AZZ Inc. (NYSE:AZZ) insider Thomas E. Ferguson bought 5,000 shares of the company’s stock in a transaction on Tuesday, July 11th. The stock was purchased at an average price of $49.59 per share, with a total value of $247,950.00. Following the completion of the transaction, the insider now directly owns 49,037 shares of the company’s stock, valued at approximately $2,431,744.83. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of AZZ Inc. (AZZ) traded down 0.20% during mid-day trading on Tuesday, reaching $50.15. The company had a trading volume of 63,017 shares. AZZ Inc. has a one year low of $47.63 and a one year high of $67.98. The company has a 50 day moving average price of $52.49 and a 200 day moving average price of $56.53. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 24.69 and a beta of 1.57.
AZZ (NYSE:AZZ) last posted its quarterly earnings results on Thursday, July 6th. The industrial products company reported $0.51 EPS for the quarter, missing the Zacks’ consensus estimate of $0.70 by $0.19. The business had revenue of $208.60 million for the quarter, compared to the consensus estimate of $225.08 million. AZZ had a net margin of 6.44% and a return on equity of 10.98%. AZZ’s revenue was down 14.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.81 earnings per share. On average, analysts anticipate that AZZ Inc. will post $2.62 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Tuesday, July 18th were issued a dividend of $0.17 per share. The ex-dividend date was Friday, July 14th. This represents a $0.68 dividend on an annualized basis and a yield of 1.36%. AZZ’s dividend payout ratio is presently 33.50%.
Several equities research analysts recently commented on the company. BidaskClub cut AZZ from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Stifel Nicolaus dropped their price target on AZZ from $58.00 to $56.00 and set a “hold” rating on the stock in a report on Friday, July 7th. Zacks Investment Research upgraded AZZ from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a report on Tuesday, April 11th. Finally, TheStreet lowered AZZ from a “b” rating to a “c+” rating in a report on Friday, July 7th.
Large investors have recently bought and sold shares of the stock. Philadelphia Trust Co. boosted its stake in AZZ by 112.8% in the fourth quarter. Philadelphia Trust Co. now owns 118,343 shares of the industrial products company’s stock worth $7,562,000 after buying an additional 62,738 shares in the last quarter. First Trust Advisors LP raised its position in shares of AZZ by 33.4% in the first quarter. First Trust Advisors LP now owns 115,195 shares of the industrial products company’s stock worth $6,854,000 after buying an additional 28,823 shares during the last quarter. Mason Street Advisors LLC raised its position in shares of AZZ by 6.8% in the first quarter. Mason Street Advisors LLC now owns 6,069 shares of the industrial products company’s stock worth $361,000 after buying an additional 385 shares during the last quarter. Comerica Bank raised its position in shares of AZZ by 5.3% in the fourth quarter. Comerica Bank now owns 27,630 shares of the industrial products company’s stock worth $1,652,000 after buying an additional 1,387 shares during the last quarter. Finally, TD Asset Management Inc. raised its position in shares of AZZ by 2.1% in the first quarter. TD Asset Management Inc. now owns 24,600 shares of the industrial products company’s stock worth $1,464,000 after buying an additional 500 shares during the last quarter. 86.61% of the stock is currently owned by institutional investors and hedge funds.
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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