AZZ Inc. (NYSE:AZZ - Get Free Report) CEO Thomas E. Ferguson sold 26,889 shares of the stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $85.88, for a total transaction of $2,309,227.32. Following the sale, the chief executive officer now owns 211,458 shares in the company, valued at approximately $18,160,013.04. This trade represents a 11.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
AZZ Stock Performance
AZZ traded down $1.06 on Monday, reaching $89.40. The company had a trading volume of 236,860 shares, compared to its average volume of 227,571. AZZ Inc. has a fifty-two week low of $69.59 and a fifty-two week high of $99.49. The stock has a market cap of $2.67 billion, a P/E ratio of 60.41, a P/E/G ratio of 1.32 and a beta of 1.25. The company's fifty day moving average is $85.10 and its 200 day moving average is $86.70. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.26 and a current ratio of 1.77.
AZZ (NYSE:AZZ - Get Free Report) last issued its quarterly earnings results on Monday, April 21st. The industrial products company reported $0.98 EPS for the quarter, topping analysts' consensus estimates of $0.95 by $0.03. AZZ had a net margin of 7.94% and a return on equity of 16.99%. The company had revenue of $351.88 million for the quarter, compared to analyst estimates of $367.78 million. As a group, analysts predict that AZZ Inc. will post 5.13 earnings per share for the current fiscal year.
AZZ Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 24th will be paid a $0.17 dividend. The ex-dividend date is Thursday, April 24th. This represents a $0.68 annualized dividend and a yield of 0.76%. AZZ's dividend payout ratio (DPR) is 42.77%.
Wall Street Analyst Weigh In
AZZ has been the subject of several analyst reports. Roth Mkm started coverage on AZZ in a research note on Tuesday, February 11th. They set a "buy" rating and a $108.00 price target for the company. B. Riley increased their price target on shares of AZZ from $99.00 to $111.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Sidoti upgraded AZZ from a "neutral" rating to a "buy" rating and set a $101.00 target price on the stock in a report on Wednesday, April 9th. Roth Capital raised shares of AZZ to a "strong-buy" rating in a report on Tuesday, February 11th. Finally, Noble Financial restated an "outperform" rating on shares of AZZ in a research note on Thursday, March 6th. Four 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 to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $100.71.
Get Our Latest Report on AZZ
Institutional Trading of AZZ
Several hedge funds have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC boosted its holdings in AZZ by 32.4% in the 4th quarter. Farther Finance Advisors LLC now owns 515 shares of the industrial products company's stock worth $42,000 after buying an additional 126 shares during the period. US Bancorp DE lifted 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. Parkside Financial Bank & Trust boosted its stake in shares of AZZ by 4.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 3,658 shares of the industrial products company's stock valued at $300,000 after purchasing an additional 143 shares in the last quarter. Cerity Partners LLC grew its stake in shares of AZZ by 4.2% during the first quarter. Cerity Partners LLC now owns 3,606 shares of the industrial products company's stock valued at $302,000 after buying an additional 146 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D increased its stake in AZZ by 0.6% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 24,151 shares of the industrial products company's stock worth $1,978,000 after purchasing an additional 154 shares during the period. Institutional investors own 90.93% of the company's stock.
AZZ Company Profile
(
Get Free Report)
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.
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