AZZ (AZZ) Given “Hold” Rating at Stifel Nicolaus

Share on StockTwits

AZZ (NYSE:AZZ)‘s stock had its “hold” rating reiterated by equities research analysts at Stifel Nicolaus in a note issued to investors on Wednesday. They presently have a $50.00 price objective on the industrial products company’s stock. Stifel Nicolaus’ target price indicates a potential upside of 20.69% from the company’s current price.

Several other research firms have also recently weighed in on AZZ. Zacks Investment Research cut shares of AZZ from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 11th. ValuEngine upgraded shares of AZZ from a “hold” rating to a “buy” rating in a research note on Tuesday, November 6th. TheStreet cut shares of AZZ from a “b-” rating to a “c+” rating in a research note on Monday, October 8th. Finally, Sidoti upgraded shares of AZZ from a “neutral” rating to a “buy” rating and set a $54.00 price target for the company in a research note on Monday, October 29th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $55.33.

NYSE AZZ opened at $41.43 on Wednesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.14 and a quick ratio of 2.13. AZZ has a twelve month low of $39.50 and a twelve month high of $56.05. The stock has a market capitalization of $1.09 billion, a P/E ratio of 30.69 and a beta of 1.40.

AZZ (NYSE:AZZ) last released its earnings results on Tuesday, October 9th. The industrial products company reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.04). AZZ had a net margin of 5.63% and a return on equity of 5.43%. The company had revenue of $222.80 million during the quarter, compared to the consensus estimate of $224.50 million. During the same quarter in the previous year, the business posted $0.32 EPS. The firm’s quarterly revenue was up 13.5% on a year-over-year basis. As a group, sell-side analysts anticipate that AZZ will post 2.15 earnings per share for the current year.

In other AZZ news, CFO Paul Wesley Fehlman purchased 1,000 shares of the business’s stock in a transaction on Monday, October 22nd. The stock was purchased at an average price of $45.48 per share, for a total transaction of $45,480.00. Following the completion of the purchase, the chief financial officer now directly owns 12,755 shares in the company, valued at $580,097.40. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Thomas E. Ferguson purchased 5,000 shares of the business’s stock in a transaction on Monday, October 22nd. The shares were acquired at an average price of $45.77 per share, with a total value of $228,850.00. Following the purchase, the insider now owns 62,099 shares of the company’s stock, valued at $2,842,271.23. The disclosure for this purchase can be found here. 0.01% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in AZZ. Quantbot Technologies LP acquired a new stake in shares of AZZ during the third quarter worth approximately $178,000. United Services Automobile Association acquired a new stake in shares of AZZ during the third quarter worth approximately $202,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of AZZ during the second quarter worth approximately $213,000. Laurion Capital Management LP acquired a new stake in shares of AZZ during the third quarter worth approximately $217,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of AZZ during the third quarter worth approximately $219,000. Hedge funds and other institutional investors own 89.69% of the company’s stock.

About AZZ

AZZ Inc provides galvanizing and metal coating services, welding solutions, specialty electrical equipment, and highly engineered services to the power generation, transmission, distribution, refining, and industrial markets. The company operates through two segments, Energy Segment and Metal Coatings.

Featured Story: Call Option

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

Leave a Reply