Zurn Elkay Water Solutions Corp (NYSE: ZWS) is 33.25% higher on its value in year-to-date trading and has touched a low of $27.55 and a high of $40.64 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 $39.91 in the last trading session, with the day’s loss setting it -0.72%.
Currently trading at $39.19, the stock is 5.94% and 11.36% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.61 million and changing -1.80% at the moment leaves the stock 21.31% off its SMA200. ZWS registered 38.48% gain for a year compared to 6-month gain of 20.99%. The firm has a 50-day simple moving average (SMA 50) of $35.0462 and a 200-day simple moving average (SMA200) of $32.2522.
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The stock witnessed a 7.96% loss in the last 1 month and extending the period to 3 months gives it a 29.17%, and is 8.56% 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 3.10% over the week and 2.20% over the month.
Zurn Elkay Water Solutions Corp (ZWS) has around 2400 employees, a market worth around $6.65B and $1.55B in sales. Current P/E ratio is 49.70 and Fwd P/E is 29.19. Profit margin for the company is 8.87%. Distance from 52-week low is 42.25% and -3.57% from its 52-week high. The company has generated returns on investments over the last 12 months (6.47%).
Zurn Elkay Water Solutions Corp quarterly earnings per share for the current quarter are estimated at 0.28 with sales reaching $366.41M over the same period.The EPS is expected to grow by 27.71% this year, but quarterly earnings will post 2.10% year-over-year. Quarterly sales are estimated to grow 2.70% in year-over-year returns.
415.0 institutions hold shares in Zurn Elkay Water Solutions Corp (ZWS), with institutional investors hold 89.79% of the company’s shares. The shares outstanding are 172.26M, and float is at 142.45M with Short Float at 5.58%. Institutions hold 87.63% 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 ADAMS TODD A., the company’s Chairman and CEO. SEC filings show that ADAMS TODD A. sold 167,508 shares of the company’s common stock on Nov 07 ’24 at a price of $39.15 per share for a total of $6.56 million. Following the sale, the insider now owns 2.27 million shares.
Zurn Elkay Water Solutions Corp disclosed in a document filed with the SEC on Nov 06 ’24 that ADAMS TODD A. (Chairman and CEO) sold a total of 120,000 shares of the company’s common stock. The trade occurred on Nov 06 ’24 and was made at $39.83 per share for $4.78 million. Following the transaction, the insider now directly holds 2.24 million shares of the ZWS stock.
Still, SEC filings show that on Nov 07 ’24, PETERSON MARK W (Chief Administrative Officer) disposed off 22,203 shares at an average price of $39.15 for $0.87 million. The insider now directly holds 383,910 shares of Zurn Elkay Water Solutions Corp (ZWS).
