Zurn Elkay Water Solutions Corp (NYSE:ZWS) saw an upside of 0.51% to close Friday at $27.62 after adding $0.14 on the day. The 5-day average trading volume is 676,740 shares of the company’s common stock. It has gained $28.54 in the past week and touched a new high 1 time within the past 5 days. An average of 769,180 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 960,596.
ZWS’s 1-month performance is -4.33% or -$1.04 on its low of $27.45 reached on 09/21/23. The company’s shares have touched a 52-week low of $19.29 and high of $30.87, with the stock’s rally to the 52-week high happening on 07/26/23. YTD, ZWS has achieved 30.59% or $6.47 and has reached a new high 22 times. However, the current price is down -10.53% from the 52-week high price.
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Insider Transactions
ZWS stock investors last saw insider trading activity on Feb 16.Wehr Craig (Group Ex., President-Zurn) most recently sold 1,442 shares at $23.17 per share on Feb 16. This transaction cost the insider $33,411. SVP-Bus.&Corp. Development, Jackson Rodney, sold 970 shares at a price of $23.17 on Feb 16. Then, on Feb 16, Chief Information Officer Troutman Michael sold 808 shares at a price of $23.17 per share. This transaction amounted to $18,721.
Valuation Metrics
ZWS stock has a beta of 1.33. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.12 while the price-to-book (PB) in the most recent quarter is 3.01, with the price to cash flow ratio at 25.89.
Zurn Elkay Water Solutions Corp’s quick ratio for the period ended June 29 was 1.62, with the current ratio over the same period at 2.98. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.37, while the total debt to equity was 0.38. In terms of profitability, the gross margin trailing 12 months is 33.48%. The trailing 12-month EBITDA margin is 13.81% while for the period ending June 29, Zurn Elkay Water Solutions Corp’s operating margin was 8.60%. The firm’s gross profit as reported stood at $465.5 million against revenue of $1.28 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -5.2% to $34.6 million, while revenue of $22.8 million was 34.1% off the previous quarter. Analysts expected ZWS to announce $0.22 per share in earnings in its latest quarter, but it posted $0.24, representing a 9.10% surprise. EBITDA for the quarter stood at more than $76.6 million. ZWS stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.21 billion, with total debt at $605.8 million. Shareholders hold equity totaling $172.95 million.
Let’s look briefly at Zurn Elkay Water Solutions Corp (ZWS) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 25.54% to suggest the stock is trending oversold, with historical volatility in this time period at 12.08%.
The stock’s 5-day moving average is $27.87, reflecting a -2.95% or -$0.84 change from its current price. ZWS is currently trading -4.23% above its 20-day SMA, +27.16% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +0.88% and SMA200 by+13.43%.
Stochastic %K and %D was 4.32% and 5.75% and the average true range (ATR) pointed at 0.50. The RSI (14) points at 33.02%, while the 14-day stochastic is at 8.33% with the period’s ATR at 0.52. The stock’s 9-day MACD Oscillator is pointing at -0.41 and -0.72 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Zurn Elkay Water Solutions Corp (NYSE: ZWS), Deutsche Bank launched coverage with a Buy rating. Analysts offering their rating for ZWS stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate ZWS as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 6 have offered a “buy” rating.
What is ZWS’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $30.00 and a high of $34.00, with their median price target at $32.00. Looking at these predictions, the average price target given by analysts is for Zurn Elkay Water Solutions Corp (ZWS) stock is $32.00.
