Zurn Elkay Water Solutions (NYSE:ZWS) Given New $34.00 Price Target at The Goldman Sachs Group

Zurn Elkay Water Solutions (NYSE:ZWS) had its target price cut by The Goldman Sachs Group from $39.00 to $34.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. The Goldman Sachs Group’s price target points to a potential upside of 10.90% from the stock’s current price.

Separately, Stifel Nicolaus boosted their target price on Zurn Elkay Water Solutions from $38.00 to $39.00 and gave the company a “hold” rating in a research note on Friday, January 24th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $37.67.

Zurn Elkay Water Solutions Trading Down 8.5 %

ZWS stock opened at $30.66 on Wednesday. The company has a market capitalization of $5.17 billion, a PE ratio of 33.32, a price-to-earnings-growth ratio of 2.01 and a beta of 1.16. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.81 and a current ratio of 2.91. Zurn Elkay Water Solutions has a one year low of $28.25 and a one year high of $41.15. The company’s 50 day moving average price is $35.40 and its two-hundred day moving average price is $36.85.

Zurn Elkay Water Solutions (NYSE:ZWS) last issued its earnings results on Tuesday, February 4th. The company reported $0.32 EPS for the quarter, topping 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 14.03%. As a group, analysts predict that Zurn Elkay Water Solutions will post 1.36 earnings per share for the current fiscal year.

Insider Buying and Selling at Zurn Elkay Water Solutions

In other news, CFO David J. Pauli sold 8,390 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $35.47, for a total transaction of $297,593.30. Following the transaction, the chief financial officer now directly owns 59,410 shares of the company’s stock, valued at approximately $2,107,272.70. The trade was a 12.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Aimee Katz sold 8,912,500 shares of the firm’s stock in a transaction 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 sale, the insider now directly owns 15,002,819 shares of the company’s stock, valued at $504,094,718.40. The trade was a 37.27 % decrease in their position. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Zurn Elkay Water Solutions

Several hedge funds and other institutional investors have recently modified their holdings of ZWS. Central Pacific Bank Trust Division boosted its position in Zurn Elkay Water Solutions by 31.0% during the 1st quarter. Central Pacific Bank Trust Division now owns 4,400 shares of the company’s stock valued at $145,000 after acquiring an additional 1,040 shares in the last quarter. Jefferies Financial Group Inc. purchased a new position in shares of Zurn Elkay Water Solutions in the 4th quarter valued at approximately $2,302,000. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Zurn Elkay Water Solutions by 0.7% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 13,563,362 shares of the company’s stock valued at $505,913,000 after purchasing an additional 91,758 shares in the last quarter. Castlekeep Investment Advisors LLC purchased a new stake in Zurn Elkay Water Solutions in the fourth quarter worth $341,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Zurn Elkay Water Solutions by 6.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 464,637 shares of the company’s stock worth $17,331,000 after purchasing an additional 28,528 shares in the last quarter. Hedge funds and other institutional investors own 83.33% of the company’s stock.

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.