Zurn Elkay Water Solutions Corp (NYSE: ZWS) is 11.76% 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 $32.48 in the last trading session, with the day’s gains setting it 0.39%.
Currently trading at $32.87, the stock is 3.99% and 5.88% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.22 million and changing 1.20% at the moment leaves the stock 6.33% off its SMA200. ZWS registered 16.44% gain for a year compared to 6-month loss of 4.82%.
The stock witnessed a 7.59% gain in the last 1 month and extending the period to 3 months gives it a 5.42%, and is 10.64% 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 3.28% over the week and 2.20% over the month.
Zurn Elkay Water Solutions Corp (ZWS) has around 2400 employees, a market worth around $5.62B and $1.54B in sales. Current P/E ratio is 42.57 and Fwd P/E is 24.95. Profit margin for the company is 8.80%. Distance from 52-week low is 31.01% and -4.94% from its 52-week high. The company has generated returns on investments over the last 12 months (6.37%).
The EPS is expected to grow by 24.23% this year.
Zurn Elkay Water Solutions Corp (ZWS) Top Institutional Holders
401.0 institutions hold shares in Zurn Elkay Water Solutions Corp (ZWS), with institutional investors hold 87.34% of the company’s shares. The shares outstanding are 172.26M, and float is at 143.23M with Short Float at 2.89%. Institutions hold 85.31% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 13.88 million shares valued at $408.09 million. The investor’s holdings represent 8.0108% of the ZWS Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 13.44 million shares valued at $395.21 million to account for 7.7579 of the shares outstanding. The other top investors are KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC which holds 13.14 million shares representing 7.5827% and valued at over $386.29 million, while IMPAX ASSET MANAGEMENT GROUP PLC holds 4.8794 of the shares totaling 8.45 million with a market value of $248.02 million.
Zurn Elkay Water Solutions Corp (ZWS) Insider Activity
The most recent transaction is an insider sale by Chhabra Sudhanshu, the company’s VP-Zurn Business Systems. SEC filings show that Chhabra Sudhanshu sold 52,851 shares of the company’s common stock on Sep 12 ’24 at a price of $32.55 per share for a total of $1.72 million. Following the sale, the insider now owns 80151.0 shares.
Still, SEC filings show that on Sep 09 ’24, JAHNKE TIMOTHY J (Director) disposed off 15,600 shares at an average price of $33.03 for $0.52 million. The insider now directly holds 385,017 shares of Zurn Elkay Water Solutions Corp (ZWS).
