AZZ Inc. (NYSE:AZZ - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $77.62, but opened at $74.97. AZZ shares last traded at $76.72, with a volume of 27,159 shares changing hands.
Analysts Set New Price Targets
AZZ has been the topic of several analyst reports. Roth Mkm began coverage on AZZ in a report on Tuesday, February 11th. They set a "buy" rating and a $108.00 target price on the stock. Noble Financial restated an "outperform" rating on shares of AZZ in a research report on Thursday, March 6th. Sidoti upgraded shares of AZZ from a "neutral" rating to a "buy" rating and set a $101.00 price target on the stock in a research report on Wednesday, April 9th. Roth Capital raised shares of AZZ to a "strong-buy" rating in a research note on Tuesday, February 11th. Finally, B. Riley upped their target price on AZZ from $99.00 to $111.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, AZZ currently has a consensus rating of "Moderate Buy" and an average price target of $100.71.
Check Out Our Latest Stock Report on AZZ
AZZ Stock Performance
The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.26 and a current ratio of 1.77. The firm has a market cap of $2.55 billion, a P/E ratio of 57.51, a P/E/G ratio of 1.32 and a beta of 1.22. The company's 50 day moving average is $85.99 and its 200 day moving average is $86.36.
AZZ (NYSE:AZZ - Get Free Report) last announced its quarterly earnings results on Monday, April 21st. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $367.78 million. As a group, equities analysts predict that AZZ Inc. will post 5.13 earnings per share for the current fiscal year.
AZZ Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 24th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 0.80%. The ex-dividend date is Thursday, April 24th. AZZ's dividend payout ratio (DPR) is currently 42.77%.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. Illinois Municipal Retirement Fund increased its position in AZZ by 5.4% in the 1st quarter. Illinois Municipal Retirement Fund now owns 16,501 shares of the industrial products company's stock valued at $1,380,000 after acquiring an additional 849 shares during the period. Asset Management One Co. Ltd. grew its stake in shares of AZZ by 8.0% in the first quarter. Asset Management One Co. Ltd. now owns 53,131 shares of the industrial products company's stock worth $4,442,000 after purchasing an additional 3,931 shares during the last quarter. Flagship Harbor Advisors LLC increased its holdings in AZZ by 16.6% in the first quarter. Flagship Harbor Advisors LLC now owns 3,316 shares of the industrial products company's stock valued at $277,000 after purchasing an additional 471 shares during the period. Pullen Investment Management LLC raised its position in AZZ by 1.6% during the 1st quarter. Pullen Investment Management LLC now owns 19,429 shares of the industrial products company's stock worth $1,624,000 after purchasing an additional 303 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in AZZ during the 1st quarter worth about $338,000. Institutional investors own 90.93% of the company's stock.
About AZZ
(
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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