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

Shares of AZZ Inc. (NYSE:AZZ) have received a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $96.80.

Separately, Jefferies Financial Group raised their price objective on shares of AZZ from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, December 6th.

AZZ Trading Down 0.9 %

Shares of NYSE:AZZ opened at $81.33 on Tuesday. The company has a 50 day moving average of $86.12 and a 200-day moving average of $81.61. The company has a current ratio of 1.85, a quick ratio of 1.32 and a debt-to-equity ratio of 0.91. The firm has a market cap of $2.43 billion, a P/E ratio of 63.54, a P/E/G ratio of 1.33 and a beta of 1.30. AZZ has a twelve month low of $55.78 and a twelve month high of $97.98.

AZZ (NYSE:AZZ) last released its earnings results on Wednesday, October 9th. The industrial products company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.05. AZZ had a return on equity of 16.88% and a net margin of 7.63%. The firm had revenue of $409.01 million during the quarter, compared to the consensus estimate of $409.50 million. During the same period in the prior year, the firm posted $1.27 earnings per share. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. As a group, analysts anticipate that AZZ will post 5.08 earnings per share for the current fiscal year.

AZZ Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, October 18th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.84%. The ex-dividend date was Friday, October 18th. AZZ’s payout ratio is 53.13%.

Institutional Trading of AZZ

A number of hedge funds have recently modified their holdings of AZZ. Farther Finance Advisors LLC raised its position in AZZ by 3,790.0% during the third quarter. Farther Finance Advisors LLC now owns 389 shares of the industrial products company’s stock valued at $32,000 after buying an additional 379 shares during the period. Point72 DIFC Ltd purchased a new stake in shares of AZZ in the second quarter worth approximately $52,000. CWM LLC boosted its holdings in shares of AZZ by 51.2% during the third quarter. CWM LLC now owns 694 shares of the industrial products company’s stock worth $57,000 after purchasing an additional 235 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of AZZ during the second quarter worth approximately $67,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in AZZ during the second quarter valued at approximately $100,000. 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.