2 weeks Ago By ABMN Staff
Bank of Montreal Can boosted its position in AZZ Inc. ( NYSE:AZZ – Free Report ) by 4.5% during the fourth quarter, Holdings Channel.
com reports. The fund owned 6,452 shares of the industrial products company’s stock after purchasing an additional 277 shares during the quarter. Bank of Montreal Can’s holdings in AZZ were worth $529,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. US Bancorp DE lifted its stake in shares of AZZ by 39.0% in the 4th quarter.
US Bancorp DE now owns 463 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 130 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in AZZ by 202.5% in the fourth quarter.
Smartleaf Asset Management LLC now owns 475 shares of the industrial products company’s stock valued at $39,000 after buying an additional 318 shares during the period. Farther Finance Advisors LLC lifted its position in AZZ by 32.4% during the fourth quarter.
Farther Finance Advisors LLC now owns 515 shares of the industrial products company’s stock valued at $42,000 after buying an additional 126 shares in the last quarter. KBC Group NV grew its stake in AZZ by 50.8% during the fourth quarter.
KBC Group NV now owns 1,244 shares of the industrial products company’s stock worth $102,000 after buying an additional 419 shares during the period. Finally, Meeder Asset Management Inc. acquired a new stake in shares of AZZ in the fourth quarter worth $214,000.
Hedge funds and other institutional investors own 90.93% of the company’s stock. Wall Street Analyst Weigh In Several equities analysts recently weighed in on AZZ shares.
Roth Capital upgraded shares of AZZ to a “strong-buy” rating in a report on Tuesday, February 11th. Sidoti upgraded AZZ from a “neutral” rating to a “buy” rating and set a $101.00 price objective on the stock in a research note on Wednesday, April 9th.
B. Riley increased their target price on AZZ from $99.00 to $111.
00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Noble Financial restated an “outperform” rating on shares of AZZ in a report on Thursday, March 6th. Finally, Roth Mkm started coverage on shares of AZZ in a research report on Tuesday, February 11th.
They issued a “buy” rating and a $108.00 price objective for the company. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock.
According to MarketBeat.com, AZZ presently has a consensus rating of “Moderate Buy” and a consensus price target of $100.71.
AZZ Stock Performance Shares of AZZ opened at $77.55 on Tuesday. AZZ Inc.
has a 52-week low of $69.59 and a 52-week high of $99.49.
The company has a quick ratio of 1.26, a current ratio of 1.77 and a debt-to-equity ratio of 0.
85. The firm has a market cap of $2.32 billion, a price-to-earnings ratio of 52.
40, a PEG ratio of 1.32 and a beta of 1.22.
The business’s 50 day moving average is $87.22 and its two-hundred day moving average is $86.35.
AZZ ( NYSE:AZZ – Get Free Report ) last posted its quarterly earnings data on Monday, April 21st. The industrial products company reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.
95 by $0.03. The firm had revenue of $351.
88 million for the quarter, compared to the consensus estimate of $367.78 million. AZZ had a net margin of 7.
94% and a return on equity of 16.99%. Analysts forecast that AZZ Inc.
will post 5.13 EPS for the current fiscal year. AZZ Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th.
Shareholders of record on Thursday, April 24th will be paid a dividend of $0.17 per share. This represents a $0.
68 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend is Thursday, April 24th.
AZZ’s payout ratio is currently 45.95%. AZZ Profile ( Free Report ) 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. See Also Want to see what other hedge funds are holding AZZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AZZ Inc.
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