AZZ Inc. (AZZ) Director Venita Mccellon-Allen Buys 5,000 Shares of Stock
AZZ Inc. (NYSE:AZZ) Director Venita Mccellon-Allen purchased 5,000 shares of the stock in a transaction on Monday, October 17th. The stock was acquired at an average price of $53.91 per share, with a total value of $269,550.00. Following the completion of the acquisition, the director now directly owns 6,641 shares of the company’s stock, valued at $358,016.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
AZZ Inc. (NYSE:AZZ) opened at 53.85 on Wednesday. The stock has a 50 day moving average price of $62.21 and a 200 day moving average price of $60.26. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 19.88 and a beta of 1.34. AZZ Inc. has a 52 week low of $47.04 and a 52 week high of $67.98.
AZZ (NYSE:AZZ) last released its earnings results on Wednesday, October 5th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by $0.17. The business earned $195 million during the quarter, compared to the consensus estimate of $225.43 million. AZZ had a net margin of 7.88% and a return on equity of 15.84%. The business’s revenue was down 9.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.67 earnings per share. On average, equities analysts forecast that AZZ Inc. will post $3.31 earnings per share for the current year.
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 paid a $0.17 dividend. This is an increase from AZZ’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, October 14th. This represents a $0.68 annualized dividend and a yield of 1.26%. AZZ’s dividend payout ratio is presently 25.00%.
A number of institutional investors have recently bought and sold shares of AZZ. Advisors Asset Management Inc. increased its position 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. BlackRock Inc. increased its position in AZZ by 131.3% in the first quarter. BlackRock Inc. now owns 1,876 shares of the company’s stock valued at $106,000 after buying an additional 1,065 shares during the last quarter. Tower Research Capital LLC TRC purchased a new position in AZZ during the second quarter valued at approximately $181,000. PineBridge Investments L.P. increased its position 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. Finally, Cubist Systematic Strategies LLC increased its position in AZZ by 35.0% in the second quarter. Cubist Systematic Strategies LLC now owns 3,434 shares of the company’s stock valued at $206,000 after buying an additional 890 shares during the last quarter. Institutional investors and hedge funds own 83.80% of the company’s stock.
Several equities research analysts have issued reports on AZZ shares. DA Davidson restated a “hold” rating and issued a $55.00 price target on shares of AZZ in a report on Wednesday, July 6th. Zacks Investment Research upgraded AZZ from a “hold” rating to a “buy” rating and set a $66.00 price target for the company in a report on Thursday, July 7th.
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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