AZZ Inc (AZZ) Given Consensus Rating of “Buy” by Brokerages

Shares of AZZ Inc (NYSE:AZZ) have received an average broker rating score of 2.00 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.

Analysts have set a one year consensus price objective of $48.00 for the company and are expecting that the company will post $0.64 earnings per share for the current quarter, according to Zacks. Zacks has also assigned AZZ an industry rank of 191 out of 256 based on the ratings given to its competitors.

Separately, Zacks Investment Research upgraded AZZ from a “sell” rating to a “hold” rating in a report on Monday, March 18th.

Institutional investors have recently made changes to their positions in the business. Marshall Wace LLP bought a new position in AZZ during the 1st quarter valued at approximately $1,649,000. FMR LLC boosted its position in AZZ by 6.2% in the first quarter. FMR LLC now owns 716,433 shares of the industrial products company’s stock worth $29,324,000 after purchasing an additional 41,567 shares during the last quarter. BlueMountain Capital Management LLC boosted its position in AZZ by 157.2% in the first quarter. BlueMountain Capital Management LLC now owns 8,492 shares of the industrial products company’s stock worth $348,000 after purchasing an additional 5,190 shares during the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new position in AZZ in the first quarter worth $2,500,000. Finally, SEI Investments Co boosted its position in AZZ by 16.4% in the first quarter. SEI Investments Co now owns 57,161 shares of the industrial products company’s stock worth $2,340,000 after purchasing an additional 8,072 shares during the last quarter. 86.71% of the stock is owned by hedge funds and other institutional investors.

Shares of AZZ traded up $0.25 during mid-day trading on Friday, reaching $42.55. 1,419 shares of the company were exchanged, compared to its average volume of 154,952. AZZ has a 52 week low of $37.43 and a 52 week high of $56.05. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.30 and a quick ratio of 1.54. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 21.78 and a beta of 1.42.

AZZ (NYSE:AZZ) last issued its quarterly earnings data on Monday, May 20th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.12). The company had revenue of $202.50 million for the quarter, compared to the consensus estimate of $223.29 million. AZZ had a return on equity of 8.67% and a net margin of 5.52%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. As a group, sell-side analysts anticipate that AZZ will post 2.52 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th were paid a $0.17 dividend. The ex-dividend date was Tuesday, April 23rd. This represents a $0.68 dividend on an annualized basis and a yield of 1.60%. AZZ’s dividend payout ratio (DPR) is presently 34.69%.

About AZZ

AZZ Inc provides galvanizing and metal coating services, welding solutions, specialty electrical equipment, and highly engineered services to the power generation, transmission, distribution, refining, and industrial markets. The company operates through two segments, Energy Segment and Metal Coatings.

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