Insider transactions
Todd A. Adams, who serves as Chairman and Chief Executive Officer of Zurn Elkay Water Solutions Corp (NYSE: ZWS), executed a series of sales that together amounted to $28.1 million in company stock over two trading days, February 9 and February 10, 2026.
The disposition included specific blocks recorded as 270,000 shares sold at $51.78 per share, 5,050 shares sold at $51.80 per share, and 263,347 shares sold at $52.68 per share. These reported sales followed the February 6, 2026 acquisition of 569,734 shares of common stock that vested as performance stock units.
Trade activity on February 9 was carried out in multiple transactions with execution prices spanning $52.16 to $53.14. Sales on February 10 took place in multiple trades across price ranges of $51.45 to $52.69 and $51.48 to $52.16.
Following the completion of these trades, Adams' direct holdings in Zurn Elkay Water Solutions total 2,256,684 shares. He also retains indirect holdings of 5,640 shares through a 401(k) plan and 1,200 shares through a SEP IRA.
Company results and capital return
Zurn Water Solutions reported revenue of $407.2 million, a figure that surpassed Stifel's estimate of $401.6 million and the consensus estimate of $400.8 million. The company’s adjusted EBITDA for the period was $104.1 million, exceeding both Stifel and consensus Street estimates of $101.0 million.
In addition to the quarterly results, the company announced a cash dividend of $0.11 per share, set to be paid on March 6, 2026 to shareholders of record on February 20, 2026.
Analyst response
Following the reported results and the company’s guidance for 2026, Stifel reiterated a Buy rating on Zurn Water Solutions with a price target of $54.00. Jefferies initiated coverage with a Buy rating and a $58.00 price target, noting the company’s potential to benefit from increased adoption of filtered drinking water and citing strong free cash flow.
Context and limitations
The timing of the CEO's sales followed the vesting of performance stock units on February 6, 2026. The article records the transactions, holdings and analyst actions but does not provide commentary from the company or the CEO explaining the rationale behind the sales.