AZZ Inc. (NYSE:AZZ) Receives $100.67 Consensus PT from Brokerages

Shares of AZZ Inc. (NYSE:AZZ) have received an average rating of “Moderate Buy” from the nine research firms that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $100.67.

A number of brokerages have recently commented on AZZ. Roth Mkm initiated coverage on AZZ in a research note on Tuesday, February 11th. They issued a “buy” rating and a $108.00 target price on the stock. Roth Capital raised shares of AZZ to a “strong-buy” rating in a research note on Tuesday, February 11th. B. Riley lifted their target price on shares of AZZ from $99.00 to $111.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. 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 report on Friday, December 6th. Finally, Noble Financial reaffirmed an “outperform” rating on shares of AZZ in a report on Thursday, March 6th.

Institutional Trading of AZZ

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Pullen Investment Management LLC boosted its holdings in AZZ by 45.8% in the 4th quarter. Pullen Investment Management LLC now owns 19,126 shares of the industrial products company’s stock worth $1,567,000 after buying an additional 6,007 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of AZZ during the fourth quarter worth approximately $2,514,000. PharVision Advisers LLC acquired a new position in AZZ in the 4th quarter valued at $297,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in AZZ by 16.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 69,111 shares of the industrial products company’s stock valued at $5,662,000 after purchasing an additional 9,531 shares in the last quarter. Finally, Sovereign s Capital Management LLC acquired a new stake in AZZ during the 4th quarter worth $897,000. Hedge funds and other institutional investors own 90.93% of the company’s stock.

AZZ Stock Performance

AZZ opened at $83.62 on Friday. The firm has a 50 day moving average of $90.46 and a two-hundred day moving average of $85.87. The firm has a market capitalization of $2.50 billion, a PE ratio of 56.50, a P/E/G ratio of 1.32 and a beta of 1.27. 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 12-month low of $69.59 and a 12-month high of $99.49.

AZZ (NYSE:AZZ) last issued its earnings results on Tuesday, January 7th. The industrial products company reported $1.39 earnings per share (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 firm had revenue of $403.65 million during the quarter, compared to analysts’ expectations of $394.30 million. During the same quarter last year, the company posted $1.19 earnings per share. The firm’s revenue was up 5.8% compared to the same quarter last year. On average, analysts anticipate that AZZ will post 5.13 EPS for the current year.

AZZ Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, January 30th were given a $0.17 dividend. The ex-dividend date of this dividend was Thursday, January 30th. This represents a $0.68 annualized dividend and a dividend yield of 0.81%. AZZ’s dividend payout ratio (DPR) is 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.