AZZ Inc. (AZZ) Director Venita Mccellon-Allen Buys 5,000 Shares
AZZ Inc. (NYSE:AZZ) Director Venita Mccellon-Allen purchased 5,000 shares of AZZ stock in a transaction dated Monday, October 17th. The stock was acquired at an average price of $53.91 per share, for a total transaction of $269,550.00. Following the completion of the acquisition, the director now owns 6,641 shares of the company’s stock, valued at approximately $358,016.31. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.
AZZ Inc. (NYSE:AZZ) traded down 0.19% on Tuesday, reaching $53.85. The company’s stock had a trading volume of 162,010 shares. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 19.88 and a beta of 1.34. The company has a 50 day moving average of $62.57 and a 200 day moving average of $60.29. AZZ Inc. has a 52 week low of $47.04 and a 52 week high of $67.98.
AZZ (NYSE:AZZ) last posted its quarterly earnings data on Wednesday, October 5th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by $0.17. AZZ had a return on equity of 15.84% and a net margin of 7.88%. The firm earned $195 million during the quarter, compared to analyst estimates of $225.43 million. During the same quarter in the previous year, the firm posted $0.67 earnings per share. The company’s quarterly revenue was down 9.0% on a year-over-year basis. On average, analysts forecast that AZZ Inc. will post $3.31 earnings per share for the current year.
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The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 1st. Investors of record on Tuesday, October 18th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.26%. This is a boost from AZZ’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, October 14th. AZZ’s payout ratio is presently 25.00%.
A number of large investors have recently bought and sold shares of the company. Louisiana State Employees Retirement System boosted its stake in AZZ by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 11,500 shares of the company’s stock valued at $690,000 after buying an additional 100 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in AZZ by 0.6% in the second quarter. JPMorgan Chase & Co. now owns 16,826 shares of the company’s stock valued at $1,009,000 after buying an additional 100 shares during the last quarter. PineBridge Investments L.P. boosted its stake in 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 last quarter. Advisors Asset Management Inc. boosted its stake in 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 last quarter. Finally, United Services Automobile Association boosted its stake in AZZ by 2.9% in the second quarter. United Services Automobile Association now owns 7,190 shares of the company’s stock valued at $431,000 after buying an additional 200 shares during the last quarter. Institutional investors own 83.80% of the company’s stock.
Several equities research analysts have recently weighed in on AZZ shares. Zacks Investment Research upgraded AZZ from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a report on Thursday, July 7th. DA Davidson restated a “hold” rating and set a $55.00 price objective on shares of AZZ in a report on Wednesday, July 6th.
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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