Benzinga - by Benzinga Insights, Benzinga Staff Writer.
Ice Mountain LLC, 10% Owner at Zurn Elkay Water (NYSE:ZWS), executed a substantial insider sell on April 23, according to an SEC filing.
What Happened: LLC's decision to sell 43,690 shares of Zurn Elkay Water was revealed in a Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday. The total value of the sale is $1,395,021.
In the Wednesday's morning session, Zurn Elkay Water's shares are currently trading at $32.41, experiencing a down of 1.02%.
Unveiling the Story Behind Zurn Elkay Water Zurn Elkay Water Solutions Corp designs procure, manufactures, and markets a range of clean water solutions for drinking water, hygiene, and sustainable water management. The Zurn Elkay product portfolio includes professional-grade water control and safety, water distribution and drainage, drinking water, finish plumbing, hygienic, environmental and site works products for public and private spaces.
Zurn Elkay Water: Delving into Financials Revenue Growth: Zurn Elkay Water's remarkable performance in 3 months is evident. As of 31 December, 2023, the company achieved an impressive revenue growth rate of 4.85%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Industrials sector.
Exploring Profitability:
- Gross Margin: The company maintains a high gross margin of 43.69%, indicating strong cost management and profitability compared to its peers.
- Earnings per Share (EPS): Zurn Elkay Water's EPS is below the industry average. The company faced challenges with a current EPS of 0.08. This suggests a potential decline in earnings.
Financial Valuation Breakdown:
- Price to Earnings (P/E) Ratio: Zurn Elkay Water's stock is currently priced at a premium level, as reflected in the higher-than-average P/E ratio of 55.51.
- Price to Sales (P/S) Ratio: A higher-than-average P/S ratio of 3.79 suggests overvaluation in the eyes of investors, considering sales performance.
- EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation & Amortization): With an EV/EBITDA ratio of 22.24, the company's market valuation exceeds industry averages.
Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.
Why Pay Attention to Insider Transactions Insider transactions should be considered alongside other factors when making investment decisions, as they can offer important insights.
Exploring the legal landscape, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated by Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and major hedge funds. These insiders are required to report their transactions through a Form 4 filing, which must be submitted within two business days of the transaction.
Highlighted by a company insider's new purchase, there's a positive anticipation for the stock to rise.
But, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
Navigating the World of Insider Transaction Codes Examining transactions, investors often concentrate on those unfolding in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
Check Out The Full List Of Zurn Elkay Water's Insider Trades.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.