AZZ Inc. (AZZ) Hits New 1-Year High at $61.45
Shares of AZZ Inc. (NYSE:AZZ) reached a new 52-week high during trading on Monday . The company traded as high as $61.45 and last traded at $61.00, with a volume of 79,383 shares traded. The stock had previously closed at $60.12.
A number of research firms have commented on AZZ. Zacks Investment Research lowered shares of AZZ from a “buy” rating to a “hold” rating in a report on Friday. DA Davidson reissued a “hold” rating and issued a $55.00 price target on shares of AZZ in a report on Wednesday, July 6th. Finally, Stifel Nicolaus assumed coverage on shares of AZZ in a report on Monday, March 28th. They issued a “hold” rating for the company. Five research analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and an average target price of $60.00.
The stock has a market capitalization of $1.58 billion and a P/E ratio of 20.278. The stock’s 50-day moving average is $58.87 and its 200 day moving average is $54.90.
AZZ (NYSE:AZZ) last issued its quarterly earnings data on Tuesday, July 5th. The company reported $0.81 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by $0.03. The company had revenue of $242.70 million for the quarter. During the same period in the prior year, the business posted $0.77 earnings per share. The business’s revenue was up 6.0% compared to the same quarter last year. On average, equities research analysts expect that AZZ Inc. will post $3.30 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 1st. Investors of record on Monday, July 18th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.00%. The ex-dividend date is Thursday, July 14th.
In related news, Director H Kirk Downey sold 3,750 shares of the stock in a transaction that occurred on Friday, April 29th. The shares were sold at an average price of $54.58, for a total value of $204,675.00. Following the completion of the transaction, the director now owns 15,621 shares of the company’s stock, valued at approximately $852,594.18. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
A number of institutional investors recently modified their holdings of AZZ. GSA Capital Partners LLP increased its position in shares of AZZ by 66.1% in the fourth quarter. GSA Capital Partners LLP now owns 20,818 shares of the company’s stock valued at $1,157,000 after buying an additional 8,283 shares during the last quarter. US Bancorp DE increased its position in shares of AZZ by 17.4% in the fourth quarter. US Bancorp DE now owns 21,753 shares of the company’s stock valued at $1,209,000 after buying an additional 3,229 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of AZZ by 333.7% in the fourth quarter. Wells Fargo & Company MN now owns 26,882 shares of the company’s stock valued at $1,494,000 after buying an additional 20,683 shares during the last quarter. Nationwide Fund Advisors increased its position in shares of AZZ by 0.4% in the fourth quarter. Nationwide Fund Advisors now owns 30,487 shares of the company’s stock valued at $1,694,000 after buying an additional 133 shares during the last quarter. Finally, Rhumbline Advisers increased its position in shares of AZZ by 6.9% in the fourth quarter. Rhumbline Advisers now owns 37,309 shares of the company’s stock valued at $2,073,000 after buying an additional 2,405 shares during the last quarter.
AZZ Inc, formerly AZZ incorporated, 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 in two business segments: the Energy segment and the Galvanizing Services segment.
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