AZZ (NYSE:AZZ) Research Coverage Started at Jefferies Financial Group

Jefferies Financial Group assumed coverage on shares of AZZ (NYSE:AZZ) in a research report report published on Monday morning, MarketBeat.com reports. The firm issued a buy rating and a $105.00 price objective on the industrial products company’s stock.

Several other research firms also recently weighed in on AZZ. Noble Financial downgraded AZZ from an outperform rating to a market perform rating and set a $75.00 price objective for the company. in a report on Friday, March 22nd. StockNews.com upgraded shares of AZZ from a hold rating to a buy rating in a report on Monday, May 13th. Finally, B. Riley increased their price objective on shares of AZZ from $67.00 to $85.00 and gave the company a buy rating in a research note on Tuesday, April 23rd. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, AZZ currently has a consensus rating of Moderate Buy and a consensus target price of $88.33.

AZZ Trading Down 0.1 %

AZZ stock opened at $84.03 on Monday. The company has a market capitalization of $2.50 billion, a PE ratio of 24.50, a P/E/G ratio of 1.19 and a beta of 1.26. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.89 and a quick ratio of 1.28. AZZ has a 12 month low of $34.59 and a 12 month high of $84.80. The firm’s 50-day moving average is $76.96 and its 200 day moving average is $65.51.

AZZ (NYSE:AZZ) last posted its quarterly earnings results on Monday, April 22nd. The industrial products company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.23. AZZ had a net margin of 6.61% and a return on equity of 15.66%. The firm had revenue of $366.50 million during the quarter, compared to the consensus estimate of $351.67 million. During the same quarter in the previous year, the firm posted $0.30 earnings per share. The company’s revenue was up 8.9% on a year-over-year basis. On average, research analysts anticipate that AZZ will post 4.83 EPS for the current year.

AZZ Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 2nd. Stockholders of record on Wednesday, April 17th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date was Tuesday, April 16th. AZZ’s payout ratio is presently 19.83%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in AZZ. Financial Synergies Wealth Advisors Inc. acquired a new position in shares of AZZ during the first quarter valued at about $32,000. Covestor Ltd increased its stake in AZZ by 131.5% during the 3rd quarter. Covestor Ltd now owns 903 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 513 shares in the last quarter. Crewe Advisors LLC acquired a new position in AZZ during the 1st quarter valued at approximately $77,000. Central Pacific Bank Trust Division purchased a new position in shares of AZZ in the first quarter worth $92,000. Finally, Russell Investments Group Ltd. lifted its stake in shares of AZZ by 253.0% during the first quarter. Russell Investments Group Ltd. now owns 2,026 shares of the industrial products company’s stock worth $157,000 after buying an additional 1,452 shares during the period. 90.93% of the stock is currently owned by hedge funds and other institutional investors.

About AZZ

AZZ Inc provides hot-dip galvanizing and coil coating solutions in North America. It offers metal finishing solutions for corrosion protection, including hot-dip galvanizing, spin galvanizing, powder coating, anodizing, and plating to steel fabrication and other industries, as well as to fabricators or manufacturers that provide services to the transmission and distribution, bridge and highway, petrochemical, and general industrial markets; and original equipment manufacturers.