AZZ Inc. (NYSE:AZZ) Shares Acquired by Farther Finance Advisors LLC

Farther Finance Advisors LLC raised its stake in shares of AZZ Inc. (NYSE:AZZ) by 32.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 515 shares of the industrial products company’s stock after acquiring an additional 126 shares during the period. Farther Finance Advisors LLC’s holdings in AZZ were worth $42,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. US Bancorp DE boosted its stake in shares of AZZ by 39.0% in the fourth quarter. US Bancorp DE now owns 463 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 130 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of AZZ by 202.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 475 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 318 shares during the period. KBC Group NV boosted its stake in shares of AZZ by 50.8% in the fourth quarter. KBC Group NV now owns 1,244 shares of the industrial products company’s stock valued at $102,000 after purchasing an additional 419 shares during the period. Flagship Harbor Advisors LLC purchased a new position in shares of AZZ in the fourth quarter valued at approximately $233,000. Finally, Millburn Ridgefield Corp purchased a new position in shares of AZZ in the third quarter valued at approximately $234,000. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AZZ has been the subject of several recent research reports. Noble Financial reissued an “outperform” rating on shares of AZZ in a research note on Thursday, March 6th. Jefferies Financial Group lifted 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. Roth Mkm assumed coverage on shares of AZZ in a research note on Tuesday, February 11th. They issued a “buy” rating and a $108.00 price target for the company. Roth Capital upgraded shares of AZZ to a “strong-buy” rating in a research note on Tuesday, February 11th. Finally, B. Riley lifted their price target on shares of AZZ from $99.00 to $111.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $100.67.

AZZ Stock Down 1.7 %

AZZ stock opened at $82.24 on Monday. 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 Inc. has a twelve month low of $69.59 and a twelve month high of $99.49. The company’s 50 day moving average is $90.45 and its two-hundred day moving average is $85.95. The stock has a market cap of $2.46 billion, a P/E ratio of 55.57, a PEG ratio of 1.32 and a beta of 1.27.

AZZ (NYSE:AZZ) last released its quarterly earnings data on Tuesday, January 7th. The industrial products company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $394.30 million. During the same quarter last year, the company earned $1.19 earnings per share. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. Research analysts expect that AZZ Inc. will post 5.13 earnings per share for the current fiscal year.

AZZ Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, January 30th were issued 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 dividend yield of 0.83%. AZZ’s payout ratio 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.