Shares of AZZ Inc (NYSE:AZZ) have earned an average broker rating score of 2.00 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company.
Brokerages have set a twelve-month consensus price target of $48.00 for the company and are anticipating that the company will post $0.53 earnings per share for the current quarter, according to Zacks. Zacks has also given AZZ an industry rank of 237 out of 256 based on the ratings given to related companies.
Several equities analysts have recently commented on AZZ shares. TheStreet raised AZZ from a “c+” rating to a “b-” rating in a research note on Thursday, July 25th. Zacks Investment Research lowered AZZ from a “strong-buy” rating to a “hold” rating in a research note on Tuesday.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC lifted its stake in AZZ by 6.2% during the 1st quarter. FMR LLC now owns 716,433 shares of the industrial products company’s stock worth $29,324,000 after acquiring an additional 41,567 shares in the last quarter. Norges Bank acquired a new position in AZZ during the 4th quarter worth about $15,018,000. Rutabaga Capital Management LLC MA lifted its stake in AZZ by 6.9% during the 1st quarter. Rutabaga Capital Management LLC MA now owns 304,215 shares of the industrial products company’s stock worth $12,452,000 after acquiring an additional 19,700 shares in the last quarter. Geode Capital Management LLC lifted its stake in AZZ by 5.9% during the 4th quarter. Geode Capital Management LLC now owns 269,181 shares of the industrial products company’s stock worth $10,863,000 after acquiring an additional 14,955 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in AZZ by 1,117.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 222,313 shares of the industrial products company’s stock worth $8,973,000 after acquiring an additional 204,051 shares in the last quarter. 86.53% of the stock is currently owned by hedge funds and other institutional investors.
NYSE AZZ traded up $0.02 on Wednesday, reaching $47.00. 60,633 shares of the company were exchanged, compared to its average volume of 178,292. The firm has a fifty day simple moving average of $45.33. The company has a market cap of $1.23 billion, a PE ratio of 23.98 and a beta of 1.44. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.86 and a quick ratio of 2.01. AZZ has a fifty-two week low of $37.43 and a fifty-two week high of $55.31.
AZZ (NYSE:AZZ) last released its quarterly earnings data on Monday, July 8th. The industrial products company reported $0.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.10. The company had revenue of $289.10 million for the quarter, compared to analyst estimates of $277.20 million. AZZ had a return on equity of 9.44% and a net margin of 5.95%. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 earnings per share. Research analysts anticipate that AZZ will post 2.59 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, August 5th. Investors of record on Monday, July 22nd will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.45%. The ex-dividend date is Friday, July 19th. AZZ’s payout ratio is 34.69%.
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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