Shares of AZZ Inc (NYSE:AZZ) have earned a consensus broker rating score of 2.00 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.
Brokers have set a twelve-month consensus target price of $48.00 for the company and are forecasting that the company will post $0.41 EPS for the current quarter, according to Zacks. Zacks has also given AZZ an industry rank of 185 out of 255 based on the ratings given to related companies.
Several equities research analysts have commented on the stock. Stifel Nicolaus reissued a “hold” rating and set a $52.00 price target on shares of AZZ in a research report on Tuesday, December 11th. Sidoti raised shares of AZZ from a “neutral” rating to a “buy” rating and set a $54.00 price target on the stock in a research report on Monday, October 29th. Zacks Investment Research cut shares of AZZ from a “hold” rating to a “sell” rating in a research report on Wednesday, December 12th. Finally, ValuEngine cut shares of AZZ from a “buy” rating to a “hold” rating in a research report on Wednesday, December 12th.
Several hedge funds have recently modified their holdings of AZZ. Morgan Stanley raised its holdings in shares of AZZ by 261.8% in the 3rd quarter. Morgan Stanley now owns 217,264 shares of the industrial products company’s stock valued at $10,971,000 after purchasing an additional 157,205 shares during the period. BlackRock Inc. grew its stake in AZZ by 4.3% in the 3rd quarter. BlackRock Inc. now owns 3,686,297 shares of the industrial products company’s stock valued at $186,158,000 after buying an additional 151,602 shares during the last quarter. Neuberger Berman Group LLC grew its stake in AZZ by 7.3% in the 3rd quarter. Neuberger Berman Group LLC now owns 1,916,807 shares of the industrial products company’s stock valued at $96,799,000 after buying an additional 130,893 shares during the last quarter. Renaissance Technologies LLC grew its stake in AZZ by 81.3% in the 3rd quarter. Renaissance Technologies LLC now owns 167,700 shares of the industrial products company’s stock valued at $8,469,000 after buying an additional 75,197 shares during the last quarter. Finally, Deutsche Bank AG grew its stake in AZZ by 54.0% in the 3rd quarter. Deutsche Bank AG now owns 212,584 shares of the industrial products company’s stock valued at $10,733,000 after buying an additional 74,559 shares during the last quarter. 87.88% of the stock is currently owned by institutional investors.
Shares of AZZ stock traded up $1.34 during midday trading on Friday, reaching $45.98. The company had a trading volume of 4,192 shares, compared to its average volume of 140,386. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.87 and a quick ratio of 1.97. The firm has a market cap of $1.16 billion, a P/E ratio of 33.96 and a beta of 1.39. AZZ has a 1-year low of $37.43 and a 1-year high of $56.05.
AZZ (NYSE:AZZ) last released its earnings results on Tuesday, January 8th. The industrial products company reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.02). The business had revenue of $239.50 million for the quarter, compared to analyst estimates of $238.96 million. AZZ had a return on equity of 7.98% and a net margin of 7.12%. The firm’s revenue was up 15.0% on a year-over-year basis. On average, sell-side analysts expect that AZZ will post 2.03 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 12th. Stockholders of record on Tuesday, January 29th will be issued a $0.17 dividend. The ex-dividend date is Monday, January 28th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.48%. AZZ’s payout ratio is 50.37%.
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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