H Kirk Downey Sells 4,088 Shares of AZZ Inc (AZZ) Stock
AZZ Inc (NYSE:AZZ) Director H Kirk Downey sold 4,088 shares of the firm’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $57.56, for a total value of $235,305.28. Following the sale, the director now directly owns 9,156 shares of the company’s stock, valued at $527,019.36. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
H Kirk Downey also recently made the following trade(s):
- On Monday, May 1st, H Kirk Downey sold 137 shares of AZZ stock. The stock was sold at an average price of $59.10, for a total value of $8,096.70.
Shares of AZZ Inc (NYSE:AZZ) traded down 0.35% during mid-day trading on Wednesday, hitting $57.65. The company had a trading volume of 78,862 shares. The firm has a 50-day moving average of $58.18 and a 200-day moving average of $59.78. The company has a market cap of $1.50 billion, a PE ratio of 24.74 and a beta of 1.46. AZZ Inc has a 12 month low of $51.20 and a 12 month high of $67.98.
AZZ (NYSE:AZZ) last released its earnings results on Thursday, April 20th. The industrial products company reported $0.44 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by $0.17. AZZ had a return on equity of 14.39% and a net margin of 7.41%. The business had revenue of $193.80 million for the quarter, compared to analysts’ expectations of $215.86 million. During the same quarter last year, the company posted $0.62 earnings per share. The business’s quarterly revenue was down 10.9% compared to the same quarter last year. On average, analysts expect that AZZ Inc will post $2.79 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 10th. Shareholders of record on Wednesday, April 26th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, April 24th. This represents a $0.68 annualized dividend and a yield of 1.18%. AZZ’s dividend payout ratio is presently 27.09%.
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A number of brokerages recently issued reports on AZZ. Zacks Investment Research raised AZZ from a “sell” rating to a “hold” rating in a research report on Tuesday, March 28th. Stifel Nicolaus raised AZZ from a “sell” rating to a “hold” rating and raised their price objective for the stock from $57.00 to $60.00 in a research report on Tuesday, January 10th.
Large investors have recently made changes to their positions in the company. BlackRock Group LTD raised its stake in shares of AZZ by 4.6% in the third quarter. BlackRock Group LTD now owns 39,632 shares of the industrial products company’s stock valued at $2,586,000 after buying an additional 1,738 shares in the last quarter. Rhumbline Advisers raised its stake in shares of AZZ by 6.4% in the third quarter. Rhumbline Advisers now owns 40,598 shares of the industrial products company’s stock valued at $2,650,000 after buying an additional 2,435 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in shares of AZZ by 10.7% in the third quarter. TIAA CREF Investment Management LLC now owns 88,676 shares of the industrial products company’s stock valued at $5,788,000 after buying an additional 8,597 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of AZZ by 10.6% in the third quarter. Teachers Advisors LLC now owns 44,473 shares of the industrial products company’s stock valued at $2,903,000 after buying an additional 4,267 shares in the last quarter. Finally, BlackRock Investment Management LLC raised its stake in shares of AZZ by 0.6% in the third quarter. BlackRock Investment Management LLC now owns 108,968 shares of the industrial products company’s stock valued at $7,112,000 after buying an additional 648 shares in the last quarter. Institutional investors own 88.63% of the company’s stock.
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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