Shares of AZZ Inc (NYSE:AZZ) have been given an average broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.
Brokerages have set a one year consensus target price of $48.00 for the company and are anticipating that the company will post $0.39 earnings per share for the current quarter, according to Zacks. Zacks has also given AZZ an industry rank of 42 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research cut AZZ from a “hold” rating to a “sell” rating in a research note on Wednesday, February 14th.
Shares of AZZ (AZZ) traded up $0.55 on Monday, hitting $44.50. The stock had a trading volume of 246,074 shares, compared to its average volume of 140,152. The firm has a market cap of $1,141.00, a P/E ratio of 22.59 and a beta of 1.36. AZZ has a one year low of $40.00 and a one year high of $61.55. The company has a quick ratio of 1.43, a current ratio of 2.57 and a debt-to-equity ratio of 0.53.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 20th. Stockholders of record on Tuesday, February 6th were given a $0.17 dividend. The ex-dividend date was Monday, February 5th. This represents a $0.68 annualized dividend and a dividend yield of 1.53%. AZZ’s dividend payout ratio is 34.52%.
Several institutional investors and hedge funds have recently bought and sold shares of AZZ. BlackRock Inc. raised its stake in shares of AZZ by 2.7% in the fourth quarter. BlackRock Inc. now owns 3,239,398 shares of the industrial products company’s stock valued at $165,534,000 after purchasing an additional 85,790 shares in the last quarter. Neuberger Berman Group LLC raised its stake in shares of AZZ by 11.5% in the third quarter. Neuberger Berman Group LLC now owns 2,053,087 shares of the industrial products company’s stock valued at $99,985,000 after purchasing an additional 211,222 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of AZZ by 2.2% in the third quarter. Dimensional Fund Advisors LP now owns 1,029,118 shares of the industrial products company’s stock valued at $50,119,000 after purchasing an additional 21,810 shares in the last quarter. Van Berkom & Associates Inc. raised its stake in shares of AZZ by 5.3% in the third quarter. Van Berkom & Associates Inc. now owns 1,022,817 shares of the industrial products company’s stock valued at $49,811,000 after purchasing an additional 51,485 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in shares of AZZ by 2.1% in the fourth quarter. American Century Companies Inc. now owns 357,645 shares of the industrial products company’s stock valued at $18,276,000 after purchasing an additional 7,456 shares in the last quarter. 92.59% of the stock is owned by institutional investors.
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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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