AZZ Incorporated (NYSE:AZZ) has received an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating.
Brokers have set a 12 month consensus price objective of $48.00 for the company and are expecting that the company will post $0.39 EPS for the current quarter, according to Zacks. Zacks has also assigned AZZ an industry rank of 83 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research lowered shares of AZZ from a “hold” rating to a “sell” rating in a report on Thursday, February 1st.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 9th. Investors of record on Wednesday, April 25th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Tuesday, April 24th. AZZ’s dividend payout ratio is currently 27.20%.
Several hedge funds have recently added to or reduced their stakes in the stock. Xact Kapitalforvaltning AB bought a new position in shares of AZZ during the 4th quarter valued at $222,000. Segall Bryant & Hamill LLC grew its holdings in shares of AZZ by 72.2% during the 4th quarter. Segall Bryant & Hamill LLC now owns 305,807 shares of the industrial products company’s stock valued at $15,627,000 after purchasing an additional 128,269 shares during the last quarter. MetLife Investment Advisors LLC bought a new position in shares of AZZ during the 4th quarter valued at $640,000. Municipal Employees Retirement System of Michigan grew its holdings in shares of AZZ by 18.5% during the 4th quarter. Municipal Employees Retirement System of Michigan now owns 11,580 shares of the industrial products company’s stock valued at $591,000 after purchasing an additional 1,810 shares during the last quarter. Finally, Millennium Management LLC bought a new position in shares of AZZ during the 4th quarter valued at $297,000. 92.56% of the stock is currently owned by institutional investors.
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AZZ Inc provides galvanizing 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 and Galvanizing Services. The Energy segment provides specialized products and services designed to support industrial, nuclear, and electrical applications.
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