Make Sure You Stick With Zurn Elkay Water Solutions Corp (ZWS). It’s Bull Time Again

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Earlier, Yahoo Finance discussed this stock as it revealed Zurn Elkay Water Solutions Schedules Fourth Quarter 2023 Earnings Release and Investor Conference Call.

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Stocks Info

Zurn Elkay Water Solutions Corp is listed on the NYSE in the Industrials sector while operating in the Pollution & Treatment Controls industry. At the end of the last regular session, the stock closed at $29.65 and fluctuated between $30.46 as its day high and $29.57 as its day low. The current market capitalization of Zurn Elkay Water Solutions Corp is $5.12B. A total of 1.12 million shares were traded on the day, compared to an average of 1.30M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, ZWS has seen 3 BUY and 4 SELL insider trades, representing the acquisition of 209,519 and the disposition of 186,892 shares. Over the last 12 months, there were 32 BUYs and 15 SELLs from insiders. Insiders purchased 535,021 shares during that period but sold 340,770.

In the most recent transaction, Troutman Michael sold 35,082 shares of ZWS for 29.75 per share on Nov 17. After the transaction, the Chief Information Officer now owns 32,008 company shares. In a previous transaction on Nov 02, Wehr Craig sold 55,133 shares at 28.09 per share. ZWS shares that Group Ex., President-Zurn owns now total 81,905.

Among the insiders who sold shares, Wehr Craig disposed of 1,442 shares on Feb 16 at a per-share price of $23.17. This resulted in the Group Ex., President-Zurn holding 82,640 shares of ZWS after the transaction. In another insider transaction, Jackson Rodney sold 970 shares at $23.17 per share on Feb 16. Company shares held by the SVP-Bus.&Corp. Development now total 119,778.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Zurn Elkay Water Solutions Corp pays an annual dividend of $0.24, resulting in a dividend yield of 0.80%, and it has a price to earnings (P/E) ratio of 48.13. ZWS’s most recent ex-dividend date was 11/17/2023 when it declared a $0.08 quarterly dividend that was paid in cash on 12/7/2023. Previously, the company paid the dividend on 9/7/2023 with an ex-dividend date of 8/17/2023. The ZWS stock dividend was $0.07 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, ZWS has a high of $30.87 and a low of $19.29.

As of this writing, ZWS has an earnings estimate of $0.23 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.23 per share and a lower estimate of $0.23. The company reported an EPS of $0.24 in the last quarter, which was 9.10% higher than expectations of $0.22.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. ZWS’s latest balance sheet shows that the firm has $96.60M in Cash & Short Term Investments as of fiscal 2021. There were $554.50M in debt and $240.40M in liabilities at the time. Its Book Value Per Share was $9.34, while its Total Shareholder’s Equity was $126.40M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ZWS is Buy with a score of 3.86.

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