AZZ (NYSE:AZZ) Sets New 52-Week Low at $41.05

AZZ Inc. (NYSE:AZZGet Rating) shares reached a new 52-week low on Wednesday . The stock traded as low as $41.05 and last traded at $41.05, with a volume of 42 shares trading hands. The stock had previously closed at $41.50.

Separately, StockNews.com lowered shares of AZZ from a “buy” rating to a “hold” rating in a research report on Friday, June 17th.

The company’s fifty day moving average price is $44.76 and its 200-day moving average price is $48.30. The stock has a market cap of $1.01 billion, a P/E ratio of 12.12 and a beta of 1.31. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.73 and a current ratio of 2.57.

AZZ (NYSE:AZZGet Rating) last posted its earnings results on Friday, April 22nd. The industrial products company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.18. The business had revenue of $224.70 million for the quarter, compared to the consensus estimate of $225.23 million. AZZ had a net margin of 9.31% and a return on equity of 12.94%. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.62 EPS. Analysts anticipate that AZZ Inc. will post 3.83 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 17th. Shareholders of record on Tuesday, April 26th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend was Monday, April 25th. AZZ’s dividend payout ratio is presently 20.24%.

Large investors have recently added to or reduced their stakes in the business. GHP Investment Advisors Inc. acquired a new stake in AZZ during the 1st quarter valued at approximately $27,000. Captrust Financial Advisors lifted its stake in AZZ by 31.5% during the 1st quarter. Captrust Financial Advisors now owns 2,431 shares of the industrial products company’s stock valued at $117,000 after acquiring an additional 583 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in AZZ by 442.5% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,181 shares of the industrial products company’s stock valued at $121,000 after acquiring an additional 1,779 shares during the period. KBC Group NV acquired a new position in shares of AZZ in the 4th quarter valued at $181,000. Finally, PEAK6 Investments LLC acquired a new position in shares of AZZ in the 1st quarter valued at $212,000. 88.97% of the stock is currently owned by institutional investors.

About AZZ (NYSE:AZZ)

AZZ Inc offers galvanizing and metal coating solutions, welding solutions, specialty electrical equipment, and engineered services to the power generation, transmission, distribution, refining, and industrial markets in the United States and internationally. The company operates through two segments, Infrastructure Solutions and Metal Coatings.

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