Trade Report: The AZZ Inc. (AZZ) Insider Thomas E. Ferguson Purchases 7,500 Shares

The AZZ Inc. (AZZ) Insider Thomas E. Ferguson Purchases 7,500 Shares

AZZ Inc. (NYSE:AZZ) insider Thomas E. Ferguson acquired 7,500 shares of the firm’s stock in a transaction dated Monday, October 10th. The stock was bought at an average price of $55.24 per share, for a total transaction of $414,300.00. Following the acquisition, the insider now owns 29,276 shares of the company’s stock, valued at approximately $1,617,206.24. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of AZZ Inc. (NYSE:AZZ) opened at 54.25 on Wednesday. The company has a 50 day moving average price of $63.96 and a 200 day moving average price of $60.35. The company has a market capitalization of $1.41 billion, a PE ratio of 20.03 and a beta of 1.34. AZZ Inc. has a 1-year low of $47.04 and a 1-year high of $67.98.

AZZ (NYSE:AZZ) last released its quarterly earnings data on Wednesday, October 5th. The company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.72 by $0.17. AZZ had a net margin of 7.88% and a return on equity of 15.84%. The company had revenue of $195 million for the quarter, compared to the consensus estimate of $225.43 million. During the same period last year, the company earned $0.67 EPS. The firm’s revenue for the quarter was down 9.0% on a year-over-year basis. Equities analysts predict that AZZ Inc. will post $3.31 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 1st. Shareholders of record on Tuesday, October 18th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Friday, October 14th. This is an increase from AZZ’s previous quarterly dividend of $0.15. AZZ’s dividend payout ratio is 22.06%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System increased its position in AZZ by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 11,500 shares of the company’s stock valued at $690,000 after buying an additional 100 shares during the period. JPMorgan Chase & Co. increased its position in AZZ by 0.6% in the second quarter. JPMorgan Chase & Co. now owns 16,826 shares of the company’s stock valued at $1,009,000 after buying an additional 100 shares during the period. PineBridge Investments L.P. increased its position in AZZ by 4.1% in the second quarter. PineBridge Investments L.P. now owns 3,288 shares of the company’s stock valued at $197,000 after buying an additional 131 shares during the period. Advisors Asset Management Inc. increased its position in AZZ by 12.7% in the second quarter. Advisors Asset Management Inc. now owns 1,737 shares of the company’s stock valued at $104,000 after buying an additional 196 shares during the period. Finally, United Services Automobile Association increased its position in AZZ by 2.9% in the second quarter. United Services Automobile Association now owns 7,190 shares of the company’s stock valued at $431,000 after buying an additional 200 shares during the period. 84.08% of the stock is owned by institutional investors and hedge funds.

Several research analysts have recently commented on the company. Zacks Investment Research downgraded AZZ from a “hold” rating to a “strong sell” rating in a report on Friday, October 7th. DA Davidson reissued a “hold” rating and issued a $55.00 target price on shares of AZZ in a research note on Wednesday, July 6th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $60.00.

AZZ Company Profile

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