AZZ Inc. (NYSE:AZZ) PT Lowered to $56.00 at Stifel Nicolaus

AZZ Inc. (NYSE:AZZ) had its price objective decreased by Stifel Nicolaus from $58.00 to $56.00 in a research report released on Friday morning, Marketbeat Ratings reports. Stifel Nicolaus currently has a hold rating on the industrial products company’s stock.

Separately, Zacks Investment Research upgraded AZZ from a sell rating to a hold rating in a report on Tuesday, March 28th.

Shares of AZZ (AZZ) opened at 49.00 on Friday. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 24.13 and a beta of 1.59. AZZ has a 1-year low of $48.35 and a 1-year high of $67.98. The stock has a 50 day moving average price of $55.61 and a 200 day moving average price of $58.60.

AZZ (NYSE:AZZ) last issued its earnings results on Thursday, July 6th. The industrial products company reported $0.51 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by $0.19. The company had revenue of $208.60 million for the quarter, compared to analyst estimates of $225.08 million. AZZ had a return on equity of 10.98% and a net margin of 6.44%. The company’s revenue for the quarter was down 14.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.81 earnings per share. On average, equities analysts anticipate that AZZ will post $2.69 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally reported by BBNS and is the sole property of of BBNS. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of United States & international copyright legislation. The legal version of this piece of content can be read at https://baseballnewssource.com/markets/azz-inc-nyseazz-pt-lowered-to-56-00-at-stifel-nicolaus/1180284.html.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 1st. Investors of record on Tuesday, July 18th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Friday, July 14th. AZZ’s dividend payout ratio is presently 33.50%.

In related news, Director H Kirk Downey sold 4,088 shares of the company’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $57.56, for a total value of $235,305.28. Following the transaction, the director now directly owns 9,156 shares in the company, valued at $527,019.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Timothy E. Pendley sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $59.26, for a total value of $148,150.00. Following the completion of the transaction, the senior vice president now owns 31,426 shares in the company, valued at $1,862,304.76. The disclosure for this sale can be found here. Insiders sold 6,725 shares of company stock worth $391,552 over the last quarter. 0.01% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Glen Harbor Capital Management LLC increased its stake in AZZ by 10.2% in the first quarter. Glen Harbor Capital Management LLC now owns 1,836 shares of the industrial products company’s stock worth $109,000 after buying an additional 170 shares during the period. Ameritas Investment Partners Inc. acquired a new stake in AZZ during the first quarter worth about $133,000. Quantbot Technologies LP increased its stake in AZZ by 364.0% in the first quarter. Quantbot Technologies LP now owns 2,255 shares of the industrial products company’s stock worth $134,000 after buying an additional 1,769 shares during the period. Bank of Montreal Can increased its stake in AZZ by 6.9% in the first quarter. Bank of Montreal Can now owns 2,613 shares of the industrial products company’s stock worth $155,000 after buying an additional 168 shares during the period. Finally, State of Alaska Department of Revenue increased its stake in AZZ by 1.8% in the first quarter. State of Alaska Department of Revenue now owns 2,860 shares of the industrial products company’s stock worth $170,000 after buying an additional 50 shares during the period. Hedge funds and other institutional investors own 86.13% of the company’s stock.

About AZZ

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.

Receive News & Ratings for AZZ Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AZZ Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Veteran Pitcher Bartolo Colon Considering Retirement
Veteran Pitcher Bartolo Colon Considering Retirement
Todd Frazier Traded to Yankees for Blake Rutherford and Others
Todd Frazier Traded to Yankees for Blake Rutherford and Others
Tigers Would Include Cash in Verlander Deal and Other MLB Trade Rumors
Tigers Would Include Cash in Verlander Deal and Other MLB Trade Rumors
Todd Frazier Trade to Boston Appears to Be Decided
Todd Frazier Trade to Boston Appears to Be Decided
Chicago White Sox Continue Rebuild Without Jose Quintana
Chicago White Sox Continue Rebuild Without Jose Quintana
Mike Trout Returns from Injury With Single and Stole Base
Mike Trout Returns from Injury With Single and Stole Base


Leave a Reply

 
© 2006-2017 BBNS.