AZZ Inc. (NYSE:AZZ) Receives $96.80 Consensus PT from Analysts

AZZ Inc. (NYSE:AZZ - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the seven ratings firms that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $96.80.

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

Hedge Funds Weigh In On AZZ

A number of hedge funds have recently made changes to their positions in the business. FMR LLC increased its holdings in shares of AZZ by 13.6% in the third quarter. FMR LLC now owns 3,223,391 shares of the industrial products company's stock worth $266,284,000 after purchasing an additional 385,240 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in AZZ by 4.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,147,513 shares of the industrial products company's stock worth $88,646,000 after acquiring an additional 53,188 shares during the last quarter. State Street Corp raised its holdings in shares of AZZ by 2.6% during the 3rd quarter. State Street Corp now owns 1,100,189 shares of the industrial products company's stock worth $90,887,000 after acquiring an additional 27,710 shares in the last quarter. Wellington Management Group LLP bought a new position in shares of AZZ during the 3rd quarter valued at approximately $61,139,000. Finally, Geode Capital Management LLC grew its holdings in shares of AZZ by 1.5% in the third quarter. Geode Capital Management LLC now owns 675,603 shares of the industrial products company's stock valued at $55,823,000 after purchasing an additional 10,072 shares in the last quarter. Institutional investors own 90.93% of the company's stock.

AZZ Stock Up 1.6 %

AZZ traded up $1.46 during trading on Friday, reaching $95.40. The stock had a trading volume of 144,351 shares, compared to its average volume of 185,246. The company has a current ratio of 1.85, a quick ratio of 1.32 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of 74.53, a P/E/G ratio of 1.30 and a beta of 1.30. The stock's 50 day moving average is $83.89 and its two-hundred day moving average is $80.95. AZZ has a one year low of $50.27 and a one year high of $97.98.

AZZ (NYSE:AZZ - Get Free Report) last announced its earnings results on Wednesday, October 9th. The industrial products company reported $1.37 earnings per share for the quarter, beating analysts' consensus estimates of $1.32 by $0.05. The business had revenue of $409.01 million during the quarter, compared to the consensus estimate of $409.50 million. AZZ had a net margin of 7.63% and a return on equity of 16.88%. The business's revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.27 earnings per share. As a group, analysts expect that AZZ will post 5.12 earnings per share for the current year.

AZZ Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, October 18th were paid a $0.17 dividend. The ex-dividend date of this dividend was Friday, October 18th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.71%. AZZ's dividend payout ratio (DPR) is presently 53.13%.

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.