AZZ Inc (NYSE:AZZ) Director Kevern R. Joyce sold 418 shares of the firm’s stock in a transaction that occurred on Thursday, November 8th. The stock was sold at an average price of $47.70, for a total transaction of $19,938.60. Following the sale, the director now owns 62,204 shares of the company’s stock, valued at $2,967,130.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
NYSE AZZ traded down $0.37 during trading on Friday, reaching $47.48. The company’s stock had a trading volume of 161,478 shares, compared to its average volume of 132,408. The company has a quick ratio of 2.13, a current ratio of 3.14 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $1.24 billion, a PE ratio of 35.17 and a beta of 1.41. AZZ Inc has a 1-year low of $39.50 and a 1-year high of $56.05.
AZZ (NYSE:AZZ) last posted its earnings results on Tuesday, October 9th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.04). The business had revenue of $222.80 million during the quarter, compared to analyst estimates of $224.50 million. AZZ had a net margin of 5.63% and a return on equity of 5.43%. AZZ’s revenue was up 13.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.32 earnings per share. As a group, equities analysts anticipate that AZZ Inc will post 2.2 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 30th. Shareholders of record on Tuesday, October 16th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend was Monday, October 15th. AZZ’s dividend payout ratio (DPR) is presently 50.37%.
Several analysts recently commented on AZZ shares. ValuEngine upgraded shares of AZZ from a “hold” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research upgraded shares of AZZ from a “strong sell” rating to a “strong-buy” rating and set a $62.00 price target for the company in a report on Tuesday, July 17th. TheStreet upgraded shares of AZZ from a “c+” rating to a “b-” rating in a report on Thursday, July 26th. Finally, Sidoti upgraded shares of AZZ from a “neutral” rating to a “buy” rating and set a $54.00 price target for the company in a report on Monday, October 29th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $54.33.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Crossmark Global Holdings Inc. acquired a new stake in AZZ in the third quarter valued at approximately $219,000. OMERS ADMINISTRATION Corp acquired a new stake in AZZ in the second quarter valued at approximately $213,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in AZZ in the second quarter valued at approximately $239,000. Xact Kapitalforvaltning AB lifted its stake in AZZ by 27.7% in the first quarter. Xact Kapitalforvaltning AB now owns 5,537 shares of the industrial products company’s stock valued at $242,000 after acquiring an additional 1,200 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in AZZ in the third quarter valued at approximately $286,000. Hedge funds and other institutional investors own 91.72% of the company’s stock.
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AZZ Company Profile
AZZ Inc provides galvanizing and metal coating services, welding solutions, specialty electrical equipment, and highly engineered services to the power generation, transmission, distribution, refining, and industrial markets. The company operates through two segments, Energy Segment and Metal Coatings.
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