AZZ CEO Sells $425,000 in Stock (AZZ)
AZZ (NYSE:AZZ) CEO David Dingus sold 10,000 shares of AZZ stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $42.50, for a total transaction of $425,000.00. Following the sale, the chief executive officer now directly owns 192,938 shares of the company’s stock, valued at approximately $8,199,865. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on AZZ. Analysts at Zacks downgraded shares of AZZ from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, October 8th. They now have a $38.90 price target on the stock.
AZZ (NYSE:AZZ) traded up 0.85% on Friday, hitting $43.81. The stock had a trading volume of 152,278 shares. AZZ has a 1-year low of $34.61 and a 1-year high of $49.10. The stock’s 50-day moving average is $41.27 and its 200-day moving average is $40.79. The company has a market cap of $1.117 billion and a P/E ratio of 18.72.
AZZ (NYSE:AZZ) last released its earnings data on Friday, September 27th. The company reported $0.57 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.66 by $0.09. The company had revenue of $189.80 million for the quarter, compared to the consensus estimate of $202.83 million. During the same quarter last year, the company posted $0.62 earnings per share. AZZ’s revenue was up 23.7% compared to the same quarter last year. On average, analysts predict that AZZ will post $2.77 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, October 25th. Investors of record on Friday, October 11th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Wednesday, October 9th.
AZZ incorporated is an electrical equipment and components manufacturer, serving the global markets of power generation, transmission and distribution, and the general industrial markets, and a provider of hot dip galvanizing services to the North American steel fabrication market.
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