AZZ Inc. (NYSE:AZZ – Get Free Report) announced a quarterly dividend on Thursday, June 27th, NASDAQ reports. Stockholders of record on Wednesday, July 10th will be paid a dividend of 0.17 per share by the industrial products company on Wednesday, July 31st. This represents a $0.68 annualized dividend and a dividend yield of 0.88%. The ex-dividend date is Wednesday, July 10th.
AZZ has a payout ratio of 11.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect AZZ to earn $5.76 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 11.8%.
AZZ Price Performance
Shares of AZZ stock opened at $77.27 on Friday. The stock’s fifty day simple moving average is $78.54 and its 200 day simple moving average is $71.19. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.89 and a quick ratio of 1.28. The firm has a market cap of $2.30 billion, a price-to-earnings ratio of 22.53, a P/E/G ratio of 1.11 and a beta of 1.27. AZZ has a one year low of $40.07 and a one year high of $86.94.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on AZZ shares. Noble Financial upgraded AZZ from a “market perform” rating to an “outperform” rating and set a $95.00 target price for the company in a research report on Tuesday, June 11th. StockNews.com lowered AZZ from a “buy” rating to a “hold” rating in a report on Tuesday, May 21st. B. Riley upped their target price on AZZ from $67.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday, April 23rd. Evercore ISI initiated coverage on AZZ in a research note on Friday, June 14th. They issued an “outperform” rating and a $90.00 price objective on the stock. Finally, Jefferies Financial Group started coverage on AZZ in a research note on Monday, May 20th. They set a “buy” rating and a $105.00 target price on the stock. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $93.75.
View Our Latest Analysis on AZZ
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.
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