Zurn Elkay Water Solutions Corp [ZWS] Director makes an insider purchase of 20,000 shares worth 0.75 million.

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Zurn Elkay Water Solutions Corp shares valued at $751,800 were sold by JAHNKE TIMOTHY J on Oct 16 ’24. At $37.59 per share, JAHNKE TIMOTHY J sold 20,000 shares. The insider’s holdings dropped to 345,017 shares worth approximately $12.47 million following the completion of this transaction.

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Also, JAHNKE TIMOTHY J purchased 20,000 shares, netting a total of over 751,094 in proceeds.

Before that, JAHNKE TIMOTHY J had sold 10,035 shares from its account. In a trade valued at $351,225, the Director traded Zurn Elkay Water Solutions Corp shares for $35.00 each. Upon closing the transaction, the insider’s holdings decreased to 10,035 shares, worth approximately $13.55 million.

As published in their initiating research note from Exane BNP Paribas on March 12, 2024, Zurn Elkay Water Solutions Corp [ZWS] has been an Outperform and the price target has been revised to $40. Analysts at Mizuho downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early February. As of December 19, 2023, Stifel has decreased its “Buy” rating to a “Hold” for ZWS. Earlier on December 13, 2023, KeyBanc Capital Markets downgraded its rating. Their new recommendation was “a Sector weight” for ZWS stock which previously was a “an Overweight”.

Analyzing ZWS Stock Performance

During the last five days, there has been a drop of approximately -3.68%. Over the course of the year, Zurn Elkay Water Solutions Corp shares have jumped approximately 22.85%. Nevertheless, trading volume fell to 0.75 million shares from 0.8 million shares the previous day.