AZZ Inc (NYSE:AZZ) Director Kevern R. Joyce sold 418 shares of AZZ stock in a transaction that occurred on Thursday, November 8th. The shares were sold at an average price of $47.70, for a total transaction of $19,938.60. Following the completion of the transaction, the director now directly owns 62,204 shares in the company, valued at approximately $2,967,130.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

AZZ stock traded down $0.37 on Friday, reaching $47.48. 161,478 shares of the company were exchanged, compared to its average volume of 132,408. AZZ Inc has a 12 month low of $39.50 and a 12 month high of $56.05. The firm has a market capitalization of $1.24 billion, a P/E ratio of 35.17 and a beta of 1.41. The company has a current ratio of 3.14, a quick ratio of 2.13 and a debt-to-equity ratio of 0.50.

AZZ (NYSE:AZZ) last announced its earnings results on Tuesday, October 9th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.04). AZZ had a return on equity of 5.43% and a net margin of 5.63%. The company had revenue of $222.80 million for the quarter, compared to the consensus estimate of $224.50 million. During the same period last year, the firm posted $0.32 EPS. The company’s revenue was up 13.5% compared to the same quarter last year. Equities research analysts anticipate that AZZ Inc will post 2.2 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 30th. Investors of record on Tuesday, October 16th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date was Monday, October 15th. AZZ’s dividend payout ratio (DPR) is currently 50.37%.

Hedge funds have recently made changes to their positions in the stock. Crossmark Global Holdings Inc. bought a new position in AZZ during the third quarter worth $219,000. OMERS ADMINISTRATION Corp bought a new position in AZZ during the second quarter worth $213,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in AZZ during the second quarter worth $239,000. Xact Kapitalforvaltning AB increased its position in AZZ by 27.7% during the first quarter. Xact Kapitalforvaltning AB now owns 5,537 shares of the industrial products company’s stock worth $242,000 after acquiring an additional 1,200 shares during the period. Finally, Campbell & CO Investment Adviser LLC bought a new position in AZZ during the third quarter worth $286,000. 91.72% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts recently issued reports on AZZ shares. TheStreet raised shares of AZZ from a “c+” rating to a “b-” rating in a research report on Thursday, July 26th. ValuEngine raised shares of AZZ from a “hold” rating to a “buy” rating in a research report on Tuesday. Zacks Investment Research raised shares of AZZ from a “strong sell” rating to a “strong-buy” rating and set a $62.00 target price on the stock in a research report on Tuesday, July 17th. Finally, Sidoti raised shares of AZZ from a “neutral” rating to a “buy” rating and set a $54.00 target price on the stock in a research report on Monday, October 29th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $54.33.

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AZZ Company Profile

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.

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