Zurn Elkay Water Solutions Corp (ZWS) concluded trading on Wednesday at a closing price of $33.20, with 3.35 million shares of worth about $111.08 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 11.00% during that period and on Wednesday February 7 the price saw a gain of about 4.17%. Currently the company’s common shares owned by public are about 172.26M shares, out of which, 140.94M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 47 times over the past 12 months. They bought 535,021 shares in 32 of the transactions. In 15 selling transactions, insiders dumped 340,770 shares.
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However, the stock later moved at a day high price of 33.95, or with a gain of 4.17%. Stock saw a price change of 11.97% in past 5 days and over the past one month there was a price change of 18.36%. Year-to-date (YTD), ZWS shares are showing a performance of 12.89% which increased to 48.88% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $19.29 but also hit the highest price of $31.97 during that period. The average intraday trading volume for Zurn Elkay Water Solutions Corp shares is 1.24 million. The stock is currently trading 13.01% above its 20-day simple moving average (SMA20), while that difference is up 12.94% for SMA50 and it goes to 21.69% higher than SMA200.
Zurn Elkay Water Solutions Corp (NYSE: ZWS) currently have 172.26M outstanding shares and institutions hold larger chunk of about 83.59% of that.
The stock has a current market capitalization of $5.74B and its 3Y-monthly beta is at 1.23. PE ratio of stock for trailing 12 months is 52.04, while it has posted earnings per share of $0.64 in the same period. Its PEG reads 4.51 and has Quick Ratio of 1.77 while making debt-to-equity ratio of 0.34. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ZWS, volatility over the week remained 3.38% while standing at 2.38% over the month.
Analysts are in expectations that Zurn Elkay Water Solutions Corp (ZWS) stock would likely to be making an EPS of $0.23 in the current quarter, while forecast for next quarter EPS is $0.24 and it is $1.09 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.23 which is $0.23 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.16 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 13.40% while it is estimated to increase by 10.13% in next year. EPS is likely to shrink at an annualized rate of 11.54% for next 5-years, compared to annual growth of 18.47% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Stifel on December 19, 2023 offering a Hold rating for the stock and assigned a target price of $31 to it.
