Shares of AZZ Inc (NYSE:AZZ) have received an average broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.
Brokerages have set a twelve-month consensus target price of $48.00 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 assigned AZZ an industry rank of 107 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research upgraded AZZ from a “sell” rating to a “hold” rating in a report on Tuesday, December 5th.
Shares of AZZ (AZZ) traded up $0.15 on Thursday, reaching $42.75. The company’s stock had a trading volume of 143,819 shares, compared to its average volume of 167,953. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.57 and a quick ratio of 1.43. The firm has a market cap of $1,130.61, a P/E ratio of 21.70 and a beta of 1.32. AZZ has a 52 week low of $40.90 and a 52 week high of $61.55.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 20th. Stockholders of record on Tuesday, February 6th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, February 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.59%. AZZ’s payout ratio is 34.52%.
Several hedge funds have recently added to or reduced their stakes in AZZ. Wells Fargo & Company MN increased its holdings in shares of AZZ by 1.0% during the 2nd quarter. Wells Fargo & Company MN now owns 19,626 shares of the industrial products company’s stock worth $1,095,000 after buying an additional 197 shares during the last quarter. New York State Common Retirement Fund increased its holdings in shares of AZZ by 4.0% during the 2nd quarter. New York State Common Retirement Fund now owns 28,700 shares of the industrial products company’s stock worth $1,601,000 after buying an additional 1,099 shares during the last quarter. Northern Trust Corp increased its holdings in shares of AZZ by 2.6% during the 2nd quarter. Northern Trust Corp now owns 361,617 shares of the industrial products company’s stock worth $20,178,000 after buying an additional 9,093 shares during the last quarter. California Public Employees Retirement System increased its holdings in shares of AZZ by 2.1% during the 2nd quarter. California Public Employees Retirement System now owns 47,800 shares of the industrial products company’s stock worth $2,667,000 after buying an additional 1,000 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its holdings in shares of AZZ by 17.9% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 32,273 shares of the industrial products company’s stock worth $1,801,000 after buying an additional 4,907 shares during the last quarter. Institutional investors and hedge funds own 89.89% of the company’s stock.
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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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