AZZ Inc. (NYSE:AZZ) Receives $96.80 Average PT from Brokerages

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

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

AZZ Trading Down 1.9 %

AZZ stock traded down $1.69 during trading hours on Friday, reaching $86.47. The company had a trading volume of 136,788 shares, compared to its average volume of 136,870. The firm has a market cap of $2.58 billion, a price-to-earnings ratio of 58.42, a P/E/G ratio of 1.22 and a beta of 1.30. AZZ has a 12-month low of $60.82 and a 12-month high of $97.98. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.77 and a quick ratio of 1.26. The company has a 50-day moving average price of $88.09 and a 200 day moving average price of $82.65.

AZZ (NYSE:AZZ - Get Free Report) last posted its quarterly earnings results on Tuesday, January 7th. The industrial products company reported $1.39 EPS for the quarter, beating analysts' consensus estimates of $1.29 by $0.10. The company had revenue of $403.65 million during the quarter, compared to analyst estimates of $394.30 million. AZZ had a net margin of 7.94% and a return on equity of 16.99%. The firm's revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.19 EPS. Equities analysts forecast that AZZ will post 5.13 earnings per share for the current year.

AZZ Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, January 30th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.79%. The ex-dividend date is Thursday, January 30th. AZZ's dividend payout ratio is currently 45.95%.

Institutional Trading of AZZ

Hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC increased its position 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 buying an additional 379 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in shares of AZZ in the second quarter worth $52,000. CWM LLC grew its stake in shares of AZZ by 51.2% in the third quarter. CWM LLC now owns 694 shares of the industrial products company's stock worth $57,000 after acquiring an additional 235 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of AZZ during the second quarter valued at $67,000. Finally, KBC Group NV raised its position in shares of AZZ by 50.8% in the 4th quarter. KBC Group NV now owns 1,244 shares of the industrial products company's stock worth $102,000 after purchasing an additional 419 shares during the last quarter. 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.