AZZ Inc. (NYSE:AZZ) has earned a consensus broker rating score of 3.00 (Hold) from the two brokers that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a hold recommendation.
Brokerages have set a 1-year consensus target price of $60.00 for the company and are forecasting that the company will post $0.69 earnings per share for the current quarter, according to Zacks. Zacks has also given AZZ an industry rank of 198 out of 265 based on the ratings given to its competitors.
AZZ has been the subject of several research reports. Zacks Investment Research raised shares of AZZ from a “hold” rating to a “buy” rating and set a $66.00 target price on the stock in a research report on Thursday, July 7th. DA Davidson reaffirmed a “hold” rating and issued a $55.00 target price on shares of AZZ in a research report on Wednesday, July 6th.
In related news, SVP Timothy E. Pendley sold 1,200 shares of the stock in a transaction dated Tuesday, July 19th. The shares were sold at an average price of $62.02, for a total transaction of $74,424.00. Following the sale, the senior vice president now directly owns 30,980 shares of the company’s stock, valued at approximately $1,921,379.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Wallace P. Eisman acquired 1,000 shares of the business’s stock in a transaction that occurred on Friday, July 15th. The shares were purchased at an average cost of $62.27 per share, for a total transaction of $62,270.00. Following the completion of the transaction, the director now directly owns 4,641 shares in the company, valued at approximately $288,995.07. The disclosure for this purchase can be found here. Corporate insiders own 0.01% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. Advisors Asset Management Inc. increased its stake in shares of AZZ by 12.7% in the second quarter. Advisors Asset Management Inc. now owns 1,737 shares of the company’s stock valued at $104,000 after buying an additional 196 shares during the period. BlackRock Inc. increased its stake in shares of AZZ by 131.3% in the first quarter. BlackRock Inc. now owns 1,876 shares of the company’s stock valued at $106,000 after buying an additional 1,065 shares during the period. Tower Research Capital LLC TRC purchased a new stake in shares of AZZ during the second quarter valued at approximately $181,000. PineBridge Investments L.P. increased its stake in shares of AZZ by 4.1% in the second quarter. PineBridge Investments L.P. now owns 3,288 shares of the company’s stock valued at $197,000 after buying an additional 131 shares during the period. Finally, Cubist Systematic Strategies LLC increased its stake in shares of AZZ by 35.0% in the second quarter. Cubist Systematic Strategies LLC now owns 3,434 shares of the company’s stock valued at $206,000 after buying an additional 890 shares during the period. 84.08% of the stock is currently owned by institutional investors.
Shares of AZZ (NYSE:AZZ) opened at 65.68 on Friday. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 21.89 and a beta of 1.45. AZZ has a 12 month low of $46.39 and a 12 month high of $67.98. The firm has a 50-day moving average of $65.31 and a 200 day moving average of $59.83.
AZZ (NYSE:AZZ) last issued its quarterly earnings data on Tuesday, July 5th. The company reported $0.81 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by $0.03. AZZ had a return on equity of 16.95% and a net margin of 8.50%. The company earned $242.70 million during the quarter. During the same period in the previous year, the business earned $0.77 EPS. The company’s quarterly revenue was up 6.0% on a year-over-year basis. On average, analysts expect that AZZ will post $3.31 earnings per share for the current year.
AZZ Company Profile
AZZ Inc is a provider of galvanizing services, welding solutions, specialty electrical equipment and engineered services to the power generation, transmission, distribution, refining and industrial markets. The Company operates through two segments: Energy segment and Galvanizing segment. Its Energy segment provides products and services designed to support industrial, nuclear and electrical applications.
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