Sudhanshu Chhabra, who serves as VP-Zurn Business Systems at Zurn Elkay Water Solutions Corp (NYSE: ZWS), completed multiple transactions on February 17, 2026, selling a total of 2,021 shares of common stock for aggregate proceeds of $102,767. Trade prices in the series ranged from $50.63 to $51.22 per share.
The stock has been trading near its 52-week peak of $53.17, having climbed roughly 45% over the past 12 months. An InvestingPro analysis cited in company data indicates the shares appear overvalued relative to their Fair Value and shows a price-to-earnings ratio of 45.31. An InvestingPro tip noted the company is trading at a high earnings multiple relative to near-term growth.
Following the sale, Chhabra retains direct ownership of 69,556 shares. In addition, he is reported to indirectly hold 22,753 shares through his spouse and 2,125 shares via a 401(k) Plan.
The filings state that the disposition was undertaken to cover tax withholding obligations and related fees arising from the vesting of restricted stock units (RSUs).
Company financials and analyst positioning
Recent quarterly results showed Zurn Elkay Water Solutions generating revenue of $407.2 million, above both Stifel’s estimate of $401.6 million and the broader Street consensus of $400.8 million. Adjusted EBITDA came in at $104.1 million, exceeding Stifel’s and the Street’s forecasts of $101.0 million.
In response to the reported results and the company’s 2026 guidance, Stifel reiterated its Buy rating on Zurn Elkay Water Solutions and kept a $54 price target. Separately, Jefferies initiated coverage with a Buy rating and a $58.00 price target, highlighting potential upside tied to increased adoption of filtered drinking water and ongoing resilient construction demand.
Dividend and shareholder record dates
The company’s Board of Directors declared a quarterly cash dividend of $0.11 per share, payable on March 6, 2026, to shareholders of record as of February 20, 2026.
These developments - the insider sale to meet RSU-related tax obligations, the quarterly outperformance, analyst endorsements, and the dividend declaration - underscore current investor attention on Zurn Elkay Water Solutions as the stock trades near recent highs. Reported ownership figures and the stated reason for the sale are set out in regulatory filings.