Roth Mkm Initiates Coverage on AZZ (NYSE:AZZ)

Investment analysts at Roth Mkm began coverage on shares of AZZ (NYSE:AZZ - Get Free Report) in a research report issued on Tuesday, Marketbeat Ratings reports. The brokerage set a "buy" rating and a $108.00 price target on the industrial products company's stock. Roth Mkm's price objective suggests a potential upside of 10.94% from the company's current price.

Separately, Jefferies Financial Group lifted their target price on shares of AZZ from $105.00 to $110.00 and gave the company a "buy" rating in a report on Friday, December 6th. Four equities research 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. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $100.67.

AZZ Stock Down 1.2 %

AZZ traded down $1.22 on Tuesday, hitting $97.35. The company had a trading volume of 96,672 shares, compared to its average volume of 217,305. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.77 and a quick ratio of 1.26. AZZ has a 52-week low of $69.59 and a 52-week high of $99.18. The stock has a fifty day simple moving average of $87.87 and a 200-day simple moving average of $83.49. The firm has a market capitalization of $2.91 billion, a P/E ratio of 65.97, a P/E/G ratio of 1.33 and a beta of 1.30.

AZZ (NYSE:AZZ - Get Free Report) last issued its quarterly earnings data 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. AZZ had a net margin of 7.94% and a return on equity of 16.99%. The business had revenue of $403.65 million during the quarter, compared to analyst estimates of $394.30 million. During the same period last year, the business posted $1.19 earnings per share. AZZ's quarterly revenue was up 5.8% compared to the same quarter last year. As a group, equities analysts expect that AZZ will post 5.13 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC lifted its stake in shares of AZZ by 32.4% during the 4th quarter. Farther Finance Advisors LLC now owns 515 shares of the industrial products company's stock valued at $42,000 after buying an additional 126 shares in the last quarter. US Bancorp DE lifted its stake in AZZ by 39.0% in the 4th quarter. US Bancorp DE now owns 463 shares of the industrial products company's stock worth $38,000 after purchasing an additional 130 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of AZZ by 4.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 3,658 shares of the industrial products company's stock worth $300,000 after buying an additional 143 shares during the last quarter. State of New Jersey Common Pension Fund D increased its holdings in shares of AZZ by 0.6% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 24,151 shares of the industrial products company's stock worth $1,978,000 after buying an additional 154 shares during the last quarter. Finally, Ameritas Investment Partners Inc. increased its holdings in shares of AZZ by 7.2% in the 4th quarter. Ameritas Investment Partners Inc. now owns 3,072 shares of the industrial products company's stock worth $252,000 after buying an additional 205 shares during the last quarter. Hedge funds and other 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.