Let’s look at the key reasons that are pushing Zurn Elkay Water Solutions Corp (ZWS) to new highs

On Tuesday, Zurn Elkay Water Solutions Corp (NYSE: ZWS) opened lower -0.16% from the last session, before settling in for the closing price of $30.66. Price fluctuations for ZWS have ranged from $23.68 to $34.58 over the past 52 weeks.

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Industrials Sector giant saw their annual sales surged by 0.20% over the last five years. Company’s average yearly earnings per share was noted 20.75% at the time writing. With a float of $144.59 million, this company’s outstanding shares have now reached $172.26 million.

The firm has a total of 2400 workers. Let’s measure their productivity.

Zurn Elkay Water Solutions Corp (ZWS) Breakdown of a Key Holders of the stock

A key investor’s attitude towards the stock of the Pollution & Treatment Controls industry is another important factor to consider. The insider ownership of Zurn Elkay Water Solutions Corp is 16.27%, while institutional ownership is 84.51%. The most recent insider transaction that took place on May 24 ’24, was worth 1,484,160. In this transaction 10% Owner of this company sold 46,380 shares at a rate of $32.00, taking the stock ownership to the 24,168,932 shares. Before that another transaction happened on May 24 ’24, when Company’s 10% Owner sold 46,380 for $32.00, making the entire transaction worth $1,484,160. This insider now owns 24,168,932 shares in total.

Zurn Elkay Water Solutions Corp (ZWS) Recent Fiscal highlights

According to the Wall Street analysts, stocks earnings will be around 20.75% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 14.28% during the next five years compared to 18.47% growth over the previous five years of trading.

Zurn Elkay Water Solutions Corp (NYSE: ZWS) Trading Performance Indicators

Check out the current performance indicators for Zurn Elkay Water Solutions Corp (ZWS). In the past quarter, the stock posted a quick ratio of 1.95. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.45. Likewise, its price to free cash flow for the trailing twelve months is 18.68.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.71, a number that is poised to hit 0.31 in the next quarter and is forecasted to reach 1.30 in one year’s time.

Technical Analysis of Zurn Elkay Water Solutions Corp (ZWS)

Analysing the last 5-days average volume posted by the [Zurn Elkay Water Solutions Corp, ZWS], we can find that recorded value of 0.81 million was lower than the volume posted last year of 0.92 million. As of the previous 9 days, the stock’s Stochastic %D was 19.64%. Additionally, its Average True Range was 0.68.

During the past 100 days, Zurn Elkay Water Solutions Corp’s (ZWS) raw stochastic average was set at 43.13%, which indicates a significant increase from 11.15% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.14% in the past 14 days, which was lower than the 24.63% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $32.01, while its 200-day Moving Average is $29.95. Now, the first resistance to watch is $30.80. This is followed by the second major resistance level at $30.99. The third major resistance level sits at $31.19. If the price goes on to break the first support level at $30.41, it is likely to go to the next support level at $30.21. Now, if the price goes above the second support level, the third support stands at $30.02.

Zurn Elkay Water Solutions Corp (NYSE: ZWS) Key Stats

There are currently 172,697K shares outstanding in the company with a market cap of 5.29 billion. Presently, the company’s annual sales total 1,531 M according to its annual income of 112,700 K. Last quarter, the company’s sales amounted to 373,800 K and its income totaled 34,300 K.