Tiffany Moseley Buys 420 Shares of AZZ Inc. (NYSE:AZZ) Stock

AZZ Inc. (NYSE:AZZ) CAO Tiffany Moseley bought 420 shares of the business’s stock in a transaction that occurred on Sunday, June 30th. The stock was purchased at an average cost of $36.94 per share, for a total transaction of $15,514.80. Following the completion of the transaction, the chief accounting officer now owns 1,654 shares in the company, valued at $61,098.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

AZZ Price Performance

AZZ stock traded up $4.69 during trading on Thursday, hitting $81.20. The stock had a trading volume of 615,186 shares, compared to its average volume of 256,881. AZZ Inc. has a twelve month low of $42.55 and a twelve month high of $86.94. The company’s 50-day moving average price is $78.64 and its two-hundred day moving average price is $72.54. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.89 and a quick ratio of 1.28. The stock has a market capitalization of $2.42 billion, a P/E ratio of 22.07, a PEG ratio of 1.10 and a beta of 1.25.

AZZ (NYSE:AZZ) last posted its quarterly earnings results on Wednesday, July 10th. The industrial products company reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.16. AZZ had a net margin of 6.61% and a return on equity of 15.66%. The firm had revenue of $413.21 million for the quarter, compared to the consensus estimate of $403.25 million. During the same period last year, the firm posted $1.14 earnings per share. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. As a group, research analysts predict that AZZ Inc. will post 4.96 EPS for the current fiscal year.

AZZ Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 10th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, July 10th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.84%. AZZ’s dividend payout ratio is currently 19.83%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on AZZ. Noble Financial raised AZZ from a “market perform” rating to an “outperform” rating and set a $95.00 price objective on the stock in a report on Tuesday, June 11th. StockNews.com cut shares of AZZ from a “buy” rating to a “hold” rating in a report on Tuesday, May 21st. Evercore ISI assumed coverage on AZZ in a research report on Friday, June 14th. They set an “outperform” rating and a $90.00 price target on the stock. B. Riley boosted their price objective on AZZ from $67.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, April 23rd. Finally, Jefferies Financial Group began coverage on AZZ in a report on Monday, May 20th. They issued a “buy” rating and a $105.00 price target for the company. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.75.

Institutional Investors Weigh In On AZZ

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Intrinsic Edge Capital Management LLC acquired a new stake in shares of AZZ during the fourth quarter valued at about $1,162,000. Dimensional Fund Advisors LP increased its holdings in AZZ by 11.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,055,634 shares of the industrial products company’s stock valued at $61,322,000 after purchasing an additional 106,091 shares during the last quarter. Chesapeake Capital Corp IL purchased a new stake in AZZ in the fourth quarter valued at approximately $2,082,000. Moody National Bank Trust Division lifted its stake in AZZ by 23.0% during the fourth quarter. Moody National Bank Trust Division now owns 19,813 shares of the industrial products company’s stock worth $1,151,000 after purchasing an additional 3,700 shares in the last quarter. Finally, Jump Financial LLC acquired a new stake in shares of AZZ in the fourth quarter valued at $1,286,000. Institutional investors and hedge funds own 90.93% of the company’s stock.

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.