Zurn Elkay Water Solutions Corp (NYSE: ZWS) is 6.56% higher on its value in year-to-date trading and has touched a low of $25.09 and a high of $34.58 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ZWS stock was last observed hovering at around $30.55 in the last trading session, with the day’s gains setting it 0.79%.
Currently trading at $31.34, the stock is 1.13% and 2.88% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.56 million and changing 2.59% at the moment leaves the stock 2.38% off its SMA200. ZWS registered 7.40% gain for a year compared to 6-month loss of -1.14%.
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The stock witnessed a -0.35% gain in the last 1 month and extending the period to 3 months gives it a -4.45%, and is 3.36% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.57% over the week and 2.71% over the month.
Zurn Elkay Water Solutions Corp (ZWS) has around 2400 employees, a market worth around $5.36B and $1.54B in sales. Current P/E ratio is 40.59 and Fwd P/E is 23.79. Profit margin for the company is 8.80%. Distance from 52-week low is 24.91% and -9.37% from its 52-week high. The company has generated returns on investments over the last 12 months (6.37%).
Zurn Elkay Water Solutions Corp quarterly earnings per share for the current quarter are estimated at 0.32 with sales reaching $405.8M over the same period.The EPS is expected to grow by 24.23% this year, but quarterly earnings will post 1.70% year-over-year.
398.0 institutions hold shares in Zurn Elkay Water Solutions Corp (ZWS), with institutional investors hold 87.81% of the company’s shares. The shares outstanding are 172.26M, and float is at 143.52M with Short Float at 2.78%. Institutions hold 85.78% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 13.74 million shares valued at $$459.93 million. The investor’s holdings represent 7.9304 of the ZWS Shares outstanding. As of 2024-03-31, the second largest holder is KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC with 12.87 million shares valued at $$430.86 million to account for 7.4293 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 12.53 million shares representing 7.2339 and valued at over $$419.53 million, while IMPAX ASSET MANAGEMENT GROUP PLC holds 5.197 of the shares totaling 9.01 million with a market value of $$300.77 million.
Zurn Elkay Water Solutions Corp (ZWS) Insider Activity
Zurn Elkay Water Solutions Corp disclosed in a document filed with the SEC on Jul 31 ’24 that JAHNKE TIMOTHY J (Director) sold a total of 4,086 shares of the company’s common stock. The trade occurred on Jul 31 ’24 and was made at $33.01 per share for $0.13 million. Following the transaction, the insider now directly holds 0.39 million shares of the ZWS stock.
Still, SEC filings show that on Jul 31 ’24, JAHNKE TIMOTHY J (Director) Proposed Sale 4,086 shares at an average price of $32.98 for $0.13 million. The insider now directly holds shares of Zurn Elkay Water Solutions Corp (ZWS).
