Analysts Set AZZ Inc. (NYSE:AZZ) PT at $100.67

AZZ Inc. (NYSE:AZZ - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the nine brokerages that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $100.67.

Several equities analysts have recently issued reports on AZZ shares. 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. Roth Capital raised shares of AZZ to a "strong-buy" rating in a report on Tuesday, February 11th. B. Riley boosted their price target on shares of AZZ from $99.00 to $111.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Finally, Roth Mkm initiated coverage on shares of AZZ in a report on Tuesday, February 11th. They set a "buy" rating and a $108.00 price target for the company.

Hedge Funds Weigh In On AZZ

A number of institutional investors have recently bought and sold shares of AZZ. CWM LLC increased its stake in AZZ by 51.2% in the 3rd quarter. CWM LLC now owns 694 shares of the industrial products company's stock worth $57,000 after purchasing an additional 235 shares in the last quarter. Foundations Investment Advisors LLC purchased a new position in AZZ in the 3rd quarter worth about $229,000. Riverwater Partners LLC increased its stake in AZZ by 2.8% in the 3rd 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. Pullen Investment Management LLC increased its stake in AZZ by 15.3% in the 3rd quarter. Pullen Investment Management LLC now owns 13,119 shares of the industrial products company's stock worth $1,084,000 after purchasing an additional 1,740 shares in the last quarter. Finally, Oak Harvest Investment Services purchased a new position in AZZ in the 3rd quarter worth about $207,000. Hedge funds and other institutional investors own 90.93% of the company's stock.

AZZ Stock Performance

AZZ stock traded down $2.96 during mid-day trading on Wednesday, reaching $94.70. The company's stock had a trading volume of 247,132 shares, compared to its average volume of 237,312. The firm has a market cap of $2.83 billion, a price-to-earnings ratio of 63.99, a PEG ratio of 1.36 and a beta of 1.30. The business has a 50 day moving average price of $88.22 and a 200-day moving average price of $84.32. The company has a current ratio of 1.77, a quick ratio of 1.26 and a debt-to-equity ratio of 0.85. AZZ has a twelve month low of $69.59 and a twelve month high of $99.49.

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

AZZ Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, January 30th were paid a $0.17 dividend. The ex-dividend date of this dividend was Thursday, January 30th. This represents a $0.68 dividend on an annualized basis and a yield of 0.72%. AZZ's dividend payout ratio is currently 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.