AZZ Inc. (NYSE:AZZ) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of AZZ Inc. (NYSE:AZZ) have been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $96.80.

Separately, Jefferies Financial Group raised their price objective on AZZ from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, December 6th.

AZZ Stock Performance

Shares of AZZ opened at $85.22 on Tuesday. AZZ has a one year low of $55.78 and a one year high of $97.98. The company has a 50-day moving average of $86.73 and a two-hundred day moving average of $81.72. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.85 and a quick ratio of 1.32. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of 66.58, a PEG ratio of 1.33 and a beta of 1.30.

AZZ (NYSE:AZZ) last announced its earnings results on Wednesday, October 9th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.05. The company had revenue of $409.01 million for the quarter, compared to the consensus estimate of $409.50 million. AZZ had a net margin of 7.63% and a return on equity of 16.88%. The company’s revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.27 EPS. On average, equities research analysts expect that AZZ will post 5.08 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Delphi Management Inc. MA lifted its holdings in shares of AZZ by 11.9% during the 2nd quarter. Delphi Management Inc. MA now owns 23,685 shares of the industrial products company’s stock valued at $1,830,000 after buying an additional 2,521 shares during the last quarter. Rhumbline Advisers raised its position in AZZ by 8.7% during the second quarter. Rhumbline Advisers now owns 85,547 shares of the industrial products company’s stock valued at $6,608,000 after acquiring an additional 6,847 shares in the last quarter. Federated Hermes Inc. lifted its stake in AZZ by 81,999.5% in the second quarter. Federated Hermes Inc. now owns 153,526 shares of the industrial products company’s stock valued at $11,860,000 after acquiring an additional 153,339 shares during the last quarter. Geode Capital Management LLC grew its position in AZZ by 1.5% in the third quarter. Geode Capital Management LLC now owns 675,603 shares of the industrial products company’s stock worth $55,823,000 after acquiring an additional 10,072 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in shares of AZZ by 25.7% during the 2nd quarter. Thrivent Financial for Lutherans now owns 59,716 shares of the industrial products company’s stock worth $4,613,000 after purchasing an additional 12,226 shares during the last quarter. Hedge funds and other institutional investors own 90.93% of the company’s stock.

AZZ Company Profile

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.