TimesSqure U.S. Small Cap Growth Strategy Sold Zurn Elkay Water Solutions Corporation (ZWS) as it Reached the Target

TimesSquare Capital Management, an equity investment management company, released its “U.S. Small Cap Growth Strategy” fourth-quarter investor letter. A copy of the same can be downloaded here. In the quarter the fund returned 9.15% (net), compared to a 12.75% return for the Russell 2000 Growth Index. For the year, the fund returned 15.96% (net) compared to 18.66% for the index. In addition, please check the fund’s top five holdings to know its best picks in 2023.

TimesSquare Capital U.S. Small Cap Growth Strategy featured stocks like Zurn Elkay Water Solutions Corporation (NYSE:ZWS) in the Q4 2023 investor letter. Headquartered in Milwaukee, Wisconsin, Zurn Elkay Water Solutions Corporation (NYSE:ZWS) offers water safety and control products. On March 21, 2024, Zurn Elkay Water Solutions Corporation (NYSE:ZWS) stock closed at $32.89 per share. One-month return of Zurn Elkay Water Solutions Corporation (NYSE:ZWS) was 4.21%, and its shares gained 65.69% of their value over the last 52 weeks. Zurn Elkay Water Solutions Corporation (NYSE:ZWS) has a market capitalization of $5.657 billion.

TimesSquare Capital U.S. Small Cap Growth Strategy stated the following regarding Zurn Elkay Water Solutions Corporation (NYSE:ZWS) in its fourth quarter 2023 investor letter:

“Elsewhere, we sold our shares in Zurn Elkay Water Solutions Corporation (NYSE:ZWS), which specializes in water management products predominantly for institutional and commercial buildings. The stock price exceeded our target and what we believed to be full valuation.”

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A plumber in a workshop, installing a water control and backflow device.

Zurn Elkay Water Solutions Corporation (NYSE:ZWS) is not on our list of 30 Most Popular Stocks Among Hedge Funds. At the end of the fourth quarter, Zurn Elkay Water Solutions Corporation (NYSE:ZWS) was held by 22 hedge fund portfolios, compared to 18 in the previous quarter, according to our database. In addition, please check out our hedge fund investor letters Q4 2023 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.