AZZ Inc. (NYSE:AZZ - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $74.80, but opened at $78.70. AZZ shares last traded at $77.04, with a volume of 95,351 shares.
Analyst Ratings Changes
AZZ has been the topic of several recent research reports. Noble Financial cut shares of AZZ from an "outperform" rating to a "market perform" rating and set a $75.00 price objective on the stock. in a research note on Friday, March 22nd. StockNews.com downgraded shares of AZZ from a "buy" rating to a "hold" rating in a research report on Friday, February 9th.
Read Our Latest Analysis on AZZ
AZZ Price Performance
The company has a market cap of $1.92 billion, a price-to-earnings ratio of 27.62, a price-to-earnings-growth ratio of 1.14 and a beta of 1.28. The company has a fifty day simple moving average of $74.74 and a two-hundred day simple moving average of $60.93. The company has a quick ratio of 1.33, a current ratio of 1.96 and a debt-to-equity ratio of 1.06.
AZZ Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 2nd. Shareholders of record on Wednesday, April 17th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.89%. The ex-dividend date is Tuesday, April 16th. AZZ's dividend payout ratio (DPR) is presently 24.55%.
Institutional Investors Weigh In On AZZ
Institutional investors and hedge funds have recently bought and sold shares of the stock. Financial Synergies Wealth Advisors Inc. acquired a new position in shares of AZZ in the first quarter worth $32,000. Covestor Ltd raised its stake in AZZ by 131.5% in the 3rd quarter. Covestor Ltd now owns 903 shares of the industrial products company's stock valued at $41,000 after purchasing an additional 513 shares during the last quarter. Strs Ohio acquired a new stake in shares of AZZ during the 4th quarter worth about $197,000. Victory Capital Management Inc. purchased a new stake in shares of AZZ during the third quarter worth about $203,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in shares of AZZ in the first quarter valued at approximately $215,000. Hedge funds and other 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 the United States, Canada, Brazil, China, the Netherlands, Poland, Singapore, and India. The company operates through AZZ Metal Coatings and AZZ Precoat Metals segments. The AZZ Metal Coatings segment offers metal finishing solutions for corrosion protection, including hot-dip galvanizing, spin galvanizing, powder coating, anodizing, and plating to steel fabrication and other industries.
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