AZZ Inc. (AZZ) Receives Consensus Rating of “Hold” from Analysts
Shares of AZZ Inc. (NYSE:AZZ) have received an average broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.
Brokerages have set a twelve-month consensus target price of $58.00 for the company and are expecting that the company will post $0.61 earnings per share for the current quarter, according to Zacks. Zacks has also given AZZ an industry rank of 157 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research downgraded AZZ from a “buy” rating to a “strong sell” rating in a research report on Wednesday, April 26th.
AZZ (NYSE AZZ) opened at 55.25 on Friday. The firm’s 50-day moving average price is $56.15 and its 200 day moving average price is $59.02. The stock has a market cap of $1.44 billion, a P/E ratio of 23.71 and a beta of 1.65. AZZ has a 52-week low of $51.20 and a 52-week 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 analysts’ consensus estimates of $0.61 by $0.17. The firm had revenue of $193.80 million during the quarter, compared to analyst estimates of $215.86 million. AZZ had a return on equity of 12.68% and a net margin of 7.09%. The business’s revenue for the quarter was down 10.9% on a year-over-year basis. During the same quarter last year, the company earned $0.62 earnings per share. Equities analysts predict that AZZ will post $2.79 earnings per share for the current year.
In other news, SVP Timothy E. Pendley sold 2,500 shares of the stock in a transaction on Monday, May 1st. The stock was sold at an average price of $59.26, for a total transaction of $148,150.00. Following the completion of the sale, the senior vice president now owns 31,426 shares in the company, valued at approximately $1,862,304.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director H Kirk Downey sold 4,088 shares of the stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $57.56, for a total value of $235,305.28. Following the sale, the director now owns 9,156 shares of the company’s stock, valued at approximately $527,019.36. The disclosure for this sale can be found here. Insiders have sold a total of 6,725 shares of company stock valued at $391,552 in the last quarter. Insiders own 0.01% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Philadelphia Trust Co. increased its stake in shares of AZZ by 112.8% in the fourth quarter. Philadelphia Trust Co. now owns 118,343 shares of the industrial products company’s stock worth $7,562,000 after buying an additional 62,738 shares during the period. Teachers Retirement System of The State of Kentucky increased its stake in shares of AZZ by 4.0% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 26,366 shares of the industrial products company’s stock worth $1,685,000 after buying an additional 1,026 shares during the period. Comerica Bank increased its stake in shares of AZZ by 5.3% in the fourth quarter. Comerica Bank now owns 27,630 shares of the industrial products company’s stock worth $1,652,000 after buying an additional 1,387 shares during the period. First Trust Advisors LP increased its stake in shares of AZZ by 33.4% in the first quarter. First Trust Advisors LP now owns 115,195 shares of the industrial products company’s stock worth $6,854,000 after buying an additional 28,823 shares during the period. Finally, Chatham Capital Group Inc. bought a new stake in shares of AZZ during the first quarter worth approximately $970,000. Institutional investors own 86.36% of the company’s stock.
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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