ZURN ELKAY WATER SOLUTIONS CORPORATION
In the published model solve dated 2026-Q2, anchored at $48.05, ZURN ELKAY WATER SOLUTIONS CORPORATION (ZWS) is priced for today's economics sustained for ~7.3 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 28, 2026 from SEC EDGAR filings.
Zurn Elkay is a mature, profitable maker of water-management products for buildings, not a young grower, and that matters for how to read the price. At about $50 the stock trades near 29 times company-wide operating income, a multiple that prices in years of continued compounding rather than current cash flow. The execution backs the optimism so far. First-quarter 2026 sales rose 11 percent to $433 million, adjusted EBITDA margin expanded 160 basis points to 26.8 percent, and diluted EPS jumped
Is ZWS overvalued? See what's priced in →
409 institutional managers reported holding ZWS in 13F filings for the quarter ended 2026-03-31. Together they hold about 86% of the company; the top 10 hold 48%. 67 opened new positions that quarter. Held by BlackRock, Vanguard Group, State Street, among others. On the short side, 4.6M shares were sold short as of the 2026-06-15 count, about 3% of shares outstanding (6.3 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
ZWS's share count grew 39.2% over the past five years even with $509.90M spent on repurchases. It pays a dividend, and has for 6 years running, raised 3 years straight; the current rate is $0.38 a share annually. Cash returned over the past three years: $164.80M in dividends and $398.10M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at ZWS over the trailing three years. Absence is a fact about the company, not a signal. 16 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
ZWS's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-07-25 | +6.5% | -5.0% |
| 2023-11-01 | +4.7% | +3.2% |
| 2024-02-07 | +6.5% | -4.3% |
| 2024-04-24 | +0.1% | -9.1% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
ZWS's latest 8-K filings: 2026-07-28 (items 2.02, 9.01); 2026-07-20 (items 2.02, 8.01, 9.01); 2026-05-27 (items 2.02, 5.02, 9.01); 2026-05-01 (items 5.02, 5.07); 2026-04-21 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 28, 2026
Each week boothcheck ranks the stocks whose prices are betting on the most. Read the most stretched bets archive →
boothcheck is also on Android. Get the app on Google Play →
For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.