AZZ Inc. (NYSE:AZZ) VP Robert Joseph Steines acquired 1,000 shares of the business’s stock in a transaction that occurred on Thursday, October 13th. The shares were bought at an average price of $54.54 per share, with a total value of $54,540.00. Following the completion of the purchase, the vice president now owns 2,625 shares in the company, valued at approximately $143,167.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
AZZ Inc. (NYSE:AZZ) opened at 53.95 on Tuesday. AZZ Inc. has a 12-month low of $47.04 and a 12-month high of $67.98. The company has a 50-day moving average price of $62.57 and a 200-day moving average price of $60.29. The stock has a market capitalization of $1.40 billion, a PE ratio of 19.92 and a beta of 1.34.
AZZ (NYSE:AZZ) last released its quarterly earnings results on Wednesday, October 5th. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by $0.17. AZZ had a net margin of 7.88% and a return on equity of 15.84%. The business earned $195 million during the quarter, compared to analysts’ expectations of $225.43 million. During the same quarter last year, the business posted $0.67 earnings per share. The company’s quarterly revenue was down 9.0% compared to the same quarter last year. Analysts expect that AZZ Inc. will post $3.31 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 1st. Stockholders of record on Tuesday, October 18th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.26%. This is a boost from AZZ’s previous quarterly dividend of $0.15. The ex-dividend date is Friday, October 14th. AZZ’s dividend payout ratio (DPR) is presently 25.00%.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Advisors Asset Management Inc. boosted its position in shares of 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 last quarter. BlackRock Inc. boosted its position in shares of AZZ by 131.3% in the first quarter. BlackRock Inc. now owns 1,876 shares of the company’s stock valued at $106,000 after buying an additional 1,065 shares during the last quarter. Tower Research Capital LLC TRC purchased a new position in shares of AZZ during the second quarter valued at about $181,000. PineBridge Investments L.P. boosted its position in shares of 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 last quarter. Finally, Cubist Systematic Strategies LLC boosted its position in shares of AZZ by 35.0% in the second quarter. Cubist Systematic Strategies LLC now owns 3,434 shares of the company’s stock valued at $206,000 after buying an additional 890 shares during the last quarter. Hedge funds and other institutional investors own 83.80% of the company’s stock.
A number of research analysts recently issued reports on the company. Zacks Investment Research downgraded AZZ from a “buy” rating to a “hold” rating in a research note on Friday, July 8th. DA Davidson reiterated a “hold” rating and set a $55.00 price objective on shares of AZZ in a research note on Wednesday, July 6th.