AZZ Inc. (NYSE:AZZ) Receives $100.71 Average Target Price from Brokerages

AZZ Inc. (NYSE:AZZ) has been assigned an average recommendation of “Moderate Buy” from the ten research firms that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $100.71.

A number of research analysts have recently commented on AZZ shares. Noble Financial restated an “outperform” rating on shares of AZZ in a research note on Thursday, March 6th. B. Riley raised their price objective on AZZ from $99.00 to $111.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Roth Mkm began coverage on shares of AZZ in a report on Tuesday, February 11th. They set a “buy” rating and a $108.00 target price on the stock. Sidoti upgraded shares of AZZ from a “neutral” rating to a “buy” rating and set a $101.00 price target for the company in a research note on Wednesday, April 9th. Finally, Roth Capital raised shares of AZZ to a “strong-buy” rating in a research note on Tuesday, February 11th.

AZZ Stock Performance

Shares of AZZ opened at $82.59 on Thursday. The company has a 50-day simple moving average of $88.78 and a two-hundred day simple moving average of $86.37. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.77 and a quick ratio of 1.26. The firm has a market capitalization of $2.47 billion, a PE ratio of 55.80, a price-to-earnings-growth ratio of 1.32 and a beta of 1.22. AZZ has a one year low of $69.59 and a one year high of $99.49.

AZZ Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 24th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date is Thursday, April 24th. AZZ’s payout ratio is 45.95%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of AZZ. US Bancorp DE raised its position in AZZ by 39.0% in the 4th quarter. US Bancorp DE now owns 463 shares of the industrial products company’s stock worth $38,000 after buying an additional 130 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of AZZ by 202.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 475 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 318 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of AZZ by 32.4% during the fourth quarter. Farther Finance Advisors LLC now owns 515 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 126 shares during the last quarter. Quarry LP lifted its position in AZZ by 2,150.0% during the fourth quarter. Quarry LP now owns 855 shares of the industrial products company’s stock valued at $70,000 after purchasing an additional 817 shares during the period. Finally, KBC Group NV grew its position in AZZ by 50.8% in the 4th quarter. KBC Group NV now owns 1,244 shares of the industrial products company’s stock worth $102,000 after purchasing an additional 419 shares during the period. 90.93% of the stock is owned by institutional investors.

AZZ Company Profile

AZZ Inc provides hot-dip galvanizing and coil coating solutions in North America. It offers metal finishing solutions for corrosion protection, including hot-dip galvanizing, spin galvanizing, powder coating, anodizing, and plating to steel fabrication and other industries, as well as to fabricators or manufacturers that provide services to the transmission and distribution, bridge and highway, petrochemical, and general industrial markets; and original equipment manufacturers.