BofA update shows where active managers are putting money
Director Timothy J. Jahnke of Zurn Elkay Water Solutions Corp (NYSE:ZWS) sold a total of 30,000 shares of common stock in two separate transactions, netting approximately $1.3 million. The sales come as ZWS shares trade near their 52-week high of $44.98, having surged nearly 17% in the past week. According to InvestingPro analysis, the stock is currently showing signs of being overbought.
On July 30, 2025, Jahnke sold 10,000 shares of Zurn Elkay Water Solutions at a price of $42.59, totaling $425,900. The prices for these sales ranged from $42.50 to $43.23. Following this transaction, Jahnke directly owns 338,964 shares of the company.
The following day, July 31, 2025, Jahnke sold 20,000 shares at a price of $43.73, amounting to $874,599. These sales were executed at prices ranging from $43.74 to $43.77. These shares were held indirectly by an irrevocable trust. After this transaction, the irrevocable trust holds 180,000 shares.
The initial sale was executed pursuant to a Rule 10b5-1 plan.
In other recent news, Zurn Water Solutions reported robust financial results for the second quarter of 2025, surpassing earnings expectations. The company achieved earnings per share of $0.42, exceeding the forecasted $0.36, which represents a 16.67% surprise. Additionally, Zurn’s revenue reached $445 million, surpassing the predicted $424.61 million. These results have been well-received by investors. Mizuho (NYSE:MFG) has responded by raising its price target for Zurn Water Solutions to $43, up from $36, while maintaining a Neutral rating. The firm highlighted the company’s strong second-quarter performance, driven by tariff mitigation and organic sales growth of 8%. This growth is anticipated to continue into the third quarter. These developments reflect the company’s positive momentum in the market.
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