Analysts Set AZZ Inc. (NYSE:AZZ) Target Price at $100.67

AZZ Inc. (NYSE:AZZ) has been assigned an average rating of “Moderate Buy” from the nine research firms that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $100.67.

AZZ has been the topic of a number of analyst reports. Roth Mkm initiated coverage on AZZ in a research report on Tuesday, February 11th. They issued a “buy” rating and a $108.00 price target on the stock. Roth Capital upgraded AZZ to a “strong-buy” rating in a research report on Tuesday, February 11th. Jefferies Financial Group upped their price target on AZZ from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Finally, B. Riley upped their price target on AZZ from $99.00 to $111.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th.

Hedge Funds Weigh In On AZZ

A number of large investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC raised its position in shares of AZZ by 3,790.0% in the third quarter. Farther Finance Advisors LLC now owns 389 shares of the industrial products company’s stock worth $32,000 after buying an additional 379 shares in the last quarter. US Bancorp DE raised its position in shares of AZZ by 39.0% in the fourth quarter. US Bancorp DE now owns 463 shares of the industrial products company’s stock worth $38,000 after buying an additional 130 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of AZZ by 202.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 475 shares of the industrial products company’s stock worth $39,000 after buying an additional 318 shares in the last quarter. CWM LLC raised its position in shares of AZZ by 51.2% in the third quarter. CWM LLC now owns 694 shares of the industrial products company’s stock worth $57,000 after buying an additional 235 shares in the last quarter. Finally, Quarry LP raised its position in shares of AZZ by 2,150.0% in the fourth quarter. Quarry LP now owns 855 shares of the industrial products company’s stock worth $70,000 after buying an additional 817 shares in the last quarter. 90.93% of the stock is owned by institutional investors.

AZZ Trading Up 0.2 %

Shares of AZZ stock opened at $96.37 on Wednesday. The firm has a market capitalization of $2.88 billion, a P/E ratio of 65.12, a P/E/G ratio of 1.32 and a beta of 1.30. AZZ has a twelve month low of $69.59 and a twelve month high of $99.49. The company has a quick ratio of 1.26, a current ratio of 1.77 and a debt-to-equity ratio of 0.85. The stock’s fifty day simple moving average is $88.37 and its 200 day simple moving average is $84.79.

AZZ (NYSE:AZZ) last issued its quarterly earnings data on Tuesday, January 7th. The industrial products company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.10. The business had revenue of $403.65 million for the quarter, compared to analyst estimates of $394.30 million. AZZ had a return on equity of 16.99% and a net margin of 7.94%. AZZ’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.19 EPS. As a group, sell-side analysts predict that AZZ will post 5.13 EPS for the current fiscal year.

AZZ Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, January 30th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend was Thursday, January 30th. AZZ’s payout ratio is currently 45.95%.

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.