AZZ Inc. (AZZ) Sets New 12-Month High at $64.19
AZZ Inc. (NYSE:AZZ) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $64.19 and last traded at $63.86, with a volume of 15,193 shares trading hands. The stock had previously closed at $63.93.
A number of equities research analysts have issued reports on the company. Zacks Investment Research downgraded AZZ from a “buy” rating to a “hold” rating in a research report on Friday, July 8th. DA Davidson restated a “hold” rating and set a $55.00 price objective on shares of AZZ in a research report on Wednesday, July 6th. Five equities research analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and a consensus target price of $60.00.
The firm has a market cap of $1.66 billion and a PE ratio of 21.40. The firm has a 50 day moving average of $61.05 and a 200 day moving average of $56.49.
AZZ (NYSE:AZZ) last posted its earnings results on Tuesday, July 5th. The company reported $0.81 EPS for the quarter, missing the Zacks’ consensus estimate of $0.84 by $0.03. During the same quarter in the previous year, the firm posted $0.77 EPS. The firm earned $242.70 million during the quarter. AZZ’s revenue was up 6.0% compared to the same quarter last year. Analysts anticipate that AZZ Inc. will post $3.31 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, August 1st. Stockholders of record on Monday, July 18th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date was Thursday, July 14th.
In related news, SVP Timothy E. Pendley sold 1,200 shares of AZZ stock in a transaction dated Tuesday, July 19th. The stock was sold at an average price of $62.02, for a total value of $74,424.00. Following the sale, the senior vice president now directly owns 30,980 shares in the company, valued at approximately $1,921,379.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Wallace P. Eisman acquired 1,000 shares of the stock in a transaction that occurred on Friday, July 15th. The stock was purchased at an average price of $62.27 per share, for a total transaction of $62,270.00. Following the completion of the acquisition, the director now owns 4,641 shares in the company, valued at approximately $288,995.07. The disclosure for this purchase can be found here.
A number of large investors have recently bought and sold shares of the company. GSA Capital Partners LLP boosted its stake in 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 boosted its stake in 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. Nationwide Fund Advisors boosted its stake in 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. California Public Employees Retirement System boosted its stake in AZZ by 10.3% in the fourth quarter. California Public Employees Retirement System now owns 74,800 shares of the company’s stock valued at $4,157,000 after buying an additional 7,000 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in AZZ by 4.5% in the fourth quarter. Principal Financial Group Inc. now owns 175,204 shares of the company’s stock valued at $9,736,000 after buying an additional 7,518 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.