AZZ Inc. (NYSE:AZZ) Receives $100.71 Consensus PT from Analysts

AZZ Inc. (NYSE:AZZ) has earned a consensus rating of “Moderate Buy” from the ten research firms that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $100.71.

Several equities analysts have issued reports on AZZ shares. Sidoti raised shares of AZZ from a “neutral” rating to a “buy” rating and set a $101.00 price objective on the stock in a report on Wednesday. B. Riley raised their price target on shares of AZZ from $99.00 to $111.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Noble Financial reiterated an “outperform” rating on shares of AZZ in a research note on Thursday, March 6th. Roth Mkm initiated coverage on AZZ in a report on Tuesday, February 11th. They set a “buy” rating and a $108.00 target price for the company. Finally, Roth Capital raised AZZ to a “strong-buy” rating in a research note on Tuesday, February 11th.

AZZ Trading Up 1.2 %

Shares of NYSE:AZZ opened at $81.85 on Thursday. The business’s 50 day moving average price is $88.97 and its 200-day moving average price is $86.33. AZZ has a 1 year low of $69.59 and a 1 year high of $99.49. The firm has a market capitalization of $2.45 billion, a price-to-earnings ratio of 55.30, a price-to-earnings-growth ratio of 1.32 and a beta of 1.22. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.77 and a quick ratio of 1.26.

AZZ Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 24th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date is Thursday, April 24th. AZZ’s dividend payout ratio (DPR) is currently 45.95%.

Institutional Trading of AZZ

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Procyon Advisors LLC grew its holdings in shares of AZZ by 22.1% in the first quarter. Procyon Advisors LLC now owns 3,798 shares of the industrial products company’s stock valued at $318,000 after purchasing an additional 687 shares during the period. GAMMA Investing LLC boosted its holdings in AZZ by 16,255.5% in the 1st quarter. GAMMA Investing LLC now owns 22,407 shares of the industrial products company’s stock valued at $1,873,000 after purchasing an additional 22,270 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of AZZ by 19.2% in the 4th quarter. Wellington Management Group LLP now owns 882,308 shares of the industrial products company’s stock valued at $72,279,000 after buying an additional 142,215 shares during the period. Pullen Investment Management LLC increased its holdings in shares of AZZ by 45.8% during 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. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of AZZ during the 4th quarter worth approximately $2,514,000. 90.93% of the stock is owned by institutional investors and hedge funds.

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.