As of Friday close, Zurn Elkay Water Solutions Corporation’s (NYSE:ZWS) stock was up $0.06, moving up 0.21 percent to $28.75. The average number of shares traded per day over the past five days has been 711,720 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.62 fall in that time frame. In the last twenty days, the average volume was 1,070,560, while in the previous 50 days, it was 1,283,392.
Since last month, ZWS stock rose 3.01%. Shares of the company fell to $27.07 on 07/24/23, the lowest level in the past month. A 52-week high of $31.77 was reached on 07/26/23 after having rallying from a 52-week low of $19.29. Since the beginning of this year, ZWS’s stock price has risen by 35.93% or $7.60, and marked a new high 22 times. However, the stock has declined by -9.51% since its 52-week high.
ZWS stock investors should be aware that Zurn Elkay Water Solutions Corporation (ZWS) stock had its last reported insider trading activity 184 days ago on Feb 16. Wehr Craig, the Group Ex., President-Zurn of the company, disposed of 1,442 shares for $23.17 on Feb 16. It resulted in a $33,411 divestment by the insider. Jackson Rodney sold 970 shares at an average price of $23.17 on Feb 16. The insider now owns 119,778 shares following the transaction. On Feb 16, Chief Information Officer Troutman Michael sold 808 shares at $23.17 apiece. The transaction was valued at $18,721.
Valuation Metrics
Right now, Zurn Elkay Water Solutions Corporation (ZWS) has a P/E ratio of about 110.15. The stock’s beta is 1.32. Besides these, the trailing price-to-sales (P/S) ratio of 3.25, the price-to-book (PB) ratio of 3.15, and the price-to-cash flow ratio of 27.00 may also be considered.
The latest dividend of $0.07 per share was paid out, remained unchanged from last year’s $0.07. On Friday July 22 2022, a $0.04 dividend increase was announced.
Financial Health
In the three months ended June 29, Zurn Elkay Water Solutions Corporation’s quick ratio stood at 1.60, while its current ratio was 3.00, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.35, and the total debt-to-equity ratio was 0.35. On the profitability front, the trailing twelve-month gross margin is 37.30% percent. In the year ended June 29, EBITDA margin amounted to 13.81%, whereas operating margins totaled 7.10%. Based on annual data, ZWS earned $465.5 million in gross profit and brought in $1.28 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 3.70%. Return on equity (ROE) for the past 12 months was 3.30%.
In Zurn Elkay Water Solutions Corporation’s quarter-end financial report for June 29, it reported total debt of $549.1 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ZWS’s revenue rose 29.51% to $372.1 million during the quarter, while net income inched up to $403.2 million. While analysts expected Zurn Elkay Water Solutions Corporation to report $0.22 quarterly earnings, the actual figure was $0.24 per share, beating the consensus estimate by 9.10%. During the quarter, the company generated $76.6 million in EBITDA. The liabilities of Zurn Elkay Water Solutions Corporation were 1.21 billion at the end of its most recent quarter ended June 29, and its total debt was $605.8 million. The value of shareholders’ equity is $172.95 million.
Technical Picture
This quick technical analysis looks at Zurn Elkay Water Solutions Corporation’s (ZWS) price momentum. With a historical volatility rate of 10.26%, the RSI 9-day stood at 40.54% on 18 August.
With respect to its five-day moving average, the current Zurn Elkay Water Solutions Corporation price is down by -2.11% percent or -$0.62. At present, ZWS shares trade +5.20% above its 20-day simple moving average and +41.21% percent above its 100-day simple moving average. However, the stock is currently trading approximately +13.19% above its SMA50 and +22.39% above its SMA200.
Stochastic coefficient K was 10.58% and Stochastic coefficient D was 12.83%, while ATR was 0.65. Given the Stochastic reading of 17.33% for the 14-day period, the RSI (14) reading has been calculated as 49.35%. As of today, the MACD Oscillator reading stands at -0.45, while the 14-day reading stands at -0.79.
Analyst Ratings
Deutsche Bank launched its rating on Zurn Elkay Water Solutions Corporation (NYSE: ZWS) to a Buy in a note to investors on June 29, 2023. Zurn Elkay Water Solutions Corporation (ZWS) has been rated Buy by analysts. According to 0 brokerage firms, ZWS is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Zurn Elkay Water Solutions Corporation stock as buy, with 6 recommending it as overweight.
With a median target price of $32.00, the current consensus forecast for the stock is $30.00 – $34.00. Based on these forecasts, analysts predict Zurn Elkay Water Solutions Corporation (ZWS) will achieve an average price target of $32.00.
