AZZ Inc. (NYSE:AZZ) CFO Jason Crawford Acquires 622 Shares

AZZ Inc. (NYSE:AZZ) CFO Jason Crawford bought 622 shares of AZZ stock in a transaction dated Sunday, June 30th. The stock was acquired at an average price of $34.17 per share, for a total transaction of $21,253.74. Following the completion of the acquisition, the chief financial officer now owns 7,632 shares in the company, valued at $260,785.44. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

AZZ Stock Up 0.3 %

NYSE:AZZ opened at $81.43 on Friday. The stock has a fifty day simple moving average of $78.91 and a 200-day simple moving average of $72.77. The company has a current ratio of 1.89, a quick ratio of 1.28 and a debt-to-equity ratio of 1.36. The company has a market cap of $2.42 billion, a price-to-earnings ratio of 76.10, a price-to-earnings-growth ratio of 1.10 and a beta of 1.25. AZZ Inc. has a twelve month low of $42.55 and a twelve month high of $86.94.

AZZ (NYSE:AZZ) last announced its quarterly earnings data on Wednesday, July 10th. The industrial products company reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.16. The company had revenue of $413.21 million during the quarter, compared to analyst estimates of $403.25 million. AZZ had a net margin of 7.22% and a return on equity of 17.08%. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the business posted $1.14 EPS. Analysts anticipate that AZZ Inc. will post 4.96 EPS for the current year.

AZZ Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 10th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, July 10th. This represents a $0.68 annualized dividend and a yield of 0.84%. AZZ’s dividend payout ratio (DPR) is currently 63.55%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Moody National Bank Trust Division increased its stake in shares of 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 valued at $1,151,000 after buying an additional 3,700 shares during the period. Tectonic Advisors LLC increased its position in AZZ by 1.4% during the 4th quarter. Tectonic Advisors LLC now owns 15,543 shares of the industrial products company’s stock valued at $903,000 after purchasing an additional 221 shares during the period. Beddow Capital Management Inc. purchased a new position in AZZ during the 4th quarter valued at about $238,000. Mutual of America Capital Management LLC bought a new stake in shares of AZZ in the 4th quarter valued at about $255,000. Finally, Louisiana State Employees Retirement System purchased a new stake in shares of AZZ in the 4th quarter worth approximately $726,000. 90.93% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on AZZ. Jefferies Financial Group started coverage on AZZ in a research note on Monday, May 20th. They set a “buy” rating and a $105.00 price objective on the stock. Evercore ISI started coverage on AZZ in a research report on Friday, June 14th. They set an “outperform” rating and a $90.00 target price on the stock. B. Riley increased their price target on AZZ from $67.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, April 23rd. Noble Financial raised shares of AZZ from a “market perform” rating to an “outperform” rating and set a $95.00 price objective for the company in a research note on Tuesday, June 11th. Finally, StockNews.com downgraded shares of AZZ from a “buy” rating to a “hold” rating in a research note on Tuesday, May 21st. One 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 an average target price of $93.75.

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.