AZZ Inc (NYSE:AZZ) has earned a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.
Brokerages have set a 12 month consensus price objective of $52.00 for the company and are anticipating that the company will post $0.62 earnings per share for the current quarter, according to Zacks. Zacks has also given AZZ an industry rank of 172 out of 265 based on the ratings given to related companies.
A number of analysts have recently weighed in on AZZ shares. Zacks Investment Research cut AZZ from a “hold” rating to a “strong sell” rating in a research report on Thursday, September 28th. Stifel Nicolaus dropped their price target on AZZ from $56.00 to $52.00 and set a “hold” rating on the stock in a research report on Wednesday, September 27th.
Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of AZZ by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 2,307,219 shares of the industrial products company’s stock worth $128,743,000 after purchasing an additional 20,239 shares during the period. Victory Capital Management Inc. increased its position in AZZ by 3.4% in the 3rd quarter. Victory Capital Management Inc. now owns 849,304 shares of the industrial products company’s stock valued at $41,361,000 after acquiring an additional 27,836 shares during the period. State Street Corp increased its position in AZZ by 4.3% in the 2nd quarter. State Street Corp now owns 628,974 shares of the industrial products company’s stock valued at $35,092,000 after acquiring an additional 25,832 shares during the period. American Century Companies Inc. acquired a new stake in AZZ in the 3rd quarter valued at approximately $17,054,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in AZZ in the 2nd quarter valued at approximately $331,000. Institutional investors and hedge funds own 87.82% of the company’s stock.
AZZ (AZZ) remained flat at $$47.40 during trading hours on Friday. The company had a trading volume of 116,587 shares, compared to its average volume of 208,743. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.43 and a current ratio of 2.57. The company has a market cap of $1,230.57, a P/E ratio of 24.06 and a beta of 1.55. AZZ has a 1 year low of $43.17 and a 1 year high of $61.55.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Tuesday, February 6th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date is Monday, February 5th. AZZ’s payout ratio is 34.52%.
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AZZ Company Profile
AZZ Inc is a provider of galvanizing services, welding solutions, specialty electrical equipment and engineered services to the power generation, transmission, distribution, refining and industrial markets. The Company operates through two segments: Energy segment and Galvanizing segment. Its Energy segment provides products and services designed to support industrial, nuclear and electrical applications.
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