AZZ Inc. (NYSE:AZZ) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of AZZ Inc. (NYSE:AZZ) have received an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $96.80.

Separately, Jefferies Financial Group increased their price target on shares of AZZ from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, December 6th.

AZZ Stock Performance

AZZ stock opened at $96.06 on Friday. The stock has a fifty day moving average price of $84.42 and a 200 day moving average price of $81.06. AZZ has a 52 week low of $50.27 and a 52 week high of $97.98. The firm has a market capitalization of $2.87 billion, a P/E ratio of 75.05, a PEG ratio of 1.33 and a beta of 1.30. The company has a current ratio of 1.85, a quick ratio of 1.32 and a debt-to-equity ratio of 0.91.

AZZ (NYSE:AZZ) last posted its quarterly earnings results on Wednesday, October 9th. The industrial products company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.32 by $0.05. The company had revenue of $409.01 million during the quarter, compared to analysts’ expectations of $409.50 million. AZZ had a return on equity of 16.88% and a net margin of 7.63%. The firm’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.27 EPS. Equities research analysts anticipate that AZZ will post 5.12 earnings per share for the current year.

AZZ Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Friday, October 18th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date was Friday, October 18th. AZZ’s dividend payout ratio (DPR) is presently 53.13%.

Hedge Funds Weigh In On AZZ

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC raised its position in AZZ by 3,790.0% in the third quarter. Farther Finance Advisors LLC now owns 389 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 379 shares during the period. CWM LLC raised its holdings in shares of AZZ by 69.4% during the 2nd quarter. CWM LLC now owns 459 shares of the industrial products company’s stock valued at $35,000 after buying an additional 188 shares during the period. Point72 DIFC Ltd acquired a new position in AZZ during the 2nd quarter worth approximately $52,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in AZZ in the 2nd quarter worth approximately $67,000. Finally, 1620 Investment Advisors Inc. acquired a new stake in AZZ in the second quarter valued at approximately $72,000. Institutional investors and hedge funds own 90.93% of the company’s stock.

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.