Shares of AZZ Inc (NYSE:AZZ) have been assigned an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.
Brokerages have set a 12-month consensus price objective of $48.00 for the company and are forecasting that the company will post $0.39 earnings per share for the current quarter, according to Zacks. Zacks has also assigned AZZ an industry rank of 57 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research lowered shares of AZZ from a “hold” rating to a “sell” rating in a research report on Thursday, February 1st.
A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its stake in AZZ by 2.7% in the 4th quarter. BlackRock Inc. now owns 3,239,398 shares of the industrial products company’s stock worth $165,534,000 after acquiring an additional 85,790 shares in the last quarter. Neuberger Berman Group LLC grew its stake in shares of AZZ by 11.5% during the third quarter. Neuberger Berman Group LLC now owns 2,053,087 shares of the industrial products company’s stock worth $99,985,000 after purchasing an additional 211,222 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of AZZ by 2.2% during the third quarter. Dimensional Fund Advisors LP now owns 1,029,118 shares of the industrial products company’s stock worth $50,119,000 after purchasing an additional 21,810 shares during the period. Van Berkom & Associates Inc. grew its stake in shares of AZZ by 5.3% during the third quarter. Van Berkom & Associates Inc. now owns 1,022,817 shares of the industrial products company’s stock worth $49,811,000 after purchasing an additional 51,485 shares during the period. Finally, American Century Companies Inc. grew its stake in shares of AZZ by 2.1% during the fourth quarter. American Century Companies Inc. now owns 357,645 shares of the industrial products company’s stock worth $18,276,000 after purchasing an additional 7,456 shares during the period. 91.37% of the stock is owned by institutional investors and hedge funds.
Shares of AZZ (NYSE:AZZ) opened at $43.95 on Monday. The company has a current ratio of 2.57, a quick ratio of 1.43 and a debt-to-equity ratio of 0.53. AZZ has a 1-year low of $40.00 and a 1-year high of $61.55. The firm has a market cap of $1,140.99, a P/E ratio of 22.31 and a beta of 1.36.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 20th. Stockholders of record on Tuesday, February 6th were paid a $0.17 dividend. The ex-dividend date of this dividend was Monday, February 5th. This represents a $0.68 annualized dividend and a dividend yield of 1.55%. 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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