AZZ Inc. (NYSE:AZZ) Receives $100.67 Consensus Target Price from Analysts

Shares of AZZ Inc. (NYSE:AZZ - Get Free Report) have received an average rating of "Moderate Buy" from the nine ratings firms that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned 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 $100.67.

Several equities analysts 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. Noble Financial reiterated an "outperform" rating on shares of AZZ in a research report on Thursday, March 6th. Roth Capital upgraded AZZ to a "strong-buy" rating in a research report on Tuesday, February 11th. Jefferies Financial Group upped their target price on shares of AZZ from $105.00 to $110.00 and gave the company a "buy" rating in a research report on Friday, December 6th. Finally, B. Riley lifted their price target on shares of AZZ from $99.00 to $111.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AZZ. Principal Financial Group Inc. lifted its holdings in shares of AZZ by 6.8% during the 3rd quarter. Principal Financial Group Inc. now owns 157,418 shares of the industrial products company's stock valued at $13,004,000 after purchasing an additional 10,038 shares in the last quarter. State of New Jersey Common Pension Fund D raised its holdings in shares of AZZ by 9.7% during the third quarter. State of New Jersey Common Pension Fund D now owns 23,997 shares of the industrial products company's stock worth $1,982,000 after acquiring an additional 2,114 shares during the period. Victory Capital Management Inc. lifted its position in AZZ by 54.6% in the 3rd quarter. Victory Capital Management Inc. now owns 35,240 shares of the industrial products company's stock valued at $2,911,000 after acquiring an additional 12,451 shares in the last quarter. Chesapeake Capital Corp IL boosted its stake in AZZ by 27.9% in the 3rd quarter. Chesapeake Capital Corp IL now owns 16,540 shares of the industrial products company's stock worth $1,361,000 after purchasing an additional 3,609 shares during the period. Finally, Quest Partners LLC bought a new position in AZZ during the 3rd quarter worth about $611,000. 90.93% of the stock is currently owned by institutional investors.

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AZZ Stock Performance

AZZ stock traded up $0.72 during trading hours on Friday, hitting $84.44. The stock had a trading volume of 317,264 shares, compared to its average volume of 245,543. The company has a 50-day moving average of $90.46 and a two-hundred day moving average of $85.87. 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 fifty-two week low of $69.59 and a fifty-two week high of $99.49. The company has a market cap of $2.52 billion, a PE ratio of 57.05, a price-to-earnings-growth ratio of 1.32 and a beta of 1.27.

AZZ (NYSE:AZZ - Get Free Report) last issued its earnings results on Tuesday, January 7th. The industrial products company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.29 by $0.10. The firm had revenue of $403.65 million during the quarter, compared to analysts' expectations of $394.30 million. AZZ had a return on equity of 16.99% and a net margin of 7.94%. AZZ's quarterly revenue was up 5.8% compared to the same quarter last year. During the same period last year, the business earned $1.19 earnings per share. On average, equities research analysts anticipate that AZZ will post 5.13 EPS for the current fiscal year.

AZZ Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, January 30th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend was Thursday, January 30th. AZZ's dividend payout ratio (DPR) is 45.95%.

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.