Brokerages Set AZZ Inc. (NYSE:AZZ) Target Price at $100.71

AZZ Inc. (NYSE:AZZ - Get Free Report) has been given an average rating of "Moderate Buy" by the ten analysts that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $100.71.

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

AZZ Price Performance

AZZ stock traded down $0.31 during midday trading on Thursday, reaching $82.07. 140,306 shares of the stock traded hands, compared to its average volume of 250,506. The stock has a market cap of $2.45 billion, a P/E ratio of 55.45, a PEG ratio of 1.32 and a beta of 1.22. The stock's fifty day moving average is $88.51 and its 200-day moving average is $86.34. The company has a quick ratio of 1.26, a current ratio of 1.77 and a debt-to-equity ratio of 0.85. AZZ has a 12 month low of $69.59 and a 12 month high of $99.49.

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AZZ Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 24th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date is Thursday, April 24th. AZZ's dividend payout ratio is currently 45.95%.

Institutional Trading of AZZ

Hedge funds and other institutional investors have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of AZZ by 2.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 59,580 shares of the industrial products company's stock worth $4,922,000 after purchasing an additional 1,411 shares during the last quarter. Point72 Asset Management L.P. increased its position in shares of AZZ by 9.9% during the third quarter. Point72 Asset Management L.P. now owns 7,800 shares of the industrial products company's stock worth $644,000 after acquiring an additional 700 shares during the period. State Street Corp raised its stake in shares of AZZ by 2.6% during the third quarter. State Street Corp now owns 1,100,189 shares of the industrial products company's stock valued at $90,887,000 after acquiring an additional 27,710 shares in the last quarter. Wellington Management Group LLP purchased a new stake in shares of AZZ in the third quarter valued at approximately $61,139,000. Finally, Zacks Investment Management bought a new position in AZZ in the third quarter worth approximately $391,000. Hedge funds and other institutional investors own 90.93% of the company's stock.

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.