AZZ Inc. (NYSE:AZZ) Receives $96.80 Consensus Price Target from Brokerages

AZZ Inc. (NYSE:AZZ - Get Free Report) has been given a consensus rating of "Moderate Buy" by the seven research firms that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $96.80.

Separately, Jefferies Financial Group boosted their price target on shares of AZZ from $105.00 to $110.00 and gave the company a "buy" rating in a report on Friday, December 6th.

AZZ Stock Performance

Shares of NYSE:AZZ traded up $0.59 on Tuesday, hitting $81.92. 114,176 shares of the company were exchanged, compared to its average volume of 224,244. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.32 and a current ratio of 1.85. The company's 50 day moving average price is $86.19 and its two-hundred day moving average price is $81.63. AZZ has a one year low of $55.78 and a one year high of $97.98. The firm has a market capitalization of $2.45 billion, a price-to-earnings ratio of 64.00, a PEG ratio of 1.33 and a beta of 1.30.

AZZ (NYSE:AZZ - Get Free Report) last issued its quarterly earnings results on Wednesday, October 9th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.05. AZZ had a return on equity of 16.88% and a net margin of 7.63%. The firm had revenue of $409.01 million for the quarter, compared to analyst estimates of $409.50 million. During the same period in the previous year, the company posted $1.27 earnings per share. The company's quarterly revenue was up 2.6% compared to the same quarter last year. Research analysts expect that AZZ will post 5.08 earnings per share for the current year.

AZZ Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, October 18th were issued a dividend of $0.17 per share. The ex-dividend date was Friday, October 18th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.83%. AZZ's payout ratio is presently 53.13%.

Institutional Investors Weigh In On AZZ

Several large investors have recently made changes to their positions in the company. CWM LLC grew its stake in AZZ by 51.2% during the third quarter. CWM LLC now owns 694 shares of the industrial products company's stock worth $57,000 after buying an additional 235 shares during the last quarter. Claro Advisors LLC increased its holdings in AZZ by 7.7% during the 2nd quarter. Claro Advisors LLC now owns 3,298 shares of the industrial products company's stock valued at $255,000 after purchasing an additional 236 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in AZZ by 3,790.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 389 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 379 shares in the last quarter. Hsbc Holdings PLC raised its position in AZZ by 11.5% in the 2nd quarter. Hsbc Holdings PLC now owns 3,971 shares of the industrial products company's stock valued at $309,000 after purchasing an additional 409 shares during the last quarter. Finally, Riverwater Partners LLC boosted its stake in AZZ by 2.8% in the third quarter. Riverwater Partners LLC now owns 15,155 shares of the industrial products company's stock worth $1,222,000 after purchasing an additional 413 shares in the last quarter. Institutional investors own 90.93% of the company's stock.

About AZZ

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.