A significant driver of top-line growth: Zurn Elkay Water Solutions Corp (ZWS)

With 1.61 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.27 million shares. During the session, the Pollution & Treatment Controls company that operates in wider Industrials sector, reached to the highest price of $33.57 whereas the lowest price it dropped to was $32.65. The 52-week range on ZWS shows that it touched its highest point at $33.95 and its lowest point at $19.29 during that stretch. It currently has a 1-year price target of $34.00. With its current market cap of 5.75 billion, ZWS has annualized dividend of $0.26 while the current yield stands at 0.79%. Beta for the stock currently stands at 1.24.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ZWS was up-trending over the past week, with a rise of 9.88%, but this was up by 18.58% over a month. Three-month performance surged to 17.49% while six-month performance rose 12.64%. The stock gained 48.64% in the past year, while it has gained 13.06% so far this year. A look at the trailing 12-month EPS for ZWS yields 0.64 with Next year EPS estimates of 1.26. For the next quarter, that number is 0.25. This implies an EPS growth rate of 17.38% for this year and 10.67% for next year. EPS is expected to grow by 11.54% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 18.47%.

Float and Shares Shorts:

At present, 172.26 million ZWS shares are outstanding with a float of 143.78 million shares on hand for trading. On Jan 11, 2024, short shares totaled 6.23 million, which was 3.60% higher than short shares on Dec 14, 2023. In addition to Mr. Todd A. Adams as the firm’s CEO & Chairman, Mr. Mark W. Peterson serves as its Senior VP & CFO.

Institutional Ownership:

Through their ownership of 84.42% of ZWS’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ZWS since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With ZWS analysts setting a high price target of $36.00 and a low target of $30.00, the average target price over the next 12 months is $33.50. Based on these targets, ZWS could surge 8.27% to reach the target high and fall by -9.77% to reach the target low. Reaching the average price target will result in a growth of 0.75% from current levels.

Summary of Insider Activity:

Insiders traded ZWS stock several times over the past three months with 2 Buys and 3 Sells. In these transactions, 154,386 shares were bought while 131,759 shares were sold. The number of buy transactions has increased to 32 while that of sell transactions has risen to 15 over the past year. The total number of shares bought during that period was 535,021 while 340,770 shares were sold.