AZZ Inc (NYSE:AZZ) Receives Consensus Rating of “Buy” from Analysts

AZZ Inc (NYSE:AZZ) has been assigned a consensus broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company.

Brokerages have set a one year consensus price target of $48.00 for the company and are anticipating that the company will post $0.53 earnings per share for the current quarter, according to Zacks. Zacks has also assigned AZZ an industry rank of 238 out of 256 based on the ratings given to related companies.

Several analysts recently weighed in on AZZ shares. TheStreet upgraded AZZ from a “c+” rating to a “b-” rating in a research note on Thursday, July 25th. Zacks Investment Research downgraded AZZ from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 30th.

Institutional investors and hedge funds have recently modified their holdings of the business. Avestar Capital LLC purchased a new stake in AZZ during the 1st quarter valued at $40,000. Bank of Montreal Can boosted its stake in AZZ by 19.0% during the 1st quarter. Bank of Montreal Can now owns 1,618 shares of the industrial products company’s stock valued at $66,000 after purchasing an additional 258 shares during the last quarter. Quantamental Technologies LLC boosted its stake in AZZ by 39.9% during the 2nd quarter. Quantamental Technologies LLC now owns 1,752 shares of the industrial products company’s stock valued at $81,000 after purchasing an additional 500 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in AZZ during the 1st quarter valued at $93,000. Finally, Cullen Frost Bankers Inc. purchased a new stake in AZZ during the 1st quarter valued at $190,000. Institutional investors and hedge funds own 86.45% of the company’s stock.

Shares of NYSE:AZZ traded down $0.28 during trading on Friday, hitting $41.40. The stock had a trading volume of 739 shares, compared to its average volume of 160,988. The company has a quick ratio of 2.01, a current ratio of 2.86 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $1.09 billion, a PE ratio of 21.12 and a beta of 1.43. The firm’s fifty day moving average is $44.69 and its 200 day moving average is $44.66. AZZ has a 12 month low of $37.43 and a 12 month high of $55.31.

AZZ (NYSE:AZZ) last posted its quarterly earnings results on Monday, July 8th. The industrial products company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.10. The company had revenue of $289.10 million for the quarter, compared to the consensus estimate of $277.20 million. AZZ had a return on equity of 9.44% and a net margin of 5.95%. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.60 EPS. Equities research analysts expect that AZZ will post 2.59 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, August 5th. Shareholders of record on Monday, July 22nd were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, July 19th. This represents a $0.68 annualized dividend and a yield of 1.64%. AZZ’s dividend payout ratio is 34.69%.

AZZ Company Profile

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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