AZZ Inc. (NYSE:AZZ) Receives $95.80 Consensus Target Price from Analysts

AZZ Inc. (NYSE:AZZ) has been assigned an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $95.80.

A number of research analysts recently issued reports on AZZ shares. Robert W. Baird started coverage on shares of AZZ in a report on Tuesday, July 23rd. They issued a “neutral” rating and a $90.00 price objective for the company. Baird R W upgraded shares of AZZ to a “hold” rating in a report on Tuesday, July 23rd. B. Riley raised their target price on AZZ from $89.00 to $99.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Finally, Wolfe Research assumed coverage on AZZ in a research report on Wednesday, July 31st. They issued a “peer perform” rating on the stock.

AZZ Stock Performance

NYSE AZZ opened at $77.64 on Thursday. The firm’s fifty day moving average price is $79.52 and its two-hundred day moving average price is $78.88. The stock has a market cap of $2.31 billion, a PE ratio of 72.56, a PEG ratio of 1.18 and a beta of 1.23. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.28 and a current ratio of 1.89. AZZ has a fifty-two week low of $44.83 and a fifty-two week high of $88.67.

AZZ (NYSE:AZZ) last issued its quarterly earnings data on Wednesday, October 9th. The industrial products company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.05. The business had revenue of $409.01 million for the quarter, compared to analyst estimates of $409.50 million. AZZ had a return on equity of 18.19% and a net margin of 7.63%. AZZ’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.27 EPS. On average, equities analysts expect that AZZ will post 4.95 EPS for the current fiscal year.

AZZ Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 18th will be given a dividend of $0.17 per share. The ex-dividend date is Friday, October 18th. This represents a $0.68 annualized dividend and a dividend yield of 0.88%. AZZ’s dividend payout ratio (DPR) is presently 63.55%.

Institutional Trading of AZZ

A number of institutional investors have recently made changes to their positions in AZZ. Financial Synergies Wealth Advisors Inc. bought a new position in AZZ in the first quarter worth about $32,000. CWM LLC raised its stake in shares of AZZ by 69.4% in the second quarter. CWM LLC now owns 459 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 188 shares during the last quarter. Point72 DIFC Ltd bought a new position in shares of AZZ during the second quarter valued at $52,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of AZZ during the second quarter valued at $67,000. Finally, 1620 Investment Advisors Inc. bought a new stake in AZZ in the 2nd quarter worth about $72,000. Hedge funds and other institutional investors own 90.93% of the company’s stock.

AZZ Company Profile

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.