elkay Water Solutions from $38.00 to $39.00 and gave the company a “hold” rating in a research report on Friday, January 24th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $38.40.

Insider Buying and Selling at Zurn Elkay Water Solutions

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

Zurn Elkay Water Solutions Stock Down 0.4 %

Zurn Elkay Water Solutions stock opened at $34.21 on Wednesday. The firm has a market capitalization of $5.77 billion, a price-to-earnings ratio of 37.18, a PEG ratio of 2.01 and a beta of 1.16. The company’s 50 day simple moving average is $36.15 and its 200 day simple moving average is $36.88. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.91 and a quick ratio of 1.81. Zurn Elkay Water Solutions Co. has a fifty-two week low of $28.25 and a fifty-two week high of $41.15.

Zurn Elkay Water Solutions (NYSE:ZWS) last posted its earnings results on Tuesday, February 4th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.04. Zurn Elkay Water Solutions had a net margin of 10.23% and a return on equity of 14.03%. As a group, sell-side analysts anticipate that Zurn Elkay Water Solutions Co. will post 1.36 EPS for the current year.

Zurn Elkay Water Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Thursday, February 20th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $0.36 annualized dividend and a yield of 1.05%. Zurn Elkay Water Solutions’s dividend payout ratio is presently 39.13%.

Zurn Elkay Water Solutions 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.